Dual - class share structure
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Citigroup Joins SpaceX IPO Process - Citigroup (NYSE:C)
Benzinga· 2026-03-04 19:40
Group 1 - Citigroup Inc. has been added to the list of banks preparing SpaceX's initial public offering (IPO) [1] - SpaceX is reportedly preparing to confidentially file for an IPO as soon as next month, targeting a June listing that could raise up to $50 billion, potentially becoming the largest IPO in history [1] - The IPO could surpass Saudi Aramco's $29 billion debut in 2019 [1] Group 2 - By filing confidentially, SpaceX can receive SEC feedback and make adjustments before its prospectus becomes public [2] - Discussions regarding the IPO are ongoing, and additional banks may be added to the process [2] - SpaceX is considering a dual-class share structure that could give insiders, including Elon Musk, outsized voting power over corporate decisions [2] Group 3 - SpaceX recently acquired Elon Musk's artificial intelligence startup xAI, valuing SpaceX at about $1 trillion and xAI at roughly $250 billion [3] - Several major banks, including Bank of America, Goldman Sachs Group, JPMorgan Chase, and Morgan Stanley, are working on the IPO [3] - Royal Bank of Canada and Mizuho are also understood to be participating in the IPO process [3]
UDynamics Ltd(UDUD) - Prospectus
2026-02-27 16:40
As filed with the United States Securities and Exchange Commission on February 27, 2026. Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ______________________________________________ UDynamics Limited (Exact name of registrant as specified in its charter) ______________________________________________ | British Virgin Islands | 7371 | Not Applicable | | --- | --- | --- | | (State or other jurisdic ...
Greenland Technologies Holding Corporation Announces Effective Date of Dual-Class Share Structure
Prnewswire· 2026-02-23 12:00
Core Viewpoint - Greenland Technologies Holding Corporation is implementing a dual-class share structure that will take effect on February 24, 2026, allowing for differentiated voting rights among shareholders [1][2]. Group 1: Share Structure Changes - The company has amended its memorandum and articles of association to create Class A ordinary shares, which will carry one vote each, and Class B ordinary shares, which will carry 25 votes per share [2]. - The Class A Ordinary Shares will continue to trade under the symbol "GTEC" and the same CUSIP number G4095T107 on the Nasdaq Capital Market starting February 24, 2026 [3]. Group 2: Company Overview - Greenland Technologies Holding Corporation is a technology developer and manufacturer specializing in electric industrial vehicles and drivetrain systems for material handling machinery and vehicles [4].
Universe Pharmaceuticals INC Announces Effective Date of Dual-Class Share Structure
Globenewswire· 2026-02-11 21:05
Core Viewpoint - Universe Pharmaceuticals INC has successfully implemented a dual-class share structure, which will take effect on the Nasdaq Capital Market on February 13, 2026 [1]. Group 1: Dual-Class Share Structure - The company has amended and restated its memorandum and articles of association, changing its authorized share capital to US$20,000, divided into 1,800,000,000 Class A ordinary shares and 200,000,000 Class B ordinary shares, both with a par value of US$0.00001 each [2]. - The Class A Ordinary Shares will continue to trade under the symbol "UPC" and the same CUSIP number G9442G 138 starting from February 13, 2026 [3]. Group 2: Company Overview - Universe Pharmaceuticals INC is headquartered in Ji'an, Jiangxi, China, and specializes in the production and distribution of traditional Chinese medicine derivatives aimed at the elderly, addressing their physical conditions and promoting general well-being [4]. - The company also distributes biomedical drugs, medical instruments, Traditional Chinese Medicine Pieces, and dietary supplements from third-party manufacturers, with products sold across 30 provinces in China [4].
Big Tree Cloud Holdings Limited Announces Implementation of Class A/B Share Structure and 1-for-20 Share Consolidation
Prnewswire· 2026-02-11 14:15
Core Viewpoint - Big Tree Cloud Holdings Limited has announced the implementation of a dual-class share structure and a 1-for-20 share consolidation, aimed at strengthening its market position and supporting future growth [1] Group 1: Share Consolidation - The company held an extraordinary general meeting on January 30, 2026, where shareholders approved the consolidation of every 20 ordinary shares into one ordinary share [1] - The reverse stock split will not alter any shareholder's percentage interest in the company's outstanding ordinary shares, except for adjustments from rounding up fractional shares [1] - The consolidated shares will begin trading on the Nasdaq Capital Market under the symbol "DSY" on February 12, 2026 [1] Group 2: Dual-Class Share Structure - The authorized share capital has been changed to US$50,000, divided into 25,000,000 shares, comprising 20,000,000 Class A ordinary shares and 5,000,000 Class B ordinary shares [1] - The company has redesignated existing shares, with 3,500,000 shares registered in the name of Ploutos Group Limited becoming Class B shares, while the remaining shares are designated as Class A shares [1] - All outstanding options, warrants, and other securities will be adjusted according to their respective terms following the share consolidation [1] Group 3: Management Commentary - A company spokesperson stated that the share consolidation and dual-class structure are significant milestones designed to support the next phase of growth and provide stability for executing long-term strategies [1] - The measures are intended to strengthen the corporate foundation and enhance governance, focusing on driving innovation and sustainable value for stakeholders [1] Group 4: Company Overview - Big Tree Cloud, founded in 2020, is positioned as an international capital platform focused on industrial integration and strategic investment in China's personal care industry [1] - The company is accelerating its expansion into the AI sector to capture growing market demand for AI skills, injecting fresh momentum into its development [1]
Greenland Technologies (GTEC) - Prospectus(update)
2026-01-14 21:38
As filed with the U.S. Securities and Exchange Commission on January 14, 2026. Registration Statement No. 333-292412 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 1 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 GREENLAND TECHNOLOGIES HOLDING CORPORATION (Exact name of registrant as specified in its charter) | British Virgin Islands | 3537 | N/A | | --- | --- | --- | | (State or other jurisdiction of | (Primary Standard Industrial | (I.R.S. Employ ...
Greenland Technologies (GTEC) - Prospectus
2025-12-23 21:10
As filed with the U.S. Securities and Exchange Commission on December 23, 2025. Registration Statement No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 GREENLAND TECHNOLOGIES HOLDING CORPORATION (Exact name of registrant as specified in its charter) | British Virgin Islands | 3537 | N/A | | --- | --- | --- | | (State or other jurisdiction of | (Primary Standard Industrial | (I.R.S. Employer | | incorporation or ...
J-Star Announces Approval of Dual Class Share Structure by Shareholders
Globenewswire· 2025-12-10 02:19
Core Viewpoint - J-Star Holding Co., Ltd. announced the results of its 2025 general meeting of shareholders, where significant proposals were approved, including a reclassification of shares and an increase in authorized share capital [1][2]. Group 1: Shareholder Meeting Outcomes - Shareholders approved the filing of the Fifth Restated M&A with the Registrar of Companies of the Cayman Islands, expected to occur on December 10, 2025, with trading of re-classified Class A Ordinary Shares anticipated to begin on or around December 11, 2025 [2]. - The Company will undergo a Share Capital Reorganisation, which includes re-designating 17,200,387 issued ordinary shares as Class A Ordinary Shares and creating 6,097,183 Class B Ordinary Shares, each entitled to ten votes [5]. Group 2: Share Capital Changes - The authorized share capital will increase from US$17,500,000 to US$65,000,000, with the creation of additional Class A and Class B Ordinary Shares [5]. - The Company plans to repurchase a total of 6,097,183 Class A Ordinary Shares from specific shareholders and issue an equivalent number of Class B Ordinary Shares [5]. Group 3: Company Overview - J-Star Holding Co., Ltd. is a leading provider of carbon fiber and composite solutions, with over 50 years of experience in the material composites industry, focusing on various applications including sports equipment, healthcare products, and automobile parts [3].
J-Star Announces Approval of Dual Class Share Structure by Shareholders
Globenewswire· 2025-12-10 02:19
Core Viewpoint - J-Star Holding Co., Ltd. announced the results of its 2025 general meeting of shareholders, where significant proposals were approved, including a reclassification of shares and an increase in authorized share capital [1][2]. Group 1: Shareholder Meeting Outcomes - Shareholders approved the filing of the Fifth Restated M&A with the Registrar of Companies of the Cayman Islands, expected to occur on December 10, 2025 [2]. - The re-classified Class A Ordinary Shares are anticipated to commence trading on Nasdaq around December 11, 2025 [2]. Group 2: Share Capital Reorganization - The Company will re-designate and re-classify 17,200,387 issued ordinary shares as Class A Ordinary Shares, maintaining existing rights [5]. - 11,702,430 authorized but unissued Ordinary Shares will also be re-designated as Class A Ordinary Shares [5]. - The Company will cancel 6,097,183 authorized but unissued Ordinary Shares and create an equal number of Class B Ordinary Shares, each entitled to ten votes [5]. - Following the reorganization, the authorized share capital will increase from US$17,500,000 to US$65,000,000, with the creation of additional Class A and Class B Ordinary Shares [5]. Group 3: Adoption of New Governance Documents - The Fifth Amended and Restated Memorandum and Articles of Association will be adopted immediately after the Share Capital Reorganization and Increase of Authorized Share Capital [5]. Group 4: Share Repurchase and Issuance - The Company plans to repurchase 4,888,092 Class A Ordinary Shares from New Moon Corporation and 1,209,091 Class A Ordinary Shares from Mr. Jing-Bin Chiang, issuing an equivalent number of Class B Ordinary Shares to both parties [5].
Happy City Holdings Ltd-A(HCHL) - Prospectus(update)
2025-10-22 12:47
As filed with the U.S. Securities and Exchange Commission on October 22, 2025 Registration No. 333-290792 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________ AMENDMENT NO. 1 TO FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 __________________________________ Happy City Holdings Limited (Exact name of registrant as specified in its charter) __________________________________ | British Virgin Islands | 5812 | Not Applicable | | --- | --- ...