GMEX Robotics Corporation said it will implement a 1-for-9 reverse stock split of its Class A, Class B and Class C ordinary shares, with the consolidation taking effect when the Nasdaq Capital Market opens on Sept. 28, 2026.
The move was approved by the company's board on Sept. 2, 2026 and will be carried out without a shareholder vote under the BVI Business Companies Act and the firm's governing documents, according to the filing.
Under the consolidation, outstanding Class A ordinary shares will fall from 6,771,947 to roughly 752,439, while Class B holdings will drop from 799 to approximately 89, both subject to fractional-share rounding. No Class C ordinary shares are currently outstanding as of Sept. 17, 2026.
The par value of all share classes will be reduced from $0.8064 to $0.000001 per share. Post-consolidation authorized capital remains unchanged at 1,407,472,426 shares total—composed of 940,677,978 Class A shares, 266,794,448 Class B shares and 200,000,000 Class C shares—all at the new de minimis par value.
Outstanding warrants and equity rights will be proportionately adjusted to reflect the consolidation, and fractional shares will be rounded up to one whole share. Shareholders holding shares electronically through brokerage accounts do not need to take action; their accounts will update automatically, while holders of physical certificates will receive exchange instructions from transfer agent Vstock Transfer LLC.
GMEX Robotics, which trades on Nasdaq under the ticker GMEX and carries a new CUSIP of G3514S161, operates in consumer health and automation technology. The company was formerly known as Fitell Corporation.
