EX-99.1 3 ex99-1.htm EX-99.1 Exhibit 99.1 Greenpro Capital Corp. Announces 1-for-10 Reverse Stock Split KUALA LUMPUR, Malaysia - August 3, 2026 - Greenpro Capital Corp. (NASDAQ: GRNQ) (“Greenpro” or the “Company”) today announced that it will effect a one-for-ten (1-for-10) reverse stock split of its issued and outstanding common stock, par value $0.0001 (the “Common Stock”) (the “Reverse Stock Split”). The Company’s Common Stock will begin trading on The Nasdaq Capital Market on a split-adjusted basis when the market opens on August 6, 2026 and will continue to trade under the symbol “GRNQ.” The new CUSIP number for the Common Stock following the Reverse Stock Split will be 39540F408. The Reverse Stock Split was previously approved by the Company’s board of directors and by stockholders holding a majority of the voting power of the then-outstanding shares of Common Stock and was described in the Company’s Definitive Information Statement on Schedule 14C dated July 9, 2026, which was mailed to stockholders on or about July 17, 2026. At the effective time of the Reverse Stock Split, every ten (10) shares of Common Stock issued and outstanding immediately prior to the effect…
Open exhibit ↗Current Report · Items 5.03, 7.01, 9.01 · 8-K
Greenpro Capital Corp.
GRNQNASDAQEQUITYCurrent
Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year · Regulation FD Disclosure
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. As previously disclosed in the Definitive Information Statement on Schedule 14C of Greenpro Capital Corp.…
Disclosure sections
Item 5.03Item 5.03 - Amendments to Articles/Bylaws
Item
5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
As
previously disclosed in the Definitive Information Statement on Schedule 14C of Greenpro Capital Corp. (the “Company”) dated
July 9, 2026 (the “Information Statement”), the Company’s board of directors (the “Board”) approved, and
stockholders holding a majority of the voting power of the then-outstanding shares of the Company’s common stock, par value $0.0001
(the “Common Stock”), approved by written consent dated June 18, 2026, an amendment to the Company’s Articles of Incorporation
pursuant to Sections 78.2055, 78.385 and 78.390 of the Nevada Revised Statutes (the “NRS”) to effect a reverse stock split
of the issued and outstanding shares of Common Stock at a ratio of one-for-ten (1-for-10) (the “Reverse Stock Split”). The
Information Statement was mailed to stockholders on or about July 17, 2026.
On
July 13, 2026, the Company filed a Certificate of Amendment to Articles of Incorporation with the Secretary of State of the State of
Nevada to effect the Reverse Stock Split. The Certificate of Amendment will be processed by the Nevada Secretary of State effective at
9:00 p.m. Pacific Time on August 4, 2026. The Reverse Stock Split will become effective for trading purposes at the market opening on
August 6, 2026 (the “Effective Date”), following the expiration of the 20-calendar-day period required by Rule 14c-2 under
the Securities Exchange Act of 1934, as amended, at which time the Company’s Common Stock will begin trading on The Nasdaq Capital
Market on a split-adjusted basis under the symbol “GRNQ.” The new CUSIP number for the Common Stock following the Reverse
Stock Split will be 39540F408.
At
the Effective Time, every ten (10) shares of Common Stock issued and outstanding immediately prior to the Effective Time will automatically,
without any further action on the part of the Company or any holder thereof, be combined into one (1) share of Common Stock. No fractional
shares will be issued in connection with the Reverse Stock Split. If the Reverse Stock Split would result in the issuance of a fraction
of a share of Common Stock, the Company will issue such additional fraction of a share as is necessary to increase the fractional share
to a whole share, such that the number of shares of Common Stock to be received by each holder will be rounded up to the nearest whole
share. The par value of the Common Stock will remain $0.0001, and the total number of shares of capital stock that the Company is authorized
to issue will not be changed by the Reverse Stock Split.
Based
on 18,127,663 shares of Common Stock issued and outstanding as of June 30, 2026, and subject to rounding up of fractional shares and
any issuances, cancellations or other changes in shares outstanding after such date, the Reverse Stock Split would reduce the number
of issued and outstanding shares of Common Stock to approximately 1,812,786 shares.
The
foregoing description of the Certificate of Amendment does not purport to be complete and is qualified in its entirety by reference to
the Certificate of Amendment, a copy of which is filed as Exhibit 3.1 to this Current Report on Form 8-K and is incorporated herein by
reference.
Item 7.01Item 7.01 - Regulation FD Disclosure
Item
7.01 Regulation FD Disclosure.
On
August 3, 2026, the Company issued a press release announcing the Reverse Stock Split described above. The text of the press release
is furnished as Exhibit 99.1 and incorporated herein by reference.
The
information in this Item 7.01 of this Current Report, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed
“filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”),
nor shall it be deemed incorporated by reference in any filing of the Company under the Securities Act of 1933, as amended, or the Exchange
Act, whether made before or after the date hereof, except as shall be expressly set forth by specific reference to this Current Report.
Forward-Looking
Statements
This
Current Report on Form 8-K, including the press release furnished as Exhibit 99.1, contains forward-looking statements within the meaning
of the federal securities laws. Forward-looking statements include, without limitation, statements regarding the Reverse Stock Split,
the expected timing and effects of the Reverse Stock Split, trading of the Common Stock on a split-adjusted basis, the new CUSIP number,
the anticipated number of shares outstanding following the Reverse Stock Split, the Company’s ability to maintain compliance with
Nasdaq listing standards, the potential impact of the Reverse Stock Split on the trading price, liquidity, marketability and investor
perception of the Common Stock, and the Company’s strategic initiatives, including its application for a digital banking license
under the Malaysia Labuan Financial Services Authority framework.
Forward-looking
statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results
to differ materially from those expressed or implied. Factors that could cause actual results to differ materially include risks described
in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, its Quarterly Reports on Form 10-Q, and the Company’s
other filings with the Securities and Exchange Commission. The Company undertakes no obligation to update any forward-looking statement,
except as required by law.