TAREN POINT, Australia, April 28, 2026 (GLOBE NEWSWIRE) — GMEX Robotics Company (Nasdaq: GMEX) (the “Company”), at present introduced that it’s going to impact a share consolidation of (i) its issued and unissued current Class A peculiar shares, par worth of $0.0128 per share, at a ratio of 1-for-7, with a post-share consolidation par worth of $0.0896, and (ii) its issued and unissued current Class B peculiar shares, par worth of $0.0032, at a ratio of 1-for-28, with a post-share consolidation par worth of $0.0896, efficient on Might 1, 2026 (the “Share Consolidation”). The Firm’s Class A peculiar shares are anticipated to start buying and selling on a post-consolidation foundation on the open of the market session on Might 1, 2026. Upon the market opening on Might 1, 2026, the Firm’s Class A peculiar shares will proceed to be traded on The Nasdaq Capital Market underneath the image “GMEX” with the brand new CUSIP quantity G3514S120. This determination represents a deliberate capital construction optimization, aligning the corporate’s market profile with its vital operational progress and bold future roadmap.
The Share Consolidation was accredited by the Firm’s board of director on April 6, 2026. Pursuant to the BVI Enterprise Firms Act (as amended) and the Firm’s Memorandum and Articles of Affiliation, the Firm’s Board of Administrators is permitted to impact the Share Consolidation with out the approval of the Firm’s shareholders. Accordingly, no shareholder vote, consent or approval is required or might be sought in respect of the Share Consolidation.
As of April 28, 2026, there have been 6,007,099 of the Firm’s Class A peculiar shares excellent and 201,250 Class B peculiar shares excellent. Effecting the Share Consolidation will scale back the excellent Class A peculiar shares to 858,157 and the excellent Class B peculiar shares to 7,188. Because of the Share Consolidation, the Firm is authorised to difficulty a most of twenty-two,321,429 shares of US$0.0896 par worth every divided into (a) 22,033,929 Class A peculiar shares of a par worth of US$0.0896 every; and (b) 287,500 Class B peculiar shares of a par worth of US$0.0896 every.
“We are building a company designed for scale, performance, and sustained value creation,” said Sam Lu, Chief Govt Officer of GMEX Robotics Company. “The Strengthened equity profile provides greater flexibility and a more robust platform for future value-accretive initiatives. This positions us optimally to consider strategic partnerships, acquisitions, or other capital market activities from a position of strength”.
Because of the Share Consolidation, each seven (7) shares of the Firm’s Class A peculiar shares might be robotically consolidated into one (1) Class A peculiar share and each twenty-eight (28) shares of the Firm’s Class B peculiar shares might be robotically consolidated into one (1) Class B peculiar share. Excellent warrants and different excellent fairness rights might be proportionately adjusted to replicate the Share Consolidation. No fractional shares might be issued in reference to the Share Consolidation, and within the occasion {that a} shareholder would in any other case be entitled to obtain a fractional share upon the Share Consolidation, the variety of shares to be obtained by such shareholder might be rounded as much as one peculiar share of the identical class in lieu of the fractional share that will have resulted from the Share Consolidation. Shareholders who’re holding their shares in digital type at brokerage corporations don’t have to take any motion, because the impact of the Share Consolidation will robotically be mirrored of their brokerage accounts.
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The Firm’s switch agent, Vstock Switch LLC, which can be appearing because the alternate agent for the Share Consolidation, will ship directions to shareholders of report who maintain inventory certificates concerning the alternate of their previous certificates for brand spanking new certificates, ought to they want to take action. Shareholders who maintain their shares in brokerage accounts or “street name” aren’t required to take motion to implement the alternate of their shares.
About GMEX Robotics:
Previously generally known as Fitell Company, GMEX Robotics is a expertise firm working on the intersection of shopper well being and superior automation. Constructing on a basis of health tools e-commerce, the Firm is increasing its mission to design and ship AI-driven robotic options that prioritize real shopper wants.
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Ahead-Trying Statements
This press launch comprises “forward-looking statements” inside the which means of Part 21E of the Securities Alternate Act of 1934, as amended. These forward-looking statements are made underneath the “safe harbor” provisions of the U.S. Personal Securities Litigation Reform Act of 1995. All statements aside from statements of historic truth on this press launch are forward-looking statements. These forward-looking statements contain identified and unknown dangers and uncertainties, together with market and different circumstances, and are primarily based on the Firm’s present expectations and projections about future occasions that the Firm believes could have an effect on its monetary situation, outcomes of operations, enterprise technique and monetary wants. Buyers can establish these forward-looking statements by phrases or phrases resembling “may,” “will,” “could,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “propose,” “potential,” “continue” or related expressions. The Firm undertakes no obligation to replace or revise publicly any forward-looking statements to replicate subsequent occurring occasions or circumstances, or adjustments in its expectations, besides as could also be required by regulation. Though the Firm believes that the expectations expressed in these forward-looking statements are affordable, it can’t guarantee you that such expectations will grow to be appropriate, and the Firm cautions buyers that precise outcomes could differ materially from the anticipated outcomes and encourages buyers to evaluation different elements which will have an effect on its future leads to the Firm’s registration assertion and different filings with the Securities Alternate Fee.
