NIP Group Increases Share Capital at Extraordinary General Meeting
News related to:NIP Group Inc · 1 min read
ABU DHABI, United Arab Emirates, Oct. 16, 2026 /CourierPR/ -- NIP Group Inc., a leading digital entertainment company, announced the results of its extraordinary general meeting (EGM) held in Hong Kong on October 16, 2026. During the meeting, the company passed several resolutions that significantly altered its capital structure.
First, the company's authorized share capital was increased from US$200,000 divided into 2,000,000,000 shares, comprising (i) 1,756,459,263 Class A ordinary shares of a par value of US$0.0001 each, (ii) 148,331,658 Class B1 ordinary shares of the same par value, and (iii) 95,209,079 Class B2 ordinary shares of the same par value. The new authorized share capital will be US$1,000,000 divided into 10,000,000,000 shares, comprising (i) 8,782,296,315 Class A Ordinary Shares, (ii) 741,658,290 Class B1 Ordinary Shares, and (iii) 476,045,395 Class B2 Ordinary Shares. This increase was achieved through the creation of (i) 7,025,837,052 Class A Ordinary Shares, (ii) 593,326,632 Class B1 Ordinary Shares, and (iii) 380,836,316 Class B2 Ordinary Shares.
Second, the Tenth Amended and Restated Memorandum and Articles of Association of the company were amended and restated by the deletion of the Eleventh Amended and Restated Memorandum and Articles of Association in their entirety and by the substitution in their place of the new version, as attached to the Notice of Extraordinary General Meeting.
Lastly, the company resolved to give, make, sign, execute, and deliver all necessary documents and agreements to facilitate the coming into effect of the aforementioned resolutions. The board of directors was granted the authority to take any action deemed necessary or desirable to give effect to the resolutions, including attendance on any filing or registration procedures in the Cayman Islands.
NIP Group, headquartered in Abu Dhabi and operating in the digital entertainment sector, continues to expand its operations and strategic initiatives. The company's focus on Bitcoin mining, compute infrastructure, and global digital entertainment underscores its commitment to innovation and growth in the digital space.