The authorized reverse split signals management expects the stock to trade below $1.00, a common precursor to Nasdaq delisting. Monitor DarkIris's stock price and any upcoming earnings or operational updates that could trigger the consolidation or indicate financial distress.
Price Chart
Executive Summary
DarkIris Inc. held an extraordinary general meeting on October 6, 2026, where shareholders approved a multi-step share consolidation plan (up to 2,500:1) and amendments to the articles of association increasing Class B share voting power to 200 votes per share. The consolidations are contingent on the stock price falling below $1.00, indicating management is preparing for potential Nasdaq compliance issues.
Key Facts
- Shareholders approved a two-step share consolidation: first 50:1 (if price <$1.00), then another 50:1 (if price still <$1.00 after first consolidation), for a potential total 2,500:1 reverse split.
- Class B ordinary shares will receive 200 votes per share (up from prior ratio), entrenching insider control.
- All six proposals passed with overwhelming support (over 65 million votes for, fewer than 20,000 against each).
- The consolidations are authorized for one year from the EGM date (October 6, 2026).
Financial Impact
No immediate financial impact; the share consolidation is contingent on price falling below $1.00. If triggered, it would reduce outstanding shares by up to 99.96% (2,500:1) but does not change equity value.
Risk Factors
- Potential Nasdaq delisting if the stock price remains below $1.00 and the consolidation is not executed or fails to maintain compliance.
- Massive reverse split (up to 2,500:1) could signal severe financial distress and deter investors.
- Increased insider control via super-voting Class B shares may reduce minority shareholder influence.
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001493152-26-045828 |
| Document: 0001493152-26-045828-index-headers.html | 0001493152-26-045828 |
| Document: 0001493152-26-045828-index.html | 0001493152-26-045828 |
| Document: 0001493152-26-045828.txt | 0001493152-26-045828 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 7d ago | SC 13G/A | $0.0399 $0.0450 | ▲ +12.78% | ▲ +13.96% | $1.85 (+4536.59%) |
Oct 15, 2026 12d ago | SC 13G | $0.0530 $0.0510 | ▼ −3.77% | ▼ −4.20% | $1.85 (+3390.57%) |
Oct 13, 2026 14d ago | SC 13G | $0.0815 | awaiting T+1 | — | $1.85 (+2169.94%) |
Oct 13, 2026 14d ago | SC 13G | $0.0815 | awaiting T+1 | — | $1.85 (+2169.94%) |
Oct 9, 2026 18d ago | 6-K | $0.1433 $0.0857 | ▲ +40.20% | ▲ +40.18% | $1.85 (−1191.00%) |
Oct 9, 2026 18d ago | 424B4 | $0.3424 $0.1433 | ▲ +58.15% | ▲ +58.09% | $1.85 (−440.30%) |
Oct 9, 2026 18d ago | 424B4 | $0.3424 $0.1433 | ▲ +58.15% | ▲ +58.09% | $1.85 (−440.30%) |
Oct 9, 2026 18d ago | EFFECT | $0.3424 $0.1433 | ▲ +58.15% | ▲ +58.09% | $1.85 (−440.30%) |
Oct 6, 2026 21d ago | 6-K | $68.00 $1.67 | ▲ +97.54% | ▲ +97.30% | $1.85 (+97.28%) |
Sep 30, 2026 27d ago | 6-K | $1.57 $1.29 | ▼ −17.83% | ▼ −18.01% | $1.85 (+17.83%) |
US Market Status
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