No immediate trading catalyst. Monitor for any future issuance of the 49,000,000 preferred shares, which could dilute common equity. The board's discretion over preferred share rights introduces uncertainty but no near-term action required.
Price Chart
Executive Summary
Eastern International Ltd. held an Extraordinary General Meeting on June 22, 2026, where shareholders approved the redesignation of 1,000,000 issued preferred shares as Series A preferred shares and adopted a Third Amended and Restated Memorandum and Articles of Association. The authorized share capital remains $50,000, with 49,000,000 preferred shares' rights to be determined by the board. This is a routine governance filing with no immediate financial impact.
Key Facts
- EGM held June 22, 2026, with quorum present
- Shareholders approved redesignation of 1,000,000 issued preferred shares as Series A preferred shares (par value $0.0001 each)
- Shareholders approved adoption of Third Amended and Restated Memorandum and Articles of Association
- Authorized share capital remains $50,000: 450,000,000 ordinary shares, 1,000,000 Series A preferred shares, and 49,000,000 preferred shares with rights to be determined by directors
- Filing date: June 23, 2026
Financial Impact
No direct financial impact; potential future dilution from 49,000,000 preferred shares if issued, but terms are unspecified
Risk Factors
- Potential future dilution from issuance of 49,000,000 preferred shares with terms set by directors
- Governance changes may affect shareholder rights, though details are not material
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001493152-26-029803 |
| Document: 0001493152-26-029803-index-headers.html | 0001493152-26-029803 |
| Document: 0001493152-26-029803-index.html | 0001493152-26-029803 |
| Document: 0001493152-26-029803.txt | 0001493152-26-029803 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 18, 2026 5w ago | SC 13D/A | $0.5150 $1.08 | ▲ +109.71% | ▲ +110.62% | $0.8500 (+65.05%) |
Sep 11, 2026 6w ago | 6-K | $0.5754 $1.01 | ▼ −75.53% | ▼ −73.27% | $0.8500 (−47.72%) |
Jun 23, 2026 18w ago | 6-K | $0.8616 $0.7950 | ▼ −7.73% | ▼ −9.66% | $0.8500 (−1.35%) |
May 22, 2026 22w ago | 6-K | $0.8460 $0.9200 | ▲ +8.75% | ▲ +10.70% | $0.8500 (+0.47%) |
May 20, 2026 22w ago | 6-K | $0.8200 $0.9399 | ▲ +14.62% | ▲ +14.29% | $0.8500 (+3.66%) |
Apr 3, 2026 29w ago | 6-K | $0.9000 $0.8990 | ▼ −0.11% | ▼ −9.09% | $0.8500 (−5.56%) |
US Market Status
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