Blitzway Entertainment Extraordinary Meeting Approves 5:1 Reverse Stock Split for Price Stabilization

Blitzway Entertainment held an extraordinary general meeting on June 19, 2026, approving both the 5:1 reverse stock split and the related amendment to the articles of incorporation.
The reverse split aims to stabilize the stock price and enhance corporate value. Total outstanding shares will decrease from 49,871,911 to 9,974,382, but the capital remains unchanged, meaning no dilution of existing shareholders' equity.
In the short term, a price increase may follow, but investors should note the potential for reduced liquidity and increased volatility post-split.
[AI Summary]The 5:1 reverse stock split of Blitzway Entertainment is a capital-neutral consolidation with no dilution effect on existing shareholders. As a price management measure without fundraising or investment purpose, it carries no direct financial impact.