{"id":12254,"date":"2026-08-23T12:31:18","date_gmt":"2026-08-23T12:31:18","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=12254"},"modified":"2026-08-23T12:31:18","modified_gmt":"2026-08-23T12:31:18","slug":"crypto-treasury-firm-seeks-20b-share-ceiling","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=12254","title":{"rendered":"Crypto Treasury Firm Seeks 20B Share Ceiling"},"content":{"rendered":"

<\/p>\n

\n

Shareholders of Chaince Digital Holdings, a crypto treasury firm, will decide Monday whether to increase the company\u2019s authorized ordinary shares from 1 billion to 20 billion and give its board broad reverse-split authority. The vote comes days after Chaince established an at-the-market program allowing up to $300 million of stock sales.<\/p>\n

Approval would give the board substantially wider options for future financing and capital management. Actual share issuance and any reverse split would remain subject to later company action, making Monday\u2019s decision a vote on the scale of that authority.<\/p>\n

The authority shareholders are weighing<\/h2>\n

Proposal Three would create 19 billion additional authorized shares, raising the ceiling to 20 billion, according to the company\u2019s annual-meeting proxy. Authorized shares set the maximum available for issuance under the company\u2019s governing documents; outstanding shares reflect stock already issued.<\/p>\n

Proposal Four would let the board conduct one or more reverse splits through the third anniversary of the Aug. 24 meeting. Each split could range from 2-for-1 to 200-for-1, with the cumulative ratio across all splits under the authority capped at 4,000-for-1. The board would choose whether and when to use that authority.<\/p>\n

\n

Related Reading<\/span><\/p>\n

Zero mining revenue, 98% cash collapse, 2 million mysterious shares sets up miner’s 7 billion share survival play<\/h3>\n<\/p>\n

<\/span> <\/div>\n

Both proposals require an affirmative simple majority of votes cast by eligible ordinary shares represented in person or by proxy. Abstentions and broker non-votes are excluded from votes cast, and brokers cannot vote uninstructed street-name shares on either non-routine proposal.<\/p>\n

The meeting begins at 10:00 a.m. Eastern Time in New York and online. A July 28 SEC amendment set the proxy deadline at Aug. 20 at 11:59 p.m. Eastern Time, correcting the Aug. 21 date in the original materials. Registered holders may still vote at the meeting. People whose shares are held through a broker needed a legal proxy and completed voting document received in advance.<\/p>\n