Gibo Holdings Ltd (GIBO) News & EventsGIBONews & EventsGibo Holdings Ltd

GIBO Holdings Announces Share Consolidation Plan

GIBO Holdings announced the date of effectiveness and the ratio of a forthcoming share consolidation of the Company's ordinary shares. On April 6, the Company's shareholders, at an extraordinary general meeting of the Company, approved to, among other things, authorize the board of directors of the Company, at its absolute and sole discretion, to implement one or more share consolidation, and determine exact consolidation ratio and effective date of such share consolidation during a period of two years following the date of the EGM, provided that the accumulative consolidation ratio for all share consolidation shall not exceed one-hundred for-one. The Company anticipates that beginning with the opening of trading on June 29, the Company's Class A ordinary shares will trade on the Nasdaq Capital Market on a split-adjusted basis and will have a new CUSIP number, G38617133. The share consolidation affects all issued and outstanding ordinary shares of the Company. In addition, the share consolidation reduces the number of Class A ordinary shares issuable upon the exercise of the Company's warrants in proportion to the ratio of the share consolidation and causes a proportionate increase in the exercise prices of such warrants. The Company anticipates that the share consolidation will increase the market price per share of the Company's Class A ordinary shares and will improve the marketability of its shares.

GIBO Holdings Launches Real-Time Rendering Engine and Multi-Model Workspace Module

GIBO Holdings announced the launch of two innovations-the GIBO Real-Time Rendering Engine and the GIBO Multi-Model Workspace Module-as part of its broader GIBO Watch system, an AI-enabled framework designed to support the full lifecycle of short film production, marketing, and monetization.