SINGAPORE, Nov. 8, 2024
/PRNewswire/ -- X3 Holdings Co., Ltd. (Nasdaq: XTKG) (the
"Company" or "XTKG"), a global provider of digital
solutions and technology services spanning diverse industries,
today announced that all resolutions presented to the shareholders
at its annual general meeting which held on November 4, 2024 (the "Annual General
Meeting") were duly passed.
The Company will shortly implement and announce the
effectiveness of the Share Consolidation, which was passed by the
shareholders at the Annual General Meeting. The Share Consolidation
is primarily being effectuated to regain compliance with Nasdaq
Marketplace Rule 5550(a)(2) related to the minimum price
per share of the Company's ordinary shares. Immediately after the
Share Consolidation, each shareholder's percentage ownership
interest in the Company will remain unchanged, except for minor
changes and adjustments that will result from the treatment of
fractional shares. The rights and privileges of the holders of
ordinary shares will be substantially unaffected by the Share
Consolidation. No fractional shares will be issued in connection
with the Share Consolidation, in the event that a shareholder would
otherwise be entitled to receive a fractional share upon the Share
Consolidation, the number of shares to be received by such
shareholder will be rounded up to one ordinary share in lieu of the
fractional share that would have resulted from the Share
Consolidation. Shareholders who are holding their shares in
electronic form at brokerage firms do not need to take any action,
as the effect of the Share Consolidation will automatically be
reflected in their brokerage accounts.
The full text of each resolution was included in the Notice of
the Annual General Meeting, which was filed with the Securities and
Exchange Commission on Form 6-K on October 3, 2024. The full text of each resolution
is also available on the Company's website www.x3holdings.com.
Capitalized terms not otherwise defined in this announcement shall
have the meanings assigned to them in the Company's Notice of the
Annual General Meeting dated October 3,
2024.
About X3 Holdings
X3 Holdings Co., Ltd. (Nasdaq: XTKG) is a global provider
of digital solutions and technology services spanning diverse
industries. The Company is operating across diversified business
segments in digital technologies, cryptomining operations,
renewable energy and agriculture technologies. X3 Holdings is
headquartered in Singapore with
subsidiaries and operations globally. For additional information,
please visit www.x3holdings.com.
Safe Harbor Statement
This press release contains forward-looking statements.
Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements that are other than
statements of historical facts. These statements include, among
others, statements regarding the Company's plans to regain
compliance with the minimum bid price requirement. The Company's
actual results may differ materially from those expressed in any
forward-looking statements as a result of various factors and
uncertainties. The reports filed by the Company with the Securities
and Exchange Commission discuss these and other important factors
and risks that may affect the Company's business, results of
operations and financial conditions. For these reasons, among
others, investors are cautioned not to place undue reliance upon
any forward-looking statements in this press release. The Company
undertakes no obligation to publicly revise these forward-looking
statements to reflect events or circumstances that arise after the
date hereof.
Website:
www.x3holdings.com
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SOURCE X3 Holdings Co., Ltd.