MemeStrategy Inc. announced a proposed rights issue, offering one rights share for every two existing shares held, on a non-underwritten basis. The company also plans to increase its authorized share capital. The current authorized share capital is US$3,000,000, divided into 300,000,000 shares. Upon completion of the rights issue, the total issued share capital could reach up to 367,979,269 shares. The proposal is supported by the controlling shareholders, indicating a high likelihood of approval.
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