Keemo Fashion Group Ltd.

07/25/2024 | Press release | Distributed by Public on 07/25/2024 11:45

Material Event Form 8 K

ITEM 8.01 OTHER EVENTS

On July 25, 2024, the Company's Board of Directors authorized a ten-for-one (10:1) forward stock split (the "Forward Split") of the Company's common stock, par value $0.001 per share (the "Common Stock"), for shareholders of record as of 5:00 pm (Eastern Time) on August 8, 2024, (the "Record Date"). The forward split was approved by special resolution passed by a majority of the Company's shareholders on the same date.

As a result, once the Forward Split is declared effective by the Financial Industry Regulatory Authority ("FINRA"), the issued and outstanding shares of common stock will increase from 5,500,000 to 55,000,000. Fractional shares will be rounded up to the nearest whole. The effectiveness of the Forward Stock Split is subject to approval by FINRA.

The Company has submitted a notice of company-related action notification through Corporation Action Management System to FINRA regarding the Forward Split. FINRA's approval of the Forward Split is currently pending.

The Company will file a subsequent Current Report on Form 8-K upon receipt of approval from FINRA announcing the effectiveness of the Forward Split.