Intercont (Cayman) Limited Announces Extraordinary Shareholder Meeting to Discuss Share Capital Increase and Restructuring

Intercont (Cayman) Limited has announced an extraordinary general meeting of its shareholders, scheduled for January 26, 2026. The primary purpose of this meeting is to vote on several significant proposals aimed at restructuring the company's share capital and share structure. The key proposals include increasing the authorized share capital from US$50,000 to US$100,000, creating two new classes of ordinary shares (Class A and Class B) with differential voting rights, and redesignating existing ordinary shares into these new classes. Additionally, the meeting will address a proposal to consolidate shares if the stock price falls below US$1.00, and to update the company's Memorandum and Articles of Association. These changes are intended to facilitate future growth and adapt to market conditions.