SINGAPORE, Dec. 20,
2024 /PRNewswire/ -- Mega Matrix Inc. (NYSE
American: MPU or "Company") today announced the results of its
2024 Annual General Meeting, which was held virtually on
December 20, 2024 10:00 a.m. PT.
At the 2024 Annual General Meeting, the Company's
shareholders:
(1) approved a proposal, as an ordinary
resolution, to elect four (4) persons to the board of directors of
the Company, each to serve until the next annual general meeting of
shareholders of the Company or until such person shall resign, be
removed or otherwise leave office;
(2) approved a proposal, as an ordinary
resolution, to confirm and ratify the appointment of Audit Alliance
LLP as the independent registered public accounting firm for the
fiscal year ending December 31, 2024;
and
(3) approved a proposal, as a special
resolution, that the title to Class A ordinary shares listed on
NYSE American in the United States of
America for so long as the Company's Class A ordinary shares
are there listed and any other stock exchange on which the
Company's Class A ordinary shares are listed for trading (the
"Designated Stock Exchange"), may be evidenced and transferred in
accordance with the laws applicable to the rules and regulations of
the Designated Stock Exchange and, for these purposes, the register
of members of the Company may be maintained in accordance with
section 40B of the Companies Act
(Revised) of the Cayman
Islands.
About Mega Matrix Inc.: Mega Matrix Inc. (NYSE
American: MPU) is a holding company and operates FlexTV, a
short-video streaming platform and producer of short dramas,
through its subsidiary, Yuder Pte, Ltd. Mega Matrix
Inc. is a Cayman Island corporation headquartered
in Singapore. For more information, please
contact info@megamatrix.io or
visit: http://www.megamatrix.io.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the "safe harbor" provisions of the United States
Private Securities Litigation Reform Act of 1995. All statements in
this press release other than statements that are purely historical
are forward looking statements.
When used in this press release, the words "estimates,"
"projected," "expects," "anticipates," "forecasts," "plans,"
"intends," "believes," "seeks," "may," "will," "should," "future,"
"propose," and variations of these words or similar expressions (or
the negative versions of such words or expressions) are intended to
identify forward-looking statements.
These forward-looking statements are not guarantees for future
performance, conditions or results, and involve a number of known
and unknown risks, uncertainties, assumptions and other important
factors, many of which are outside the Company's control, that
could cause actual results or outcomes to differ materially from
those discussed in the forward-looking statements.
Important factors, among others, are: the ability to manage
growth; ability to identify and integrate future acquisitions;
ability to grow and expand our FlexTV business; ability to execute
the strategic cooperation with TopReels, ability to obtain
additional financing in the future to fund capital expenditures;
ability to establish the investment fund with 9Yards Communications
under the memorandum of understanding; fluctuations in general
economic and business conditions; costs or other factors adversely
affecting the Company's profitability; litigation involving
patents, intellectual property, and other matters; potential
changes in the legislative and regulatory environment; a pandemic
or epidemic; the possibility that the Company may not
succeed in developing its new lines of businesses due to, among
other things, changes in the business environment, competition,
changes in regulation, or other economic and policy factors; and
the possibility that the Company's new lines of business may be
adversely affected by other economic, business, and/or competitive
factors.
The forward-looking statements in this press release and the
Company's future results of operations are subject to additional
risks and uncertainties set forth under the "Risk Factors" in
documents filed by the Company's predecessor, Mega Matrix
Corp., with the Securities and Exchange Commission, including
the Company's latest annual report on Form 10-K, as amended, and
are based on information available to the Company on the date
hereof.
In addition, such risks and uncertainties include the Company's
inability to predict or control bankruptcy proceedings and the
uncertainties surrounding the ability to generate cash proceeds
through the sale or other monetization of the Company's
assets. The Company undertakes no obligation to update or revise
any forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by
applicable law. Readers are cautioned not to place undue reliance
on forward-looking statements, which speak only as of the date of
this press release.
Disclosure Channels
We announce material information about the Company and its
services and for complying with our disclosure obligation under
Regulation FD via the following social media channels:
(X/Twitter) x.com/MegaMatrixMPU
Facebook: facebook.com/megamatrixmpu
facebook.com/flextvus
LinkedIn: linkedin.com/company/megamatrixmpu
TikTok: tiktok.com/@flextv_english
YouTube: youtube.com/@FlexTV_English
The Company will also use its landing page on its corporate
website (www.megamatrix.io) to host social media disclosures
and/or links to/from such disclosures. The information we post
through these social media channels may be deemed material.
Accordingly, investors should monitor these social media channels
in addition to following our website, press
releases, SEC filings and public conference calls and
webcasts. The social media channels that we intend to use as a
means of disclosing the information described above may be updated
from time to time as listed on our website.
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SOURCE Mega Matrix Corp.