M&A - Mega Matrix Inc

Form Type: 20-F

Filing Date: 2025-03-28

Corporate Action: Merger

Type: Update

Accession Number: 000101376225003608

Filing Summary: Mega Matrix Inc. reports on its annual financial results for the fiscal year ended December 31, 2024, disclosing that on October 8, 2024, it executed a redomicile merger between Mega Matrix Inc. (Cayman Islands) and Mega Matrix Corp. (Delaware), with the latter surviving as a wholly-owned subsidiary of the former. The merger was approved by the stockholders of Mega Matrix Corp. on September 25, 2024. Following the merger, Mega Matrix Inc.'s Class A Shares are listed on the NYSE American under the symbol 'MPU'. The report emphasizes that the company will continue business operations in a manner similar to its past structure and that the same management team will oversee the combined entity. Key stakeholders are now aware of significant risks associated with the company's business and finances, including the need for additional capital, the challenges of user acquisition, and reliance on partnerships with major digital platforms. The document includes details on regulatory compliance and emphasizes the necessity of adapting to diverse market and legal environments across various jurisdictions, which will impact operational strategies moving forward.

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