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# One Holder Controls All the Class B Shares. They Just Tripled Their Votes.
- URL: https://www.pennystocks.news/rpgl-one-holder-controls-all-the-class-b-shares-they-just-tr/
- Published: 2026-08-27T19:40:34.000Z
- Updated: 2026-08-27T19:40:34.000Z
- Description: The sole holder of Republic Power's Class B shares voted to triple their per-share voting power and cleared the way to issue a billion more of them. The company is also moving its legal home from the British Virgin Islands to Cayman.
- Author: PennyStocksNews Team
- Tags: nasdaq, ticker-rpgl

All of Republic Power Group's Class B shares are held by a single person or entity. Last week that holder voted to triple the voting power of each share — and to authorize a billion more of them.

Republic Power Group Limited (Nasdaq: RPGL) NASDAQ: RPGL 

The vote took place at an extraordinary general meeting in Singapore on August 24\. The proposal to increase Class B voting rights was, according to the 6-K filed with the SEC on August 25, explicitly conditional on the sole Class B holder's approval. They gave it. Each Class B share now carries **100 votes instead of 30**.

Only about 30,000 Class B shares exist today, set against roughly 16 million Class A shares outstanding, each carrying one vote. The arithmetic of that gap has just shifted considerably. And the bigger change may be structural: before the vote, the company was authorized to issue no more than 62,500 Class B shares in total. After it, that ceiling is **1 billion Class B shares** — a cap that is more than 16,000 times larger than the one it replaced. The total authorized share count now stands at **11 billion**, split between 10 billion Class A and 1 billion Class B. Every new Class B share issued would carry those same 100 votes.

Shareholders also handed the board a standalone mandate to consolidate shares without a further vote. The board may, at its sole discretion, carry out one or more reverse splits at any ratio from 1-for-2 up to **1-for-50**, at any point within **180 days** of the August 24 meeting. If it acts, the articles will be amended to reflect whatever ratio it chooses.

A sixth proposal approved moving the company's legal domicile from the British Virgin Islands to the Cayman Islands, subject to receiving government and regulatory approval, the filing states. A seventh approved the form of Cayman memorandum of association that would take effect on continuation.

Shares closed 16.88% higher at $2.3200 on August 27, after the 6-K was filed, on dollar volume of about $4.9 million across 6,816 trades. Short volume that session was 957,779 shares, equal to 72.69% of reported volume.

The filing does not say who holds the Class B shares, nor does it disclose any plans to issue additional Class B shares or execute a reverse split. The authorization exists; what the board does with it has not been stated.