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Crypto Treasury Firm Seeks 20B Share Ceiling

Crypto Treasury Firm Seeks 20B Share Ceiling

Shareholders of Chaince Digital Holdings, a crypto treasury firm, will decide Monday whether to increase the company’s authorized ordinary shares from 1 billion to 20 billion and give its board broad reverse-split authority. The vote comes days after Chaince established an at-the-market program allowing up to $300 million of stock sales.

Approval would give the board substantially wider options for future financing and capital management. Actual share issuance and any reverse split would remain subject to later company action, making Monday’s decision a vote on the scale of that authority.

The authority shareholders are weighing

Proposal Three would create 19 billion additional authorized shares, raising the ceiling to 20 billion,…

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