Woofun AI reports that Chaince Digital Holdings shareholders will decide Monday whether to expand authorized ordinary shares from 1 billion to 20 billion and grant the board broad reverse-split authority.

The vote arrives shortly after the firm established an at-the-market program permitting up to $300 million in stock sales. Proposal Four specifically empowers the board to execute reverse splits through the third anniversary of the Aug. 24 meeting, providing substantial flexibility for future capital management.

Mechanically, the board may implement splits ranging from 2-for-1 to 200-for-1, with a cumulative cap of 4,000-for-1. Approval requires a simple majority of votes cast by eligible ordinary shares, while abstentions, broker non-votes, and uninstructed street-name shares are excluded from the count.

Woofun AI data shows the prospectus illustrates potential dilution by assuming 85,227,272 shares sold at $3.52 against 110,003,800 shares outstanding on Aug. 17. This scenario yields 195,231,072 total shares and $1.71 per-share net-tangible-book-value dilution, excluding 6,164,000 shares from the 2025 equity plan and 42,755,344 shares issuable on warrant exercise.

Proceeds are designated for working capital and general corporate purposes, separate from a preliminary $800 million Bitcoin reserve plan with undetermined funding sources. This marks a significant expansion of financial leverage ahead of major asset accumulation.