UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE
SECURITIES EXCHANGE ACT OF 1934
For the month of February 2025
Commission File Number: 001-41480
Starbox Group Holdings Ltd.
VO2-03-07,
Velocity Office 2, Lingkaran SV, Sunway Velocity, 55100
Kuala Lumpur, Malaysia
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F ☒ | Form 40-F ☐ |
Starbox Group Holdings Ltd. Announces Share Consolidation
Starbox Group Holdings Ltd., a Cayman Islands company (the “Company”), today announced that the Company plans to effect a consolidation of all of the Company’s (i) authorized issued and unissued Class A ordinary shares, (ii) authorized, issued and unissued Class B ordinary Shares, and (iii) authorized and unissued preferred shares on a 10:1 basis (the “Share Consolidation”), which was approved by the Company’s board of directors on January 31, 2025, and approved by the Company’s shareholders on February 20, 2025. As a result of the Share Consolidation, each of (i) the 543,875,000 authorized Class A ordinary shares, issued and unissued, in the Company of US$0.018 par value will automatically be consolidated into to 54,387,500 Class A ordinary shares of US$0.18 par value each, (ii) the 8,000,000 authorized and issued Class B ordinary shares in the Company of US$0.018 par value will automatically be consolidated into 800,000 Class B ordinary shares of US$0.18 par value each, and (iii) the 3,125,000 authorized and unissued preferred shares in the Company of US$0.018 par value will automatically be consolidated into 312,500 preferred shares of US$0.18 par value each, without any action on the part of the shareholders.
Beginning with the opening of trading on March 3, 2025, the Company’s Class A ordinary shares will trade on a post-Share Consolidation basis on the Nasdaq Capital Market under the same symbol “STBX,” but under a new CUSIP number of G8437S131. No fractional shares will be issued in connection with the Share Consolidation. Any fractional shares resulting from the Share Consolidation shall be rounded up such that each shareholder will be entitled to receive one ordinary share in lieu of the fractional share that would have resulted from the Share Consolidation.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Starbox Group Holdings Ltd. | ||
Date: February 26, 2025 | By: | /s/ Lee Choon Wooi |
Name: | Lee Choon Wooi | |
Title: | Chief Executive Officer |
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