UMeWorld Inc. has taken a significant step towards enhancing its market presence by approving a reverse stock split. This decision, made by the company's board and stockholders, is aimed at increasing the trading price of its shares in anticipation of a public offering and a potential listing on the Nasdaq Capital Market.

The reverse stock split was authorized through written consent from stockholders holding approximately 56.19% of the company's outstanding voting stock. This approval allows the board to implement a reverse split at a ratio between one-for-three and one-for-ten, with the exact ratio to be determined by the board.

As a company operating in the prepackaged software sector, UMeWorld Inc. is looking to position itself more favorably in a competitive market. The move is expected to make its shares more attractive to a broader range of investors, although it does not guarantee the success of the public offering or the Nasdaq listing.

On November 2, 2026, the board of directors approved the reverse stock split, and on November 3, 2026, the necessary stockholder consent was obtained. The company plans to send out a definitive Information Statement by November 16, 2026, after which the reverse split could take effect as early as December 6, 2026.

The approval of the reverse stock split is a strategic move for UMeWorld Inc., which currently trades under the symbol UMEW in the over-the-counter market. The board believes that increasing the per-share price will support the company's growth objectives and enhance its overall marketability.

UMeWorld Inc. is incorporated in Delaware and operates primarily out of Hong Kong. The company has been working to strengthen its position in the software services industry, and this reverse split is part of its broader strategy to attract investment and improve its financial standing.

Looking ahead, UMeWorld Inc. will proceed with the necessary regulatory processes to implement the reverse split. The board retains the discretion to determine the timing and ratio of the split based on market conditions and the anticipated impact on liquidity.

In conclusion, UMeWorld Inc.'s decision to approve a reverse stock split marks a pivotal moment for the company as it seeks to enhance its market presence and prepare for future growth opportunities. The outcome of this strategic move will depend on the successful execution of the public offering and the anticipated Nasdaq listing.