Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
April 10 2025 - 4:05PM
Edgar (US Regulatory)
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 April 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:
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 14:1 basis (the “Share Consolidation”), which
was approved by the Company’s board of directors on March 12, 2025, and approved by the Company’s shareholders on April 2,
2025. As a result of the Share Consolidation and a share capital increase, each of (i) the 5,444,444,488 authorized Class A ordinary
shares, issued and unissued, in the Company of US$0.18 par value will automatically be consolidated into to 388,888,892 Class A ordinary
shares of US$2.52 par value each, (ii) the 83,333,334 authorized Class B ordinary shares, issued and unissued, in the Company of US$0.18
par value will automatically be consolidated into 5,952,381 Class B ordinary shares of US$2.52 par value each, and (iii) the 27,777,778
authorized and unissued preferred shares in the Company of US$0.18 par value will automatically be consolidated into 1,984,127 preferred
shares of US$2.52 par value each, without any action on the part of the shareholders.
Beginning
with the opening of trading on April 15, 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 G8437S149. No fractional shares
will be issued in connection with the Share Consolidation. Instead, record holders who otherwise would be entitled to receive fractional
shares because they hold a number of shares not evenly divisible by the Share Consolidation ratio will automatically be entitled to receive
an additional fraction of one share of the relevant class to round up to the next whole share. For those beneficial holders who hold
shares through a brokerage firm, the Company intends to round up fractional shares at the participant level. Cash will not be paid for
fractional shares.
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:
April 10, 2025 |
By: |
/s/
Lee Choon Wooi |
|
Name: |
Lee
Choon Wooi |
|
Title: |
Chief
Executive Officer |
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