Mega Matrix Inc. Announces Share Consolidation of Class A Ordinary Shares

Mega Matrix Inc. (NYSE American: MPU ) (the "Company")today announced that it intends to effect a share consolidation of its ordinary shares at a ratio of 1 post-split ordinary share for every 20 pre-split ordinary shares (the "Share Consolidation") so that every twenty (20) shares issued and outstanding will be combined into one (1) share. The Share Consolidation will become effective at 4:05 p.m. (New York time) on September 15, 2026 (the "Effective Time"). The Company's Class A ordinary shares will continue to be traded on the NYSE American under the symbol "MPU" and will begin trading on a post-consolidation adjusted basis when the market opens on Wednesday September 16, 2026. The CUSIP number for the Company's Class A ordinary shares following the Share Consolidation will be G6005C116. At the Effective Time, the authorised share capital of the Company will be reduced and amended from USD1,110,000 divided into 1,000,000,000 class A ordinary shares of par value USD0.001 each, 50,000,000 class B ordinary shares of par value USD0.001 each, 50,000,000 class C ordinary shares of par value USD0.001 each, and 10,000,000 preferred shares of par value USD0.001 to USD1,110,000 divided into 50,000,000 class A ordinary shares of par value USD0.02 each, 2,500,000 class B ordinary shares of par value USD0.02 each, 2,500,000 class C ordinary shares of par value USD0.02 each, and 10,000,000 preferred shares of par value USD0.001. As a result of the Share Consolidation, the number of issued and outstanding Class A ordinary shares of the Company will be reduced from 62,492,148 pre-consolidation Class A ordinary shares to approximately 3,124,608 post-consolidation Class A ordinary shares, subject to adjustments for rounding. Outstanding warrants and other outstanding equity rights will be proportionately adjusted to reflect the Share Consolidation. No fractional shares will be issued as a result of the Share Consolidation. Instead, any fractional shares that would have resulted from the Share Consolidation will be rounded up to the next whole number. The Share Consolidation is primarily intended to increase the Company's per share trading price in order to maintain its listing on NYSE American. Shareholders holding their shares in book-entry form or in "street name" (through a broker, bank or other holder of record) will have their shares automatically adjusted to reflect the Share Consolidation. Shareholders of record may direct questions concerning the Share Consolidation to the Company's transfer agent, Continental Stock Transfer & Trust Company. About Mega Matrix Inc.: Mega Matrix Inc. (NYSE American: MPU ), a holding company headquartered in Singapore, is executing its strategic expansion into the stablecoin governance tokens treasury reserve strategy and operates FlexTV, a short-video streaming platform and producer of short dramas, through Yuder Pte, Ltd., an indirect wholly owned subsidiary of the Company.