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LZ Technology (NASDAQ: LZMH) seeks 300-vote Class A shares and big recap
LZ Technology Holdings Limited (NASDAQ: LZMH) is proposing significant changes to its voting and share structure, including increasing the voting power of Class A ordinary shares from 10 to 300 votes per share, while Class B shares would maintain one vote. The company also plans to expand authorized capital from 2 billion to 80 billion ordinary shares with a par value of US$0.000025, followed by an initial 20-for-1 share consolidation and further consolidations up to a cumulative 5,000:1 over three years. These proposals aim to provide stronger insider voting power and a flexible share structure, and will be voted on at upcoming Class B and extraordinary general meetings scheduled for May 6, 2026.