Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material
December 18 2023 - 7:00AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 14A
Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934
(Amendment No. )
Filed by the Registrant ☒
Filed by a party other than the Registrant ☐
Check the appropriate box:
☐ | Preliminary Proxy Statement |
☐ | Confidential, for Use of the
Commission Only (as permitted by Rule 14a-6(e)(2)) |
☐ | Definitive Proxy Statement |
☒ | Definitive Additional Materials |
☐ | Soliciting Material under §
240.14a-12 |
MEGA MATRIX CORP.
(Name of Registrant as Specified In Its Charter)
N/A
(Name of Person(s) Filing Proxy Statement, if
other than the Registrant)
Payment of Filing Fee (Check all boxes that apply):
☐ | Fee paid previously with preliminary
materials. |
☐ | Fee computed on table in exhibit
required by Item 25(b) per Exchange Act Rules 14a- 6(i)(1) and 0-11 |
MEGA MATRIX CORP.
3000 El Camino Real, Bldg. 4, Suite 200
Palo Alto, California 94306
To the Shareholders of Mega Matrix Corp.:
The 2023 Annual Meeting of
the stockholders of Mega Matrix Corp., a Delaware corporation (the “Company”), which was originally scheduled for December
15, 2023, is now scheduled to take place on December 29, 2023 at 10:00 am (PST) via live audio webcast (https://www.cstproxy.com/megamatrix/2023)
(the “Annual Meeting”). The information in this letter is intended to supplement certain information included in the definitive
proxy statement relating to the Annual Meeting, which was filed with the Securities and Exchange Commission (the “SEC”) on
November 3, 2023 (the “Proxy Statement”).
Reduced Quorum Requirement
In addition to postponing
the Annual Meeting to December 29, 2023 at 10:00 am (PST), the purpose of this letter is to provide new information about the quorum requirement
for the Annual Meeting. On December 16, 2023, our Board of Directors adopted resolutions to amend and restate our Bylaws (the “Bylaw
Amendment”) to provide that the holders of one-third (1/3) our outstanding shares entitled to vote, represented in person or by
proxy, will constitute a quorum at all meetings of our stockholders for the transaction of business (the “Reduced Quorum Requirement”).
Our Bylaws previously required that holders of a majority of our outstanding shares entitled to vote, represented in person or by proxy,
would constitute a quorum at all meetings of stockholders. We adopted the Reduced Quorum Requirement as the vast majority of our stockholders
hold their shares in “street name” brokerage accounts. This means brokers are responsible for voting the shares unless the
underlying stockholder specifically provides instructions to their broker, and many brokers have put in place policies of not voting such
shares on “discretionary” or “routine” matters, thus resulting in an inability of companies such as ours to achieve
quorum. As a result, many of these shares remain unvoted. As a result of our new Reduced Quorum Requirement, we anticipate that we will
be able to hold our Annual Meeting December 29, 2023 and look forward to voting on each of the proposals brought before the Annual Meeting.
Even though we have reduced
the required quorum to one-third (1/3) of the shares outstanding, we nonetheless encourage you to cast your vote, if you have not done
so already.
Additional Information
This letter should be read
in conjunction with the Proxy Statement. We encourage you to read carefully and in its entirety before making a voting decision. To the
extent that information in this letter differs from or updates information contained in the Proxy Statement, the information contained
herein supersedes the information contained in the Proxy Statement.
Your vote is very important. Whether
or not you plan to attend the Annual Meeting, we encourage you to read the Proxy Statement as supplemented hereby, and submit your proxy
or voting instructions as soon as possible. For instructions on how to vote your shares, please refer to the Proxy Statement or, if your
shares are held in street name, the instructions provided by your bank, broker or nominee.
We look forward to seeing
you tomorrow at the Annual Meeting.
|
Sincerely, |
|
|
|
/s/ Yucheng Hu |
|
Yucheng Hu |
|
Chairman, Chief Executive Officer and President |
|
December 18, 2023 |
The Annual Meeting on December 29, 2023 at 10:00
am (PST) may be attended virtually at https://www.cstproxy.com/megamatrix/2023. The proxy statement and annual report on Form 10-K are
available at https://www.cstproxy.com/megamatrix/2023. Additionally, you may access our proxy materials at https://www.sec.gov.
Mega Matrix (AMEX:MTMT)
Historical Stock Chart
From Jun 2024 to Jul 2024
Mega Matrix (AMEX:MTMT)
Historical Stock Chart
From Jul 2023 to Jul 2024