Agape ATP shares surge 15.40% premarket after shareholders approve all proposals including $300M stock issuance and 30B share increase.

Agape ATP Corp (NASDAQ:ATPC) surged 15.40% in premarket trading following shareholder approval of key corporate governance and capital structure measures at its annual meeting on January 30. Shareholders ratified the independent auditor, reappointed five directors, authorized a $300 million equity issuance under a Form S-3 registration, approved a reverse stock split of up to one-for-5,000 shares, and increased authorized common shares from 500 million to 30 billion. These approvals, particularly the large-scale capital-raising flexibility and structural changes, signaled strong board and investor alignment, likely boosting market confidence in the company’s strategic direction. The overwhelming vote tallies (e.g., over 29 million in favor for key proposals) underscored stakeholder support, reinforcing perceptions of operational stability and readiness for potential growth initiatives.