Baijiayun Group (RTC) has released an update.
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Baijiayun Group Ltd, an exempted company with limited shares, has adopted its Fourth Amended and Restated Memorandum of Association and Third Amended and Restated Articles of Association effective September 27, 2024. The new amendments include an authorized share capital of US$86,000 divided into two classes of ordinary shares and provide that the company’s business activities are unrestricted but must comply with Cayman Islands laws, particularly regarding licensing and trade within the Islands. The memorandum also clarifies member liability, share capital provisions, and the company’s ability to re-domicile to another jurisdiction.
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