• A Cayman Islands court kept an interim injunction in place, blocking an extraordinary general meeting to amend the company’s articles of association in shareholder litigation tied to its 2025 merger with Perception Capital Corp. IV.
• The court ruled on preliminary issues that changes to class rights must follow the procedures set out in the articles, with the proposed amendments not allowed at this stage.
• Substantive issues were left for trial, leaving the dispute unresolved while the injunction remains in force pending final determination.
• Management signaled it is weighing legal options, including a possible appeal or a request to stay the ruling.

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