03/12/2026 | Press release | Distributed by Public on 03/12/2026 15:18
Item 8.01 Other Events
On March 2, 2026, we filed a Definitive Information Statement with the Securities and Exchange Commission (the Commission) for the approval of an Authorized Share Increase by Three Billion Eight Hundred Million (3,800,000,000) shares from Twenty-Seven Billion Five Hundred Million (27,500,000,000) to Thirty-One Billion Three Hundred Million (31,300,000,000) resulting in a total authorized capitalization of 31,320,000,000 shares, including 20,000,000 shares of Preferred Stock
(the "Authorized Share Increase).
On March 12, 2026, a Reverse Stock Split ratio of 100 for 1 was processed by FINRA. As a result of the Reverse Stock Split, on March 12, 2026, our Board of Directors unanimously voted to not proceed with the Authorized Share Increase. The authorized capitalization remains at Twenty-Seven Billion Five Hundred Twenty Million (27,520,000,000) shares, including Twenty-Seven Billion Five Hundred Million (27,500,000,000) common shares and Twenty Million (20,000,000) shares of Preferred Stock