JACKPOT
2月前
As previously reported in our Current Report on Form 8-K filed on January 3, 2024, on December 27, 2023, we filed a Certificate of Change (the “December 2023 Certificate”) with the Secretary of State of the State of Nevada (the “Nevada Secretary of State”), that purported to implement a reverse stock split to reduce our authorized and outstanding shares of common stock by a ratio of 1 for 6,250 and our authorized and outstanding shares of preferred stock by a ratio of 1 for 10 and make proportional adjustments to our authorized common stock and preferred stock. However, at the time of the filing of December 2023 Certificate, the Company had not yet received approval from the Financial Industry Regulatory Authority to implement the reverse stock split and such approval was not subsequently received. Therefore, on November 25, 2024, we filed a Certificate of Correction (the “Certificate of Correction”) with the Nevada Secretary of State to withdraw the filing of the unauthorized December 2023 Certificate and revert the Company’s authorized and outstanding common stock and preferred stock to 50,000,000,000 authorized shares of common stock and 10,000,000 authorized shares of preferred stock as set forth in the Company’s Certificate of Change filed with the Nevada Secretary of State on December 1, 2023.
JACKPOT
2月前
upon five (5) business days’ notice to the Company. In the event that full payment is not made upon the expiry of a thirty (30) day period, a default penalty equal to 5.0% per month during the period of default in excess of the 10% interest rate will apply to the entire amount of the Note outstanding, including any accrued but unpaid interest. The Lender may then, at its sole discretion, declare the entire then-outstanding principal amount of the Note and any accrued but unpaid interest due thereunder immediately due and payable, in which event the Lender may, at its sole discretion, take any action it deems necessary to recover amounts due under the Note.