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Posted On: 10/01/2020 5:30:49 PM
Post# of 38830
FPVD another PRE14 https://www.sec.gov/Archives/edgar/data/15187...pre14c.htm : The purpose of this Information Statement is to inform the stockholders of Force Protection Video Equipment Corp. (“us”, “we” “Company” or “our”) that our board of directors (the “Board” and a majority of the voting power of our stockholders have approved the following:
(1)
To amend Article IV of our Articles of Incorporation to increase our authorized common stock from twenty billion (20,000,000,000) shares to one trillion (1,000,000,000,000) shares (the “Amendment”); and
(2)
Approve an amendment to the Company’s Articles of Incorporation to authorize the Board to effect a Reverse Split of the Company’s issued and outstanding Common Stock by a ratio of not less than 1-for-100 and not more than 1-for-1,000,000, with the Board having the discretion as to whether or not the Reverse Split is to be effected at any time prior to September 30, 2021, and with the exact ratio of any reverse split to be set at a whole number within the above range as determined by the Board in its sole discretion. If the Board of Directors moves forward with the Reverse Split, the authorized capitalization of the Company will not change.
(1)
To amend Article IV of our Articles of Incorporation to increase our authorized common stock from twenty billion (20,000,000,000) shares to one trillion (1,000,000,000,000) shares (the “Amendment”); and
(2)
Approve an amendment to the Company’s Articles of Incorporation to authorize the Board to effect a Reverse Split of the Company’s issued and outstanding Common Stock by a ratio of not less than 1-for-100 and not more than 1-for-1,000,000, with the Board having the discretion as to whether or not the Reverse Split is to be effected at any time prior to September 30, 2021, and with the exact ratio of any reverse split to be set at a whole number within the above range as determined by the Board in its sole discretion. If the Board of Directors moves forward with the Reverse Split, the authorized capitalization of the Company will not change.
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