$SNPW Sun Pacific Holding Corp Announces Filing o
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Posted On: 09/16/2019 9:53:35 AM
$SNPW Sun Pacific Holding Corp Announces Filing of a Form 14C Increasing its Authorized Shares in Settlement of its Convertible Debt with Auctus Fund, LLC
announced that on August 9, 2019, the Company filed a Form 14C with the Securities and Exchange Commission with the shareholders of the Company consenting to an increase in the number of authorized shares as was obligated by contract per the settlement of its convertible debt with Auctus Fund, LLC (“Auctus”). Auctus who still hold warrants of the Company shares required a certain number of shares to be reserved. Their requirement coupled with the Company not also having sufficient authorized shares available to also satisfy EMA Financial, LLC (“EMA”) remaining share balance and warrants created the need for the Company to increase its authorized shares. While the Company has extinguished its convertible debt with Auctus, the Company also hopes to extinguish its remaining convertible debt with EMA in the coming weeks.
https://finance.yahoo.com/news/sun-pacific-ho...00356.html
announced that on August 9, 2019, the Company filed a Form 14C with the Securities and Exchange Commission with the shareholders of the Company consenting to an increase in the number of authorized shares as was obligated by contract per the settlement of its convertible debt with Auctus Fund, LLC (“Auctus”). Auctus who still hold warrants of the Company shares required a certain number of shares to be reserved. Their requirement coupled with the Company not also having sufficient authorized shares available to also satisfy EMA Financial, LLC (“EMA”) remaining share balance and warrants created the need for the Company to increase its authorized shares. While the Company has extinguished its convertible debt with Auctus, the Company also hopes to extinguish its remaining convertible debt with EMA in the coming weeks.
https://finance.yahoo.com/news/sun-pacific-ho...00356.html
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