SRNW DEF_14C posted today, 11/14/2022. This Inf
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Posted On: 11/14/2022 10:22:56 PM
SRNW DEF_14C posted today, 11/14/2022.
This Information Statement is first being mailed to our stockholders of record as of the close of business on November 15, 2022. The action contemplated herein will not be effective until December 4, 2022, a date which is at least 20 days after the date on which this Information Statement is first mailed to our stockholders of record. You are urged to read the Information Statement in its entirety for a description of the action taken by the majority stockholders of the Company.
The Company has received stockholder approval to amend its Articles of Incorporation to effect a 5:1 forward split of our Common Stock. Article 4th of the Amended Articles is expected to be amended to read as follows following the Common Stock Amendment:
“.Forward Stock Split. The effective date of this forward stock split shall be immediately upon the approval by the Financial Industry Regulatory Authority (FINRA) of such corporate action (the “Effective Time”). At the Effective Time, each one (1) share of Common Stock of the Corporation issued and outstanding immediately prior to the Effective Time shall automatically be combined and converted, without any action on the part of the holder thereof, into five (5) shares of fully paid and nonassessable Common Stock of the Corporation (the “Forward Stock Split”). This Forward Stock Split shall be effected on a certificate-by-certificate basis, and no fractional shares shall be issued as a result of this Forward Stock Split. In lieu thereof, the Corporation shall round up in the event a stockholder would be entitled to receive less than one (1) share of Common Stock as a result of the Forward Stock Split.”
This Information Statement is first being mailed to our stockholders of record as of the close of business on November 15, 2022. The action contemplated herein will not be effective until December 4, 2022, a date which is at least 20 days after the date on which this Information Statement is first mailed to our stockholders of record. You are urged to read the Information Statement in its entirety for a description of the action taken by the majority stockholders of the Company.
The Company has received stockholder approval to amend its Articles of Incorporation to effect a 5:1 forward split of our Common Stock. Article 4th of the Amended Articles is expected to be amended to read as follows following the Common Stock Amendment:
“.Forward Stock Split. The effective date of this forward stock split shall be immediately upon the approval by the Financial Industry Regulatory Authority (FINRA) of such corporate action (the “Effective Time”). At the Effective Time, each one (1) share of Common Stock of the Corporation issued and outstanding immediately prior to the Effective Time shall automatically be combined and converted, without any action on the part of the holder thereof, into five (5) shares of fully paid and nonassessable Common Stock of the Corporation (the “Forward Stock Split”). This Forward Stock Split shall be effected on a certificate-by-certificate basis, and no fractional shares shall be issued as a result of this Forward Stock Split. In lieu thereof, the Corporation shall round up in the event a stockholder would be entitled to receive less than one (1) share of Common Stock as a result of the Forward Stock Split.”
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