Form 8-K - Current report
October 19 2023 - 4:54PM
Edgar (US Regulatory)
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2023-10-12
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported) October 12, 2023
SUGARMADE,
INC.
(Exact
name of registrant as specified in its charter)
Delaware |
|
000-23446 |
|
94-3008888 |
(State
or other jurisdiction |
|
(Commission |
|
(IRS
Employer |
of
incorporation) |
|
File
Number) |
|
Identification
No.) |
20529
E. Walnut Drive N.
Walnut,
CA |
|
91789 |
(Address
of principal executive offices) |
|
(Zip
Code) |
Registrant’s
telephone number, including area code (888) 982-1628
N/A
(Former
name or former address, if changed since last report.)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions (see General Instruction A.2. below):
☐ |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
N/A
|
|
N/A |
|
N/A |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
3.03 Material Modification to Rights of Security Holders.
To
the extent required by Item 3.03 of Form 8-K, the information contained in Item 5.03 of this Current Report on Form 8-K is incorporated
herein by reference.
Item
5.03 Amendment to Articles of Incorporation or Bylaws; Change in fiscal Year.
Sugarmade, Inc. (the “Company”)
filed on October 12, 2023, a Certificate of Amendment to the Certificate of Incorporation of the Company with the Secretary of State
of the State of Delaware (the “Certificate of Amendment”). According to the Certificate of Amendment, the Company
shall effect a 1-for-200 reverse stock split (the “reverse stock split”) of the shares of the Company’s common stock,
par value $0.001 per share (the “Common Stock”), with any fractional shares of Common Stock resulting therefrom being
rounded up to the nearest whole share of Common Stock. Each certificate that immediately prior to the Effective Time represented
shares of pre-split Common Stock (the “Old Certificates”) shall thereafter represent that number of shares of Common
Stock into which the shares of Common Stock represented by the Old Certificate shall have been reclassified, and changed, subject to
the elimination of fractional interests in shares of Common Stock as described above. The Certificate of Amendment was to be effective
October 18, 2023 (the “Effective Time”).
On October 17, the Certificate
of Amendment was corrected by a certificate of correction (the “Certificate of Correction”) to reflect an updated Certificate
of Amendment Effective Time of October 20, 2023.
The
company submitted the reverse stock split plan for review to FINRA and the Reverse Stock Split was announced by FINRA (the Financial
Industry Regulatory Authority) on October 19, 2023, effective within the marketplace at the open of business on October 20, 2023 (the
“Effective Date”), whereupon the shares of common stock will begin trading on a reverse stock split-adjusted basis.
The
foregoing description of the Certificate of Amendment and Certificate of Correction do not purport to be complete and are
qualified in their entirety by reference to the Certificate of Amendment, which is filed as Exhibit 3.1, and the Certificate
of Correction, which is filed as Exhibit and 3.2 to this Current Report on Form 8-K and are incorporated herein
by reference.
Item
9.01 Financial Statements and Exhibits
(d)
Exhibits
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.
Date:
October 19, 2023 |
Sugarmade,
Inc. |
|
|
|
|
By: |
/s/
Jimmy Chan |
|
|
Jimmy
Chan |
|
|
Chief
Executive Officer and Chief Financial Officer |
Exhibit
3.1
Exhibit 3.2
v3.23.3
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