AWCA 8-K
Awaysis Capital, Inc. (AWCA)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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| Title of each class | Trading Symbol(s) | Name of exchange on which registered | ||
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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 5.07 Submission of Matters to a Vote of Security Holders.
On September 13, 2024 (the “Voting Record Date”), in accordance with the applicable provisions of the Delaware General Corporation Law, the Board of Directors of Awaysis Capital, Inc. (the “Company”) adopted resolutions approving the following proposed action (the “Action”):
| 1. | To authorize, but not require, a reverse stock split of the Company’s common stock at a ratio of up to 1-for-20, as determined by the Co-Chief Executive Officers of the Company (the “Reverse Split”), and to adopt and file a Certificate of Amendment to the Company’s Articles of Incorporation, as amended, to reflect the Reverse Split as, if and when effected. |
On the Voting Record Date, the Company had approximately 352 million shares of its common stock outstanding and entitled to vote on the Action. Each share of common stock outstanding as of the close of business on the Voting Record Date was entitled to one vote.
On the Voting Record Date, the Company received a written consent approving the Action from stockholders holding an aggregate of approximately 298 million shares of common stock, representing approximately 84% of the outstanding shares of common stock entitled to vote on the Action.
Item 9.01 Financial Statements and Exhibits.
| Exhibit | Description | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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: September 23, 2024 | ||
| AWAYSIS CAPITAL, INC. | ||
| By: | /s/ Tyler Trumbach | |
| Name: | Tyler Trumbach | |
| Title: | Chief Legal Counsel | |