BYOC 8-K
Beyond Commerce, Inc. (BYOC)
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 2, 2020
Beyond Commerce, Inc.
(Exact Name of Registrant as Specified in its Charter)
Nevada
(State or Other Jurisdiction of Incorporation)
000-52490 |
| 98-0512515 |
(Commission |
| (IRS Employer |
3773 Howard Hughes Pkwy, Suite 500, Las Vegas, Nevada, 89169 | ||
(Address of Principal Executive Offices) |
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(702) 675-8022
(Registrant’s Telephone Number, Including Area Code)
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) |
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[ ] | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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[ ] | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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[ ] | 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 |
None |
| 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 8.01 Other Events.
On October 2, 2020, Beyond Commerce, Inc. (the “Company”) announced that its board of directors had determined to discontinue the previously approved reverse stock split and approved increasing the number of shares of common stock that the Company is authorized to issue to 5 billion, subject to approval of the Company’s shareholders.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. |
| Description |
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99.1 |
| Press release issued by the Company dated October 2, 2020.* |
*Filed herewith.
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 hereunto duly authorized.
| BEYOND COMMERCE, INC. | |
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Dated: October 2, 2020 | By: | /s/ Geordan G. Pursglove |
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| Geordan G. Pursglove Chief Executive Officer, President and Director |
Beyond Commerce Provides Corporate Update
Discontinues Proposed Reverse Stock Split
LAS VEGAS, NV / ACCESSWIRE / October 2, 2020 / Beyond Commerce, Inc. (OTC PINK:BYOC) (the "Company"), a provider of B2B internet marketing analytics, technologies and services, announced today that its Board of Directors has determined to discontinue the Company's proposed reverse stock split. The Company's Board of Directors has also approved increasing the number of shares of common stock that the Company is authorized to issue to five billion, with such increase to be effected as soon as is practicable in accordance with applicable law and subject to the approval of the Company's shareholders.
Geordan Pursglove, Beyond Commerce's Chief Executive Officer, stated, "Our Service 800 business is gaining significant traction as demonstrated by our recently awarded contracts from Metrasens and Compass Minerals. Service 800's programs and resources to measure every day customer service and methodology in delivering accurate metrics needed to build and measure an effective customer journey map are needed more than ever as businesses seek to retain customers, which is always easier than finding new customers. Our positive business momentum coupled with our acquisition strategy, with E.G. Insight under Definitive Agreement, is providing solid revenue growth with our eyes on profitability. Our sales pipeline is robust and we are confident in being able to close additional contracts over the coming weeks and months. Accordingly, we have decided not to move forward with the previously proposed reverse stock split."
About Beyond Commerce, Inc.
Beyond Commerce, Inc. (OTC PINK:BYOC) is focused on business combinations of "big data" companies in global B2B internet marketing analytics, technologies and services. The Company's objective is to develop and deploy disruptive strategic software technology that will build on organic growth potential and to exploit cross-selling opportunities. Beyond Commerce plans to offer a
cohesive global digital product and services platform to provide clients with a single point of contact for their big data, marketing and related sales initiatives. For additional information, please visit: https://beyondcommerceinc.com and https://www.service800.com.
Twitter: @incbyoc
Facebook: fb.me/incbyoc
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are subject to the "safe harbor" created by those sections for such statements. All statements other than statements of historical fact are forward-looking statements, which are often indicated by terms such as "anticipate," "believe," "could," "design," "estimate," "except," "forecast," "goal," "intend," "look forward to," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would," or the negatives or other tense of such terms and other similar expressions intended to identify forward-looking statements and similar expressions. We use forward-looking statements to relate to future events, or future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels or activity, performance or achievements expressed or implied by these forward-looking statements.
Contact Information:
[email protected]
P:702-675-8022
ClearThink
[email protected]
SOURCE: Beyond Commerce, Inc.