Quantum X Inc 8-K/A, filed Sep 28, 2023
Quantum X Inc. (QUTX)
About this 8-K/A
Quantum X Inc filed this 8-K/A on September 28, 2023, reporting on events of September 8, 2023.
Items reported
- Item 5.03: Charter or bylaw amendment, or fiscal year change
- Item 9.01: Financial statements and exhibits
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Act of 1934
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Explanatory Note:
This purpose of this amendment to the Registrant’s Current Report on Form 8-K filed on September 11, 2023 is to solely report the effective date of reverse split. All other items remain unchanged from the original filing.
SECTION 5 - CORPORATE GOVERNANCE AND MANAGEMENT
ITEM 5.03 AMENDMENTS TO ARTICLES OF INCORPORATION OR BYLAWS
On August 22, 2023, pursuant to stockholder consent, our Board of Directors authorized an amendment (the "Amendment") to our Certificate of Incorporation, as amended, to affect a reverse stock split of the issued and outstanding shares of our common stock, par value $0.0001, on a 1 for 1,000 basis (the "Reverse Stock Split") with an effective date of September 8, 2023. We filed the Amendment with the Delaware Secretary of State on August 22, 2023. A copy of the Amendment was attached to the Company’s Current Report on Form 8-K as Exhibit 3.1 filed on September 11, 2023.
The Financial Industry Regulatory Authority, Inc. notified us that the Reverse Stock Split would take effect on September 29, 2023 (the "Effective Date").
On the Effective Date, each holder of common stock will receive 1 share of our common stock for each 1,000 shares of our common stock they own immediately prior to the Reverse Stock Split. We will not issue fractional shares in connection with the Reverse Stock Split. Fractional shares will be rounded up to the nearest whole share.
The Common Stock will continue to trade on the OTC Pink Marketplace under the ticker symbol TWOH. The ticker symbol will temporarily be appended with "D" to signify the effectiveness of the Reverse Stock Split for a period of 20 trading days.
This report contains forward-looking statements that involve risks and uncertainties. You should not place undue reliance on these forward-looking statements. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons, including the risks and uncertainties as may be detailed from time to time in our public announcements and filings with the U.S. Securities and Exchange Commission. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made. We do not intend to update any of the forward-looking statements after the date of this report to conform these statements to actual results or to changes in our expectations, except as required by law.
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SECTION 9 – FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
| Exhibit No. | Document | Location | ||
| 3.1 | Certificate of Amendment to the Certificate of Incorporation, As Amended, filed with the Delaware Secretary of State on August 22, 2023. | Incorporated by reference to the Form 8-K filed on September 11, 2023. |
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.
Date: September 28, 2023
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TWO HANDS CORPORATION
By: /s/ Nadav Elituv Chief Executive Officer
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