LIGHTBRIDGE CORPORATION (NASDAQ:LTBR) Files An 8-K Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
On October 14, 2019, Lightbridge Corporation (the “Company”) filed a Certificate of Change with the Secretary of State of Nevada. to the Certificate of Change, the Company effected a one-for-twelve reverse stock split of its outstanding common stock, and the number of authorized shares of common stock was correspondingly reduced from 100,000,000 to 8,333,333. The reverse stock split becomes effective at 12:01 a.m. Pacific Time on October 21, 2019. Any fractional shares resulting from the reverse stock split will be rounded up to the nearest whole share of common stock. The foregoing actions were duly approved by the Company’s Board of Directors, without stockholder approval, to the Nevada Revised Statures. As previously announced, the Company expects its common stock to begin trading on a split-adjusted basis as of Monday, October 21, 2019.
A copy of the Certificate of Change is attached hereto as Exhibit 3.1 and is incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
LIGHTBRIDGE Corp Exhibit
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About LIGHTBRIDGE CORPORATION (NASDAQ:LTBR)
Lightbridge Corporation is a nuclear fuel technology company. The Company participates in the nuclear power industry in the United States and internationally. Its segments include nuclear fuel technology business and nuclear energy consulting business. The nuclear fuel technology business develops next generation nuclear fuel technology that increases the power output of commercial reactors; generates nuclear energy and the amount of nuclear waste on a per-megawatt-hour basis, and enhances reactor safety and the proliferation resistance of spent fuel. The nuclear energy consulting business segment provides nuclear power consulting and strategic advisory services to commercial and governmental entities across the world. It provides integrated strategic advice across a range of areas, including, regulatory development, nuclear reactor site selection, procurement and deployment, reactor and fuel technology, international relations, program management and infrastructure development.
