APT SYSTEMS, INC. (OTCMKTS:APTY) 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 March 9, 2017, following approval by the Board of Directors
and shareholders holding a majority of the voting shares, the
Company filed a Certificate of Amendment with the Delaware
Secretary of State to increase the Companys authorized shares of
common stock to 750,000,000 shares ($0.0001 par value) and to
authorize up to 100,000,000 shares of blank check preferred stock
($0.001 par value).
On March 10, 2017, to a resolution approved by the Companys Board
of Directors, the Company filed a Certificate of Designation with
the Delaware Secretary of State designating up to 1,000,000
shares of Series A Preferred Stock. The Series A Preferred Stock
has 2,000 votes per share and is convertible into shares of the
Companys common stock at a conversion ratio of 2,000 shares of
common stock for each share of preferred stock. The Series A
Preferred Stock has a liquidation preference equal to the
original issue price. This description of the Series A Preferred
Stock is qualified in its entirety by reference to the actual
provisions of the Certificate of Designation.
On March 10, 2017, to a resolution approved by the Companys Board
of Directors, the Company filed a Certificate of Designation with
the Delaware Secretary of State designating up to 1,000,000
shares of Series B Preferred Stock. The Series B Preferred Stock
bears dividends (interest) at an annual rate of six percent (6%)
payable annually and is convertible into shares of the Companys
common stock at a conversion price of 90% of the average closing
sale price for the Companys common stock for the two trading days
prior to conversion. The Series B Preferred Stock may be redeemed
by the Company at any time prior to conversion at its face amount
plus accrued but unpaid dividends. The Series B Preferred Stock
has a liquidation preference equal to the greater of (a) the
value of the common shares into which it could be converted or
(b) its face amount plus accrued but unpaid dividends. The Series
B Preferred Stock is without voting rights except as required by
the Delaware General Corporation Law. This description of the
Series B Preferred Stock is qualified in its entirety by
reference to the actual provisions of the Certificate of
Designation.
Item 8.01 Other Events.
On March 19, 2017, the Board of Directors issued 900,000 shares
of Series A Preferred Stock to Glenda Dowie, in respect of sums
owed to her by the Company in the amount of $1,000, i.e. a per
share purchase price of par value ($0.001 per share), 50,000
Series A Preferred Stock to Joseph Gagnon and Carl Hussey each.
Item 9.01.
Financial Statements and Exhibits
(d) Exhibits.
|
Exhibit No. |
Description |
|
|
3.1 |
Certificate of Amendment to Articles of Incorporation filed |
|
|
3.2 |
Certificate of Designation of Series A Preferred Stock |
|
|
3.3 |
Certificate of Designation of Series B Preferred Stock |
About APT SYSTEMS, INC. (OTCMKTS:APTY)
APT Systems, Inc. is engaged in the creation of stock trading platforms, market scans with indicators, financial applications and visualization solutions for charting the financial markets. The Company is also seeking to acquire and grow other compatible financial technology businesses or software. The Company is involved in providing technical writing and computer assisted design services to other startups using a contractor. The Company focuses on its charting software. The Company’s charting tool and the charts that it produces can be configured to the user’s preferred view, such as a line chart or candlestick chart, and the user shall be able to adjust the chart intervals as the user desires. The Company’s services may include financial software and analytical software development, algorithmic applied technology, trading platform refinement and linking to brokerage accounts, and analytical charting software development. APT SYSTEMS, INC. (OTCMKTS:APTY) Recent Trading Information
APT SYSTEMS, INC. (OTCMKTS:APTY) closed its last trading session up +0.00012 at 0.00230 with shares trading hands.