Datasea Inc. (OTCMKTS:DTSS) Files An 8-K Amendments to Articles of Incorporation or Bylaws; Change in Fiscal YearItem 5.03Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
On April 16, 2018, Datasea Inc. (the “Company”) filed a Certificate of Amendment (the “Certificate of Amendment”) to the Company’s Amended and Restated Certificate of Incorporation (as amended, the “Certificate of Incorporation”) with the Secretary of State of the State of Nevada to effect a 1-for-3 reverse stock split (the “Reverse Stock Split”) of all outstanding common stock of the Company (the “Common Stock”). The Reverse Stock Split will be implemented upon the receipt by the Company of written notice from the Financial Industry Regulatory Authority (“FINRA”) that the Company’s request to process documentation with respect to the Reverse Stock Split to FINRA Rule 6490 has occurred. The Reverse Stock Split and the filing of the Certificate of Amendment were made to the authorization provided by the majority stockholders and the board of directors of the Company by a joint written consent on April 11, 2018.
Upon implementation of the Reverse Stock Split, all of the issued and outstanding shares of Common Stock shall automatically be combined and reclassified such that every three shares of Common Stock shall be combined into one share of Common Stock, and the price of the Company’s publicly-traded Common Stock will be increased in the same proportion. The Reverse Stock Split is being implemented in connection with the Company’s efforts to list its Common Stock on The Nasdaq Capital Market. No assurances can be given that such listing will occur.
The Certificate of Amendment is filed herewith asExhibit 3.1 and is incorporated herein by reference.
| Item 9.01. | Financial Statements and Exhibits. |
(d)Exhibits.
DATASEA INC. Exhibit…To view the full exhibit click here
About Datasea Inc. (OTCMKTS:DTSS)
Datasea Inc. is an early-stage company, which is engaged in the business of providing Internet security products, new media advertising, micro-marketing and data analysis services in the People’s Republic of China. Through its end-consumer marketing platform, the Company seeks to offer marketing solutions to businesses. The Company’s products and services can be delineated into five categories: Internet Security Equipment, New Media Advertising Service, Micro Marketing Service, Internet Service Provider (ISP) Connecting Service and Big Data Processing Service. The Company offers Internet security equipment. The Company has developed over three types of indoor equipment designed for facilities of different sizes and one type of outdoor equipment primarily for use by local branches of the Ministry of Public Security of People’s Republic of China. The Company has developed an electronic platform, Xin Platform. The Company had not generated any revenue.