DSG GLOBAL INC. (OTCMKTS:DSGT) Files An 8-K Other Events
Item 8.01 Other Events
On February 11, 2019 our Corporate Actions Committee, appointed by our Board of Directors, approved a resolution to effect a reverse stock split of our authorized and issued and outstanding shares of common stock on a one (1) new for 4,000 old basis. Upon effect of the reverse stock split, our authorized capital will decrease from 3,000,000,000 shares of common stock to 750,000 shares of common stock and correspondingly, our issued and outstanding shall decrease from 2,578,434,224 shares of common stock to approximately 644,609 shares of common stock, all with a par value of $0.001. Our shares of Preferred Stock will remain unchanged.
A Certificate of Change will be filed with the Nevada Secretary of State to give effect to the reverse stock split.
The reverse stock split is currently being reviewed by the Financial Industry Regulatory Authority (FINRA). We will announce the completion of the FINRA review and the effectiveness of the reverse stock split by filing a Current Report on Form 8-K.
About DSG GLOBAL INC. (OTCMKTS:DSGT)
DSG Global, Inc., formerly Boreal Productions Inc., is a technology development company. The Company is engaged in the design, manufacture and marketing of fleet management solutions for the golf industry, as well as commercial, government and military applications. Its principal activities are the sale and rental of global positioning system (GPS) tracking devices and interfaces for golf vehicles and related support services. The Company offers TAG suite of products, which is sold and installed around the world in golf facilities and as commercial applications. The Company focuses on the golf industry where its TAG system is deployed to help golf course operators manage their fleet of golf carts, turf equipment and utility vehicles. It offers TAG system vehicle control functionality and two golfer information display systems: the alphanumeric TEXT and high definition TOUCH. It operates in various regions, including Canada, United Kingdom and the United States.
