Global Boatworks Holdings, Inc. (OTCMKTS:GBBT) Files An 8-K Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Item 5.03 Amendment to Certificate of Incorporation
On December 13, 2018, FINRA is announcing on its Daily List that Global Boatworks Holdings, Inc. (the “Company”) is to effect a reverse split (“Reverse Stock Split”) of its issued common stock in a ratio of 1-for-1,000 (as previously approved by its shareholders and Board of Directors). The Reverse Stock Split will take effect at the open of business on December 14, 2018. The Company’s symbol will be appended with the letter “D” which will be removed in 20 business days, at which time the symbol will revert back to GBBT. As a result of the Reverse Stock Split, every 1,000 shares of the Company’s issued and outstanding common stock, par value $.0001 per share, will be converted into one (1)share of common stock, par value $.0001 per share, reducing the number of issued and outstanding shares of the Company’s common stock. The Company’s authorized shares will remain unchanged at 5,000,000,000 (Five Billion).The new CUSIP number for the Shares will be 37890X 201.
No fractional shares will be issued in connection with the Reverse Stock Split. Stockholders who otherwise would be entitled to receive fractional shares because they hold a number ofpre-reversestock split shares of the Company’s common stock not evenly divisible by 1,000, will have the number of post-reverse split shares of the Company’s common stock to which they are entitled rounded up to the nearest whole number of shares of the Company’s common stock. No stockholders will receive cash in lieu of fractional shares.
Item 9.01 Exhibits.
Exhibit No.
3.1
Amendment to Articles of Incorporation
Global Boatworks Holdings, Inc. Exhibit
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About Global Boatworks Holdings, Inc. (OTCMKTS:GBBT)
Global Boatworks Holdings, Inc. is a development-stage company. The Company commercializes upscale stationary vessels built on a barge bottom. The Company owns a vessel, the Miss Leah. The Company operates the Miss Leah as a short-term rental in Boston Harbor, Massachusetts. The Miss Leah is a two-story vessel, which is approximately 1,500 square feet under air, and includes two bedrooms, two bathrooms, wood floors throughout, granite countertops, stainless steel appliances and a fireplace. The Miss Leah is docked at Marina Bay in Boston, Massachusetts. Its subsidiary is Global Boatworks, LLC. Its target customers are owners of marinas and other businesses, and individuals seeking rental properties for their customers, corporations seeking a venue for company events and functions, persons seeking a vacation or second home on the water, and individuals seeking to live on a floating vessel with the amenities found in a home. It seeks to sell a floating vessel known as the Luxuria model.
