NUSTATE ENERGY HOLDINGS, INC. (OTCMKTS:NSEH) Files An 8-K Amendments to Articles of Incorporation or Bylaws; Change in Fiscal YearItem 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
As described in the Company’s Information Statement which was filed with the Securities and Exchange Commission on March 8, 2018, the Company’s stockholders authorized the Company’s Board of Directors to:
| (i) | reverse the Common stock by a ratio of three thousand for one (3,000:1). The board of directors was authorized to implement the reverse stock split. The reverse stock split adjusts the currently issued and outstanding Common shares of the company from 4,457,470,456 Common Shares to a total of 1,485,824 Common Shares. This action will have no effect on the number of Authorized common shares of the Company; and to |
| (ii) | change the name of the Company to Visium Technologies, Inc. |
| (iii) | amendment our Amended and Restated Articles of Incorporation to designate Series AA Convertible Preferred Stock which provides that the Holder shall vote on all matters as a class with the holders of the Company’s Common Stock and shall be entitled to 51% of the common votes on any matters requiring a shareholder vote of the Company. |
On March 5, 2018 the Company filed an amendment to its Articles of Incorporation with the State Department of Corporations in the State of Florida to effect these changes, effective March 1, 2018.
As a result of the Reverse Stock Split, each 3,000 shares of the Company’s issued and outstanding Common Stock automatically, and without any action on the part of the respective holders, will become one (1) issued and outstanding share of Common Stock. No fractional share certificates will be issued in connection with the Reverse Stock Split. The final amount of outstanding common stock after the Reverse Stock Split shall be determined after any fractional shares are rounded up to one share. The Company intends that there will not be a mandatory exchange of certificates; rather, new certificates will be provided in the ordinary course of business.
Section 9- Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Set forth below is a list of exhibits to this Current Report on Form 8-K:
NuSTATE ENERGY HOLDINGS, INC. ExhibitEX-99.1 2 ex99-1.htm NuState Energy Holdings,…To view the full exhibit click here
About NUSTATE ENERGY HOLDINGS, INC. (OTCMKTS:NSEH)
NuState Energy Holdings, Inc., formerly Fittipaldi Logistics, Inc., is a technology company. The Company specializes in providing pertinent, real-time information to the transportation and security industries segments. The Company provides vehicle telematics solutions. The Company’s solutions collect vehicles data, integrate it with information gathered from various separate systems across the supply chain, synthesize it, reformat it into actionable information, and deliver it to end-users across the logistics value chain through Web-based applications. The Company’s offerings include vehicle tracking and trucking. The Company’s software, GPSTrax, is built on an Open Architecture platform for the logistics and telematics industries. The Company’s software technology provides validation and verification of fuel cost consumption reporting and fuel tax credits to logistics companies.