Ournett Holdings, Inc. (OTCMKTS:ORNT) Files An 8-K Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Item 5.03
|
Amendment to Articles of Incorporation or Bylaws; Change in Fiscal Year. |
Ournett Holdings, Inc. (the Company) has filed a
Certificate of Amendment to its Articles of Incorporation (the
Certificate of Amendment) with the Secretary of
State of the State of Nevada to accomplish the following actions
effective as of November 21, 2016:
| (1) |
To reorganize the capital structure of the Company by increasing the authorized number of shares of common stock, $0.00001 par value per share, from one hundred million (100,000,000) shares to three hundred fifty million (350,000,000) shares of common stock, $0.015 par value per share (the Post-Reorganization Common Stock and such action, the Capital Stock Reorganization); and |
| (2) |
To authorize, a Reverse Stock Split of all issued and outstanding shares of Post-Reorganization Common Stock on a 1-for-10 share basis (the Reverse Stock Split) to occur simultaneously with the effectiveness of the Capital Stock Reorganization. |
The Company is currently waiting for FINRA to approve the trading
of the new shares of Post-Reorganization Common Stock on a post
Reverse Stock Split basis. Upon approval by FINRA, the
Post-Reorganization Common Stock will trade on Reverse Stock
Split-adjusted basis on OTCQB tier of the OTC Markets Group.
The information set forth herein is qualified in its entirety by
the terms contained in the Certificate of Amendment, a copy of
which is attached to this report as Exhibit 3.1.
| Item 9.01 | Financial Statements and Exhibits. |
d) Exhibits
| Exhibit No. | Description |
| 3.1 | Certificate of Amendment to the Articles of Incorporation |
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About Ournett Holdings, Inc. (OTCMKTS:ORNT)
Ournett Holdings Inc, located in New York, New York, is engaged in developing an e-commerce marketplace that connects merchants to consumers by offering primarily goods at a discount through the website, www.ournett.com. The company was incorporated on August 26, 2013. Ournett Holdings, Inc. (OTCMKTS:ORNT) Recent Trading Information
Ournett Holdings, Inc. (OTCMKTS:ORNT) closed its last trading session 00.00 at 1.00 with shares trading hands.
