PREVENTION INSURANCE.COM (OTCMKTS:PVNC) Files An 8-K Material Modification to Rights of Security HoldersItem 3.03 Material Modification to Rights of Security Holders.
Item 8.01. Other Events.
Item 9.01. Financial Statements and Exhibits
On October 4, 2018, the Company filed a Certificate of Amendment to Articles of Incorporation with the Nevada Secretary of State (the “Amendment”) which effectuated the following corporate actions (“Corporate Actions”):
| ● | a reverse split of our outstanding common stock, $0.0001 par value, on a one (1) post-split share for ten (10) pre-split shares basis, and |
| ● | increased our authorized shares of common stock, $0.0001 par value, from 100,000,000 to 200,000,000. |
The Corporate Actions became effective on October 4, 2018 (the “Effective Date”). As it relates to the reverse stock split, on the Effective Date, every 10 shares of issued and outstanding common stock were converted into one share of common stock. No fractional shares will be issued in connection with the reverse stock split. Instead, a holder of record of common stock on the Effective Date who would otherwise be entitled to a fraction of a share will, in lieu thereof, be entitled to receive a whole share of common stock.
The forgoing description is a summary only, does not purport to set forth the complete terms of the Amendment, and is qualified in its entirety by reference to the Amendment filed as Exhibit 3.1(iii) to this Current Report on Form 8-K.
On October 9, 2018, FINRA will be announcing on its Daily List that the Company has effected the above described reverse stock split. As a result of the reverse stock split, the number of issued and outstanding shares of the Company’s common stock was reduced from 22,340,081 to 2,234,465. The Company’s authorized shares will be increased to 200,000,000 shares as a result of the Corporate Action.The new CUSIP number for the Shares will be 741375307.
PREVENTION INSURANCE COM INC ExhibitEX-3.1 2 f8k100418ex3-1iii_prevention.htm CERTIFICATE OF AMENDMENT TO ARTICLES OF INCORPORATION FILED ON OCTOBER 4,…To view the full exhibit click here
About PREVENTION INSURANCE.COM (OTCMKTS:PVNC)
Prevention Insurance.com, formerly Vita Plus Industries, Inc., is a shell company. The Company’s business is to pursue a business combination through acquisition, or merger with, an existing company. The Company may consider acquiring a business, which has recently commenced operations, is a developing company in need of additional funds for expansion into new products or markets, is seeking to develop a new product or service, or is an established business, which may be experiencing financial or operating difficulties and is in need of additional capital. The Company may participate in a business opportunity by purchasing, trading or selling the securities of such business. As of April 30, 2016, the Company had not generated any revenue.