Red Giant Entertainment, Inc. (OTCMKTS:REDG) Files An 8-K Entry into a Material Definitive Agreement
ITEM 1.01 – ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
capacity as a majority of shareholders, executed a written
consent authorizing the merger of the Registrant, a Nevada
corporation (REDG-NV), with its wholly-owned Florida subsidiary,
Red Giant Entertainment, Inc. (REDG-FL). REDG-FL is the surviving
corporation after the merger. There were two purposes of the
merger: (1) effect a re-domicile of the Registrant from Nevada to
Florida, and (2) cause a reverse-split of the Registrants class
of common stock.
Merger and made it effective on March 6, 2017 in Nevada and
Florida for corporate law purposes.On March 9, 2017 the Financial
Regulatory Authority (FINRA) notified the Registrant that it has
not completed its second level review of the transaction. On
March 30, 2017, the Registrant learned from FINRA that it intends
to deny the Registrants application for announcement of corporate
action.
written consent, modified the Plan of Merger by vacating
references to the reverse-split and instructed the Registrant to
withdraw the pending application with FINRA and resubmit an
application to FINRA advising it that the Registrant has effected
a re-domicile transaction (without reference to the
reverse-split).
Agreement and Plan of Merger previously filed with the Florida
Division of Corporations to reflect that the share exchange ratio
is one (1) to (1) for common stock and therefore no reverse-split
is effective.
transaction in Item 1.01 above.
|
Exhibit
|
||
|
Number
|
Description
|
|
|
2.1
|
Articles of Correction.
|
About Red Giant Entertainment, Inc. (OTCMKTS:REDG)
Red Giant Entertainment, Inc. is an intellectual property development company. The Company’s operations include publishing, mass media and graphic novel artwork development. The Company has three service offerings: Advertising, Book publishing and Creative. It produces transmedia properties. It publishes comic book format material on the Internet. It also has over 36 titles in its library with thousands of characters. The Company focuses on the development of intellectual properties into various ancillary media forms, including movies, television, video games, phone applications, online comics, toy lines, cartoons, T-shirts and other merchandising opportunities. It has various movies in various stages of production. The Company’s subsidiary, ComicGenesis, LLC, operates a user-generated comic site that hosts over 10,000 independent Web comics. Red Giant Entertainment, Inc. (OTCMKTS:REDG) Recent Trading Information
Red Giant Entertainment, Inc. (OTCMKTS:REDG) closed its last trading session 00.00000 at 0.00010 with 10,000 shares trading hands.
