SYMBID CORP. (OTCMKTS:SBID) 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
SYMBID CORP. (OTCMKTS:SBID) Files An 8-K Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
On April 20, 2017, our Board of Directors and stockholders holding 149,863,484 shares of Common Stock, representing 80% of our outstanding voting stock, in accordance with Section 78.320 of the Nevada Revised Statutes, have consented in writing to the following corporate actions:(i) a reverse stock split of our common stock, $0.001 par value per share, at a ratio of not less than 1:40 and not more than 1:80, with authorization to our Board of Directors to determine the exact split ratio within this range, at its discretion (the “Reverse Stock Split’) and (ii) a name change from Symbid Corp. to Sincerity Applied Materials Holdings Corp (the “Name Change”). We will effect the Name Change and the Reverse Stock Split by amending our Articles of Incorporation through the filing of a Certificate of Amendment.
In accordance with Regulation 14C promulgated under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), we will file the definitive Information Statement on Schedule 14C (the “Information Statement”) and will deliver a copy of the Information Statement to our stockholders of record at the close of business on April 20, 2017. The Name Change and the Reverse Stock Split will not become effective until at least 20 calendar days after the first date of the delivery of the Information Statement to all stockholders of record at the close of business on April 20, 2017.
We have notified Financial Regulatory Authority, Inc. (“FINRA”) of these proposed corporate actions, as required by Rule 10b-17 under the Exchange Act and the rules and procedures of FINRA. Promptly following the expiration of the 20-calendar day period referenced above and, subject to FINRA completion of its review, we intend to file the Certificate of Amendment with the Secretary of State of the State of Nevada, which is expected to be prior to or contemporaneously with the announcement of these corporate actions by FINRA on the Daily List.
Item 5.07 Submission of Matters to a Vote of Security Holders
Reference is made to the disclosure set forth under Item 5.03 above, which disclosure is incorporated herein by reference.
About SYMBID CORP. (OTCMKTS:SBID)
Symbid Corp. (Symbid) is a provider of crowdfunding platforms. The Company is engaged in the business of creating and operating online, equity based crowd-funding platforms, through its subsidiary, Symbid Holding B.V. The Company offers an integrated, data driven, online funding network consisting of various products and services, known as The Funding Network. The Company’s Funding Network is intended to give small and medium sized entities (SMEs) direct access to all forms of finance. Symbid B.V. is the operating entity for the Company’s business in the Netherlands. The Company offers stand-alone and white label versions of its crowdfunding platform to partners, companies and other (educational) organizations. Stand-alone versions of the crowdfunding platform operate independently in a closed environment while white label versions are interconnected with its crowdfunding platform allowing for interaction with its platform users. SYMBID CORP. (OTCMKTS:SBID) Recent Trading Information
SYMBID CORP. (OTCMKTS:SBID) closed its last trading session up +0.0350 at 0.0500 with 6,180 shares trading hands.
Symbid Corp. (Symbid) is a provider of crowdfunding platforms. The Company is engaged in the business of creating and operating online, equity based crowd-funding platforms, through its subsidiary, Symbid Holding B.V. The Company offers an integrated, data driven, online funding network consisting of various products and services, known as The Funding Network. The Company’s Funding Network is intended to give small and medium sized entities (SMEs) direct access to all forms of finance. Symbid B.V. is the operating entity for the Company’s business in the Netherlands. The Company offers stand-alone and white label versions of its crowdfunding platform to partners, companies and other (educational) organizations. Stand-alone versions of the crowdfunding platform operate independently in a closed environment while white label versions are interconnected with its crowdfunding platform allowing for interaction with its platform users. SYMBID CORP. (OTCMKTS:SBID) Recent Trading Information
SYMBID CORP. (OTCMKTS:SBID) closed its last trading session up +0.0350 at 0.0500 with 6,180 shares trading hands.
