ITEM 5.03 AMENDMENTS TO ARTICLES OF INCORPORATION OR BYLAWS; CHANGE IN
FISCAL YEAR.
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On July 11, 2017 (
Effective Date
), on the open of business, a one for one hundred (1/100) reverse stock split
of the issued and outstanding common stock, par value $0.001 per share (
Common Stock
), of Mobetize Corp.
(
Company
) was effected (
Reverse Stock Split
).
On July 10, 2017, the Company filed a certificate of amendment to its Articles of Incorporation (
Articles
) as
amended (
Amendment
) with the Nevada Secretary of State.
The Amendment decreased the number of authorized shares of Common Stock from five hundred and
twenty-five million (525,000,000) shares par value $0.001 to two hundred and fifty million (250,000,000)
shares par value $0.001 and decreased the number of authorized preferred shares (
Preferred Stock
)
from two hundred and fifty million (250,000,000) shares par value $0.001 to seventy-five million
shares (75,000,000) par value $0.001with no change in the number of designated or outstanding Series
A preferred shares or Series B preferred shares.
The Company notified Financial Regulatory Authority, Inc. (
FINRA
) of its intention to effect the Reverse
Stock Split, as required by Rule 10b-17 under the Securities Exchange Act of 1935, as amended. FINRA
determined that the Reverse Stock Split could be effected on July 11, 2017.
On the Effective Date, the Company's trading symbol changed to
MPAYD
for a period of 20 business days,
after which period the Company
s trading symbol will revert to the original symbol of
MPAY.
In connection
with the Reverse Stock Split, the Company's CUSIP number has changed to 607050408. The Company
s
transfer agent is VStock Transfer, LLC.
A copy of the Amendment is attached to this Current Report as Exhibit 3.1 and is incorporated by reference
herein.
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ITEM 7.01
REGULATION FD DISCLOSURE
Attached hereto as Exhibit 99.1, the Company has made available on its corporate website,
http://www.mobetize.com, news for its shareholders and other interested parties in connection with the Reverse
Split and the Amendment.
The information in this Current Report on Form 8-K and the exhibit attached hereto shall not be deemed to be
filed
for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall same be
deemed to be incorporated by reference in any filings under the Securities Act of 1933, as amended, or the
Securities and Exchange Act of 1934, as amended, whether made before or after the date hereof and regardless
of any general incorporation language in any such filings, except to the extent expressly set forth by specific
reference in such filing
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ITEM 9.01