Current Report Filing (8-k)
April 25 2022 - 4:06PM
Edgar (US Regulatory)
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2022-04-19
2022-04-19
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the
Securities
Exchange Act of 1934
Date
of Report (Date of earliest event reported): April 19, 2022
CLUBHOUSE
MEDIA GROUP, INC.
(Exact
name of registrant as specified in its charter)
Nevada |
|
333-140645 |
|
99-0364697 |
(State
or other jurisdiction of
incorporation
or organization) |
|
(Commission
File
Number) |
|
(IRS
Employer
Identification
No.) |
3651
Lindell Road, D517
Las
Vegas, Nevada 89103
(Address
of principal executive offices) (Zip code)
(702)
479-3016
(Registrant’s
telephone number, including area code)
N/A
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions (see General Instruction A.2. below):
☐ |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b)) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
N/A |
|
N/A |
|
N/A |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
On
April 19, 2022, Clubhouse Media Group, Inc. (the “Company”) filed Articles of Amendment (the “Amendment”) to
the Company’s Articles of Incorporation (the “Articles”) with the Nevada Secretary of State that had the effect of
increasing the authorized shares of common stock from 500,000,000 to 2,000,000,000.
In
addition, the Amendment had the effect of making certain changes with respect to the vote required for any subsequent changes to the
numbers of authorized shares of classes or series of the Company’s stock. As amended, the Articles provide that, except as otherwise
required by the Nevada Revised Statutes, the Articles, or any designation for a class of preferred stock, (i) all shares of the Company’s
capital stock will vote together as one class on all matters submitted to a vote of the Company’s stockholders, and (ii) the affirmative
vote of a majority of the voting power of all outstanding shares of voting stock entitled to vote in connection with the applicable matter
will be required for approval of such matter. For the avoidance of doubt, the intent of the provisions is, and the operation of the provisions
will be, that, without limitation, (i) in the event that the vote of the Company’s shareholders is otherwise required by the NRS,
the number of authorized shares of common stock may be increased or decreased (but not below the number of shares thereof then outstanding)
by the affirmative vote of the holders of a majority of the Company’s stock entitled to vote irrespective of Section 78.2055 or
Section 78.207 of the NRS, with no vote of any holders of a particular class of stock, voting as a separate class, being required; and
(ii) in the event that the vote of the Company’s shareholders is otherwise required by the NRS, unless otherwise set forth in a
certificate of designations for the applicable class of preferred stock, the number of authorized shares of any class of preferred stock
may be increased or decreased (but not below the number of shares thereof then outstanding) by the affirmative vote of the holders of
a majority of the Company’s stock entitled to vote irrespective of Section 78.2055 or Section 78.207 of the NRS, with no vote of
any holders of a particular class of stock, voting as a separate class, being required. None of these provisions will otherwise affect
or limit the power of the Board to change the number of shares of a class or series of authorized stock by increasing or decreasing the
number of authorized shares of the class or series and correspondingly increasing or decreasing the number of issued and outstanding
shares of the same class or series held by each shareholder without a vote of the shareholders, as set forth in Section 78.207 of the
NRS.
Except
as specifically required by the NRS or as set forth in any designation for a class of preferred stock, the holders of each class of the
Company’s stock are specifically denied the right to vote as a separate class on any proposed Articles amendment that would adversely
alter or change any preference or any relative or other right given to any class or series of outstanding shares.
The
Company’s Board of Directors approved the Amendment on April 18, 2022. As previously disclosed on the Company’s Current Report
on Form 8-K filed with the Securities and Exchange Commission on April 19, 2022, stockholders holding a majority of the Company’s
voting power approved, among other things, the Amendment on April 18, 2022.
The
foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text
of the Amendment, a copy of which is filed as Exhibit 3.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item
9.01 Financial Statement and Exhibits.
(d)
Exhibits
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.
Date:
April 25, 2022 |
CLUBHOUSE
MEDIA GROUP, INC. |
|
|
|
|
By: |
/s/
Amir Ben-Yohanan |
|
|
Amir
Ben-Yohanan |
|
|
Chief
Executive Officer |
Clubhouse Media (PK) (USOTC:CMGR)
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