UNITED STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
14C INFORMATION
INFORMATION
STATEMENT PURSUANT TO SECTION 14(C) OF THE SECURITIES EXCHANGE ACT OF 1934
Check the appropriate box:
[ X]
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Preliminary
Information Statement
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Confidential,
for use of the Commission only (as permitted by Rule 14c-5(d)(2))
[ ]
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Definitive
Information Statement
Cyber
Apps World Inc.
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(Name
of Registrant As Specified In Charter)
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Payment of
Filing Fee (Check the appropriate box):
[X]
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No
fee required.
[
]
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Fee computed on table below per Exchange Act Rules
14c-5(g) and 0-11.
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1)
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Title
of each class of securities to which transaction applies:
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2)
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Aggregate
number of securities to which transaction applies:
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3)
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Per
unit price or other underlying value of transaction computed pursuant to Exchange Act
Rule 0-11 (Set forth the amount on which the filing fee is calculated and state how it
was determined):
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4)
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Proposed
maximum aggregate value of transaction:
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[
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Fee paid previously with preliminary materials.
[
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Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2)
and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement
number, or the Form or Schedule and the date of its filing.
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1)
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Amount
Previously Paid:
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2)
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Form,
Schedule or Registration Statement No:
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PRELIMINARY
INFORMATION STATEMENT SUBJECT TO COMPLETION DATED FEBRUARY 28, 2019
THIS INFORMATION
STATEMENT IS BEING PROVIDED TO
YOU BY THE
BOARD OF DIRECTORS OF CYBER APPS WORLD INC.
WE ARE NOT
ASKING YOU FOR A PROXY AND YOU ARE
REQUESTED NOT
TO SEND US A PROXY
Cyber Apps
World Inc.
N. Nellis
Blvd., Suite A3-146
Las Vegas,
Nevada 89110
INFORMATION
STATEMENT
_______________,
2019
NOTICE OF
STOCKHOLDER ACTION BY WRITTEN CONSENT
GENERAL INFORMATION
To the Holders
of Common Stock of Cyber Apps World Inc.:
This Information
Statement has been filed with the Securities and Exchange Commission and is being furnished, pursuant to Section 14C of the Securities
Exchange Act of 1934, as amended (the “ Exchange Act ”), to the holders (the “ Stockholders ”) of common
stock, par value $0.001 per share (the “common stock”), of Cyber Apps World Inc., a Nevada corporation (the “
Company ”), to notify the Stockholders that on February 27, 2019, the Company received an unanimous written consent from
the holder of a majority of the shares of common stock outstanding (the “majority stockholder”). The majority stockholder
authorized the following amendment (the “Amendment”) to our Certificate of Incorporation: the increase in the number
of authorized shares of common stock from one million one hundred eleven thousand one hundred eleven (1,111,111) shares of common
stock, par value $.001 per share, to two hundred fifty million (250,000,000) shares of common stock, par value $.001 per share
(the “Authorized Share Increase”). The Company currently has no commitments for the issuance of any shares of common
stock or preferred stock, other than as provided for in existing agreements and instruments to which it is a party.
On February
27, 2019, the Board of Directors of the Company (“Board”) approved the Authorized Share Increase and recommended approval
thereof to the majority stockholder. On February 27, 2019, the majority stockholder approved the Authorized Share Increase by
written consent in lieu of a meeting in accordance with Nevada Private Corporations Law (“Nevada Private Corporations Law”).
Accordingly, your consent is not required and is not being solicited in connection with the approval of the Authorized Share Increase.
The proposed
Certificate of Amendment, attached hereto as Exhibit A, will become effective when it has been accepted for filing by the Secretary
of State of the State of Nevada. We anticipate that our Company will file the Certificate of Amendment 20 days after the Definitive
Information Statement is first mailed to our stockholders.
The entire
cost of furnishing this Information Statement will be borne by our Company. We will request brokerage houses, nominees, custodians,
fiduciaries and other like parties to forward this Information Statement to the beneficial owners of our Common Stock held on
the record date.
Our board
of directors has fixed the close of business on _________,, 2019, as the record date for determining the holders of our Common
Stock who are entitled to receive this Information Statement. As of ___________, 2019, there were _________ shares of our Common
Stock issued and outstanding. We anticipate that this Information Statement will be mailed on or about __________ , 2019, to our
stockholders of record.
PLEASE
NOTE THAT THIS IS NOT A REQUEST FOR YOUR VOTE OR A PROXY, BUT RATHER AN INFORMATION STATEMENT DESIGNED TO INFORM YOU OF THE AMENDMENT
TO OUR CERTIFICATE OF INCORPORATION.
INTRODUCTION
Section 320
of the Nevada Private Corporations Law provides that any action required or permitted to be taken at a meeting of the stockholders
may be taken without a meeting if, before or after the action, a written consent thereto is signed by stockholders holding at
least a majority of the voting power, except that if a different proportion of voting power is required for such an action at
a meeting, then that proportion of written consents is required. The Authorized Share Increase would be effected by an amendment
to our Articles of Incorporation, which would require a vote by the majority in interest of the holders of our common stock under
Section 390 of the Nevada Private Corporations Law.
This Information
Statement contains a brief summary of the material aspects of the Authorized Share Increase approved by the Board of the Company
and the holder of 560,000 shares of common stock, who holds a majority of the voting capital stock of the Company.
The Authorized
Share Increase will become effective on the date that we file the Certificate of Amendment for that amendment to the Company’s
Certificate of Incorporation with the Secretary of State of the State of Nevada. We intend to file the Amendment for the Authorized
Share Increase with the Secretary of State of the State of Nevada promptly after the twentieth (20th) day following the date on
which the Definitive Information Statement is mailed to the Stockholders.
SECURITY
OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
The following table sets forth
information regarding the beneficial ownership of the Company’s common stock as of February 27, 2019, for:
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i.
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each person or entity who,
to our knowledge, beneficially owns more than 5% of each class or series of our outstanding stock;
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ii.
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each executive officer and
named officer;
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iii.
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each director; and
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iv.
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all of our officers and directors
as a group.
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Except as indicated in the footnotes
to the following table, the persons named in the table has sole voting and investment power with respect to all shares of common
stock beneficially owned.
Name and Address
of Beneficial Owner Amount and Nature of Beneficial Ownership Percentage of Class (1)
Kat
Consulting Corp.
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560,000
(2)
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50.89
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%
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18124
Wedge Parkway, Suite 1050
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Reno,
NV 89110
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Lyudmyla
Voynarovska
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6,608(3)
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0.60
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%
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Kiev
02183
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Ukraine
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(1)
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Based
on 1,100,468 shares of common stock issued and outstanding as of February 27, 2019.
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(2)
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Kateryna
Malenko, a director and the Secretary of the Company, is the 100% owner of and controls
Kat Consulting Corp.
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(3)
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Lyudmyla
Voynarovska is a director, and the Chief Executive Officer and CEO, of the Company.
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INCREASE
IN THE NUMBER OF AUTHORIZED SHARES OF COMMON STOCK
GENERAL
The number
of authorized shares of our common stock will be increased from one million one hundred eleven thousand one hundred eleven (1,111,111)
shares to two hundred fifty million (250,000,000) shares of common stock, par value $.001 per share.
PURPOSE AND
EFFECT OF INCREASING THE NUMBER OF AUTHORIZED SHARES
The Board
believes the Authorized Share Increase is necessary and advisable in order to maintain our capital raising ability and generally
to maintain our flexibility in today’s competitive and rapidly changing environment. Effective February 19, 2019, our authorized
and issued shares of common stock were subject to a 1:45 reverse split, pursuant to a Certificate of Change filed with the Nevada
Secretary of State on February 1, 2019, that resulted in reduction of the Company’s number of authorized shares of common
stock from 50,000,000 shares to 1,111,111 shares. A total of 1,100,468 shares of common stock were outstanding following the reverse
split. The additional 248,888,889 shares of unissued common stock resulting from the Authorized Share Increase will
be available for issuance by the Board for stock splits or stock dividends, acquisitions, raising additional capital, stock options
or other corporate purposes. The additional shares of common stock could be used for, among other things, technology acquisitions,
strategic partnerships, business combinations and investments, although there are no immediate plans to do so. Assurances cannot
be provided that any such transactions will be consummated on favorable terms or at all, that they will enhance stockholder value
or that they will not adversely affect the Company’s business or the trading price of the common stock. The Board has no
current plans to issue any of the additional shares of common stock that would be authorized by this proposal. The Company does
not anticipate that it would seek authorization from the stockholders for issuance of such additional shares unless required by
applicable law or regulations.
The increase
in the authorized number of shares of common stock and any subsequent issuance of such shares could have the effect of delaying
or preventing a change in control of the Company without further action by the stockholders. Shares of authorized and unissued
common stock could (within the limits imposed by applicable law and stock exchange regulations) be issued in one or more transactions
which would make a change in control of the Company more difficult, and therefore less likely. Any such issuance of the additional
shares of common stock could have the effect of diluting the earnings per share and book value per share of outstanding shares
of common stock, and such additional shares could be used to dilute the stock ownership or voting rights of a person seeking to
obtain control of the Company. The Board is not aware of any attempt to take control of the Company and has not presented this
proposal with the intention that the increase in the number of authorized shares of Common stock be used as a type of antitakeover
device. Any additional common stock, when issued, would have the same rights and preferences as the shares of common stock presently
outstanding.
The Company's
authority to issue up to 10,000,000 shares of Preferred Stock, par value $.001 per share, would remain unchanged by the Amendment
providing for the Authorized Share Increase. Annexed to this Information Statement and marked Exhibit A is the proposed Amendment
to the Articles of Incorporation of the Company.
No Appraisal
Rights
Under the
Nevada Private Corporations Law, stockholders are not entitled to appraisal rights with respect to the Authorized Share Increase,
and the Company will not independently provide stockholders with any such right.
ADDITIONAL
INFORMATION
We are subject
to the disclosure requirements of the Securities Exchange Act of 1934, as amended, and in accordance therewith, file reports,
information statements and other information, including annual and quarterly reports on Form 10-K and 10-Q, respectively, with
the Securities and Exchange Commission (the “ SEC ”). Reports and other information filed by the Company can be inspected
and copied at the public reference facilities maintained by the SEC at Room 1024, 450 Fifth Street, N.W., Washington, DC 20549.
Copies of such material can also be obtained upon written request addressed to the SEC, Public Reference Section, 450 Fifth Street,
N.W., Washington, D.C. 20549 at prescribed rates. In addition, the SEC maintains a web site on the Internet (http://www.sec.gov)
that contains reports, information statements and other information regarding issuers that file electronically with the SEC through
the Electronic Data Gathering, Analysis and Retrieval System.
This Information
Statement is provided to the holders of common stock of the Company only for information purposes in connection with the Authorized
Share Increase, pursuant to and in accordance with Rule 14c-2 of the Exchange Act. Please carefully read this Information Statement.
By Order of
the Board of Directors
/s/
Liudmila Voinarvoska
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Name: Liudmila Voinarovska
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Title: Chief Executive
Officer
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Dated: March , 2019
EXHIBIT
A
CERTIFICATE
OF AMENDMENT TO ARTICLES OF INCORPORATION
FOR
NEVADA PROFIT CORPORATIONS
(Pursuant to NRS 78.385
and 78.390 – After issuance of Stock)
1. Name of corporation:
Cyber Apps World Inc.
2. The articles have been
amended as follows: Section 4.01. Article IV, of the Articles of Incorporation is deleted in its entirety and the following is
substituted therefor:
Article IV
“Section 4.01. The
corporation shall have authority to issue a total of Two Hundred Sixty Million (260,000,000) shares, of which Two Hundred Fifty
Million (250,000,000) shares shall be Common Stock, par value $.001 per share (the "Common Stock"), and Ten Million
(10,000,000) shares shall be Preferred Stock, par value $.001 per share (the "Preferred Stock").”
3. The vote by which the
stockholders holding shares in the corporation entitling them to exercise at least a majority of the voting power, or such greater
proportion of the voting power as may be required in the case of a vote by classes or series, or as may be required by the provisions
of the articles of incorporation have voted in favor of the amendment is: a majority.
__________,
2019
4. Officer Signature: ________________________________________________________
Lyudmila
Voinarovska, President and Chief Executive Officer
Cyber Apps World (PK) (USOTC:CYAP)
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