WB Burgers Asia Inc.

05/16/2024 | Press release | Distributed by Public on 05/16/2024 13:05

Material Event - Form 8-K

ITEM 8.01. OTHER EVENTS

On December 7, 2023 we filed a Form 8-K with the Securities and Exchange Commission which, amongst other things, detailed actions we took to move forward with effecting a reverse stock split.

On December 6, 2023, the Company filed a Certificate of Change (the "Certificate") with the Nevada Secretary of State to effect a Reverse Stock Split (the "Stock Split"), whereas every 100 shares of the Company's issued and outstanding Common Stock will be automatically converted into one issued and outstanding share of Common Stock, without any change in the par value per share. The effective date of the Certificate of Change is December 6, 2023. Fractional shares as a result of the Stock Split will be rounded up to the nearest whole number. The Stock Split will affect all shares of the Company's common stock outstanding immediately prior to the effective time of the Stock Split. The Authorized Shares prior and following the Stock Split will remain the same at 5,000,000,000 shares of common stock, par value $0.0001 per share.

The effective date listed on the Certificate of Change, dated December 6, 2023, differs from the Market Effective Date of the Reverse Stock Split, which occurred on April 2, 2024. The FINRA Daily List Announcement Date was on April 1, 2024.

The FINRA corporate action to effect the Reverse Stock Split is now completed. Our new CUSIP number for our shares of Common Stock is 94684P209.

Immediately prior to the Reverse Stock Split, we had 2,072,642,444 shares of Common Stock issued and outstanding. Immediately following the Market Effective Date of the Reverse Stock Split, we have 20,726,425 shares of Common Stock issued and outstanding.

Since we conducted a Reverse Stock Split, a "D" will be placed on our ticker symbol for 20 business days. After 20 business days, the symbol will then change back to WBBA.

If for any reason a stockholder seeks to contact the Company's transfer agent, their contact is as follows:

Olde Monmouth Stock Transfer Co., Inc.

200 Memorial Parkway

Atlantic Highlands, NJ 07716

Phone (732) 872-2727

Fax (732) 872-2728