Attached files
| file | filename |
|---|---|
| EX-99.1 - PRESS RELEASE - Digital Locations, Inc. | dloc_ex991.htm |
| EX-3.1 - CERTIFICATE - Digital Locations, Inc. | dloc_ex31.htm |
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):
February 13, 2020
DIGITAL LOCATIONS, INC. |
(Exact name of registrant as specified in its charter) |
Nevada | 000-54817 | 20-5451302 | ||
(State or other jurisdiction of incorporation or organization) | (Commission File Number) | IRS Employer Identification No.) |
3700 State Street, Suite 350, Santa Santa Barbara, CA | 93105 | |
(Address of Principal Executive Offices) | (Zip Code) |
(805) 456-7000
(Registrant’s telephone number, including area code)
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:
¨ 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 | Ticker 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.
Effective February 14, 2020 (the “Effective Date”), Digital Locations, Inc. (the “Company”) effected a reverse split of its common stock at a ratio of one (1) for two hundred twenty five (225) (the “Reverse Split”) with the filing of a Certificate of Amendment to its Articles of Incorporation (the “Amendment”) with the Secretary of State of Nevada. The Reverse Split was effected in the trading markets on February 18, 2020.
The Amendment provides that, at the Effective Time, every two hundred twenty five shares of the Company’s issued and outstanding common stock will automatically be combined into one issued and outstanding share of common stock, without any change in par value per share. As a result of the Reverse Split, proportionate adjustments will be made to the per share exercise price and/or the number of shares issuable upon the exercise or vesting of all stock options and warrants issued by the Company and outstanding immediately prior to the Effective Time, which will result in a proportionate decrease in the number of shares of the Company’s common stock reserved for issuance upon exercise or vesting of such stock options, restricted stock units and warrants, and, in the case of stock options and warrants, a proportionate increase in the exercise price of all such stock options and warrants. In addition, the number of shares authorized for future grant under the Company’s equity incentive/compensation plans immediately prior to the Effective Time will be reduced proportionately.
The Company’s common stock will begin trading on the OTC Market on a split-adjusted basis under the temporary stock symbol of “DLOCD” on February 18, 2020. The “D” will appear on the Company’s ticker symbol for the next 20 business days. The new CUSIP number for the Company’s common stock following the Reverse Split is 25401M 202.
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 incorporated by reference herein.
Item 7.01. Regulation FD Disclosure.
On February 18, 2020, the Company issued a press release announcing the Reverse Split. A copy of the press release is attached hereto and incorporated herein by reference in its entirety as
Exhibit 99.1
.Item 9.01.
Financial Statements and Exhibits.
(d) Exhibits.
The exhibits listed in the following Exhibit Index are filed as part of this Current Report on Form 8-K.
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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.
DIGITAL LOCATIONS, INC. | |||
Date: February 20, 2020 | By: | /s/ William E. Beifuss, Jr . | |
Name: | William E. Beifuss, Jr. | ||
Title: | President and Chief Executive Officer | ||
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