Ngen Technologies Holdings Corp. (fka NGRP)

[AC7880]

https://ngen-tech.com/investor-relations/

The Authorized shares (AS) will be 3 billion shares.

https://ngen-tech.com/wp-content/uploads/2019/11/LIBERATED-SOLUTIONS-INC-DEF-14C-Typeset-Version-1.pdf

Amend the Company’s articles of incorporation, as amended (the “Articles”), to change our corporate name from Liberated Solutions, Inc. to Ngen Technologies Holdings Corp. (the “Name Change”);

Amend our Articles to effect a reverse stock split of the outstanding shares of Common Stock, by a ratio of one-for-two thousand (1-for-2,000), with any fractional shares being rounded up to the next higher whole share (the “Reverse Stock Split”); and

Immediately after the Reverse Stock Split is effective, amend our Articles to decrease the number of authorized shares of Common Stock from 6,000,000,000 to 3,000,000,000 (the “Authorized Share Decrease” and collectively with the Name Change and the Reverse Stock Split, the “Corporate Actions”).

And on page 9:
REDUCTION IN AUTHORIZED SHARES OF COMMON STOCK
Our Board and the holders of the majority voting power of our issued and outstanding capital stock have approved an amendment to the Articles to reduce the number of authorized shares of our Common Stock from 6,000,000,000 to 3,000,000,000 to reduce possible dilution that could occur to the value of the Common Stock in the future by lowering the number of additional shares of Common Stock that can be issued in the future from authorized shares. As of the Record Date, the Company has 3,715,167,277 shares of Common Stock issued and outstanding.

Also on page 9:
In addition, the Company intends to amend its Articles in order to effect the Authorized Share Decrease. The amendment to effect the Authorized Share Decrease would amend the Articles to decrease the number of authorized shares of Common Stock from 6,000,000,000 to 3,000,000,000. See Appendix A for the text of the Authorized Share Decrease Amendment.


Appendix A:
C. Decrease in Authorized Capital Stock. Immediately after the Reverse Stock Split is effective, the number of authorized shares of common stock of the Corporation shall be decreased from 6,000,000,000 to 3,000,000,000.

"We expect the Corporate Actions to be effective on or about December 9, 2019 (the “Effective Date”). "