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Tuesday, April 28, 2020 10:15:37 AM
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Excerpt from the 3/30/20 8-K:
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
Our Board adopted an amendment to our Certificate of Incorporation, and the filing was made in Delaware on March 2, 2020 to change our name to “Nano Magic Inc.” Management requested the change to better convey our business and products to investors and customers.
Item 8.01 Other Events.
Our operations in Ohio, Michigan and Austin, Texas are presently under government orders closing facilities. It is unclear when we can return to normal operations. The individuals comprising our audit team are subject to similar restrictions. The COVID-19 pandemic and government restrictions make it impossible for the Company and its advisors to complete the preparation of the Company’s consolidated financial statements and Form 10K until after March 30, 2020. The Company is relaying on the SEC order dated March 4, 2020 (Release No. 34-88318) to extend the due date for the filing of its Form 10K until April 28, 2020. Management believes that this will provide sufficient time to complete the consolidated financial statements and Form 10K.
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