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Monday, December 28, 2020 8:17:36 PM
Item 5.03 Amendments to Articles of Incorporation or By-Laws; Change in Fiscal Year.
On November 24, 2020, Quture International, Inc. (the “Company”), amended its articles of incorporation change its name to Born Inc. (the “Name Change”). [url]The change was made in anticipation of entering into a new line of business operations.
Also on November 24, 2020, the Company amended its articles of incorporation to reverse split its common stock at a rate of 1 for 1,000 (the “Reverse”).
Item 8.01. Other Events
On December 1, 2020, FINRA declared the Name Change and the Reverse effective. Also on December 1, 2020, the Company was informed by FINRA that the Company’s ticker symbol would be changed to BRRN in twenty business days.
Seems like upon effecting the name change that was made in anticipation of entering a new line of business, that they might inform shareholders of said new line of business. That alone would be exciting especially since it moved quickly from $2.45 to over $6.00 on no news at all.
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