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Re: Axle-and-Hub post# 11456

Monday, 03/01/2021 11:28:13 AM

Monday, March 01, 2021 11:28:13 AM

Post# of 14873
As a non reporting company the SEC is not involved. It is governed by state law.

Mergers
Mergers are transactions involving the combination of generally two or more companies into a single entity. The need for shareholder approval of a merger is governed by state law. Typically, a merger must be approved by the holders of a majority of the outstanding shares of the target company. Approval of the acquiring company’s shareholders may also be required under certain circumstances (for example, the exchange listing standards may require a shareholder approval if the number of shares of the acquiring company offered as merger consideration exceeds a specified threshold).

https://www.investor.gov/introduction-investing/investing-basics/glossary/mergers

Also the Annual financial report is due 3/31/2021 even on the OTC. Or 15 days later if they file for an extension.


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