Beyond Commerce Inc (BYOC)

[KeepItRealistic]

8k

https://www.otcmarkets.com/filing/html?id=14783187&guid=kRMaUHgQ2Mrbv3h


Item 3.03 Material Modification to Rights of Security Holders.

The information set forth in Item 5.03 below is incorporated herein by reference.

Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

On March 2, 2021, Beyond Commerce, Inc. (the “Company”) received confirmation of filing with the Secretary of State of the State of Nevada of a Certificate of Correction, clarifying that the Company’s Certificate of Amendment to its Articles of Incorporation filed on November 16, 2020 effected an increase in the number of shares of common stock authorized, without impacting the number of shares of preferred stock authorized. Additionally, on March 2, 2021, the Company filed with the Secretary of State of the State of Nevada of a Certificate of Correction, clarifying that the Company’s Certificate of Amendment to its Articles of Incorporation filed on April 21, 2020 effected an increase in the number of shares of common stock authorized, without impacting the number of shares of preferred stock authorized.

On March 2, 2021, the Company filed with the Secretary of State of the State of Nevada a Certificate of Amendment effecting the amendment and restatement of its Articles of Incorporation (the “Amended and Restated Articles”). The Amended and Restated Articles reflected amendments that effected (i) the increase of the number of shares of common stock that the Company is authorized to issue to ten billion (10,000,000,000); (ii) the 1-for-1,000,000 reverse stock split of the shares of Series A Preferred Stock, with ratable adjustment to the conversion and voting terms; and (iii) the reduction of the number of shares of preferred stock that the Company is authorized to issue to sixty million four hundred (60,000,400).

On March 5, 2021, the Company filed with the Secretary of State of the State of Nevada a Certificate of Designations, Rights and Preferences for shares of the Company’s Series C Preferred Stock (the “Series C Designations”). The Series C Designations provide for the issuance of up to 50,000,000 shares of Series C Preferred Stock, with each such share convertible into 10,000 shares of the Company’s common stock. The shares of Series C Preferred Stock will vote together with the other classes of stock on an “as-converted” basis, subject to ownership limitations.

The foregoing descriptions of the Amended and Restated Articles and the Series C Designations do not purport to be complete and are qualified in their entirety by reference to the full text of such documents, which are filed as Exhibits 3.1 and 3.2 to this Current Report on Form 8-K and are incorporated herein by reference.