BrewBilt Manufacturing Inc (BBRW)

[ThoroughBread]

https://www.otcmarkets.com/filing/html?id=15754690&guid=AGawkHVz5DwfJth
Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
The Board of Directors of BrewBilt Manufacturing, Inc., a Florida corporation (the “Company”), has approved a reverse stock split of its common stock, par value $0.001 per share (the “Common Stock”), at a ratio of 1-for-300 (the “Reverse Stock Split”) pursuant to Section 607.10025 of the Florida Business Corporation Act (the “FBCA”). Because the Reverse Stock Split will also reduce the authorized shares of Common Stock in the same proportion as the Reverse Stock Split, from 25,000,000,000 shares to 83,333,333 shares, shareholder approval is not required to effect the Reverse Stock Split pursuant to Section 607.10025(2) of the FBCA.



The Reverse Stock Split will become effective at 5:00 p.m. on April 28, 2022 (the “Effective Date”) pursuant to Articles of Amendment to the Article of Incorporation of the Company (the “Articles of Amendment”) filed by the Company with the Secretary of State of the State of Florida on April 20, 2022. A copy of the Articles of Amendment has been filed as Exhibit 3.1 hereto and is incorporated herein by reference.



Effects of the Reverse Stock Split



Effective Date; Symbol; CUSIP Number. The Reverse Stock Split will become effective with FINRA (the Financial Industry Regulatory Authority) in the marketplace at the open of business on April 29, 2022 (the “Effective Date”), whereupon the shares of Common Stock will begin trading on a split-adjusted basis. On the Effective Date, the Company’s trading symbol will change to “BBRWD” for a period of 20 business, after which the “D” will be removed from the trading symbol. In connection with the Reverse Stock Split, the CUSIP number for the Company’s Common Stock will change to 10756L 207.