Friday, August 12, 2022 11:46:49 AM
SCHEDULE 14C
https://www.otcmarkets.com/filing/html?id=15725687&guid=1UnwkaGHcQMKJth
Dear Stockholder:
This Information Statement is furnished to holders of shares of common stock, par value $0.001 per share (the “Common Stock”), of Sun Pacific Holding Corp. (the “Company”). Our Board of Directors (the “Board”) approved on February 18, 2022 and recommended the approval by our stockholders, of the following corporate actions (“Corporate Actions”):
1. To approve the increase in authorized share capital to 1,000,000,000 shares of common stock (“Common stock”) (the “Common Stock Authorized Share Capital Increase”);
2. To authorize the Board the Option to effectuate a reverse stock split of our issued and outstanding shares of Common Stock (the “Reverse Stock Split Option”), at the sole discretion of the Board within 12 months of this Information Statement, without the issuance of another Information Statement, within the range of 100:1 through 1000:1.
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