Thursday, March 23, 2023 9:19:43 AM
On March 3, 2023, following the approval of the Board of Directors of BrewBilt Manufacturing, Inc., a Florida corporation (the “Company”), the Company filed Articles of Amendment to the Company’s Articles of Incorporation (the “Articles of Amendment”) to effect a reverse stock split of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), as of March 10, 2023, 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 also reduces the authorized shares of Common Stock in the same proportion as the Reverse Stock Split, from 15,000,000,000 shares to 50,000,000 shares, shareholder approval is not required to effect the Reverse Stock Split pursuant to Section 607.10025(2) of the FBCA.
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