Monday, June 05, 2023 3:25:44 PM
Dear Stockholder:
This Information Statement is furnished to holders of shares of common stock, par value $0.001 per share (the “Common Stock”), of Decentral Life, Inc. (p/k/a Social Life Network, Inc.) (the “Company”). On the Effective Date of May 31, 2023, the Company’s Board of Directors (the “Board”) completed the approval, and recommended the approval by our stockholders by majority consent vote, of the following corporate action (the “Corporate Action”):
To approve an amendment to the Company’s Articles of Incorporation providing for the approval of a reverse stock split of our issued and outstanding shares of Common Stock at a range of 100 to 1 and 50,000 to 1 (the “Reverse Stock Split) at the sole discretion of the Board within 24 months from the date of the Board Resolution approving the Reverse Stock Split.
One of our stockholders, holding over 51% of our voting power on May 31, 2023 (the “Record Date”), approved the Corporate Action by written consent in lieu of a special meeting of stockholders.
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