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Monday, April 16, 2012 9:11:47 AM
Roadships Holdings, Inc. ("Roadships", "The Company", "we" or "us") was formed in Delaware on June 5, 2006 as Caddystats, Inc. As of March 3, 2009, the Registrant executed a Plan of Exchange between and among the Registrant, Roadships Holdings, Inc. (“Roadships”), a Florida corporation, Roadships America, Inc. (“Roadships Am”), a Florida corporation, the shareholders of Roadships and Roadships Am (collectively, the “Roadships Shareholders”), and the Majority Shareholders of the Registrant (the “CDDY Shareholders”).
The Plan of Exchange Agreement states that Caddystats desires to acquire Roadships and Roadships Am and the Roadships Shareholders desire that Roadships and Roadships Am be acquired by Caddystats. Caddystats would acquire 100% of the capital stock of Roadships and Roadships Am in exchange for a pro rata interest in Caddystats. The agreement of each of the Roadships Shareholders to transfer and surrender their shares shall be independent of the agreement of any other shareholder to transfer and surrender by any other shareholder. The parties intend that the transactions qualify and meet the Internal Revenue Code requirements for a tax free reorganization, in which there is no corporate gain or loss recognized by the parties, with reference to Internal Revenue Code (IRC) sections 354 and 368.
Roadships is current and in good standing with the U.S. Securities and Exchange Commission (SEC), the Canadian Securities Administrators (CSA), the NASDAQ (National Association of Securities Dealers Automated Quotations) Exchange, and the Florida Secretary of State Division of Corporations.
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