Bantek, Inc., a Delaware corporation. (the “Company”), hereby notifies our stockholders of record on August 19, 2019 that the majority stockholder holding the majority of the voting power through ownership of 250 shares of our Series A preferred stock has approved, by written consent in lieu of a special meeting on July 15, 2019 the following proposals:
Proposal 1 To amend our Certificate of Incorporation to effect a reverse stock split of the common stock, $.0001 par value, of the Company by a ratio of one-for-one thousand (1:1,000)
Proposal 2 To change the name of the Company to Bantec, Inc.
This Information Statement is first being mailed to our stockholders of record as of the close of business on August 19, 2019. The action contemplated herein will not be effective until September 16, 2019, a date which is at least 20 days after the date on which this Information Statement is first mailed to our stockholders of record. You are urged to read the Information Statement in its entirety for a description of the action taken by the majority stockholders of the Company.
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