On January 18, 2013, the Company amended its Articles of Incorporation (such amendment, the “Amendment”) to: (a) change the name of the Company to “True Drinks Holdings, Inc.” and (b) increase the total authorized shares of common stock, par value $.001 (the “Common Stock”), of the Company from 200,000,000 shares of Common Stock to 4,000,000,000 shares of Common Stock. The Company previously disclosed information with respect to the Amendment in its Information Statement on Form 14C filed with the Securities and Exchange Commission on December 13, 2012.
In connection with the Amendment, all of the Company’s Series A Convertible Preferred Stock, par value $.001, will automatically be converted into approximately 2,530,399,062 shares of Common Stock.
In addition, on January 18, 2013, following the Amendment, the Company effected a reverse split of the Company’s authorized and issued and outstanding shares of Common Stock on a 100 old for one new basis such that the Company’s authorized Common Stock decreased from 4,000,000,000 to 40,000,000 shares of Common Stock and correspondingly, the Company’s issued and outstanding shares of Common Stock decreased from 2,649,632,531 to 26,496,325 shares of Common Stock.
The name change and reverse split will become effective with the Over-the-Counter Bulletin Board at the opening of trading on January 22, 2013 under the symbol “BAZID”. The “D” will be placed on the Company’s ticker symbol for 20 business days. After 20 business days from January 22, 2013, the Company’s ticker symbol will change from “BAZID” to “TRUU” to better reflect the new name of the Company. Our new CUSIP number is 897837100.
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