AVOI 1:100 reverse stock split effective Aug 22; adds 25M preferred shares

Rivulet Entertainment, Inc.

1-for-100 reverse stock split effective August 22, 2023; no fractional shares issued; rounding up.
Authorized preferred shares increased by 25,000,000; total preferred shares now 25,000,000.
New CUSIP: 00767C205; ticker will carry 'D' for 20 business days then revert to AVOI.
Amendment filed with Nevada Secretary of State; majority shareholder approval obtained.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Rivulet Entertainment, Inc.: Certificate of Amendment to Articles of Incorporation authorizing 25,000,000 shares of Preferred Stock and effecting a 1-for-100 reverse stock split (effective 2023-08-22).

Change: charter amendment
Effective: 2023-08-22

Exact text from the filing

the Company has filed a Certificate of Amendment to the Articles of Incorporation with the Nevada Secretary of State indicating the addition of 25,000,000 share of Preferred Stock to our authorized shares and disclosing the reverse share split of 1 share for 100. The effective date of the reverse split is August 22, 2023.

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Source: SEC EDGAR

accession 0001376474-23-000420

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