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
NEXTNRG, INC.: Shareholders authorized amendment of Certificate of Incorporation to effect a reverse stock split (ratio 1:5 to 1:15) and decrease authorized shares of common stock from 500,000,000 to 50,000,000 and preferred stock from 50,000,000 to 5,000,000, with board discretion to implement within one year (effective 2022-12-21).
- Change
- charter amendment
- Effective
- 2022-12-21
Exact text from the filing
On December 21, 2022 (the “Record Date”), the Company obtained written consent from the holders of at least a majority of the issued and outstanding voting securities (the “Shareholders”) of EzFill Holdings, Inc. (the “Company”) approving (i) authorizing the Corporation to amend the Company’s Amended and Restated Certificated Incorporation to effect a reverse stock split of the Company’s common stock by a ratio of not less than 1 for 5 and not more than 1 for 15 (the “Reverse Stock Split”) with the board having the discretion as to whether or not to effect the Reverse Stock Split and with the exact ratio of any Reverse Stock Split to be set at a whole number within the Reverse Stock Split Range determined by the board of the Company provided that if effected the Reverse Stok Split is effected within one year of the Record Date and (ii) authorizing the Board to amend the Company’s Amended and Restated Certificate of incorporation to (a) decrease the authorized shares of common stock tha
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