Hallmark Venture Group 1-for-500 reverse split cuts shares to ~1.24M; Series A Preferred created with super voting

HALLMARK VENTURE GROUP, INC.

Shareholders approved 1-for-500 reverse stock split at special meeting March 4, 2024; effective March 13, 2024.
Outstanding shares reduced from ~10.1 billion to approximately 1.24 million shares after split.
Articles amended to authorize 2.5 billion shares total: 2,499,900,000 common and 200,000 Series A Preferred.
Series A Preferred carries super voting (100,000 votes/share), converts 1:900 to common, and has $4M liquidation preference.
Reverse split and creation of super-voting preferred may concentrate control with preferred holders.

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

HALLMARK VENTURE GROUP, INC.: Amended and restated Articles of Incorporation to effect a 1-for-500 reverse stock split of Common Stock and amend Article IV regarding authorized shares, including creation of Series A Preferred Stock (effective 2024-03-13).

Change: charter amendment
Effective: 2024-03-13

Exact text from the filing

Pursuant to a Special Meeting of shareholders held on March 4, 2024, on March 13, 2024, the Company’s amended and restated Articles of Incorporation adopting the 1:500 Reverse Split of the Company’s Common Stock was accepted by the Florida Secretary of State.

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

HALLMARK VENTURE GROUP, INC. shareholders approved Reverse Split Proposal at the 2024-03-04 meeting.

Proposal: reverse split
Outcome: passed
Meeting: 2024-03-04

Exact text from the filing

the shareholders approved the Reverse Split Proposal based on the following vote tabulation: Votes "For" Votes "Against" Abstentions Broker Non-Votes 10,098,259,679 0 - -

View on SEC.gov

262 governance changes filed in the last 30 days. Browse all governance changes →

HALLMARK VENTURE GROUP, INC. filing history →

Source: SEC EDGAR

accession 0001493152-24-010063

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.