---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-011130"
form_type: "8-K"
ticker: null
cik: "0001672572"
company_name: "Landbay Inc"
filed_at: "2024-03-25T23:59:59+00:00"
generated_at: "2026-06-04T08:30:04.251354+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Landbay Inc corrects 2021 charter amendment, restores original capital structure

## Summary
- 2021 amendment increased authorized Class A common from 30M to 100M shares and added 20M preferred shares but lacked required Schedule 14C.
- On March 21, 2024, Board and majority shareholders approved a new amendment reversing that, restoring 30M Class A common shares and eliminating preferred stock.
- No shares were issued under the invalid amendment; outstanding shares remained 30M Class A common throughout the period.

## SEC filing metadata
- accession: 0001493152-24-011130
- form_type: 8-K
- cik: 0001672572
- company_name: Landbay Inc
- filed_at: 2024-03-25T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1672572/000149315224011130/0001493152-24-011130-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1672572/000149315224011130/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-011130
- JSON: https://secwatch.observer/filing/0001493152-24-011130.json
- Plain text: https://secwatch.observer/filing/0001493152-24-011130.txt

## Key facts
- Governance Changes
  Landbay Inc: Reversed previous amendment to articles of incorporation, returning authorized shares to 30,000,000 Class A Common and eliminating Preferred Stock (effective 2024-03-21).
  - Change: charter amendment
  - Effective: 2024-03-21
  source text: on March 21, 2024, pursuant to approval of the Company’s Board of Directors and of a vote from a majority of the Company’s shareholders, a new amendment was filed with the State of New York reversing the Previous Amendment and restating the capitalization back to its original 30,000,000 shares of Class A Common Stock and eliminating any reference to Preferred Stock (the “New Amendment”). The New Amendment filed with New York State was effective on March 21, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1672572/000149315224011130/0001493152-24-011130-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.