Tego Cyber doubles authorized common stock to 100M shares via amendment

Tego Cyber, Inc.

Board approved and majority stockholders (50.55% of voting stock) consented to increase authorized common stock from 50M to 100M shares.
Amendment to Articles of Incorporation filed May 19, 2023, effective May 22, 2023; par value remains $0.001.
No immediate change in shares outstanding; increase provides flexibility for future financing or acquisitions.

item 5.03 item 9.01

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

Tego Cyber, Inc.: Increase in authorized common stock from 50,000,000 to 100,000,000 shares (effective 2023-05-22).

Change: charter amendment
Effective: 2023-05-22

Exact text from the filing

approved an amendment to Articles of Incorporation (the “Articles”) to increase the Company’s authorized Common Stock from 50,000,000 to 100,000,000 (the “Share Increase Amendment”). Subsequently, on April 14, 2023, the Company received a written consent in lieu of a meeting of Stockholders from the Majority Stockholders approving the Action, holding approximately 50.55% of the outstanding voting stock. The Share Increase Amendment was filed May 19, 2023 having an effective date of May 22, 2023

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Tego Cyber, Inc. filing history →

Source: SEC EDGAR

accession 0001654954-23-007136

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