Form 8-K - Current report
January 31 2024 - 11:03AM
Edgar (US Regulatory)
false
--09-30
0001473490
0001473490
2024-01-29
2024-01-29
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xbrli:shares
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported) January 29, 2024
Global
AI, Inc.
(Exact
name of registrant as specified in its charter)
Nevada |
|
333-163439 |
|
26-4170100 |
(State
or other jurisdiction
of
incorporation) |
|
(Commission
File
Number) |
|
(IRS
Employer
Identification
No.) |
110
Front Street
Suite 300
Jupiter, FL |
|
33477 |
(Address
of principal executive offices) |
|
(Zip
Code) |
Registrant’s
telephone number, including area code (561) 240-0333
Wall
Street Media Co, Inc.
(Former
name or former address, if changed since last report.)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions (see General Instruction A.2. below):
☐ |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
N/A |
|
N/A |
|
N/A |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
3.03. Material Modification to Rights of Security Holders.
To
the extent required by Item 3.03 of Form 8-K, the information contained in Item 5.03 of this report is incorporated herein by reference.
Item
5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
On
January 29, 2024, Global AI, Inc. (the “Company”) filed a Certificate of Amendment of the Amended and Restated Certificate
of Incorporation (the “Certificate of Amendment”) with the Secretary of State of Nevada to effect a 4-for-1 forward stock
split of the shares of the Company’s Class A common stock, par value $0.001 per share (the “Class A Common Stock”),
and Class B common stock, par value $0.001 per share (the “Class B Common Stock”), either issued and outstanding or held
by the Company as treasury stock, effective as of 11:45 a.m.
(Eastern time) on January 29, 2024 (the “Forward Stock Split”). Holders of capital stock of the Company representing a majority
of the voting power of all the then-outstanding shares of capital stock of the Company approved a resolution to affect the Forward Stock
Split.
As
a result of the Forward Stock Split, every one share of issued and outstanding Class A Common Stock will be automatically split into
four issued and outstanding shares of Class A Common Stock, without any change in the par value per share, and every one share of issued
and outstanding Class B Common Stock will be automatically split into four issued and outstanding shares of Class B Common Stock. No
fractional shares will be issued as a result of the Forward Stock Split. Any fractional shares that would otherwise have resulted from
the Forward Stock Split will be rounded up to the next whole number. The Forward Stock Split will increase the number of shares of Class
A Common Stock outstanding from 28,578,006 shares to approximately 114,312,024 shares, subject to adjustment for the rounding up of fractional
shares. The Forward Stock Split will increase the number of shares of Class B Common Stock outstanding from 10,000,000 shares to approximately
40,000,000 shares, subject to adjustment for the rounding up of fractional shares. The total number of Class A Common Stock and Class
B Common Stock combined after the Forward Stock Split will be 154,312,024. The number of authorized shares of common stock under the
Certificate of Incorporation will remain unchanged at 250,000,000 shares.
The
information set forth herein is qualified in its entirety by reference to the complete text of the Certificate of Amendment, a copy of
which is filed with this report as Exhibit 3.1.
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.
Date:
January 31, 2024 |
GLOBAL
AI, INC. |
|
|
|
|
By:
|
/s/
Abhinav Somani |
|
|
Abhinav
Somani |
|
|
Chief
Executive Officer |
Exhibit 3.1
v3.24.0.1
Cover
|
Jan. 29, 2024 |
Cover [Abstract] |
|
Document Type |
8-K
|
Amendment Flag |
false
|
Document Period End Date |
Jan. 29, 2024
|
Current Fiscal Year End Date |
--09-30
|
Entity File Number |
333-163439
|
Entity Registrant Name |
Global
AI, Inc.
|
Entity Central Index Key |
0001473490
|
Entity Tax Identification Number |
26-4170100
|
Entity Incorporation, State or Country Code |
NV
|
Entity Address, Address Line One |
110
Front Street
|
Entity Address, Address Line Two |
Suite 300
|
Entity Address, City or Town |
Jupiter
|
Entity Address, State or Province |
FL
|
Entity Address, Postal Zip Code |
33477
|
City Area Code |
561
|
Local Phone Number |
240-0333
|
Written Communications |
false
|
Soliciting Material |
false
|
Pre-commencement Tender Offer |
false
|
Pre-commencement Issuer Tender Offer |
false
|
Entity Emerging Growth Company |
false
|
Entity Information, Former Legal or Registered Name |
Wall
Street Media Co, Inc.
|
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