UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 1-U
Current Report Pursuant to Regulation A
Date of Report (Date of earliest event reported): October 20, 2021
CoLabs Int’l, Corp.
(Exact name of registrant as specified in its charter)
| Nevada | 26-3233192 | |
(State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) |
18593 Main Street
Huntington Beach, California 92648
(Mailing Address of principal executive offices)
888-878-5536
Issuer’s telephone number, including area code
Outstanding securities qualified pursuant to Regulation A:
| Title of each class | Trading Symbol | Name of each exchange on which trading | ||
| Common Stock, par value $0.001 |
Item 3. Material Modifications to Rights of Securityholders
(a) Two-for-one forward stock split:
On October 20, 2021, pursuant to the approval of a majority of the voting interests, CoLabs Int’l, Corp. (“CoLabs” or the “Company”) approved 2:1 forward stock split of the Company’s issued and outstanding common stock (the “Stock Split”) with an effective date of December 1, 2021.
In connection therewith, on October 21, 2021, the Company filed a Certificate of Change Pursuant to NRS 78.209 (the “Certificate”) effecting the Stock Split, to be effective on December 1, 2021.
As a result of the Stock Split, the total number of shares of common stock held by each shareholder will be converted automatically into the number of whole shares of common stock equal to (i) the number of shares of common stock held by such shareholder immediately prior to the Stock Split, multiplied by (ii) two, and then rounded up to the nearest whole number.
As a result of the Stock Split, the Company’s 15,872,300 issued and outstanding shares of common stock will increase to approximately 31,744,600 shares of common stock (prior to effecting the rounding of fractional shares into whole shares).
No fractional shares will be issued, and no cash or other consideration will be paid. Instead, the Company will issue one whole share of the post-split common stock to any shareholder who otherwise would have received a fractional share as a result of the Stock Split.
The Certificate is filed as Exhibit 3.1 to this Current Report on Form 1-U.
EXHIBITS
| 3.1 | Certificate of Change Pursuant to NRS 78.209 |
SIGNATURES
Pursuant to the requirements of Regulation A, the issuer has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| COLABS INT’L, CORP. | ||
| By: | /s/ Lisa LeBlanc | |
| Name: | Lisa LeBlanc | |
| Title: | Chief Operations Officer | |
| Date: | October 25, 2021 | |
