Item 5.03 Amendments to Articles of Incorporation of Bylaws; Change in Fiscal Year.

As previously disclosed, the Board of Directors and the holders of a majority of the voting power of the securities of the Singlepoint Inc. (the "Company") approved an amendment to our Articles of Incorporation to effect a reverse stock split of our common stock in a ratio of 1-for 75 and the spin-off of our subsidiary 1606 Corp. The foregoing is more fully described in the Company's definitive information statement, which was filed with the Securities and Exchange Commission on January 22, 2021. On March 22, 2021, we filed a Certificate of Amendment (the "Certificate of Amendment") with the Secretary of State of the State of Nevada to effect the reverse stock split. A copy of the Certificate of Amendment is attached hereto as Exhibit 3.1 and is incorporated by reference herein.

At the effective time of the reverse stock split, every 75 shares of issued and outstanding common stock will be converted into one (1) share of issued and outstanding common stock. The number of authorized shares and the par value per share of the common stock and the number of authorized or issued and outstanding shares of the Company's preferred stock will remain unchanged. No fractional shares will be issued in connection with the reverse stock split. Any fractional shares resulting from the reverse stock split will be rounded up to the nearest whole share.

At the effective time of the spin-off of 1606 Corp. each holder of common stock and Class A Preferred Stock of the Company will receive one share of unregistered and restricted common stock and Class A Preferred Stock of 1606 Corp. for each such share owned of the Company.




Item 8.01 Other Events

The Company's common stock is expected to begin trading on a reverse stock split-adjusted basis at the open of the markets on March 26, 2021. A "D" will be placed on the ticker symbol ("SINGD") for 20 business days. After 20 business days, the symbol will then change back to "SING". The Company's transfer agent is acting as the exchange agent for the reverse stock split.

The spin off of 1606 Corp. is expected to be effective March 29, 2021. The Company's transfer agent is acting as the exchange agent for the spin-off.






2

Item 9.01 Financial Statements and Exhibits.





(d) Exhibits

The following documents are filed as Exhibits:





Exhibit   Description
  3.1       Certificate of Amendment to Restated Articles of Incorporation.





3

© Edgar Online, source Glimpses