Item 8.01 Other Events
On June 19, 2020 BorrowMoney.com, Inc. ("BorrowMoney.com" or the "Company"),
(OTC: BWMY), announced that on June 19, 2020 its board of directors unanimously
approved a five-for-one split (the "Stock Split") of the Company's common stock
subject to shareholder approval of an amendment to the Company's Certificate of
Incorporation. Since the Company presently does not have a sufficient number of
authorized shares required to effectuate the stock split, the Company's Board
has approved, and is recommending to its shareholders, an amendment to the
Company's Certificate of Incorporation increasing the number of authorized
shares of common stock to 500 million to handle the split and possible future
capitalization needs. The Company will be holding a special meeting of
shareholders of record as of June 23, 2020 to approve the amendment to the
Certificate of Incorporation. It is anticipated that the special meeting will be
held on or about August 21, 2020. Provided the shareholders approve the
amendment, the company anticipates setting a record date for the stock split
shortly after the special meeting and that trading on a split-adjusted basis
will begin prior to August 31, 2020. As a result of the Stock Split, each
shareholder of record on the record date will receive four additional shares of
common stock for each share held. Each shareholder's percentage of ownership and
proportional voting power remains unchanged after the Stock Split. A copy of the
press release announcing the Stock Split is attached to this Form 8-K as exhibit
99.1.
Item 9.01 Exhibits
99.1 Press release, dated June 19, 2020, issued by BorrowMoney.com
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