Attached files
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EX-99.1 - DIGILITI MONEY GROUP, INC. | ex99-1.htm |
EX-3.1 - DIGILITI MONEY GROUP, INC. | ex3-1.htm |
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
July 25, 2016
Date of Report (Date of earliest event reported)
CACHET FINANCIAL SOLUTIONS, INC.
(Exact Name of Registrant as Specified in its Charter)
Delaware | 000-53925 | 27-2205650 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
18671 Lake Drive East Southwest Tech Center A Minneapolis, MN 55317 |
55317 | |
(Address of Principal Executive Offices) | (Zip Code) |
Registrant’s telephone number, including area code: (952) 698-6980
N/A
(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:
[ ] Written communications pursuant to Rule 425 under the Securities Act
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
Item 3.03 Material Modification to Rights of Security Holders.
The information provided in Item 5.03 below is incorporated herein by reference.
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
On June 2, 2016, our Board of Directors adopted resolutions approving and recommending to our stockholders for their approval a proposal to amend our Amended and Restated Certificate of Incorporation to effect a reverse split of our outstanding shares of common stock within a range of one share of common stock for every five shares of common stock (1:5) to one share of common stock for every twenty-five shares of common stock (1:25) (the “Reverse Stock Split”), with the exact Reverse Stock Split ratio to be set within this range as determined by our Board of Directors in its sole discretion. The Reverse Stock Split was approved by our stockholders in June 2016. On July 13, 2016, our Board of Directors fixed the Reverse Stock Split ratio at 1:15.
On July 25, 2016, we filed a Certificate of Amendment of Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware to effect the Reverse Stock Split. A copy of the Certificate of Amendment is attached hereto as Exhibit 3.1 and incorporated herein by reference. The Reverse Stock Split will become effective as of 12:01 am on Wednesday, July 27, 2016.
Item 8.01 Other Events.
On July 26, 2016, we issued a press release announcing the Reverse Stock Split. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
3.1 | Certificate of Amendment of Amended and Restated Certificate of Incorporation |
99.1 | Press Release, dated July 26, 2016, issued by Cachet Financial Solutions, Inc. |
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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 hereunto duly authorized.
July 26, 2016
CACHET FINANCIAL SOLUTIONS, INC. | ||
By: | /s/ Bryan Meier | |
Bryan Meier | ||
Chief Financial Officer |
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