Business Context and Reporting Period
This Form 8-K was filed by Zev Ventures, Inc. (not Ondas Inc.) on August 13, 2018. The report discloses a corporate action regarding a forward stock split of the company's common stock.
Key Financial Metrics
The filing does not provide financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on capital structure changes.
Material Changes
- Forward Stock Split: The Board of Directors approved a 10-for-1 forward split of issued and outstanding common stock.
- Share Count Adjustment: The number of outstanding shares increased from 5,760,000 to 57,600,000.
- Effective Dates:
- Record Date: August 13, 2018
- Effective Date: August 13, 2018
- Pay Date: August 14, 2018
- Execution: No fractional shares were issued, and stockholders were not required to present certificates for exchange. Shares were issued directly to reflect the split differential.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies beyond the mechanics of the stock split.
Investor Verification Checklist
- Verify the correct registrant name is Zev Ventures, Inc. (the input metadata referenced "Ondas Inc." which is incorrect based on the filing text).
- Confirm the 10-for-1 split ratio and the resulting share count of 57,600,000.
- Check the Pay Date of August 14, 2018, for the issuance of new shares.
- Note that this filing does not contain financial results; refer to 10-K or 10-Q filings for financial metrics.