SEC Filing Summary: Wizard World, Inc. (Form 8-K)
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Wizard World, Inc. on March 30, 2012, reporting events occurring on March 29, 2012. The filing addresses amendments to the Company's Series A Cumulative Convertible Preferred Stock and compliance obligations regarding its Common Stock registration.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses on corporate governance and securities designations rather than financial performance.
Material Changes
On March 29, 2012, the Company filed an amended and restated Certificate of Designations with the Delaware Secretary of State. Key amendments include:
- Authorization to issue Series A Preferred Stock in connection with subscription agreements executed after December 7, 2010.
- Designation of the OTC Markets as an additional permitted principal market for the Company's Common Stock.
- Establishment of a new event of default provision tied to regulatory filing and registration deadlines.
Guidance, Outlook, and Risks
The filing outlines a specific contingency risk regarding the Company's regulatory status. Failure to meet the following conditions by March 31, 2012, constitutes an event of default under the amended Certificate of Designations:
- Filing all required reports under Section 13 of the Securities Exchange Act of 1934 for the period since January 1, 2011.
- Registering the Common Stock with the SEC via Form 8-A or other applicable forms.
- Timely filing all subsequent reports required under the 1934 Act following registration.
Investor Verification Checklist
- Verify whether Wizard World, Inc. successfully filed all required Section 13 reports and registered its Common Stock by the March 31, 2012 deadline.
- Confirm the current trading status of the Common Stock on the OTC Markets.
- Review the full text of the Amended and Restated Series A Certificate of Designations (Exhibit 3.1) for specific terms regarding the Series A Preferred Stock.
- Check for any subsequent filings indicating a default event triggered by the missed deadlines.