AeroCentury Corp. filed SEC Form 8-K: Other Events, Financial Statements and Exhibits
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Item 8.01 Other Events
On December 17, 2021, AeroCentury Corp, (the “Company”) issued a press release announcing the Company plans to file a Certificate of Amendment to the Certificate of Incorporation of the Company (the “Certificate of Amendment”) to implement a 5-for-1 forward stock split of its issued and outstanding shares of common stock (the “Stock Split”). Each shareholder of record as of December 30, 2021, the record date, will receive four (4) additional shares of common stock for each share held as of the record date. No fractional shares of common stock will be issued in connection with the Stock Split. Instead, all shares will be rounded up to the next whole share. The payment date for the Stock Split will be January 7, 2022 and the Company’s common stock is expected to begin trading on a split-adjusted basis when the market opens on January 10, 2022.
The Stock Split was approved by the Company’s Board of Directors on November 22, 2021, and approved by the written consent by the Company’s stockholders representing approximately 65.0% of the Company’s voting stock (the “Consenting Stockholders”) on November 30, 2021. To implement the Stock Split, the Board of Directors and Consenting Stockholders further approved an increase in the number of authorized shares of common stock of the Company from 13,000,000 to 40,000,000, which will also be effected by the filing of the Certificate of Amendment. No other stockholder approval is required or necessary. A copy of the press release announcing the Stock Split is attached to this Form 8-K as exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit | Exhibit Description | |
| 99.1 | Press Release dated December 17, 2021 – AeroCentury Corp. Announces a 5-for-1 Forward Stock Split | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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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 our behalf by the undersigned hereunto duly authorized.
| AeroCentury Corp. | ||
| By: | /s/ Yucheng Hu | |
|
Yucheng Hu Chief Executive Officer | ||
| Dated: December 17, 2021 | ||
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