UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form
Current Report
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Item 1.01. Entry into a Material Definitive Agreement.
On March 14, 2023, Solar Integrated Roofing Corp. (the “Company”), entered into an Addendum (the “Addendum”) to the Stock Purchase Agreement dated March 15, 2021, by and between Amad Noruz and Tim Hatamian (the “Sellers”) and the Company, pursuant to which the Company agreed to purchase the remaining 40% interest of Pacific Lighting Mgt, Inc., a California corporation (the “Subsidiary”), for $600,000, with $200,000 due March 15, 2023, $200,000 due April 15, 2023, and $200,000 due May 15, 2023. Prior to this purchase, the Company owned 60% of the Subsidiary.
The foregoing description of the Addendum and its terms is qualified in its entirety by reference to the full text of the Addendum filed as Exhibit 10.1 to, and incorporated by reference in, this report.
Item 5.03.Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
On March 16, 2023, the Company filed with the State of Nevada a Certificate of Amendment to its Articles of Incorporation, increasing the number of shares of common stock authorized for issuance by the Company to 1,500,000,000 shares.
The foregoing description of the Certificate of Amendment is qualified in its entirety by the full text of the Certificate of Amendment, which is filed as Exhibit 3.1 to, and incorporated by reference in, this report.
Item 9.01.Financial Statements and Exhibits.
(d) Exhibits
The exhibits listed in the following Exhibit Index are filed as part of this report:
EXHIBIT INDEX
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Exhibit No. |
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10.1 |
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3.1 |
| Certificate of Amendment to Certificate of Incorporation filed March 16, 2023 |
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.
| Solar Integrated Roofing Corp. | |
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Date: March 17, 2023 | By: | /s/ David Massey |
| Name: | David Massey |
| Title: | Chief Executive Officer |