Business
Name Change to Citrine Global Corp. Filed
Name Change to Citrine Global Corp. Filed.
About this update from Citrine Global Corp.
[{"type":"text","content":"CHANGING THE CORPORATION’S NAMEThe matter upon which this action is proposed to be taken is a name change of the Company from TechCare Corp. to Citrine Global, Corp.Pursuant to Section 271 of the DGCL, the holders of a majority of the outstanding voting stock of a corporation are required to adopt a resolution to authorize any name change of the corporation. If the name change was not to be adopted by written consent, it would be required to be considered by the Company’s stockholders at a special stockholders’ meeting convened for the specific purpose of approving the Company’s name change. The elimination of the need for such a special meeting of stockholders is pursuant to Section 228 of the DGCL, which provides that the written consent of the holders of outstanding shares entitled to vote at a meeting of stockholders, having not less than the minimum number of votes which would be necessary to authorize or take such action at a meeting at which all shares entitled to vote thereon were present and voted, may be substituted for such a special meeting.Reasons for Changing the Company’s NameThe Company believes the name change helps to better align the name of the Company with the new business plan following the recent change of control over the Company.Our common stock is currently quoted on the OTC Market and the name change will require approval by FINRA in order for it to be recognized for trading purposes.We expect to receive FINRA’s approval for the name change prior to the effective date of the Charter Amendment. The name change will result in a different CUSIP number and a different trading symbol. We will provide definitive information on our new trading symbol and CUSIP number in a Current Report on Form 8-K to be filed with the Securities and Exchange Commission prior to the effective date of the name change.","length":2093,"tagName":"div"}]