BTCS Inc. Reports Fiscal Year Change and Files Exhibits
Ticker: BTCS · Form: 8-K · Filed: Jul 5, 2024 · CIK: 1436229
| Field | Detail |
|---|---|
| Company | Btcs Inc. (BTCS) |
| Form Type | 8-K |
| Filed Date | Jul 5, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-action, filing-update
TL;DR
BTCS Inc. is changing its fiscal year end and filed related docs.
AI Summary
BTCS Inc. filed an 8-K on July 5, 2024, reporting a change in its fiscal year end from December 31 to an unspecified date. This filing also includes financial statements and exhibits, with the earliest event reported being July 3, 2024. The company was formerly known as Bitcoin Shop, Inc. and TouchIT Technologies, Inc.
Why It Matters
A change in fiscal year end can impact reporting schedules and financial analysis timelines for investors.
Risk Assessment
Risk Level: low — The filing is procedural and relates to administrative changes in reporting, not a significant operational or financial event.
Key Players & Entities
- BTCS Inc. (company) — Registrant
- Bitcoin Shop, Inc. (company) — Former company name
- TouchIT Technologies, Inc. (company) — Former company name
- July 3, 2024 (date) — Earliest event reported
- July 5, 2024 (date) — Filing date
FAQ
What is the new fiscal year end for BTCS Inc.?
The filing does not specify the new fiscal year end date, only that there is a change from the previous December 31 end.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on July 3, 2024.
What are the former names of BTCS Inc. mentioned in the filing?
The filing mentions former names including Bitcoin Shop, Inc. and TouchIT Technologies, Inc.
What is the principal business address of BTCS Inc.?
The principal business address is 9466 Georgia Avenue #124, Silver Spring, MD 20910.
What is the SIC code for BTCS Inc.?
The Standard Industrial Classification (SIC) code for BTCS Inc. is 6199, which falls under Finance Services.
Filing Stats: 654 words · 3 min read · ~2 pages · Grade level 11.2 · Accepted 2024-07-05 16:05:32
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 par value BTCS The Nasdaq Stock Mar
Filing Documents
- form8-k.htm (8-K) — 41KB
- ex3-1.htm (EX-3.1) — 81KB
- 0001493152-24-026336.txt ( ) — 334KB
- btcs-20240703.xsd (EX-101.SCH) — 3KB
- btcs-20240703_def.xml (EX-101.DEF) — 26KB
- btcs-20240703_lab.xml (EX-101.LAB) — 33KB
- btcs-20240703_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 4KB
From the Filing
UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 3, 2024 BTCS INC. (Exact name of registrant as specified in its charter) Nevada 001-40792 90-1096644 (State or Other Jurisdiction of Incorporation) (Commission File Number) (I.R.S. Employer Identification No.) 9466 Georgia Avenue #124 , Silver Spring , MD 20910 (Address of Principal Executive Offices, and Zip Code) (202) 987-8368 Registrant's Telephone Number, Including Area Code Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.001 par value BTCS The Nasdaq Stock Market (The Nasdaq Capital Market) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. On July 3, 2024, the Board of Directors (the "Board") of BTCS Inc. (the "Company") approved and adopted amended and restated bylaws (the "Amended and Restated Bylaws") which became effective on July 3, 2024. Among other things, the amendments effected by the Amended and Restated Bylaws include: Adding a provision for the voting requirements of approving amendments to the Articles of Incorporation effectuating reverse stock splits, in accordance with Section 78.2055 of the Nevada Revised Statutes ("NRS"). Amending the timeframe in which a proxy is valid from three years, unless the proxy provides otherwise, to six months, unless the proxy specifies otherwise, but in no case may the proxy duration exceed seven years. Raising the voting threshold of director removal to align with the NRS from the majority of outstanding shares to no less than two-thirds of the voting power of the issued and outstanding stock entitled to vote. Eliminating the requirement that an annual meeting of the Board of Directors must occur immediately after the annual meeting of stockholders. Aligning the requirements for uncertificated shares with the provisions of the NRS. Removal of various redundant provisions and other provisions that are not required by the NRS or other governing law. The Amended and Restated Bylaws also include various other updates, including certain technical, conforming, and clarifying changes that align with the NRS. The foregoing description of the changes contained in the Amended and Restated Bylaws does not purport to be complete and is qualified in its entirety by reference to the full text of the Amended and Restated Bylaws, a copy of which is attached hereto as Exhibit 3.1 and incorporated herein by reference. Item 9.01 Financial Statements and Exhibits Exhibit No. Exhibit 3.1 Amended and Restated Bylaws of BTCS Inc. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE 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. BTCS INC. Date: July 5, 2024 By: /s/ Charles W. Allen Name: Charles W. Allen Title: Chief Executive Officer