CFN Enterprises Inc. Files Definitive Proxy Statement

TL;DR

CFN Enterprises (formerly Accelerize) filed its proxy statement - shareholders vote soon on company matters.

AI Summary

CFN Enterprises Inc. filed a definitive proxy statement (DEF 14A) on June 17, 2024. The filing pertains to the company's proxy materials, which are typically used to solicit votes from shareholders for annual meetings or other corporate actions. The company was formerly known as Accelerize Inc. and Accelerize New Media Inc.

Why It Matters

This filing is crucial for shareholders as it outlines important information regarding upcoming votes, executive compensation, and corporate governance decisions that could impact the company's future performance and shareholder value.

Risk Assessment

Risk Level: low — A DEF 14A filing is a standard regulatory document and does not inherently represent new financial risk.

Key Players & Entities

• CFN Enterprises Inc. (company) — Registrant
• Accelerize Inc. (company) — Former company name
• Accelerize New Media Inc (company) — Former company name
• 20240617 (date) — Filing date

FAQ

Key Financial Figures

• $0.001 — the "Record Date") of our common stock, $0.001 par value per share, are entitled to no
• $4.00 m — ould prevent us from meeting the Nasdaq $4.00 minimum bid price requirement (the "Minim
• $0.64 — e closing price of our common stock was $0.64. Historically, however, the closing pri
• $0.06 — December 31, 2023 has traded as low as $0.06 per share to a high of $0.39 per share.
• $0.39 — as low as $0.06 per share to a high of $0.39 per share. As a result, we cannot be as

Filing Documents

• cnfn_def14a.htm (DEF 14A) — 109KB
• cnfndef14a_1.jpg (GRAPHIC) — 5KB
• cnfndef14a_2.jpg (GRAPHIC) — 122KB
• 0001096906-24-001389.txt ( ) — 285KB

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 4 PROPOSAL 1: APPROVAL OF AN AMENDMENT TO OUR CERTIFICATE OF INCORPORATION, AS AMENDED, TO EFFECT A REVERSE SPLIT IN THE RANGE FROM 1-FOR-2 TO 1-FOR-50 5 STOCKHOLDER PROPOSALS 11 ANNUAL REPORTS 11 HOUSEHOLDING OF PROXY MATERIALS 11 WHERE YOU CAN FIND ADDITIONAL INFORMATION 11 ANNEX A A-1 600 E. 8 th Street Whitefish, MT 59937 CONSENT SOLICITATION STATEMENT The enclosed consent is solicited ("Consent Solicitation") by the Board of Directors (the "Board") of CFN Enterprises Inc. ("CFN Enterprises," "we," "our," "us" or "the Company"). This Consent Solicitation Statement and the accompanying Notice of Consent Solicitation and consent card are being first mailed on or about June 20, 2024, to our stockholders entitled to vote in the Consent Solicitation. Important Notice Regarding the Availability of Consent Solicitation Materials A copy of this Consent Solicitation Statement and the consent card are available at: http://cfnenterprisesinc.com INFORMATION ABOUT THE CONSENT SOLICITATION AND GIVING CONSENT Purpose of the Consent Solicitation. In the Consent Solicitation, stockholders will consider and consent on the following proposal ("Proposal"): Approval of an Amendment to our Certificate of Incorporation, as amended, to Effect a Reverse Split in the Range from 1-for-2 to 1-for-50 The Board strongly believes that it is critical to the future viability of the Company that you consent to the Proposal. The Board has decided to seek written consent in lieu of a meeting of stockholders, in order to eliminate the costs and management's time in holding a meeting. Written consents are being solicited from holders of all of our shares of common stock pursuant to Section 228 of the Delaware General Corporation Law (the "DGCL"). Stockholders Entitled to Consent. Stockholders of record at the close of business on June 10, 2024 (the "Record Date") of our common stock, $0.001 par value p

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT The following table contains information regarding the beneficial ownership of our common stock as June 10, 2024, held by: (i) each of our directors; (ii) each of our named executive officers; (iii) all of our directors and executive officers as a group; and (iv) each person or group known by us to own beneficially more than 5% of the outstanding common stock. Except as set forth below, the address of the persons or groups named below is c/o CFN Enterprises Inc., 600 E. 8th Street, Whitefish, MT 59937. Common Stock No. of Shares % of Class (1) Brian Ross (2) 658,144 0.8% Mario Marsillo Jr. 91,982 0.1% Allen Park 17,129,412 20.8% Rami Abi 10,170,568 12.4% Aness Ziadeh 5,700,000 6.9% All current officers and directors as a group (5 persons) 33,750,106 40.8% Isaac Shehebar (3) 12,577,180 14.7% Emerging Growth LLC (4) 4,556,667 5.5% Anthony Zingarelli (5) 8,047,600 9.7% (1) Except as indicated in these footnotes: (i) the persons named in this table have sole voting and investment power with respect to all shares of common stock beneficially owned; (ii) the number of shares beneficially owned by each person as of June 10, 2024 includes any vested and unvested shares of restricted stock and any shares of common stock that such person or group has the right to acquire within 60 days of June 10, 2024, upon the exercise of convertible securities; and (iii) for each person or group included in the table, percentage ownership is calculated by dividing the number of shares beneficially owned by such person or group by the sum of the 82,210,664 shares of common stock outstanding on June 10, 2024, plus the number of shares of common stock that such person or group has the right to acquire within 60 days of June 10, 2024. (2) Includes 1,000 warrants vested held by Mr. Ross' spouse. Mr. Ross disclaims beneficial ownership of the 1,000 warrants vested except to the extent of his pe

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View this DEF 14A filing on SEC EDGAR