DIGITALTOWN, INC. Disclosure Statement Pursuant to the Pink Basic Disclosure Guidelines
DIGITALTOWN, INC.
205 - 810 Quayside Drive, New Westminster, BC V3M 6B9 Canada
425-577-7766
https://www.digitaltown.com
info@digitaltown.com
Quarterly Report
For the Period Ending: November 30, 2021
(the "Reporting Period")
As of November 30, 2021, the number of shares outstanding of our Common Stock was: 2,962,627,176
As of August 31, 2021, the number of shares outstanding of our Common Stock was: 2,962,627,176
As of February 28, 2021, the number of shares outstanding of our Common Stock was: 2,962,627,176
Indicate by check mark whether the company is a shell company (as defined in Rule 405 of the Securities Act of 1933 and Rule
12b-2 of the Exchange Act of 1934):
Yes: ☐ No: ☒
Indicate by check mark whether the company's shell status has changed since the previous reporting period:
Yes: ☐ No: ☒
Indicate by check mark whether a Change in Control1 of the company has occurred over this reporting period:
Yes: ☐ No: ☒
- "Change in Control" shall mean any events resulting in:
- Any "person" (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) becoming the "beneficial owner" (as defined in Rule 13d-3 of the Exchange Act), directly or indirectly, of securities of the Company representing fifty percent (50%) or more of the total voting power represented by the Company's then outstanding voting securities;
- The consummation of the sale or disposition by the Company of all or substantially all of the Company's assets;
- A change in the composition of the Board occurring within a two (2)-year period, as a result of which fewer than a majority of the directors are directors immediately prior to such change; or
- The consummation of a merger or consolidation of the Company with any other corporation, other than a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity or its parent) at least fifty percent (50%) of the total voting power represented by the voting securities of the Company or such surviving entity or its parent outstanding immediately after such merger or consolidation.
1
- Name and address(es) of the issuer and its predecessors (if any)
In answering this item, provide the current name of the issuer any names used by predecessor entities, along with the dates of the name changes.
DigitalTown, Inc.
205 - 810 Quayside Drive
New Westminster, BC
V3M 6B9 Canada
History
Incorporated as Command Small Computer Learning Centre, Inc. on April 7, 1982
In March 1987, company changed its name to Command Electronics, Inc.
In April 1997, company changes its name to CyberStar Computer Corporation
In January 2004, company changed its name to eNetpc, Inc.
In December 2004, company changed its name to BDC Capital, Inc.
In March 2007, company changed its name to DigitalTown, Inc.
The state of incorporation or registration of the issuer and of each of its predecessors (if any) during the past five years; Please also include the issuer's current standing in its state of incorporation (e.g. active, default, inactive):
DigitalTown was incorporated on April 7, 1982, under the laws of the State of Minnesota, and the Company is Active and in Good Standing.
Describe any trading suspension orders issued by the SEC concerning the issuer or its predecessors since inception:
None
List any stock split, stock dividend, recapitalization, merger, acquisition, spin-off, or reorganization either currently anticipated or that occurred within the past 12 months:
None
The address(es) of the issuer's principal executive office:
205 - 810 Quayside Drive, New Westminster, BC V3M 6B9 Canada
The address(es) of the issuer's principal place of business:
Check box if principal executive office and principal place of business are the same address: ☒
Has the issuer or any of its predecessors been in bankruptcy, receivership, or any similar proceeding in the past five years?
Yes: ☒ No: ☐
If this issuer or any of its predecessors have been the subject of such proceedings, please provide additional details in the space below:
DigitalTown, Inc. filed for relief under Chapter 11, Subchapter V of the United States Bankruptcy Code on September 8, 2020 with the intention of reorganizing its debts. Our submitted Plan of Reorganization intended to implement our reorganization of our business and finances. The Plan provided for the reorganization of the Company's business and the satisfaction of the claims of all creditors. DigitalTown believed that the Plan complied with all the requirements of the Bankruptcy Code and that the Court should have confirmed it. A copy of the plan can be found on our website at (www.digitaltown.com). The Company remained debtor-in-possession throughout the process. On December 10, 2021, the Court denied confirmation and converted the case to Chapter 7.
2
- Security Information
Trading symbol: | DGTW | |
Exact title and class of securities outstanding: | Common Stock | |
CUSIP: | 25400E102 | |
Par or stated value: | $0.01 | |
Total shares authorized: | 5,000,000,000 | |
Total shares outstanding: | 2,962,627,176 | |
Number of shares in the Public Float2: | 2,356,346,197 | |
Total number of shareholders of record: | 359 | |
Transfer Agent | ||
Name: | ClearTrust, LLC | |
Phone: | 813-235-4490 | |
Email: | inbox@cleartrusttransfer.com | |
Address: | 16540 Pointe Village Drive, Suite 205, Lutz, FL 33558 |
Is the Transfer Agent registered under the Exchange Act?3 Yes: ☒ No: ☐
- Issuance History
The goal of this section is to provide disclosure with respect to each event that resulted in any direct changes to the total shares outstanding of any class of the issuer's securities in the past two completed fiscal years and any subsequent interim period.
Disclosure under this item shall include, in chronological order, all offerings and issuances of securities, including debt convertible into equity securities, whether private or public, and all shares, or any other securities or options to acquire such securities, issued for services. Using the tabular format below, please describe these events.
A. Changes to the Number of Outstanding Shares
Check this box to indicate there were no changes to the number of outstanding shares within the past two completed fiscal years and any subsequent periods: ☐
- "Public Float" shall mean the total number of unrestricted shares not held directly or indirectly by an officer, director, any person who is the beneficial owner of more than 10 percent of the total shares outstanding (a "control person"), or any affiliates thereof, or any immediate family members of officers, directors and control persons.
- To be included in the Pink Current Information tier, the transfer agent must be registered under the Exchange Act.
3
Shares Outstanding as of Second Most Recent | |||||||||||
Fiscal Year End: | Opening Balance | ||||||||||
Date: 3/1/19 | Common | 146,740,570 | |||||||||
Preferred | Not Issued | ||||||||||
Date of | Transaction | Number of | Class of | Value | Were the | Individual/ | Reason for share | Restricted | Exemption | ||
Transaction | type (eg, new | Shares Issues | Securities | of | shares | Entity Shares | issuance (e.g. for | or | or | ||
issuance, | (or cancelled) | shares | issued at a | were issued to | cash or debt | Unrestricted | Registration | ||||
cancellation, | issued | discount to | (entities must | conversion) - OR- | as of this | Type | |||||
shares | ($/per | market | have individual | Nature of Services | filing | ||||||
returned to | share) | price at the | with voting / | Provided | |||||||
treasury) | at | time of | investment | ||||||||
issuance | issuance? | control | |||||||||
(Yes/No) | disclosed) | ||||||||||
FirstFire Global | |||||||||||
Opportunities | |||||||||||
Fund (Seth | Convertible note | ||||||||||
03/06/2019 | New Issuance | 4,700,000 | Common | 0.0024 | Yes | Fireman) | conversion | Restricted | |||
FirstFire Global | |||||||||||
Opportunities | |||||||||||
Fund (Seth | Convertible note | ||||||||||
03/18/2019 | New Issuance | 5,000,000 | Common | 0.0022 | Yes | Fireman) | conversion | Restricted | |||
Power Up | |||||||||||
Lending Group | |||||||||||
Ltd. (Seth | Convertible note | ||||||||||
03/21/2019 | New Issuance | 7,554,167 | Common | 0.0024 | Yes | Kramer) | conversion | Restricted | |||
FirstFire Global | |||||||||||
Opportunities | |||||||||||
Fund (Seth | Convertible note | ||||||||||
03/25/2019 | New Issuance | 6,000,000 | Common | 0.0020 | Yes | Fireman) | conversion | Restricted | |||
Power Up | |||||||||||
Lending Group | |||||||||||
Ltd. (Seth | Convertible note | ||||||||||
03/25/2019 | New Issuance | 7,555,556 | Common | 0.0018 | Yes | Kramer) | conversion | Restricted | |||
Power Up | |||||||||||
Lending Group | |||||||||||
Ltd. (Seth | Convertible note | ||||||||||
03/27/2019 | New Issuance | 7,552,778 | Common | 0.0018 | Yes | Kramer) | conversion | Restricted | |||
FirstFire Global | |||||||||||
Opportunities | |||||||||||
Fund (Seth | Convertible note | ||||||||||
03/29/2019 | New Issuance | 8,000,000 | Common | 0.0016 | Yes | Fireman) | conversion | Restricted | |||
Power Up | |||||||||||
Lending Group | |||||||||||
Ltd. (Seth | Convertible note | ||||||||||
03/29/2019 | New Issuance | 9,233,333 | Common | 0.0018 | Yes | Kramer) | conversion | Restricted | |||
Power Up | |||||||||||
Lending Group | |||||||||||
Ltd. (Seth | Convertible note | ||||||||||
04/01/2019 | New Issuance | 9,231,250 | Common | 0.0016 | Yes | Kramer) | conversion | Restricted | |||
Crown Bridge | |||||||||||
Partners, LLC | Convertible note | ||||||||||
04/04/2019 | New Issuance | 9,200,000 | Common | 0.0010 | Yes | (Seth Ahdoot) | conversion | Restricted | |||
Power Up | |||||||||||
Lending Group | |||||||||||
Ltd. (Seth | Convertible note | ||||||||||
04/04/2019 | New Issuance | 9,560,714 | Common | 0.0014 | Yes | Kramer) | conversion | Restricted | |||
FirstFire Global | |||||||||||
Opportunities | |||||||||||
Fund (Seth | Convertible note | ||||||||||
04/08/2019 | New Issuance | 6,000,000 | Common | 0.0012 | Yes | Fireman) | conversion | Restricted | |||
Crown Bridge | |||||||||||
Partners, LLC | Convertible note | ||||||||||
04/12/2019 | New Issuance | 11,790,000 | Common | 0.0009 | Yes | (Seth Ahdoot) | conversion | Restricted | |||
Crown Bridge | |||||||||||
Partners, LLC | Convertible note | ||||||||||
04/23/2019 | New Issuance | 12,380,000 | Common | 0.0009 | Yes | (Seth Ahdoot) | conversion | Restricted | |||
Power Up | |||||||||||
Lending Group | |||||||||||
Ltd. (Seth | Convertible note | ||||||||||
04/26/2019 | New Issuance | 11,727,273 | Common | 0.0011 | Yes | Kramer) | conversion | Restricted | |||
Power Up | |||||||||||
Lending Group | |||||||||||
Ltd. (Seth | Convertible note | ||||||||||
04/30/2019 | New Issuance | 11,734,694 | Common | 0.0010 | Yes | Kramer) | conversion | Restricted | |||
Power Up | |||||||||||
Lending Group | |||||||||||
Ltd. (Seth | Convertible note | ||||||||||
05/02/2019 | New Issuance | 11,764,706 | Common | 0.0009 | Yes | Kramer) | conversion | Restricted | |||
Crown Bridge | |||||||||||
Partners, LLC | Convertible note | ||||||||||
05/03/2019 | New Issuance | 13,580,000 | Common | 0.0006 | Yes | (Seth Ahdoot) | conversion | Restricted | |||
EMA Financial | |||||||||||
LLC (John | Convertible note | ||||||||||
05/03/2019 | New Issuance | 13,000,000 | Common | 0.0004 | Yes | Scholz) | conversion | Restricted | |||
Power Up | |||||||||||
Lending Group | |||||||||||
Ltd. (Seth | Convertible note | ||||||||||
05/03/2019 | New Issuance | 11,780,822 | Common | 0.0007 | Yes | Kramer) | conversion | Restricted |
4
JSJ Investments | |||||||||
Inc. (Sameer | Convertible note | ||||||||
05/06/2019 | New Issuance | 15,067,787 | Common | 0.0005 | Yes | Hirji) | conversion | Restricted | |
Power Up | |||||||||
Lending Group | |||||||||
Ltd. (Seth | Convertible note | ||||||||
05/06/2019 | New Issuance | 11,780,822 | Common | 0.0007 | Yes | Kramer) | conversion | Restricted | |
Power Up | |||||||||
Lending Group | |||||||||
Ltd. (Seth | Convertible note | ||||||||
05/08/2019 | New Issuance | 6,273,973 | Common | 0.0007 | Yes | Kramer) | conversion | Restricted | |
Crown Bridge | |||||||||
Partners, LLC | Convertible note | ||||||||
05/09/2019 | New Issuance | 17,250,000 | Common | 0.0004 | Yes | (Seth Ahdoot) | conversion | Restricted | |
EMA Financial | |||||||||
LLC (John | Convertible note | ||||||||
05/09/2019 | New Issuance | 16,000,000 | Common | 0.0006 | Yes | Scholz) | conversion | Restricted | |
FirstFire Global | |||||||||
Opportunities | |||||||||
Fund (Seth | Convertible note | ||||||||
05/09/2019 | New Issuance | 9,500,000 | Common | 0.0007 | Yes | Fireman) | conversion | Restricted | |
EMA Financial | |||||||||
LLC (John | Convertible note | ||||||||
05/14/2019 | New Issuance | 20,000,000 | Common | 0.0007 | Yes | Scholz) | conversion | Restricted | |
FirstFire Global | |||||||||
Opportunities | |||||||||
Fund (Seth | Convertible note | ||||||||
05/14/2019 | New Issuance | 10,900,000 | Common | 0.0007 | Yes | Fireman) | conversion | Restricted | |
Crown Bridge | |||||||||
Partners, LLC | Convertible note | ||||||||
05/16/2019 | New Issuance | 21,450,000 | Common | 0.0004 | Yes | (Seth Ahdoot) | conversion | Restricted | |
FirstFire Global | |||||||||
Opportunities | |||||||||
Fund (Seth | Convertible note | ||||||||
05/16/2019 | New Issuance | 12,400,000 | Common | 0.0006 | Yes | Fireman) | conversion | Restricted | |
JSJ Investments | |||||||||
Inc. (Sameer | Convertible note | ||||||||
05/16/2019 | New Issuance | 20,087,963 | Common | 0.0004 | Yes | Hirji) | conversion | Restricted | |
Auctus Fund, | |||||||||
LLC (Lou | Convertible note | ||||||||
05/17/2019 | New Issuance | 21,998,800 | Common | 0.0004 | Yes | Posner) | conversion | Restricted | |
FirstFire Global | |||||||||
Opportunities | |||||||||
Fund (Seth | Convertible note | ||||||||
05/20/2019 | New Issuance | 14,100,000 | Common | 0.0004 | Yes | Fireman) | conversion | Restricted | |
Crown Bridge | |||||||||
Partners, LLC | Convertible note | ||||||||
05/21/2019 | New Issuance | 25,300,000 | Common | 0.0003 | Yes | (Seth Ahdoot) | conversion | Restricted | |
EMA Financial | |||||||||
LLC (John | Convertible note | ||||||||
05/21/2019 | New Issuance | 22,000,000 | Common | 0.0003 | Yes | Scholz) | conversion | Restricted | |
FirstFire Global | |||||||||
Opportunities | |||||||||
Fund (Seth | Convertible note | ||||||||
05/21/2019 | New Issuance | 24,300,000 | Common | 0.0004 | Yes | Fireman) | conversion | Restricted | |
JSJ Investments | |||||||||
Inc. (Sameer | Convertible note | ||||||||
05/21/2019 | New Issuance | 24,245,023 | Common | 0.0003 | Yes | Hirji) | conversion | Restricted | |
Crown Bridge | |||||||||
Partners, LLC | Convertible note | ||||||||
05/22/2019 | New Issuance | 30,000,000 | Common | 0.0003 | Yes | (Seth Ahdoot) | conversion | Restricted | |
FirstFire Global | |||||||||
Opportunities | |||||||||
Fund (Seth | Convertible note | ||||||||
05/23/2019 | New Issuance | 31,200,000 | Common | 0.0004 | Yes | Fireman) | conversion | Restricted | |
FirstFire Global | |||||||||
Opportunities | |||||||||
Fund (Seth | Convertible note | ||||||||
05/24/2019 | New Issuance | 34,300,000 | Common | 0.0004 | Yes | Fireman) | conversion | Restricted | |
Auctus Fund, | |||||||||
LLC (Lou | Convertible note | ||||||||
05/28/2019 | New Issuance | 34,328,200 | Common | 0.0003 | Yes | Posner) | conversion | Restricted | |
Crown Bridge | |||||||||
Partners, LLC | Convertible note | ||||||||
05/28/2019 | New Issuance | 34,320,000 | Common | 0.0002 | Yes | (Seth Ahdoot) | conversion | Restricted | |
FirstFire Global | |||||||||
Opportunities | |||||||||
Fund (Seth | Convertible note | ||||||||
05/28/2019 | New Issuance | 36,000,000 | Common | 0.0002 | Yes | Fireman) | conversion | Restricted | |
JSJ Investments | |||||||||
Inc. (Sameer | Convertible note | ||||||||
05/28/2019 | New Issuance | 35,389,771 | Common | 0.0002 | Yes | Hirji) | conversion | Restricted | |
Auctus Fund, | |||||||||
LLC (Lou | Convertible note | ||||||||
06/06/2019 | New Issuance | 43,027,563 | Common | 0.0002 | Yes | Posner) | conversion | Restricted | |
Super voting preferred | |||||||||
06/10/2019 | New Issuance | 51 | Preferred | N/A | N/A | Sam Ciacco | shares | N/A | |
EMA Financial | |||||||||
LLC (John | Convertible note | ||||||||
06/13/2019 | New Issuance | 37,000,000 | Common | 0.0002 | Yes | Scholz) | conversion | Restricted | |
FirstFire Global | |||||||||
Opportunities | |||||||||
Fund (Seth | Convertible note | ||||||||
06/13/2019 | New Issuance | 45,000,000 | Common | 0.0002 | Yes | Fireman) | conversion | Restricted | |
FirstFire Global | Convertible note | ||||||||
06/17/2019 | New Issuance | 49,000,000 | Common | 0.0002 | Yes | Opportunities | conversion | Restricted |
5
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DigitalTown Inc. published this content on 14 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 January 2022 21:54:39 UTC.
