UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE DEF-14C
Information Statement Pursuant to Section 14(c)
of the Securities Exchange Act of 1934
| Check the appropriate box: |
| |
| ☐ |
Preliminary Information Statement |
| ☐ |
Confidential, For Use of the Commission Only (as Permitted by Rule 14c-5(d)(2) |
| ☒ |
Definitive Information Statement |
WB Burgers Asia, Inc.
(Name of Registrant as Specified in its Charter)
(Name of Person(s) Filing Proxy Statement, if other
than the Registrant)
| Payment of Filing Fee (Check the appropriate box): |
| |
| ☒ |
No fee required |
| |
|
| ☐ |
Fee computed on table below per Exchange Act Rules 14c-5(g) and 0-11. |
| |
|
| (1) |
Title of each class of securities to which transaction applies: |
| |
|
| (2) |
Aggregate number of securities to which transaction applies: |
| |
|
| (3) |
Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): |
| |
|
| (4) |
Proposed maximum aggregate value of transaction: |
| |
|
| (5) |
Total fee paid: |
| |
|
| ☐ |
Fee paid previously with preliminary materials: |
| |
|
| ☐ |
Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. |
| |
|
| (1) |
Amount previously paid: |
| |
|
| (2) |
Form, Schedule or Registration Statement No.: |
| |
|
| (3) |
Filing Party: |
| |
|
| (4) |
Date Filed: |
THIS
INFORMATION STATEMENT IS BEING PROVIDED TO
YOU
BY THE BOARD OF DIRECTORS OF WB Burgers Asia, INC.
WE
ARE NOT ASKING YOU FOR A PROXY AND YOU ARE
REQUESTED
NOT TO SEND US A PROXY
WB Burgers Asia, Inc.
3F
K’s Minamiaoyama
6-6-20
Minamiaoyama, Minato-ku,
Tokyo
107-0062, Japan
+81-90-6002-4978
Notice
of Action by Written Consent of Stockholders to be Effective December 6, 2023 or as soon as practicable thereafter.
To the Holders of Common Stock of WB Burgers Asia, Inc.:
WB Burgers Asia, Inc., a Nevada Corporation,
(the “Company”), hereby notifies our stockholders of record on November 6, 2023, that stockholders holding approximately 78.50%
of the voting power have approved, by written consent in lieu of a special meeting on November 3, 2023, the following proposal(s):
Proposal(s): To conduct a 100 to 1 Reverse Stock Split, effecting only the outstanding Common Shares of the Company. Accordingly, the
Company will file a Certificate of Change (the “Certificate”) pursuant to Nevada Revised Statutes (“NRS”)
Section 78.209 with the Secretary of State of the State of Nevada on December 6, 2023, or as soon as practicable thereafter, which
is at least 20 calendar days following the date the Company first mailed the Information Statement to its stockholders.
In
connection with the Reverse Stock Split detailed herein, the Company will file with the Financial Industry Regulatory Authority (FINRA)
an Over-The-Counter (OTC) Corporate Action for the Reverse Stock Split to be processed by FINRA and published on the FINRA Daily List.
The actions taken pursuant to the written consent shall be taken on or about December 6, 2023, 20 calendar days after the mailing of this
Information Statement.
This
Information Statement is first being mailed to our stockholders of record as of the close of business on November 6, 2023. The actions
contemplated herein will not be effective prior to December 6, 2023, a date which is meant to allow sufficient time to accommodate at
least 20 days after the date on which our definitive Information Statement is first mailed to our stockholders of record. You are urged
to read the Information Statement in its entirety for a description of the action taken by the majority stockholders of the Company.
WE ARE NOT ASKING YOU FOR A PROXY
AND YOU ARE REQUESTED NOT TO SEND US A PROXY
The action(s) to be effective at least 20 days after
the mailing of this Information Statement are:
Proposal(s):
To conduct a 100 to 1 Reverse Stock Split, effecting only the outstanding Common Shares of the Company. Accordingly, the Company
will file a Certificate of Change (the “Certificate”) pursuant to Nevada Revised Statutes (“NRS”) Section 78.209
with the Secretary of State of the State of Nevada on December 6, 2023, or as soon as practicable thereafter, which is at least 20
calendar days following the date the Company first mailed the Information Statement to its stockholders.
In
connection with the Reverse Stock Split detailed herein, the Company will file with the Financial Industry Regulatory Authority (FINRA)
an Over-The-Counter (OTC) Corporate Action for the Reverse Stock Split to be processed by FINRA and published on the FINRA Daily List.
Pursuant
to the proposed action, there is to be no change in the quantity of our authorized shares of Common or Preferred Stock.
As
described in this Information Statement, the Majority Stockholders, collectively representing approximately 78.50% of the voting
power of the Company, as well as the Board of Directors, approved the aforementioned Proposals by written consent in lieu of a
meeting by the Directors and Shareholders holding the majority of the voting power of the Company.
The actions taken pursuant to the written consent shall be taken on or about December 6, 2023, 20 calendar days after the mailing of this
Information Statement.
This is not a notice of a meeting of stockholders
and no stockholders’ meeting will be held to consider the matters described herein. This Information Statement is being furnished
to you solely for the purpose of informing stockholders of the matters described herein pursuant to Section 14(c) of the Exchange Act
and the regulations promulgated thereunder, including Regulation 14C.
ACCORDINGLY, WE ARE NOT ASKING YOU FOR A PROXY,
AND YOU ARE REQUESTED NOT TO SEND US A PROXY. NO PROXY CARD HAS BEEN ENCLOSED WITH THIS INFORMATION.
This Information Statement will serve as written notice
to stockholders of the Company pursuant to the Nevada Revised Statutes.
| By Order of the Board of Directors. |
|
| November 16, 2023 |
/s/ Koichi Ishizuka |
| |
Koichi Ishizuka |
| |
Chief Executive Officer; Director |
INFORMATION
STATEMENT REGARDING
ACTION
TAKEN BY WRITTEN CONSENT OF
THE
MAJORITY SHAREHOLDERS
IN
LIEU OF A SPECIAL MEETING
WE
ARE NOT ASKING YOU FOR A PROXY
AND
YOU ARE REQUESTED NOT TO SEND US A PROXY.
WB Burgers Asia, Inc.
3F
K’s Minamiaoyama
6-6-20
Minamiaoyama, Minato-ku,
Tokyo
107-0062, Japan
+81-90-6002-4978
INFORMATION STATEMENT
GENERAL INFORMATION
This Information Statement has been filed with
the Securities and Exchange Commission (the “SEC”) and is being sent, pursuant to Section 14C of the Exchange
Act, to the holders of record as of November 6, 2023 (the “Record Date”) of Common Stock, $0.0001 par value (the
“Common Stock”), of WB Burgers Asia, Inc. a Nevada corporation (the “Company,”
“we,” “our” or “us”), to notify holders of our Common Stock of
the following:
Stockholders holding approximately 78.50%
of the voting power have approved, by written consent in lieu of a special meeting on November 3, 2023, the following proposal(s):
Proposal(s):
To conduct a 100 to 1 Reverse Stock Split, effecting only the outstanding Common Shares of the Company. Accordingly, the Company will
file a Certificate of Change (the “Certificate”) pursuant to Nevada Revised Statutes (“NRS”) Section 78.209 with
the Secretary of State of the State of Nevada on December 6, 2023, or as soon as practicable thereafter, which is at least 20 calendar
days following the date the Company first mailed the Information Statement to its stockholders.
In
connection with the Reverse Stock Split detailed herein, the Company will file with the Financial Industry Regulatory Authority (FINRA)
an Over-The-Counter (OTC) Corporate Action for the Reverse Stock Split to be processed by FINRA and published on the FINRA Daily List.
Pursuant
to the proposed action, there is to be no change in the quantity of our authorized shares of Common or Preferred Stock.
We
anticipate that we will file an 8-K with the Securities and Exchange Commission after completion of our FINRA corporate action that
may include, amongst other details, our new CUSIP number for our Common Stock and other pertinent information. The legal date of the
Certificate of Change we will file with the Nevada Secretary of State in connection with our Reverse Stock Split may not be the same
exact date as the FINRA effective date of our Reverse Stock Split.
The actions taken pursuant to the written consent shall be taken on or about December 6, 2023, 20 calendar days after the mailing of this
Information Statement.
This
Information Statement is first being mailed to our stockholders of record as of the close of business on November 6, 2023. The actions
contemplated herein will not be effective prior to December 6, 2023, a date which is meant to allow sufficient time to accommodate at
least 20 days after the date on which our definitive Information Statement is first mailed to our stockholders of record. You are urged
to read the Information Statement in its entirety for a description of the action taken by the majority stockholders of the Company.
The
reverse stock split will be effected by the Company filing a Certificate of Change (the “Certificate”) pursuant to
Nevada Revised Statutes (“NRS”) Section 78.209 with the Secretary of State of the State of Nevada on December 6, 2023,
or as soon as practicable thereafter. The Certificate is not effective until the Effective Date. Under Nevada law, no amendment to the Company’s Articles of
Incorporation is required in connection with the reverse stock split.
Under the NRS, stockholders are not entitled to dissenters’ rights with respect to the Reverse Stock Split.
This Information Statement is being
furnished for informational purposes only.
Our
Board of Directors is not soliciting your proxy or consent in connection with the aforementioned Reverse Stock Split or
Proposals. You are urged to read this Information Statement carefully and in its entirety for a description of the corporate action
taken by the Majority Stockholders and Board of Directors.
The
entire cost of furnishing this Information Statement will be borne by the Company.
We will commence mailing the notice to the holders
of Common Stock on or about November 16, 2023.
PLEASE NOTE THAT THIS IS NOT A REQUEST FOR YOUR
VOTE OR A PROXY STATEMENT, BUT RATHER AN INFORMATION STATEMENT DESIGNED TO INFORM YOU OF CERTAIN ACTIONS TAKEN BY THE MAJORITY STOCKHOLDERS.
DESCRIPTION
OF CAPITAL STOCK
We have authorized capital stock consisting of 5,000,000,000
shares of Common Stock, $0.0001 par value per share (“Common Stock”) and 200,000,000 shares of Preferred Stock, $0.0001 par
value per share (“Preferred Stock”). Of the shares of our Preferred Stock, 1,000,000 are designated as Series A Preferred
Stock, having voting rights whereas every one share of Series A Preferred Stock has voting rights equivalent to 1,000 shares of Common
Stock.
As of the date of this filing,
we have 2,072,642,444 shares of Common Stock and 0 shares of Preferred Stock issued and outstanding.
Common Stock
Holders of shares of Common Stock
shall be entitled to cast one vote for each share held at all stockholders' meetings for all purposes, including the election of directors.
The Common Stock does not have cumulative voting rights. No holder of shares of stock of any class or series shall be entitled as a matter
of right to subscribe for or purchase or receive any part of any new or additional issue of shares of stock of any class or series, or
of securities convertible into shares of stock of any class or series, whether now hereafter authorized or whether issued for money, for
consideration other than money, or by way of dividend.
Preferred Stock
Two hundred million (200,000,000)
shares are designated as preferred stock at $0.0001 par value (the “Preferred Stock”). One million (1,000,000) shares of Preferred
Stock shall be designated as Series A Preferred Stock. Every share of Series A Preferred Stock may be converted into one thousand (1,000)
shares of Common Stock at the discretion of the holder(s) of Series A Preferred Stock., and every vote of Series A Preferred Stock shall
have voting rights equal to 1,000 votes of Common Stock.
The Preferred Stock of the Corporation
shall be issuable by authority of the Board of Director(s) of the Corporation in one or more classes or one or more series within any
class and such classes or series shall have such voting powers, full or limited, or no voting powers, and such designations, preferences,
limitations or restrictions as the Board of Directors of the Corporation may determine, from time to time. The authority of the Board
of Directors with respect to each class or series shall include all designation rights conferred by Nevada Laws upon directors, including,
but not limited to, determination of the following:
(a) The number of shares constituting
of that class or series and the distinctive designation of that class or series;
(b) The dividend rate on the share
of that class or series, whether dividends shall be cumulative, and, if so, from which date or dates, and the relative rights or priorities,
if any, of payment of dividends on shares of that class or series;
(c) Whether the shares of that
class or series shall have conversion privileges, and, if so, the terms and conditions of such privileges, including provision for adjustment
of conversion rate(s) in relation to such events as the Board of Directors shall determine;
(d) Whether the shares of that
class or series shall be redeemable, and, if so, the terms and conditions of such redemption, including the date or dates upon or after
which amount they shall be redeemable, and the amount per share payable in case of redemption, which amount may vary under different conditions
and at different redemption dates;
(e) Whether there shall be a sinking
fund for the redemption or purchase of shares of that class or series, and, if so, the terms and amount of such sinking fund;
(f) The rights of the shares of
that class or series in the event of voluntary or involuntary liquidation, dissolution or winding up of the Corporation, and the relative
rights of priority, if any, of payment of shares of that class or series; and
(g) Any other relative rights,
preferences and limitations of that class or series now or hereafter permitted by law.
Options and Warrants
None.
Convertible Notes
None.
Dividend Policy
We have not paid any cash dividends
to shareholders. The declaration of any future cash dividends is at the discretion of our board of directors and depends upon our earnings,
if any, our capital requirements and financial position, general economic conditions, and other pertinent conditions. It is our
present intention not to pay any cash dividends in the foreseeable future, but rather to reinvest earnings, if any, in our business operations.
Holders
As of the date of this information statement, we have approximately 224 shareholders of record.
Transfer Agent
Our transfer agent is Olde Monmouth
Stock Transfer Co., Inc. Their mailing address is 200 Memorial Parkway Atlantic Highlands, NJ 07716.
VOTING SECURITIES
As
of the date of this Information Statement, our voting securities consist of our shares of our Common Stock, par value $0.0001 per
share (“Common Stock”) of which 2,072,642,444 shares of Common Stock are issued and outstanding. At this time we have
no shares of Preferred Stock issued and outstanding.
Our
Certificate of Change, which needs to be filed with the Nevada Secretary of State to effectuate our Reverse Stock Split, requires
the affirmative consent of our majority shareholders, which has been obtained by White Knight Co., Ltd., which is owned and
controlled by Koichi Ishizuka, as well as Koichi Ishizuka individually. Collectively, White Knight Co., Ltd. and Koichi Ishizuka beneficially own approximately 78.50% of the issued and outstanding shares of our Common
Stock.
White
Knight Co., Ltd., controlled entirely by Koichi Ishizuka, Koichi Ishizuka individually, and our Board of Directors, consisting solely of Koichi
Ishizuka, have approved the proposed action(s) herein.
Koichi
Ishizuka, through both his direct and indirect ownership of the Company, has the power to pass the proposed corporate actions
detailed herein without the concurrence of any of our other stockholders.
This
Information Statement will be mailed on or about November 16, 2023 to stockholders of record as of the Record Date and is being
delivered to inform you of the corporate action described herein before such action takes effect in accordance with Rule 14c-2 of
the Securities Exchange Act of 1934.
The
entire cost of furnishing this Information Statement will be borne by the Company. We will request brokerage houses, nominees, custodians,
fiduciaries and other like parties to forward this Information Statement to the beneficial owners of our voting securities held of record
by them, and we will reimburse such persons for out-of-pocket expenses incurred in forwarding such material.
Dissenters’
Rights of Appraisal
No dissenters’ or appraisal rights are available
to the Company’s stockholders as of the Record Date under Nevada law, the Restated Certificate of Incorporation, or the bylaws of
the Company in connection with the Actions.
ACTIONS TO BE TAKEN
On November 3, 2023, the Board, along with White
Knight Co., Ltd. and Koichi Ishizuka, “the Consenting Stockholders”, as well as our Board of Directors, consisting
solely of Koichi Ishizuka, approved the following proposal(s):
Proposal(s):
To conduct a 100 to 1 Reverse Stock Split, effecting only the outstanding Common Shares of the Company. Accordingly, the Company will
file a Certificate of Change (the “Certificate”) pursuant to Nevada Revised Statutes (“NRS”) Section 78.209 with
the Secretary of State of the State of Nevada on December 6, 2023, or as soon as practicable thereafter, which is at least 20 calendar
days following the date the Company first mailed the Information Statement to its stockholders.
In
connection with the Reverse Stock Split detailed herein, the Company will file with the Financial Industry Regulatory Authority (FINRA)
an Over-The-Counter (OTC) Corporate Action for the Reverse Stock Split to be processed by FINRA and published on the FINRA Daily List.
Pursuant
to the proposed action, there is to be no change in the quantity of our authorized shares of Common or Preferred Stock.
The actions taken pursuant to the written consent shall be taken on or about December 6, 2023, 20 calendar days after the mailing of this
Information Statement.
Purpose
of the Reverse Stock Split
The
Company’s Board of Directors, consisting solely of Koichi Ishizuka, and our Majority Shareholders, comprised of White Knight
Co., Ltd., which is owned and controlled by Koichi Ishizuka, as well as Koichi Ishizuka individually, believe that the Reverse Stock
Split is in the best interests of the Company and its shareholders.
It
is the belief of the Board of Directors, and the Majority Shareholders, that the Reverse Stock Split is in the best interests of the
Company primarily for the following reasons, although these are not necessarily the sole rationale behind this decision:
The
Board of Directors and Majority Shareholders believe that the Reverse Stock Split will improve the marketability and liquidity of
the Common Stock. The Company believes that the increased market price of its Common Stock, expected as a result of implementing the
Reverse Stock Split, may improve the marketability and liquidity of its Common Stock and may encourage interest and trading in its
Common Stock. The Reverse Stock Split could allow a broader range of institutions to invest in Common Stock (namely, funds that are
prohibited from buying stocks whose price is below a certain threshold), potentially increasing the liquidity of its Common Stock.
Because of the trading volatility often associated with low-priced stocks, many brokerage firms and or institutional investors have
internal policies and practices that prohibit them from investing in low-priced stocks. However, the liquidity of the Common Stock
may in fact be adversely affected by the proposed Reverse Stock Split given the reduced number of shares that would be outstanding
after the Reverse Stock Split.
Risks
of the Reverse Stock Split
The
Reverse Stock Split may not have the effect that the Company anticipates, which would prevent the Company from realizing some of the
anticipated benefits of the Reverse Stock Split. The immediate effect of the Reverse Stock Split would be to reduce the number of
shares of outstanding Common Stock and to potentially increase the trading price of the Company’s Common Stock. However, the effect
of any effected Reverse Stock Split upon the market price of the Common Stock cannot be predicted, and the history of reverse stock splits
for companies in similar circumstances sometimes improves stock performance, but in many cases does not. There can be no assurance that
the trading price of the Common Stock after the Reverse Stock Split will rise in proportion to the reduction in the number of shares
of the Company’s Common Stock outstanding as a result of the Reverse Stock Split or remain at an increased level for any period.
Also, there is no assurance that the stock price would not decline below the anticipated stock price following the Reverse Stock Split.
The trading price of the Common Stock may change due to a variety of other factors, including’s operating results, other factors
related to the Company’s business and general market conditions. In addition, the fewer number of shares that will be available
to trade will possibly cause the trading market of the Common Stock to become less liquid, which could have an adverse effect on the
price of the Common Stock.
Effects
of the Reverse Stock Split
Reduction
of Shares Held by Individual Stockholders. After the Effective Split Time, each Common Stockholder will own fewer shares of the
Company’s Common Stock. However, the Reverse Stock Split will affect all of the Common Stockholders uniformly and will not
affect any Common Stockholder’s percentage ownership interests in the Company, except to the extent that the Reverse Stock
Split results in any of its stockholders owning a fractional share as described below. Any fractional share shall be rounded up to
the nearest whole share. Further, any stockholder as of the Effective Split Time who owns at least 100 shares will not own less than
100 shares as a result of the Reverse Stock Split.
Authorized
Shares of Common Stock. The Reverse Stock Split, if implemented, would not change the number of authorized shares of the Common
Stock as designated by the Articles. Therefore, because the number of issued and outstanding shares of Common Stock would decrease, the
number of shares remaining available for issuance of Common Stock would increase.
Other
Effects on Outstanding Shares. If the Reverse Stock Split is implemented, the rights and preferences of the outstanding shares of
the Common Stock would remain the same after the Reverse Stock Split. Each share of Common Stock issued pursuant to the Reverse Stock
Split would be fully paid and non-assessable.
STATE
FILING
The
Reverse Stock Split will be effected by the Company filing a Certificate of Change (the “Certificate”) pursuant to
Nevada Revised Statutes (“NRS”) Section 78.209 with the Secretary of State of the State of Nevada on December 6, 2023,
or as soon as practicable thereafter, which is at least 20 calendar days following the date the Company first mailed
the Information Statement to its stockholders.
In
connection with the Reverse Stock Split detailed herein, the Company will file with the Financial Industry Regulatory Authority
(FINRA) an Over-The-Counter (OTC) Corporate Action for the Reverse Stock Split to be processed by FINRA and published on the FINRA
Daily List. As a result of the Reverse Stock Split we anticipate that our ticker symbol may change for a temporary period of time,
with the addition of a “D”. In connection with our Reverse Stock Split we will receive a new CUSIP number.
We
anticipate that we will file an 8-K with the Securities and Exchange Commission after completion of our FINRA corporate action that may
include, amongst other details, our new CUSIP number for our Common Stock and other pertinent information.
The
legal date of the Certificate of Change we will file with the Nevada Secretary of State in connection with our
Reverse Stock Split may not be the same exact date as the FINRA effective date of our Reverse Stock Split.
See Appendix A for the text
of the Certificate of Change.
SECURITY OWNERSHIP OF CERTAIN
BENEFICIAL OWNERS AND MANAGEMENT
The following sets forth
information as of November 3, 2023, regarding the number of shares of our Common Stock beneficially owned by (i) each person that we
know beneficially owns more than 5% of our outstanding Common Stock, (ii) each of our directors and named executive officer and (iii)
all of our directors and named executive officer as a group.
Beneficial ownership and percentage ownership are
determined in accordance with the rules of the SEC. Under these rules, beneficial ownership generally includes any shares as to which
the individual or entity has sole or shared voting power or investment power and includes any shares that an individual or entity has
the right to acquire beneficial ownership of within 60 days of November 3, 2023, through the exercise of any option, warrant or similar
right (such instruments being deemed to be “presently exercisable”). In computing the number of shares beneficially owned
by a person and the percentage ownership of that person, shares of our common stock that could be issued upon the exercise of presently
exercisable options and warrants are considered to be outstanding. These shares, however, are not considered outstanding as of November 3, 2023 when computing the percentage ownership of each other person.
The percentage of voting control
held by each listed person and/or entity is based on 2,072,642,444 shares of Common Stock, $0.0001 par value, issued and outstanding
and 0 shares of Preferred Stock, $0.0001 par value, issued and outstanding as of the date of this report.
| Name and Address of Beneficial Owner |
Shares of Common Stock Beneficially Owned |
Common Stock Voting Percentage Beneficially Owned |
Voting Shares Preferred Stock Are Able to Vote |
Preferred Stock Voting Percentage Beneficially Owned |
Total Voting Percentage Beneficially Owned (1) |
| Executive Officers and Directors |
|
|
|
|
|
| Koichi Ishizuka 1 |
101,363,636 |
4.89% |
0 |
0.0% |
4.89% |
| 5% or greater Shareholders (of any class) |
|
|
|
|
|
| White Knight Co., Ltd. 2 |
1,525,575,514 |
73.61% |
0 |
0% |
73.61% |
| Total |
1,626,939,150 |
78.50% |
0 |
0% |
78.50% |
1 The row above for Koichi Ishizuka denotes shares held under
his personal name.
2 White Knight Co., Ltd., is owned entirely by our sole officer
and Director, Koichi Ishizuka.
Note: Collectively, Koichi Ishizuka and White Knight Co., Ltd.
own and control 1,626,939,150 shares of Common Stock as of the date of this Information Statement.
Beneficial ownership has been determined in accordance
with Rule 13d-3 under the Exchange Act. Under this rule, certain shares may be deemed to be beneficially owned by more than one person
(if, for example, persons share the power to vote or the power to dispose of the shares). In addition, shares are deemed to be beneficially
owned by a person if the person has the right to acquire shares (for example, upon exercise of an option or warrant) within 60 days of
the date as of which the information is provided. In computing the percentage ownership of any person, the amount of shares is deemed
to include the amount of shares beneficially owned by such person by reason of such acquisition rights. As a result, the percentage of
outstanding shares of any person as shown in the following table does not necessarily reflect the person’s actual voting power at
any particular date.
INTEREST
OF CERTAIN PERSONS IN MATTERS TO BE ACTED UPON
No
director, executive officer, nominee for election as a director, associate of any director, executive officer or nominee, or any
other person, has any substantial interest, direct or indirect, in the Name Change or Proposals detailed herein that are not shared
by all other stockholders.
DELIVERY OF DOCUMENTS TO STOCKHOLDERS
SHARING AN ADDRESS
If hard copies of the materials are requested,
we will send only one Information Statement and other corporate mailings to stockholders who share a single address unless we
received contrary instructions from any stockholder at that address. This practice, known as “householding,” is designed
to reduce our printing and postage costs. However, the Company will deliver promptly upon written or oral request a separate copy of
the Information Statement to a stockholder at a shared address to which a single copy of the Information Statement was delivered.
You may make such a written or oral request by (a) sending a written notification stating (i) your name, (ii) your shared address
and (iii) the address to which the Company should direct the additional copy of the Information Statement, to WB Burgers Asia, Inc.,
3F K’s Minamiaoyama 6-6-20, Minamiaoyama, Minato-ku, Tokyo, 107-0062, Japan, Attn: Chief Executive Officer,
Koichi Ishizuka.
If multiple stockholders sharing an address have received
one copy of this Information Statement or any other corporate mailing and would prefer the Company to mail each stockholder a separate
copy of future mailings, you may mail notification to, or call the Company at, its principal executive offices. Additionally, if current
stockholders with a shared address received multiple copies of this Information Statement or other corporate mailings and would prefer
the Company to mail one copy of future mailings to stockholders at the shared address, notification of such request may also be made by
mail or telephone to the Company’s principal executive offices.
CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING
INFORMATION
This Information Statement may contain
“forward-looking statements” made under the “safe harbor” provisions of the Private Securities Litigation
Reform Act of 1995. The statements include, but are not limited to, statements concerning the effects of the Reverse Stock Split outlined above and statements using terminology such as “expects,” “should,”
“would,” “could,” “intends,” “plans,” “anticipates,”
“believes,” “projects” and “potential.” Such statements reflect the current view of the Company
with respect to future events and are subject to certain risks, uncertainties and assumptions. Known and unknown risks,
uncertainties and other factors could cause actual results to differ materially from those contemplated by the statements.
In evaluating these statements, you should specifically
consider various factors that may cause our actual results to differ materially from any forward-looking statements. You should carefully
review the risks listed, as well as any cautionary language, in this Information Statement and the risk factors detailed under “Risk
Factors” in the documents incorporated by reference in this Information Statement, which provide examples of risks, uncertainties
and events that may cause our actual results to differ materially from any expectations we describe in our forward-looking statements.
There may be other risks that we have not described that may adversely affect our business and financial condition. We disclaim any obligation
to update or revise any of the forward-looking statements contained in this Information Statement. We caution you not to rely upon any
forward-looking statement as representing our views as of any date after the date of this Information Statement. You should carefully
review the information and risk factors set forth in other reports and documents that we file from time to time with the SEC.
ADDITIONAL INFORMATION
We are subject to the disclosure requirements of the
Exchange Act, and in accordance therewith, file reports, information statements and other information, including annual and quarterly
reports on Form 10-K and 10-Q, respectively, with the SEC. Reports and other information filed by the Company can be inspected and copied
at the public reference facilities maintained by the SEC, 100 F Street, N.E., Washington, DC 20549. In addition, the SEC maintains a web
site on the Internet (http://www.sec.gov) that contains reports, information statements and other information regarding issuers
that file electronically with the SEC through the Electronic Data Gathering, Analysis and Retrieval System.
A copy of any public filing is also available,
at no cost, by writing to WB Burgers Asia, Inc., 3F K’s Minamiaoyama 6-6-20, Minamiaoyama, Minato-ku, Tokyo, 107-0062
Japan, Attn: Chief Executive Officer, Koichi Ishizuka. Any statement contained in a document that is incorporated by
reference will be modified or superseded for all purposes to the extent that a statement contained in this Information Statement (or
in any other document that is subsequently filed with the SEC and incorporated by reference) modifies or is contrary to such
previous statement. Any statement so modified or superseded will not be deemed a part of this Information Statement except as so
modified or superseded.
This Information Statement is provided to the holders
of Common Stock of the Company only for information purposes in connection with the Action, pursuant to and in accordance with Rule 14c-2
of the Exchange Act. Please carefully read this Information Statement.
| |
By Order of the Board of Directors |
| |
|
| November 16, 2023 |
/s/ Koichi Ishizuka |
| |
Koichi Ishizuka |
| |
Chief
Executive Officer, Sole Director |
APPENDIX A
WB Burgers Asia (CE) (USOTC:WBBA)
Historical Stock Chart
From Oct 2024 to Nov 2024
WB Burgers Asia (CE) (USOTC:WBBA)
Historical Stock Chart
From Nov 2023 to Nov 2024
