OpenWorld, Inc. filed a Current Report on Form 8-K with the U.S. Securities and Exchange Commission on October 15, 2026, detailing changes to its corporate structure and leadership. The report indicates that Scott Greenberg resigned from the company's board of directors and all associated committees, effective October 15, 2026. The filing states that his resignation was not the result of any disagreements regarding the company's operations, policies, or practices.
Separately, the company announced amendments to its Articles of Incorporation. On September 30, 2026, the board approved the Amended and Restated Articles of Incorporation, which were submitted to stockholders for approval. On October 16, 2026, stockholders holding approximately 57.57% of the company's issued and outstanding common stock, representing a majority of the voting power, approved the Restated Articles via written consent under Nevada Revised Statutes.
The amendments authorize a new class of capital stock titled "blockchain common stock." This class consists of 500,000,000 shares with a par value of $0.001 per share, designated as a blank check class capable of being issued in one or more series. Additionally, the Restated Articles include an express election allowing the company to make distributions that would otherwise be prohibited by Nevada law.
Upon the effectiveness of the Restated Articles, the company's authorized capital stock will be divided into three classes: 675,000,000 shares of Common Stock, 500,000,000 shares of Blockchain Common Stock, and 75,000,000 shares of Preferred Stock, all with a par value of $0.001 per share. The Restated Articles are set to become effective following filing with the Nevada Secretary of State and the mailing of a definitive Information Statement to stockholders.
