OpenWorld, Inc.: director resigns and blockchain common stock authorized

What happened
The filing reports that stockholders holding approximately 57.57% of OpenWorld, Inc.’s issued and outstanding shares approved Amended and Restated Articles of Incorporation (the “Restated Articles”) by written consent on Oct 16, 2026. The filing also reports that Scott Greenberg notified the board of directors of his resignation as a member of the board and all committees thereof, effective Oct 15, 2026; the filing states Mr. Greenberg’s resignation was not due to any disagreement with the Company, the Company’s management or the Board on any matter relating to the Company’s operations, policies or practices.

Key details

• Stockholder approval: stockholders holding approximately 57.57% of issued and outstanding common stock, representing a majority of outstanding voting power, approved the Restated Articles by written consent pursuant to Section 78.320 of the Nevada Revised Statutes, on Oct 16, 2026.
• New authorized shares: upon effectiveness of the Restated Articles, authorized capital stock will consist of 675,000,000 shares of Common Stock, par value $0.001 per share; 500,000,000 shares of Blockchain Common Stock, par value $0.001 per share; and 75,000,000 shares of Preferred Stock, par value $0.001 per share.
• Restated Articles provisions: the amendments authorize a new class called “blockchain common stock” as a blank-check class issuable in one or more series and include an express election permitting distributions that otherwise would be prohibited by NRS 78.288(2)(b).
• Effectiveness: the Restated Articles will become effective upon filing with the Nevada Secretary of State following the expiration of the applicable notice period under Rule 14c-2 under the Securities Exchange Act of 1934 and following the mailing of the Company’s definitive Information Statement on Schedule 14C.

Why it may matter
The filing reports Item 5.03 (amendments to articles of incorporation or bylaws), which covers the Restated Articles and the new authorized classes of stock, and Item 5.02 (departure of directors or certain officers), which covers Mr. Greenberg’s resignation. A filing does not show why the insider traded or why the company acted.