Company: CCCP
Filing Date: 2025-03-18
Form Type: PRE 14C
Source: 0001477932-25-001808
Chunk: 2

Company: Crona Corp.
Filing Date: 2025-03-18
Form: PRE 14C
Chunk 2
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 set forth above. The accompanying Information Statement also serves as the notice required by the Section 17-16-724 of the Wyoming Statutes of the taking of a corporate action without a meeting by less than unanimous written consent of the Company’s stockholders.

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<div align='center'>WE ARE NOT ASKING YOU FOR A PROXY AND

YOU ARE REQUESTED NOT TO SEND A PROXY.

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ACTION TO BE TAKEN

AMENDMENT OF ARTICLES OF INCORPORATION

FOR REVERSE STOCK SPLIT</div>

The Amendment to the Company's Articles of Incorporation provides that each ten (10) shares of our Common Stock outstanding immediately prior to the Effective Date of the Amendment (the "Old Shares") will be automatically converted into one (1) share of our Common Stock (the "New Shares"), thereby reducing the number of outstanding shares of our Common Stock to approximately 658,750 shares, subject to rounding or the issuance of additional shares of our Common Stock. The Amendment does not change the par value of our common stock or the number of shares of our Common Stock authorized for issuance. We have no present intention, however, to issue any additional shares of our Common Stock before the Effective Date of the Amendment. In addition, the Amendment will have no effect on the number of shares of our Preferred stock issued or the number of shares of our Preferred stock authorized for issuance. The form of Amendment to the Articles of Incorporation that will be filed with the Wyoming Secretary of State is attached hereto as Exhibit A.

Purpose and Effect of Amendment.

Our Common Stock is currently quoted on the OTC Markets under the symbol "CCCP". On March 14, 2025, the last day on which our Common Stock traded, the last sale price of our common stock was $0.15 per share. Our Board of Directors believes that our relatively low per-share market price of our Common Stock impairs the acceptability of the Common Stock to potential acquisition candidates and certain members of the investing public, including institutional investors, as well as adversely affecting our ability to raise additional capital.

For these reasons, our Board of Directors has chosen to adopt and recommend the Amendment. We are not, however, a party to any binding agreement, acquisition agreement or agreement to raise additional working capital and we have not yet identified any appropriate business opportunities, nor can we be certain that the reverse stock split will have a long-term positive effect on the market price of our Common Stock, or increase our abilities to enter into acquisition