0001144204-18-002368.txt : 20180117 0001144204-18-002368.hdr.sgml : 20180117 20180117110453 ACCESSION NUMBER: 0001144204-18-002368 CONFORMED SUBMISSION TYPE: 425 PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20180117 DATE AS OF CHANGE: 20180117 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WPCS INTERNATIONAL INC CENTRAL INDEX KEY: 0001086745 STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATION SERVICES, NEC [4899] IRS NUMBER: 980204758 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 425 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34643 FILM NUMBER: 18530613 BUSINESS ADDRESS: STREET 1: 521 RAILROAD AVE CITY: SUISUN STATE: CA ZIP: 94585 BUSINESS PHONE: 7074321300 MAIL ADDRESS: STREET 1: 521 RAILROAD AVE CITY: SUISUN STATE: CA ZIP: 94585 FORMER COMPANY: FORMER CONFORMED NAME: PHOENIX STAR VENTURES INC DATE OF NAME CHANGE: 20010424 FORMER COMPANY: FORMER CONFORMED NAME: WOWTOWN COM INC DATE OF NAME CHANGE: 20000315 FORMER COMPANY: FORMER CONFORMED NAME: PARAMOUNT SERVICES CORP DATE OF NAME CHANGE: 19990519 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: WPCS INTERNATIONAL INC CENTRAL INDEX KEY: 0001086745 STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATION SERVICES, NEC [4899] IRS NUMBER: 980204758 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 425 BUSINESS ADDRESS: STREET 1: 521 RAILROAD AVE CITY: SUISUN STATE: CA ZIP: 94585 BUSINESS PHONE: 7074321300 MAIL ADDRESS: STREET 1: 521 RAILROAD AVE CITY: SUISUN STATE: CA ZIP: 94585 FORMER COMPANY: FORMER CONFORMED NAME: PHOENIX STAR VENTURES INC DATE OF NAME CHANGE: 20010424 FORMER COMPANY: FORMER CONFORMED NAME: WOWTOWN COM INC DATE OF NAME CHANGE: 20000315 FORMER COMPANY: FORMER CONFORMED NAME: PARAMOUNT SERVICES CORP DATE OF NAME CHANGE: 19990519 425 1 tv483437_425.htm 425

 

Filed by WPCS International Incorporated

Pursuant to Rule 425 under the Securities Act of 1933

Subject Company: WPCS International Incorporated

Commission File No.: 001-34643

 

   

 

An Important Message Regarding the Merger of WPCS and DropCar

 

The Special Meeting of the stockholders of WPCS International Incorporated to consider various proposals regarding the proposed Merger with DropCar has been adjourned to 9:30 a.m. Eastern Standard Time on Tuesday January 30, 2018 at the offices of Morse, Zelnick, Rose & Lander, LLP, 825 Third Avenue, 16th Floor, New York, NY 10022. The Special Meeting was adjourned so WPCS can continue to solicit votes in favor of the proposals. The Record Date for the Special Meeting, December 14, 2017, has not been changed.

 

Your vote is extremely important! The Merger cannot be consummated without stockholder approval of Proposal Nos. 1, 2, 3 and 4.

 

Proposal 1: To approve the Agreement and Plan of Merger and Reorganization between WPCS and DropCar.

 

Proposal 2: To approve an amendment to the WPCS Charter changing the WPCS corporate name to “DropCar, Inc.”

 

Proposal 3: To approve an amendment to the WPCS Charter effecting a reverse stock split of WPCS’ issued and outstanding common stock within a range of every 1.5 to 10 shares of outstanding WPCS common stock being combined and reclassified into one share of WPCS common stock.

 

Proposal 4: To approve an increase in the total number of shares of WPCS common stock currently available for issuance under the Merger and Reorganization Plan by 6,450,000 shares, prior to giving effect to any reverse stock split to be effected in connection with the Merger.

 

Your support for the above proposals is vitally important to consummate the Merger of WPCS and DropCar. The board of directors of each company has approved the Merger and believes that the Merger is in the best interests of the stockholders of the respective companies. The board of directors of WPCS has recommended that the WPCS stockholders vote FOR each of the proposals.

 

**Please take a moment to vote by one of the convenient methods

provided on the enclosed proxy card**

 

If you have already voted you do not need to take any further action.

 

If you have any questions or require assistance voting, please contact our proxy solicitor Alliance Advisors toll free at (855) 973-0095.

 

 

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