Current Report Filing (8-k)
March 27 2015 - 9:16AM
Edgar (US Regulatory)
UNITED
STATE
SECURITIES
AND EXCHANGE COMMISSION
Washington, D.C.
20549
FORM 8-K
CURRENT REPORT
Pursuant to
Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report
(date of earliest event reported): March 27, 2015
THE PULSE BEVERAGE CORPORATION
(Exact
name of registrant as specified in its charter)
Nevada |
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000-53586 |
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36-4691531 |
(State
or other jurisdiction
of
incorporation) |
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(Commission File No.) |
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(IRS Employer
Identification No.) |
11678 N Huron Street
Northglenn,
CO 80234
(Address of
principal executive offices, including Zip Code)
Registrant’s
telephone number, including area code: (720) 382-5476
N/A
(Former name or
former address if changed since last report)
Check
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below)
[ ] |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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[ ] |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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[ ] |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 3.02. Unregistered
Sales of Equity Securities.
On March 27,
2015 the Company sold 10,050,000 Units to private investors at a price of $0.10
per unit.
Each Unit
consisted of one share of the Company’s common stock and one half warrant.
Each whole warrant allows the holder to purchase one share of the Company’s
common stock. Each warrant is exercisable at $0.20 per share and expires between
March 10, 2016 and March 26, 2016.
The Company relied upon the exemption from
registration provided by Section
4(2) of the Securities Act of 1933 with respect to the sale of the Units. The
purchasers of these securities were accredited investors who were provided full
information regarding the Company’s business and operations. There was no
general solicitation in connection with the offer or sale of these securities.
The purchasers acquired these securities for their own account. The shares and
warrants, and any shares of common stock issuable upon the exercise of the
warrants, cannot be sold unless pursuant to an effective registration statement
or an exemption from registration. No commissions were paid to any person in
connection with the sale of these securities.
Item 9.01 Financial
Statements and Exhibits
(d) Exhibits.
SIGNATURES
Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly
authorized.
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THE PULSE BEVERAGE CORPORATION |
Date: March 27,
2015 |
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By: |
/s/ Robert E. Yates |
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Robert E. Yates, Chief Executive Officer |
PULSE CLOSES FINANCING
DENVER – March 27, 2015 – The Pulse
Beverage Corporation (“Pulse”
or “the Company) (OTCQB: PLSB), makers of PULSE® Heart & Body Health
functional beverages and Natural Cabana® Lemonades, Limeades, and Coconut
Waters, announced today that today the Company closed a non-brokered private
placement and sold 10,050,000 Units to private investors at a price of $0.10
per unit. Each Unit consisted of one share of the Company’s common stock and
one half of a warrant. Each whole warrant allows the holder to purchase one
share of the Company’s common stock. Each warrant is exercisable at $0.20 per
share and expires between March 10, 2016 and March 26, 2016. The common shares will be issued
with a restrictive legend to satisfy all hold periods required by all
applicable securities rules and regulations.
The
funds will be used for general working capital purposes but primarily utilized
to expand our operations into Mexico and Canada and support working capital
growth.
“We are thrilled with the response to our fundraising efforts”, commented Robert E. Yates, CEO of Pulse, “It is gratifying to see our founding and early-on shareholders reinvest in us. With these additional funds we can accelerate our Mexico, Canada and domestic expansion plans.”
Pulse
encourages the public to review Pulse’s website and its public filings posted
on its website at www.pulsebeverage.com, or at www.sec.gov, which contain
information about Pulse that has been prepared by Pulse.
About The Pulse
Beverage Corporation
Pulse Beverage
Corporation is an emerging beverage company that offers beverage brands that
are great tasting, good-for-you, refreshing, low-calorie natural drinks,
including: PULSE® Heart & Body Health functional beverages, Natural Cabana®
Lemonade and Limeade and Natural Cabana® Coconut Water. Combining all-natural
ingredients, essential vitamins and minerals, Pulse’s line of beverages
provides consumers with high-quality, healthy alternatives at a reasonable
price. For more information, please visit: www.pulsebeverage.com or email
info@pulsebeverage.com.
Follow Pulse Beverage on Twitter at https://twitter.com/drinkpulsebev.
Become a Pulse
Beverage Facebook Fan at https://www.facebook.com/PulseBeverageCorporation.
Forward-Looking
Statements http:/ir.pulsebeverage.com/forward-looking-
statements
Investor
Relations Contact:
Colin
Banks
Acorn Management Partners
Phone: +678-736-5681
investors@pulsebeverage.com