Current Report Filing (8-k)
July 20 2016 - 1:53PM
Edgar (US Regulatory)
UNITED STATES
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: July
19, 2016
CROWDGATHER, INC.
(Exact name of registrant as specified in
its charter)
NEVADA
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|
000-52143
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20-2706319
|
(State or other jurisdiction of incorporation)
|
|
(Commission File Number)
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(IRS Employer Identification Number)
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23945 CALABASAS ROAD, SUITE 115,
CALABASAS, CA 91302
(Address of Principal Executive Offices)
(Zip Code)
(818) 435-2472
Registrant's telephone number, including
area code
_____________________________________________________
(Former name or former address, if
changed since last report)
Check the 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:
[
] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[
] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
[
] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[
] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
SECTION 3 -
SECURITIES AND TRADING MARKETS
Item 3.02
Unregistered Sales of Equity Securities
On July 19, 2016, Crowdgather,
Inc. (the "Company") issued 5,793,267 shares of restricted common stock to
Sanjay Sabnani (CEO) related to a $56,000 loan on April 13, 2015. The
shares were issued pursuant to a settlement of a Promissory Note. Mr. Sabnani converted the
remaining $57,932.67 due to him into 5,793,267 shares of restricted common stock
of CrowdGather, Inc. The conversion rate was $0.01 per share and this
conversion extinguishes the Note.
The Registrant relied upon
Section 4(a) of the Securities Act of 1933, as amended, for the offer and sale
of its stock. It believed that Section 4(a) was available because the
offer and sale was not a public offering of its securities and there was no
general solicitation or general advertising involved in the offer or sale.
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.
CrowdGather,
Inc.
By:
/s/ Sanjay Sabnani
____________________________________
Sanjay
Sabnani
Title: CEO,
President, Secretary, Director and Chairman of the Board
Date: July 20, 2016
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