Current Report Filing (8-k)
August 10 2016 - 4:50PM
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 (Date of earliest event reported):
August 4, 2016
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Worlds Inc.
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(Exact name of registrant as specified in its charter)
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Delaware
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0-24115
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22-1848316
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(State
or other jurisdiction
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(Commission
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(IRS Employer
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of
incorporation)
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File Number)
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Identification No.)
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11
Royal Road, Brookline, Massachusetts
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02445
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(Address of principal
executive offices)
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(Zip Code)
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Registrant’s
telephone number, including area code: (617) 725-8900
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 (see General Instruction
A.2. below):
[ ] 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))
Item 3.02. Unregistered Sales of Equity Securities
On August 5, 2016 we completed a round of
financing of $350,000 through the sale of our common stock at a price per share of $0.01, which price was above the 10 day average
price of our stock. Each investor also received one warrant
per share exercisable for five years to purchase one share of our common stock at an exercise price of $0.012 per share. We plan
to file a registration statement to cover the shares sold in the financing as well as the shares underlying the warrants. The
financing was completed by officers of the registrant without requiring the services of a placement agent. The financing was an
exempt private placement under Regulation D with offers and sales made only to “accredited investors” without the
use of public advertising. The funds were used to prepay all of our outstanding convertible debentures and will be used to fund
ongoing litigation and for general corporate purposes.
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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WORLDS INC.
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Dated: August 10, 2016
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By:
/s/ Thomas Kidrin
Thomas Kidrin, President
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