Current Report Filing (8-k)
October 21 2016 - 4:02PM
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
October 21, 2016 (October 21, 2016)
Date of Report (Date of earliest event reported)
MassRoots, Inc.
(Exact name of registrant as specified in its
charter)
Delaware
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000-55431
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46-2612944
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(State
or other jurisdiction of incorporation)
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(Commission
File Number)
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(IRS
Employer Identification No.)
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1624
Market Street, Denver, CO, Suite 201
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80202
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(Address
of principal
executive
offices)
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(Zip
Code)
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(720)
442-0052
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(Registrant’s
telephone number, including area code)
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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):
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Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)
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[ ]
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Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12)
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[ ]
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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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[ ]
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Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c))
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Item 1.01
Entry into a Material Definitive Agreement.
From August
12, 2016 to October 21, 2016, MassRoots, Inc. (the “Company”) completed it registered direct offering to certain investors
(the “Offering”) pursuant to which we raised an aggregate in $5,000,000 in gross proceeds from the sale of shares
of the Company’s common stock, par value $0.001 (“Common Stock”), together with warrants (each whole warrant,
a “Warrant”), with one Warrant entitling the holder to purchase one share of Common Stock at a price equal to $0.90
per share. The purchase price paid by the investors was $0.50 for one share of Common Stock and one Warrant. The Warrants are
immediately exercisable and expire three years from the date of issuance. The shares of Common Stock and Warrants are immediately
separable and are issued separately. This Offering was closed on October 21, 2016.
A total of 10,000,000
shares of Common Stock and 10,000,000 Warrants were sold in the Offering and have been or will be issued pursuant to the Prospectus
dated August 12, 2016, as amended on August 19, 2016 and October 5, 2016.
The sale of
the securities in this Offering was made pursuant to Subscription Agreements by and among the Company and the Investors, the form
of which is attached as Exhibit 4.1. The form of Warrant is attached as Exhibit 4.2. The foregoing is only a brief description
of the material terms of the Offering and does not purport to be a complete description of the rights and obligations of the parties
thereunder and is qualified in its entirety by reference to the form of Subscription Agreement and the form of Warrant, which
are incorporated herein by reference.
Pursuant to
Rule 135, this Form 8-K does not constitute an offer to sell or the solicitation of an offer to buy securities, and shall not
constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of that jurisdiction.
Item 8.01
Other Events.
On October 21,
2016, the Company issued a press release titled “MassRoots Completes $5.0 Million Equity Financing.” A copy of the
press release is filed as Exhibit 99.1 hereto and incorporated herein by reference.
Item 9.01
Financial Statements and Exhibits.
(d) Exhibits.
4.1
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Form of Subscription Agreement for the Offering (incorporated
by reference to Exhibit 4.2 filed together with the Company’s Amendment No. 1 to the Registration Statement on Form S-1
on October 7, 2015)
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4.2
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Form of Warrant for the Offering (incorporated by reference
to Exhibit 4.3 filed together with the Company’s Amendment No. 1 to the Registration Statement on Form S-1 on October 7,
2015)
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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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MassRoots, Inc.
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Date: October 21, 2016
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By:
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/s/ Isaac Dietrich
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Isaac Dietrich
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Chief Executive Officer
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