Current Report Filing (8-k)
November 07 2016 - 2:01PM
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): November 7, 2016
BLOW
& DRIVE INTERLOCK CORPORATION
(Exact
name of registrant as specified in its charter)
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Delaware
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000-55053
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46-3590850
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(State
or Other Jurisdiction
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(Commission
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(I.R.S.
Employer
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of
Incorporation)
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File
Number)
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Identification
No.)
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1080
La Cienega Blvd, Suite 304
Los
Angeles, CA 90035
(Address
of Principal Executive Offices) (Zip Code)
(877)
238-4498
(Registrant’s
telephone number, including area code)
N/A
(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
8 — OTHER EVENTS
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Item
8.01
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Other
Events.
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On
or around November 3, 2016 the company materially completed Phase One of our October financing agreement with the Doheny Group
(see our October 7, 2016 8K filing). We completed the manufacturing, quality testing, the leasing and monetization of all
600 units required as per the Phase One agreements. As of the morning of November 4, 2016 we were materially sold-out of our
inventory. As a result, we immediately contacted the Doheny Group requesting the Phase Two funds. The Doheny Grouped acknowledged
that we had materially accomplished the goals setout of the Phase One agreements and immediately wired the company $210,000
for the procurement of parts and components. We confirmed receipt of funds from the Doheny Group later that same day. These
funds will be used for the procurement of the required parts list to be used for the assembly and production of an additional
1,000 BDI 747. We anticipate that our production of these new additional units will be complete within 90 days.
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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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Blow
& Drive Interlock, Corp
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A Delaware
Coporation
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By
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/s/
Laurence Wainer
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Name:
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Laurence
Wainer
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Title:
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Chief
Executive Officer and Chief Financial Officer
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Date:
November 7, 2016