Current Report Filing (8-k)
October 16 2018 - 10:06AM
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): October 16, 2018 (September 27, 2018)
GOOD
GAMING, INC.
(Exact
name of registrant as specified in charter)
Nevada
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000-53949
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26-3988293
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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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415
McFarlan Road, Suite 108
Kennett
Square, PA 19348
(Address
of Principal Executive Offices) (Zip Code)
(888)
295-7279
(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 (
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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Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging
growth company [ ]
If
an emerging growth company, indicate by check mart if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
Item
1.01 Entry into a Material Agreement.
On
September 27, 2018, Good Gaming, Inc. (the
“Company”
) and ViaOne Services, LLC, a Texas Limited Liability Company
(“
ViaOne
”), entered into a Line of Credit Agreement (the “
Agreement
”), pursuant to
which the Company issued a secured promissory note with the initial principal amount of $25,000 to ViaOne in exchange for a loan
of $25,000 (the “
Initial Loan Amount
”). In accordance with this Agreement, the Company may request ViaOne to
provide loans of up to $250,000, including the Initial Loan Amount, and ViaOne has the right to decide whether it will honor such
request. The promissory note (the “
Promissory Note
“) which is Exhibit A to the Agreement states that the Initial
Loan Amount shall become due on September 30, 2019 (the “
Maturity Date
”) and bears an interest rate of 8.0%
per annum. The unpaid principal and interest of the Promissory Note after the Maturity Date shall accrue interest at a rate of
18.0% per annum. The principal amount of the Promissory Note may increase from time to time up to $250,000 in accordance with
the terms and conditions of the Agreement. In connection with the Agreement and Promissory Note, the Company and ViaOne executed
a security agreement dated September 27, 2018 whereby the Company granted ViaOne a security interest in all of its assets, including
without limitation cash, inventory, account receivables, real property and intellectual properties, to secure the repayment of
the loans made pursuant to the Agreement and Promissory Note.
Item
9.01. Financial Statements and Exhibits.
(d)
Exhibits.
SIGNATURE
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.
Date:
October 16, 2018
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Good
Gaming, Inc.
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By:
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/s/
David B. Dorwart
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Name:
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David
B. Dorwart
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Title:
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Chief Executive Officer
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