Current Report Filing (8-k)
September 16 2019 - 2:09PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 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): September 16, 2019
2050
MOTORS, INC.
(Exact name of Registrant
as specified in its Charter)
CALIFORNIA
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001-13126
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83-3889101
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(State
or other jurisdiction
of incorporation)
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(Commission
File No.)
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(IRS
Employer
Identification No.)
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25
N River Lane Suite 2050, Geneva, IL 60134
(Address
of principal executive offices)
(630)
708-0750
(Registrant’s
Telephone Number)
(Former
name or 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 (17 CFR
230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2) [X]
If
an emerging growth company, indicate by check mark 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 [X]
2050
Motors, Inc. is referred to herein as “we”, “us”, or “us”
ITEM
8.01 Other Events
2050
Motors, Inc. has made its third milestone payment out of four committed payments to MarkUp Designs, Ltd. for development
of its planned social network Kanab Club @ www.kanab.club. Management anticipates that the site will be completed
in beta format in early 2020, which is a three-month to six-month delay from prior guidance due to funding
constraints experienced earlier this year. It is possible that the beta site will be finished earlier than this window, though
there can be no assurances. Management will continue to provide investors will updates on Kanab Club’s development on a
regular basis going forward.
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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2050
MOTORS, INC.
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Date:
September 16, 2019
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By:
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/s/
Vikram Grover
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Vikram
Grover
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Chief
Executive Officer
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