Amended Current Report Filing (8-k/a)
October 08 2019 - 8:24AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
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 4, 2019
EDISON NATION, INC.
(Exact Name of Registrant as Specified in
Charter)
Nevada
|
|
001-38448
|
|
82-2199200
|
(State or other jurisdiction
of incorporation)
|
|
(Commission
File Number)
|
|
(IRS Employer
Identification No.)
|
909 New Brunswick Avenue
Phillipsburg, New Jersey
|
|
|
|
08865
|
(Address of principal executive offices)
|
|
|
|
(Zip Code)
|
|
(610) 829-1039
|
(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:
|
¨
|
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))
|
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 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
EXPLANATORY NOTE
This Amendment No. 1 to the Current Report
on Form 8-K (this “Amendment”) is being filed by Edison Nation, Inc. (the “Company”) for the purpose of
amending Item 1.01 Entry into a Material Definitive Agreement of that certain Current Report on Form 8-K originally filed by the
Company with the U.S. Securities and Exchange Commission (“SEC”) on October 4, 2019 (the “Original Form 8-K”)
in connection with the entry into a Share Purchase Agreement dated October 2, 2019 (the “Purchase Agreement”) with
certain accredited investors (collectively, the “Investors”) for the private placement of 1,050,000 shares of the Company’s
common stock, $0.001 par value per share, at a purchase price of $2.00 per share (the “PIPE Transaction”).
|
Item 1.01.
|
Entry into a Material Definitive Agreement.
|
Private Investment in Public Equity
Transaction
The cash fee reported in the Original Form
8-K as being paid to Alexander Capital, LP (“Alexander Capital”), a FINRA registered broker dealer who acted as placement
agent with respect to the PIPE Transaction, was incorrectly stated as $210,000. The actual cash fee paid to Alexander Capital was
$147,000. As reported in the Original Form 8-K, Alexander Capital also received warrants to purchase 126,000 shares of the Company’s
common stock, at an exercise price of $2.50 per share (the “Placement Agent Warrants”). The $147,000 cash fee to Alexander
Capital includes a non-accountable 1% expense allowance of $21,000.
|
Item 2.03.
|
Creation of Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
by a Registrant.
|
The disclosure under Item 1.01 of this
Current Report on Form 8-K is incorporated into this Item 2.03 by reference.
|
Item 3.02.
|
Unregistered Sales of Equity Securities.
|
The disclosure under Item 1.01 of this
Current Report on Form 8-K is incorporated into this Item 3.02 by reference.
The disclosure under Item 1.01 of this
Current Report on Form 8-K is incorporated into this Item 8.01 by reference.
Forward-Looking Statements
This Current Report on Form 8-K contains
forward-looking statements based upon the Company’s current expectations. Forward-looking statements include, without limitation,
all statements relating to any closing(s) of, and the amount of any proceeds from, the PIPE Transaction. Forward-looking statements
are subject to risks and uncertainties, and the Company’s actual results and the timing of events could differ materially
from those anticipated in such forward-looking statements as a result of such risks and uncertainties, which include, without limitation,
risks and uncertainties associated with market conditions and the satisfaction of closing conditions related to the PIPE Transaction.
There can be no assurance that the Company will be able to complete the PIPE Transaction on the terms described herein or in a
timely manner, if at all. You should not place undue reliance on forward-looking statements, which apply only as of the date of
this Current Report on Form 8-K. The Company expressly disclaims any obligation or undertaking to release publicly any updates
or revisions to any forward-looking statements contained herein to reflect any change in its expectations with regard thereto or
any change in events, conditions or circumstances on which any such statements are based.
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 thereunto duly authorized.
Date: October 8, 2019
|
EDISON NATION, INC.
|
|
|
|
|
|
|
By:
|
/s/ Christopher B. Ferguson
|
|
|
Name:
|
Christopher B. Ferguson
|
|
|
Title:
|
Chief Executive Officer
|
|
Edison Nation (NASDAQ:EDNT)
Historical Stock Chart
From Mar 2024 to Apr 2024
Edison Nation (NASDAQ:EDNT)
Historical Stock Chart
From Apr 2023 to Apr 2024