Current Report Filing (8-k)
May 15 2020 - 6:11AM
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
May 14, 2020
Date
of Report (Date of Earliest Event)
SYLIOS
CORP
(Exact
name of registrant as specified in its charter)
FLORIDA
(State
or other jurisdiction of incorporation)
000-56091
(Commission
File No.)
501
1st Ave N., Suite 901
St.
Petersburg, Florida 33701
(Address
of principal executive offices and Zip Code)
(727)
482-1505
(Registrant’s
telephone number, including area code)
Securities
registered pursuant to Section 12(b) of the Act:
Title
of Each Class
|
|
Trading
Symbol(s)
|
|
Name
of Each Exchange on Which Registered
|
Common
stock
|
|
UNGS
|
|
OTC
Markets “PINK”
|
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):
[ ]
|
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))
|
ITEM
8.01 OTHER EVENTS.
Sylios Corp (the “Company”) has
determined that due to circumstances and uncertainty surrounding the effects of the outbreak of the coronavirus (COVID-19) on the
Company as described below, the Company will delay the filing of its quarterly report on Form 10-Q for the fiscal quarter ended
March 31, 2020 (the “Quarterly Report”) by up to 45 days in accordance with the SEC’s March 25, 2020 Order (Release
No. 34-88465) (the “Order”). The Order allows for the delay of certain filings required under the Securities and Exchange
Act of 1934, as amended.
The Company’s operations and business
have experienced disruptions due to the unprecedented conditions surrounding the spread of COVID-19 throughout the United States
and the rest of the world. These disruptions include office closure and the non-availability of key Company personnel required
to prepare the Quarterly Report due to suggested, and mandated, social quarantining and work from home orders. Due to these disruptions,
the Company is unable to timely prepare and review its financial statements and Quarterly Report. The Company anticipates that
it will file its Quarterly Report by no later than June 29, 2020, 45 days after the original due date of its Quarterly Report.
In
reliance on the aforementioned SEC order, the Company intends to include the following risk factor in its 2019 Annual Report on
Form 10-K:
“Our
business operations have been and may continue to be materially and adversely affected by the outbreak of the novel respiratory
illness coronavirus (“COVID-19”).
On
March 11, 2020, the World Health Organization declared the outbreak of the novel respiratory illness COVID-19 a pandemic. The
new strain of COVID-19 is considered to be highly contagious and poses a serious public health threat.
Any
outbreak of such epidemic illness or other adverse public health developments may materially and adversely affect the global economy,
our markets and our business.
We
cannot foresee whether the outbreak of COVID-19 will be effectively contained, nor can we predict the severity and duration of
its impact. If the outbreak of COVID-19 is not effectively and timely controlled, our business operations and financial condition
may be materially and adversely affected as a result of the deteriorating market outlook for automobile sales, the slowdown in
regional and national economic growth, weakened liquidity and financial condition of our customers or other factors that we cannot
foresee. Any of these factors and other factors beyond our control could have an adverse effect on the overall business environment,
cause uncertainties in the regions where we conduct business, cause our business to suffer in ways that we cannot predict and
materially and adversely impact our business, financial condition and results of operations.”
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.
Dated
this 14th day of May 2020.
|
SYLIOS
CORP
|
|
|
|
|
BY:
|
/s/
Jimmy Wayne Anderson
|
|
|
Jimmy
Wayne Anderson, President
|