Current Report Filing (8-k)
February 12 2021 - 4:01PM
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):
February
12, 2021
SURNA
INC.
(Exact
name of registrant as specified in its charter)
Nevada
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000-54286
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27-3911608
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(State
or other jurisdiction
of
incorporation)
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(Commission
File
Number)
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(I.R.S.
Employer
Identification
No.)
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1780
55th Street, Suite C
Boulder,
Colorado 80301
(Address
of principal executive offices and zip code)
Registrant’s
telephone number, including area code: (303) 993-5271
Check
the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
[ ]
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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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Securities
registered pursuant to Section 12(b) of the Act:
Title
of Each Class
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Trading
Symbol(s)
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Name
of Each Exchange on Which Registered
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None
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n/a
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n/a
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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 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. [ ]
Item
8.01 Other Events.
On
February 10, 2021, Surna Inc. (the “Company”) received funding based on a loan agreement entered into on February
9, 2021 with its current bank in the principal amount of $514,200 for working capital purposes. Consistent with the loan provisions,
the Company will use the proceeds to meet payroll and benefit expenses as well as for rent and utilities. The loan amount bears
interest at 1% and is due on February 5, 2026. The loan may be repaid in advance without penalty. The loan has typical default
provisions, including for change of ownership, general lender insecurity as to repayment, non-payment of amounts due, defaults
on other debt instruments, insolvency, dissolution or termination of the business as a going concern and bankruptcy.
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.
Date:
February 12, 2021
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SURNA
INC.
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By
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/s/
Anthony K. McDonald
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Anthony
K. McDonald
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President
and Chief Executive Officer
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