0001488638 true This Amendment No. 2 to Current Report on Form 8-K (this "Amendment No. 2") is being filed to amend the Current Report on Form 8-K filed with the Securities and Exchange Commission (the "SEC") on September 7, 2022 by American Metals Recovery and Recycling Inc. (the "Company"), as amended by Amendment No. 1 to Current Report on Form 8-K filed with the SEC on October 11, 2022 by the Company (together, the "Initial Form 8-K") . As previously reported in the Initial Form 8-K, effective August 31, 2022, the Company entered into an Asset Purchase Agreement with Multiband Global Resources, LLC, now known as HSB Holdings LLC ("MBGR"), pursuant to which the Company acquired substantially all of the MBGR's assets (the "Asset Purchase Agreement"). 0001488638 2022-09-07 2022-09-07 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K/A

(Amendment No. 2)

 

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 7, 2022 (August 31, 2022)

 

American Metals Recovery and Recycling Inc.

(Exact name of registrant as specified in its charter)

 

Nevada   000-56318   27-2262066
(State or other jurisdiction
of incorporation)
  (Commission File Number)   (IRS Employer
Identification No.)

 

American Metals Recovery and Recycling Inc.

4301 West Bank Dr. Suite 110B

Austin, Texas 78746

(Address of principal executive offices) (Zip Code)

 

Registrant’s telephone number, including area code: (866) 365-0620

 

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):

 

oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

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, par value $0.001 per share   AMRR   OTC Markets

 

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 o

 

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. o

 

 

 

  
 

 

Explanatory Note

 

This Amendment No. 2 to Current Report on Form 8-K (this “Amendment No. 2”) is being filed to amend the Current Report on Form 8-K filed with the Securities and Exchange Commission (the “SEC”) on September 7, 2022 by American Metals Recovery and Recycling Inc. (the “Company”), as amended by Amendment No. 1 to Current Report on Form 8-K filed with the SEC on October 11, 2022 by the Company (together, the “Initial Form 8-K”) . As previously reported in the Initial Form 8-K, effective August 31, 2022, the Company entered into an Asset Purchase Agreement with Multiband Global Resources, LLC, now known as HSB Holdings LLC (“MBGR”), pursuant to which the Company acquired substantially all of the MBGR’s assets (the “Asset Purchase Agreement”).

 

Pursuant to the Asset Purchase Agreement, in connection with the closing of the transaction, MBGR was obligated to, but did not, pay to the Company One Million Dollars ($1,000,000.00) in cash and the Company was obligated to, but did not, issue One Million (1,000,000) shares of Series A Preferred Stock of the Company to MBGR or its designee.

 

On November 16, 2022, the Company entered into an Amendment to the Asset Purchase Agreement (the “Amendment”) with MGBR pursuant to which, among other things, the Company and MGBR amended the consideration payable under the Asset Purchase Agreement as follows: (i) the Company and MGBR waived MGBR’s obligation to pay to the Company One Million Dollars ($1,000,000.00) in cash and the Company’s obligation to issue to MGBR or its designee the One Million (1,000,000) shares of Series A Preferred Stock of the Company; and (ii) in lieu thereof the Company will pay to MBGR or its designee $100 for the assets of MBGR acquired by the Company.

 

Only the amended disclosure is included below. No other changes have been made to the Initial Form 8-K.

 

Item 1.01. Entry into a Material Definitive Agreement.

 

Item 1.01 of the Initial 8-K to amended and restated as follows

 

The information set forth in Item 2.01 of this Current Report on Form 8-K (this “Form 8-K”) is incorporated herein by reference.

 

Item 2.01 Completion of Acquisition or Disposition of Assets

 

Item 2.01 of the Initial 8-K is hereby amended to add the following

 

Pursuant to the Asset Purchase Agreement, in connection with the closing of the transaction, MBGR was obligated to, but did not, pay to the Company One Million Dollars ($1,000,000.00) in cash and the Company was obligated to, but did not, issue One Million (1,000,000) shares of Series A Preferred Stock of the Company to MBGR or its designee.

 

On November 16, 2022, the Company entered into the Amendment with MGBR pursuant to which, among other things, the Company and MGBR amended the consideration payable under the Asset Purchase as follows: (i) the Company and MGBR waived MGBR’s obligation to pay to the Company One Million Dollars ($1,000,000.00) in cash and the Company’s obligation to issue to MGBR or its designee the One Million (1,000,000) shares of Series A Preferred Stock of the Company; and (ii) in lieu thereof the Company will pay to MBGR or its designee $100 for the assets of MBGR acquired by the Company.

 

The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the complete text of the Amendment, which is filed as Exhibit 2.1 to the Current Report on Form 8-K filed with the SEC by the Company on November 16, 2022, and is incorporated by reference herein.

 

Item 3.02 Unregistered Sales of Equity Securities.

 

The applicable information set forth in Item 1.01 of the Initial Form 8-K is hereby amended to reflect the applicable information included in Item 2.01 above. No shares of Series A Preferred Stock were issued.

 

 

  
 

 

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: November 16, 2022   American Metals Recovery and Recycling Inc.
       
    By: /s/ James Frinzi
    Name: James Frinzi
    Title: Chief Executive Officer

 

 

 

 

 

 

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