Amended Current Report Filing (8-k/a)
November 17 2022 - 6:01AM
Edgar (US Regulatory)
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
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iso4217:USD
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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 |
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000-56318 |
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27-2262066 |
(State or other jurisdiction
of incorporation) |
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(Commission File Number) |
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(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):
o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
o | Pre-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 |
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Trading Symbol(s) |
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Name of each exchange on which
registered |
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Common Stock, par value $0.001 per share |
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AMRR |
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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 |
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American Metals Recovery and Recycling Inc. |
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By: |
/s/ James Frinzi |
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Name: |
James Frinzi |
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Title: |
Chief Executive Officer |
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