Current Report Filing (8-k)
September 03 2021 - 4:00PM
Edgar (US Regulatory)
0001389518
false
0001389518
2021-09-01
2021-09-01
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
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): September 1, 2021
CLUBHOUSE
MEDIA GROUP, INC.
(Exact
name of registrant as specified in its charter)
Nevada
|
|
333-140645
|
|
99-0364697
|
(State
or other jurisdiction of
incorporation
or organization)
|
|
(Commission
File
Number)
|
|
(IRS
Employer
Identification
No.)
|
3651
Lindell Road, D517
Las
Vegas, Nevada 89103
(Address
of principal executive offices) (Zip code)
(702)
479-3016
(Registrant’s
telephone number, including area code)
N/A
(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 (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))
|
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
|
|
Trading
Symbol(s)
|
|
Name
of each exchange on which registered
|
N/A
|
|
N/A
|
|
N/A
|
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
1.02 Termination of a Material Definitive Agreement.
On
September 1, 2021, Clubhouse Media Group, Inc. (the “Company”) officially closed one of its Clubhouse locations - Dobre
Brothers House
– located in Beverly Hills, CA. The Company terminated its lease
agreement for the Dobre Brothers House
(filed as Exhibit 10.3 to the Company’s Current Report on Form
8-K filed November 12, 2020) effective September 1, 2021. At the time of the termination of this lease, the Company had a month-to-month
tenancy at this location, as contemplated under the lease after the expiration of the initial term of the lease on July 31, 2021.
The
Company did not incur any termination penalties as a result of terminating the lease.
Item
8.01 Other Events.
As
discussed under Item 1.02 of this repot, the Company closed the Dobre Brothers House effective September 1, 2021. The Dobre
Brothers House hosted Darius, Cyrus, Marcus and Lucas Dobre (collectively, the “Dobre Brothers”). The Dobre Brothers
were prominent influencers in the Company’s roster, with a total follower reach of approximately 115 million as of the date of
this report. As a result of the closing of the Dobre Brothers House, the Dobre Brothers will no longer be required to provide
promotion and marketing social media posts on our behalf as part of the terms of their living arrangements in the Dobre Brothers House.
As such, the Company will exclude Dobre Brothers followers from the Company’s calculations of its own follower reach going forward.
Nonetheless, the Company has continued to have a working relationship with the Dobre Brothers since the closing of the Dobre Brothers
House, and intends to maintain a working relationship with the Dobre Brothers going forward.
104
|
Cover Page Interactive Data File (embedded within the Inline
XBRL document)
|
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:
September 3, 2021
|
CLUBHOUSE
MEDIA GROUP, INC.
|
|
|
|
|
By:
|
/s/
Amir Ben-Yohanan
|
|
|
Amir
Ben-Yohanan
|
|
|
Chief
Executive Officer
|
Clubhouse Media (PK) (USOTC:CMGR)
Historical Stock Chart
From Aug 2024 to Sep 2024
Clubhouse Media (PK) (USOTC:CMGR)
Historical Stock Chart
From Sep 2023 to Sep 2024