Current Report Filing (8-k)
December 23 2020 - 5:22PM
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): December 11, 2020
DANIELS
CORPORATE ADVISORY COMPANY, INC.
(Exact
Name of Registrant as Specified in Charter)
Nevada
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333-169128
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04-3667624
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(State
of Other Jurisdiction
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(Commission
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(IRS
Employer
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of
Incorporation)
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File
Number)
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Identification
No.)
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Parker
Towers, 104-60
Queens
Boulevard
12th
Floor
Forest
Hills, New York
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11375
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(Address
of Principal Executive Offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code: (347) 242-3148
(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:
[ ]
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Written communications
pursuant to Rule 425 under the Securities Act
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[ ]
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Soliciting material pursuant to Rule
14a-12 under the Exchange Act
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[ ]
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Pre-commencement communications pursuant
to Rule 14d-2(b) under the Exchange Act
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[ ]
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Pre-commencement communications pursuant
to Rule 13e-4(c) under the Exchange Act
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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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Common
Stock
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DCAC
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OTC
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Item 3.02 Unregistered Sale of Equity Securities
On November 11, 2020, Daniels
Corporate Advisory Company, Inc., a Nevada Corporation (the “Company”) agreed to issue 115,000,000 shares of unregistered
restricted common stock, par value $0.001, for a total value of $115,000, to its executive officers and advisors of the Company
and its wholly owned subsidiary Payless Truckers, Inc., in order to compensate them for work previously provided to the Company
as well as to incentivize them to continue their efforts for the Company going forward.
The issuance of the shares
set forth herein was made in reliance on the exemption provided by Section 4(a)(2) of the Securities Act for the offer and sale
of securities not involving any public offering. The Company’s reliance upon Section 4(a)(2) of the Securities Act in issuing
the shares was based upon the following factors: (a) the issuance of the shares were in isolated private transactions by us which
did not involve a public offering; (b) the number of investors; (c) there were no subsequent or contemporaneous public offerings
of the shares by the Company; (d) the shares were not broken down into smaller denominations; (e) the negotiations for the issuance
of the shares took place directly between the individual investors and the Company; and (f) the number of non-accredited investors.
Item 5.02 –
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
of Certain Officers.
The information set
forth in Item 3.02 is incorporated by reference into this Item 5.02.
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.
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DANIELS
CORPORATE ADVISORY COMPANY, INC.
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Date:
December 23, 2020
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By:
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/s/
Nicholas Viola
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Nicholas
Viola
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Chief Executive Officer
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Daniels Corporate Advisory (CE) (USOTC:DCAC)
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