Current Report Filing (8-k)
November 03 2020 - 11:34AM
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): October 28,
2020
FLITWAYS TECHNOLOGY,
INC.
(Exact name of registrant as specified in its charter)
Nevada |
000-55316 |
47-2489112 |
(State
of incorporation) |
(Commission
File Number) |
(I.R.S.
Employer Identification No.) |
224 Datura Street, #1015
West Palm Beach, FL 33414
(Address of principal executive offices)
Phone: (855) 710-0915
(Registrant’s telephone number)
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):
☐ |
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Written communications pursuant to
Rule 425 under the Securities Act (17 CFR 230.425) |
☐ |
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Soliciting material pursuant to
Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ |
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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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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:
None
Title of each class |
Trading Symbol(s) |
Name of each exchange on which registered |
N/A |
N/A |
N/A |
Securities registered pursuant to Section 12(g) of the Act: Common
Stock, par value $0.001 per share
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 1.03 Bankruptcy or
Receivership
The Company has formally entered into the Chapter 11
reorganization. The Company has retained the law firm of Chad van
Horm , in Fort Lauderdale, Florida.
The Company has arranged certain pre-arranged Chapter 11 financing
to allow the Company to emerge post Chapter 11 with a viable new
business model.
The current preferred shareholder, Mina Mar Group, has assigned
33.3 % of its controlling interest to Intersection Capital LLC in
exchange for a one-time cash payment of $75,000 with an outlook to
acquire the remaining 66.7% of the preferred shares in concert with
the Company’s successful exit from the Chapter 11 bankruptcy
protection and other non related matters.
The Company has commenced with certain legal and accounting
procedural steps to return to being an SEC reporting entity.
Item 5.02 Departure of Directors or Certain Officers
On October 28, 2020, Daniel Sobolewski resigned as CEO and any
other positions held with Flitways Technology Inc. Miro Zecevic
will serve as the interim management.
Item 9.01 Financial Statements and
Exhibits.
(d) Exhibits.
Exhibit 99.1 -
Resignation Letter of Daniel Sobolewski
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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FLITWAYS TECHNOLOGY, INC. |
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By: |
/s/Miro
Zecevic |
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Miro Zecevic |
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Chief Executive Officer |
Date: November 3, 2020