Current Report Filing (8-k)
September 11 2020 - 01:28PM
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): September 11,
2020
Lord Global Corporation
(Exact
name of Company as specified in its charter)
Nevada |
|
001-36877 |
|
45-3942184 |
(State
or other jurisdiction
of
Incorporation)
|
|
(Commission
File
Number
|
|
(IRS
Employer
identification
Number
|
Lord
Global Corporation
318
N Carson St. Suite 208
Carson
City, NV 89701
(Address
of principal executive offices)
Registrant’s
Telephone Number, including area code: (816)
304-2686
Check
the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the Company under
any of the following provisions:
[ ] |
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:
None
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
8.01 OTHER EVENTS.
On September 11, 2020, the Company issued a press release
announcing that pursuant to the agreement between 27Health Inc.,
the Company’s wholly owned subsidiary, and KeyOptions
(https://www.keyoptions.com/), it will share in the revenues
generated by the exclusive license granted to KeyOptions to market
Virolens®, a 20-second COVID-19 testing product, outside of North
America and Europe, in the following territories: Latin and South
America, Southeast Asia, Australia, New Zealand and other Oceania
countries.
27Health
Inc. entered into an administrative and financing agreement with
KeyOptions, the terms of which call for 27Health Inc. to receive a
significant amount of KeyOption’s revenues from Virolens and a
portion of the amount of the operating margin, which is
significant, in consideration for the Company issuing to KeyOptions
shares of a newly authorized series of a convertible preferred
stock which grants KeyOptions the right to convert the new
preferred stock into 1.5 million shares of common stock after six
months, with an additional 1.5 million shares that would vest after
one year, based upon certain milestones. The right to convert the
new series of preferred stock is expressly subject to beneficial
ownership limitations which provides that at no time may KeyOptions
exercise its conversion rights if, as a result of such conversion,
KeyOptions would own in excess of 4.99% of the Company’s common
stock.
A copy of the press release is attached hereto as Exhibit 99.1 and
incorporated herein by reference.
ITEM
9.01—FINANCIAL STATEMENTS AND EXHIBITS
The
following is filed as an exhibit to this report:
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.
Dated:
September 11, 2020 |
|
|
LORD
GLOBAL CORPORATION |
|
|
|
By: |
/s/
Joseph
Frontiere |
|
Name: |
Joseph
Frontiere |
|
Title: |
Chief
Executive Officer |
Lord Global (CE) (USOTC:LRDG)
Historical Stock Chart
From Dec 2020 to Jan 2021
Lord Global (CE) (USOTC:LRDG)
Historical Stock Chart
From Jan 2020 to Jan 2021