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: June 8, 2020

(Date of earliest event reported)

 

Oculus VisionTech Inc.
(Exact Name of Registrant as Specified in Charter)

 

Wyoming 
(State or Other Jurisdiction of Incorporation)

0-29651
(Commission File Number)

06-15763-91
(IRS Employer Identification No.)

 

#507 – 837 West Hastings Street

Vancouver, British Columbia Canada

(Address of principal executive offices)

V6C 3N6

(Zip Code)

 

Registrant’s telephone number, including area code:   (604) 685-1017

 

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:

 

  

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

 

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 3.02 Unregistered Sale of Equity Securities.

 

On June 5, 2020, Oculus VisionTech Inc. (the “Company”) issued 7,000,001 common shares in relation to the closing of a non-brokered private placement. The common shares were sold at a price of Cdn$0.15 per common share for aggregate gross proceeds of Cdn$1,050,000. The common shares were issued in reliance on the exemption from registration pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended, on the basis of representations of eligibility and suitability made to the Company by the investors in the subscription agreement for the common shares.

 

Item 7.01. Regulation FD Disclosure.

 

On June 5, 2020, the Company issued a press release reporting the closing of its private placement of common shares. A copy of the press release is attached to this report as Exhibit 99.1. In accordance with General Instruction B.2 of Form 8-K, the information set forth herein and in the press release is deemed to be “furnished” and shall not be deemed to be “filed” for purposes of the Securities Exchange Act of 1934, as amended. The information set forth in Item 7.01 of this report shall not be deemed an admission as to the materiality of any information in this report on Form 8-K that is required to be disclosed solely to satisfy the requirements of Regulation FD.

 

On June 5, 2020, the Company issued a press release reporting the Company has completed the acquisition of 100% of the shares of OCL Technologies Corp. A copy of the press release is attached to this report as Exhibit 99.1. In accordance with General Instruction B.2 of Form 8-K, the information set forth herein and in the press release is deemed to be “furnished” and shall not be deemed to be “filed” for purposes of the Securities Exchange Act of 1934, as amended. The information set forth in Item 7.01 of this report shall not be deemed an admission as to the materiality of any information in this report on Form 8-K that is required to be disclosed solely to satisfy the requirements of Regulation FD.

 

On June 8, 2020, the Company issued a press release reporting the expansion of their technology reach as they enter the data privacy compliance market. A copy of the press release is attached to this report as Exhibit 99.1. In accordance with General Instruction B.2 of Form 8-K, the information set forth herein and in the press release is deemed to be “furnished” and shall not be deemed to be “filed” for purposes of the Securities Exchange Act of 1934, as amended. The information set forth in Item 7.01 of this report shall not be deemed an admission as to the materiality of any information in this report on Form 8-K that is required to be disclosed solely to satisfy the requirements of Regulation FD.

 

Item 9.01. Exhibits.

 

Exhibit

Description

99.1*

Press Releases, dated June 5, 2020

99.2* Press Releases, dated June 5, 2020
99.3* Press Release, dated June 8, 2020

 

* The foregoing exhibits relating to Item 7.01 are intended to be furnished to, not filed with, the SEC pursuant to Regulation FD.

 

 

  

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.

 

 

     

  

OCULUS VISIONTECH INC. 

  

 

  

  

 

  

  

 

  

DATE: June 8, 2020 

By:

/s/ Anton J. Drescher                                       

 

 

Anton J. Drescher
Chief Financial Officer

  

 

 

 

 

 

EXHIBIT INDEX

 

 

 

Exhibit

Description

99.1*

Press Releases, dated June 5, 2020

99.2* Press Releases, dated June 5, 2020
99.3* Press Release, dated June 8, 2020
   

* The foregoing exhibits relating to Item 7.01 are intended to be furnished to, not filed with, the SEC pursuant to Regulation FD.

 

 

 
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