Current Report Filing (8-k)

Date : 10/31/2018 @ 6:19PM
Source : Edgar (US Regulatory)
Stock : Petrogress, Inc. (PGAS)
Quote : 2.75  0.35 (14.58%) @ 8:59PM

Current Report Filing (8-k)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Purs uant to Section 13 OR 15(d) of t he Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported):       October 31 , 2018

 

PETROGRESS, INC.


(Exact Name of Registrant as Specified in its Charter)

 

Delaware

000-55854

27-2019626

(State or Other Jurisdiction of

Incorporation)

(Commission File Number)

(IRS Employer

Identification No.)

     
3 Irodotou Street, 5 th floor, Piraeus Greece   18538
(Address of Principal Executive Office)   (Zip Code)

                              

Registrant's telephone number, including area code: (212) 376-5228

 

757 Third Ave., Suite 2110, New York, New York 10017


 (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))

 

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 [ X ]

 

 

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 October 31, 2018, Christos P. Traios, President, Chief Executive Officer and sole Director of Petrogress, Inc. (“the Company”), notified the Company that he was terminating the Revolving Line of Credit Agreement dated July 13, 2017 (the “Credit Agreement”) pursuant to which Mr. Traios provided a revolving line of credit in the principal amount of up to $1,000,000 to the Company. As such, no further advances will be made under the Credit Agreement and existing advances in principal amount of $148,900 under the Line of Credit Note will become due upon the current Maturity Date, July 13, 2019.

 

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.

 

 

October 31, 2018

  PETROGRESS, INC.
   
   
  /s/ Christos Traios
  Christos Traios, President and Chief Executive Officer

 

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