Current Report Filing (8-k)
March 07 2017 - 3:10PM
Edgar (US Regulatory)
U.S. 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):
March 7, 2017
(
February
28, 2017)
Arkados Group, Inc.
(Exact name of Company as specified in its
charter)
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Delaware
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000-27587
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22-3586087
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(State or other jurisdiction
of incorporation)
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(Commission File Number)
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(IRS Employer Identification No.)
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211 Warren Street, Suite 320
Newark, NJ 07103
(Address of principal executive offices)
Telephone:
(862) 393-1988
(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 Company under any of the following provisions:
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¨
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Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
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¨
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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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¨
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Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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Item 1.01 Entry into a Material Definitive Agreement.
On February 28, 2017, the registrant entered into commitment letter with AIP Asset Management Inc. and AIP
Inc. (collectively “AIP”), pursuant to which the registrant agrees to negotiate a financing transaction with AIP. The
commitment letter obligates the issuer to pay AIP a non-refundable commitment fee of $225,000 and non-refundable deposit of $50,000
for expenses relating to the proposed financing. A copy of the commitment letter is attached as Exhibit 99.1 to this Current Report
on Form 8-K and is incorporated herein by reference.
Item 9.01 Financial Statement and Exhibits
(d) Exhibits.
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Exhibit
No.
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Description
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99.1*
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Commitment Letter dated February 27, 2017
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* Furnished herewith.
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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Arkados Group, Inc.
(Registrant)
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March 7, 2017
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By:
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/s/ Terrence DeFranco
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Terrence DeFranco
Chief Executive Officer
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