Current Report Filing (8-k)
November 22 2017 - 9:32AM
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): November 22nd, 2017
_______________________________
Genesys
Industries, Inc.
(Exact
name of registrant as specified in its charter)
_______________________________
Florida
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333-213387
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30-0852686
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(State
or Other Jurisdiction
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(Commission
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(I.R.S.
Employer
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of
Incorporation)
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File
Number)
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Identification
No.)
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1914
24
th
Ave E
Palmetto,
Florida 34221
Tel:
941.722.3600
(Address and telephone number of principal executive offices)
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:
☐
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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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☐
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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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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. ☐
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Section
8 – Other Events
Item 8.01. Other
Events.
To
fund its working capital requirements, Genesys Industries, Inc (the “Company”) has obtained a Special Line of Credit
also recognized as a Blanket Secured Promissory Note for the total draw down amount of up to $500,000 available on November 5
th
2017, from Twiga Capital Partners, LLC (“TCP”), an entity controlled by the Company’s sole officer and
largest stockholder, Shefali Vibhakar.
A
copy of the Blanket Secured Promissory Note is filed herewith as Exhibit 99.1.
A
copy of the Blanket Security Agreement is filed herewith as Exhibit 99.2.
Section
9 – Financial Statements and Exhibits
Item
9.01. Financial Statements and Exhibits
Exhibit No.
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Description
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99.1
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Blanket Secured Promissory Note
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99.2
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Blanket Secured Agreement
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SIGNATURES
Date: November 22
nd
,
2017
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Genesys Industries, Inc.
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By:
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/s/
Shefali Vibhakar
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Shefali Vibhakar
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Chief Financial Officer
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