Current Report Filing (8-k)
January 12 2018 - 8:01AM
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): January 9, 2018
KinerjaPay
Corp.
(Exact Name of Registrant as Specified in its Charter)
Commission
File No.: 000-55081
Delaware
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42-1771817
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(State
of Incorporation)
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(I.R.S.
Employer Identification No.)
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Jl.
Multatuli, No.8A, Medan Indonesia
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20151
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(Address
of Registrant’s Office)
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(ZIP
Code)
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Registrant’s
Telephone Number, including area code: +62-819-6016-168
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):
[ ]
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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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Item
1.01 Entry into a Material Definitive Agreement
On
January 9, 2018, KinerjaPay Corp. (the “Registrant”) entered into a Series A Convertible Preferred Stock Securities
Purchase Agreement (the “Agreement”) with an institutional investor (the “Investor”) for an aggregate purchase
price of $500,000 (the “Share Purchase Price”). The total net proceeds to the Registrant for issuance and sale of the
Series A Convertible Preferred Stock (the “Preferred Stock”) was $450,000 after payment of due diligence and legal
fees related to this transaction.
The
Preferred Stock is convertible into 400,000 shares of the Registrant’s common stock, par value $0.0001 (the “Shares”),
at a conversion price of $1.25 per Share. In addition, the Registrant issued to the Investor Class N Warrants (the “Warrants”)
exercisable to purchase 400,000 Shares on a cashless basis, at an exercise price of $1.25 per Share, during a period of three
(3) years from the date of the Agreement.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
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KinerjaPay Corp.
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By:
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/s/
Edwin Witarsa Ng
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Name:
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Edwin
Witarsa Ng
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Title:
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Chief
Executive Officer
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Date:
January 12, 2018