Current Report Filing (8-k)
November 20 2018 - 6:03AM
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 16, 2018
FLEXIBLE SOLUTIONS INTERNATIONAL INC.
(Exact name of Registrant as specified in its charter)
Nevada 001-31540 91-1922863
-------------------------- ----------------- ------------------
(State or other jurisdiction (Commission File No.) (IRS Employer
of incorporation) Identification No.)
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6001 54 Ave.
Taber, Alberta, Canada T1G 1X4
(Address of principal executive offices, including Zip Code)
Registrant's telephone number, including area code: (250) 477-9969
N/A
(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 obligations of the registrant under any of the
following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17CFR
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-14c))
Indicate by check mark whether the registrant is an emerging growth company as
defined in Rule 405 of the Securities Act of 1933 (ss.203.405 of this chapter)
or Rule 12b-2 of the Securities Exchange Act of 1934 (ss.204.12b-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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Item 2.01 Completion of Acquisition or Disposition of Assets
On November 16th, 2018 the Company acquired 65% of ENP Investments, LLC, a
manufacturer, distributor and retailer of specialty agriculture products which
are used for golf courses, turf and ornamental plants.
The purchase price for the 65% interest in ENP was US$5.11 million and was
paid with cash of US$4.11 million and a convertible note in the principal amount
of US$1.00 million. The note is unsecured, bears interest at 5% per year, and is
payable on September 30, 2023. The Company, at its option, may extend the
maturity date of the note to September 30, 2028. The note, at the option of the
holder of the note, may be converted into 400,000 shares of the Company's common
stock.
The interest in ENP was acquired from the owners of ENP, none of whom had
or have any relationship with the Company or the Company's officers or
directors.
The financial statements of ENP as required by Item 2.01 of Form 8-K will
be filed as an amendment to this report. The Company will consolidate the
financial statements of ENP beginning October 1, 2018.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance Sheet Arrangement of a Registrant
See Item 2.01 of this report.
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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.
Date: November 19th, 2018
FLEXIBLE SOLUTIONS INTERNATIONAL, INC.
By: /s/ Daniel B. O'Brien
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Daniel B. O'Brien, President and Chief
Executive Officer
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