Amended Current Report Filing (8-k/a)
November 21 2018 - 4:09PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K/A
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date
of Report (Date of earliest event reported): October 31, 2018
PAYMEON,
INC.
(Exact Name of Registrant as Specified in
its Charter)
Nevada
(State or Other
Jurisdiction of Incorporation)
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000-53574
(Commission File Number)
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20-4959207
(I.R.S. Employer
Identification Number)
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2688 NW 29th Terrace
Oakland Park, Florida 33311
(Address of Principal Executive Offices,
including Zip Code)
Registrant’s Telephone Number, including
Area Code: 844-422-7258
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 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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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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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 checkmark 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 8.01. Other Events.
Pursuant to a Current Report on Form 8-K
filed on October 30, 2018 and press release filed as an exhibit thereto that was issued on October 31, 2018, Paymeon, Inc. (the
“Company” or “Paymeon”) announced that it had received new equity funding to drive the operational efforts
of its new wholly-owned subsidiary, Basanite Industries, LLC (“Basanite”). Basanite was formed to serve the construction
industry with Basalt Fiber Reinforced Polymer (BFRP) products as cost-effective, higher strength and sustainable alternatives to
traditional steel reinforcing and is led by a new management team that has more than 45 years of industry experience growing and
leading manufacturing businesses such as Basanite. Basanite is expected to be commercially operational by the second quarter of
2019.
The Company also announced that the proceeds
from the new equity funding would be used in part to acquire new manufacturing lines and raw materials for Basanite and that was
in the process of securing a new facility, in each case to meet forecast demand created by the entry of Basanite into agreements
with several companies for the purchase of its BFRP products. One of the companies named by Paymeon was Carolina Composites (Carolina
Composite Structures Inc.). The Company is filing this Current Report on Form 8-K to clarify that, while Basanite has had meaningful
discussions with Carolina Composites and believes that it has established a basis on which the parties may reach agreement in the
future, the Company does not currently have such an agreement and investors should not rely on previous disclosures with respect
thereto.
Neither press release nor the information
set forth under this Item 8.01 shall be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934
or be incorporated by reference in any filing under the Securities Act of 1933 except as shall be expressly set forth by specific
reference in such filing.
The information set forth under this Item
8.01 may contain certain "forward-looking statements" as defined by the Private Securities Litigation Reform Act of
1995, including, without limitation, statements regarding the development, use and sale of products, use of proceeds, acquisition
of equipment and property, forecast demand, future operations and future entry into agreements. Such statements are not predictions
of actual performance or events and historically our performance and actual events has deviated, often significantly, from our
statements. Actual future events, circumstances, performance and trends could differ materially, positively or negatively, due
to various factors, including: failure to successfully develop and commercialize products; adverse changes in costs; limitations
or delays on capital expenditures; business interruptions including those caused by weather, natural disaster, or other causes;
delays or changes in, or non-consummation of, proposed investments, acquisitions or agreements; failure to successfully achieve
expected performance or returns expected from investments, acquisitions or agreements; inability to protect intellectual property
rights or infringement of intellectual property rights of others; changes in market prices of our securities; changes in our ability
to obtain financing on acceptable terms; adverse developments in legal proceedings; non-realization of anticipated benefits from
organizational changes; downturns or other changes in the markets we or our customers serve; intensified competition; changes
in interest rates; inflation or deflation; uncertainty over U.S. fiscal or monetary policy; a protracted regional or global financial
or economic crisis; changes in general economic and business conditions; the inability to successfully develop and market products;
changes in consumer and business consumption habits; the inability to fund operations; failure of third parties to perform as
represented or planned; the inability to develop new markets or meet demand; and other risks and uncertainties, including those
detailed in the Company’s filings with the Securities and Exchange Commission, as well as future decisions by the Company.
Such forward-looking statements are made only as of the date of this filing, and the Company assumes no obligation to update forward-looking
statements to reflect subsequent events or circumstances except as required by applicable laws. Readers should not place undue
reliance on these forward-looking statements.
SIGNATURE
Pursuant to the requirements of the Securities
Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto
duly authorized.
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PAYMEON, INC.
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Date: November 21, 2018
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By:
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/s/ David Anderson
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Name:
Title:
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David
Anderson
Chief Executive Officer
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