Current Report Filing (8-k)
June 20 2019 - 4:31PM
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):
June 20, 2019 (June 14, 2019)
EDISON NATION, INC.
(Exact Name of Registrant as Specified in
Charter)
Nevada
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001-38448
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82-2199200
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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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909 New Brunswick Avenue
Phillipsburg, New Jersey
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08865
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(Address of principal executive offices)
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(Zip Code)
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(610) 829-1039
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(Registrant’s Telephone Number, Including Area Code)
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(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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¨
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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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Securities registered pursuant to Section
12(b) of the Act:
Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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Common Stock, $0.001 par value per share
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EDNT
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Nasdaq
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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
x
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.
x
Item 1.01.
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Entry into a Material Definitive Agreement.
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On June 14, 2019, Edison
Nation, Inc. (the “Company”) entered into that certain Loan Agreement by and between the Company and Tiburon Opportunity
Fund (the “Lender”), dated June 14, 2019 (the “Loan Agreement”). Pursuant to the terms of the Loan Agreement,
the Lender has agreed to loan the Company $250,000 (the “Loan”). The Loan will be interest bearing at the rate of 1.5%
per month through the term of the Loan. Additionally, the Loan Agreement provides that the Company shall pay the Lender the entire
unpaid principal and all accrued interest upon thirty days’ notice to the Company, but in any event, the notice shall not
be sooner than August 11, 2019. The Loan proceeds are being used to fund general working capital needs of the Company. If the Company
defaults on the performance of any obligation under the Loan Agreement, the Lender may declare the principal amount of the Loan
owing under the Loan Agreement at the time of default to be immediately due and payable. Furthermore, the Loan Agreement grants
the Lender a collateral interest in certain accounts receivable of SRM Entertainment Ltd., a subsidiary of the Company.
The foregoing description
of the Loan Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Loan
Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K.
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Item 9.01.
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Financial Statements and Exhibits.
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(d)
Exhibits.
SIGNATURE
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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EDISON
NATION, INC.
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Date:
June 20, 2019
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By:
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/s/
Christopher B. Ferguson
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Christopher B. Ferguson
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Chief Executive Officer
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