Current Report Filing (8-k)
February 06 2020 - 3:10PM
Edgar (US Regulatory)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): February 1,
2020
EXACTUS, INC.
(Exact
name of the registrant as specified in its charter)
Nevada
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000-55828
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27-1085858
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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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80 NE 4th Avenue, Suite 28, Delray Beach, FL 33483
(Address
of principle executive offices) (Zip code)
Registrant’s
telephone number, including area code: (561) 455-4822
_____________________________________________________________________
(Former
name or 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 (see General Instruction A.2
below):
[ ]
Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 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-4(c)).
Indicate
by check mark whether the registrant is an emerging growth company
as defined in 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.
[
]
SECTION 3 – SECURITIES AND TRADING MARKETS
Item
3.02
Unregistered Sales of Equity Securities
Effective February
1, 2020, the Compensation Committee of our Board of Directors
approved the issuance of a total of 1,955,000 shares of common
stock to certain executives, employees, and consultants as
compensation for services rendered. Of the shares issued, 955,000
shares are vested immediately and 1,000,000 shares will vest in
equal monthly installments over the next two years. The shares were
issued to a total of thirteen individuals under our 2019 Equity
Incentive Plan, and the issuances were exempt from registration
pursuant to Section 4(a)(2) of the Securities Act.
Following these
issuances, a total of 48,986,825 shares of our common stock are
issued and outstanding.
SIGNATURES
Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant
has duly caused this report to be signed on behalf of the
undersigned hereunto duly authorized.
EXACTUS,
INC.
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Date:
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February 6,
2020
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By: /s/ Kenneth
Puzder
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Kenneth
Puzder
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Chief Financial
Officer
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