Current Report Filing (8-k)
November 12 2020 - 6:17AM
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: November 11, 2020
DREAM
HOMES & DEVELOPMENT CORPORATION
(Exact
Name of Registrant as specified in its charter)
Nevada
|
|
000-55445
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20-2208821
|
(State
of
Incorporation)
|
|
(Commission
File
Number)
|
|
(IRS
Employer
Identification
No.)
|
314
South Main Street, Forked River, New Jersey 08731
(Address
of Principal Executive Offices and Zip Code)
Registrant’s
Telephone Number, Including Area Code: (609) 693-8881
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
|
|
Trading
Symbol(s)
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|
Name
of each exchange on which registered
|
Common
stock
|
|
DREM
|
|
OTC
Markets
|
On
November 11, 2020, the Company determined that it will not be able to file its Form 10-Q for the quarter ended September 30, 2020
on time as a result of factors relating to the COVID-19 pandemic and the steps taken by states to seek to reduce the spread of
the virus by either requesting or requiring businesses to close or work remotely. As a result, the Company’s accounting
staff and the staff of the independent auditors are not able to complete the audit in a timely manner in order to file the Form
10-Q by the required date, after giving effect to the extension permitted by Section 12b-25. The Company is filing this report
on Form 8-K to report that it will rely on the exemption from timely filing provided by the SEC in Release No. 34-88318, dated
March 4, 2020 (the “Release”). The Company anticipates that it will file the Form 10-Q no later than November 21,
2020 (5 days after the original due date). This report on Form 8-K replaces the Form 12b-25, which, as provided in the Release,
is not required to be filed.
In
reliance on the aforementioned SEC order, the Company intends to include the following risk factor in its 2020 Annual Report on
Form 10-K:
“Our
business operations have been and may continue to be materially and adversely affected by the outbreak of the novel respiratory
illness coronavirus (“COVID-19”).
On
March 11, 2020, the World Health Organization declared the outbreak of the novel respiratory illness COVID-19 a pandemic. The
new strain of COVID-19 is considered to be highly contagious and poses a serious public health threat. The outbreak of COVID-19
emerged in China, where many of the Company’s material suppliers are located.
Any
outbreak of such epidemic illness or other adverse public health developments may materially and adversely affect the global economy,
our markets and our business. A prolonged disruption or any further unforeseen delay in our operations of the manufacturing, delivery
and assembly process within any of our market areas could continue to result in delays in the delivery of products and services
to our customers, increased costs and reduced revenue.
We
cannot foresee whether the outbreak of COVID-19 will be effectively contained, nor can we predict the severity and duration of
its impact. If the outbreak of COVID-19 is not effectively and timely controlled, our business operations and financial condition
may be materially and adversely affected as a result of the deteriorating market outlook, the slowdown in regional and national
economic growth, weakened liquidity and financial condition of our customers or other factors that we cannot foresee. Any of these
factors and other factors beyond our control could have an adverse effect on the overall business environment, cause uncertainties
in the regions where we conduct business, cause our business to suffer in ways that we cannot predict and materially and adversely
impact our business, financial condition and results of operations.”
Company
Contacts:
Dream
Homes & Development Corp.
Vincent
Simonelli, President & CEO
Office:
(609) 693-8881
Email:
vince@dreamhomesltd.com
Investor
Relations:
Green
Chip IR
Attn:
Matt Chipman
Office:
(818) 923-5302
Email:
matt@greenchipir.com
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.
Dream
Homes & Development Corp.
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|
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/s/
Vincent Simonelli
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Vincent
Simonelli, President & CEO
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Date:
November 11, 2020
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