Current Report Filing (8-k)
December 04 2020 - 10:23AM
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): December 1,
2020
INFINITE GROUP, INC.
(Exact
name of Registrant as specified in its charter)
Delaware
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0-21816
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52-1490422
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(State
or other jurisdictionof incorporation)
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(Commission
File Number)
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(I.R.S.
EmployerIdentification No.)
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175
Sully’s Trail, Suite 202
Pittsford, New York 14534
(Address
of principal executive offices and Zip Code)
Registrant's
telephone number, including area code:
(585) 385-0610
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(Former
name or former address, if changed since last report)
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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:
o Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to
Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement communications pursuant to
Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Section 1 – Registrant’s Business and
Operations
Item 1.02. Termination of a Material
Definitive Agreement
On
Tuesday, December 1, 2020, Infinite Group, Inc. (“IGI”
or the “Borrower”) received notice of forgiveness for
the full amount of the loan (the “Loan”) that it had
obtained under the Small Business Administration Paycheck
Protection Program of the Coronavirus Aid, Relief and Economic
Security Act of 2020 from Upstate National Bank (the
“Lender”). The terms of the Loan are described in the
Form 8-K filed on April 16, 2020. The Borrower previously applied
to the Lender for forgiveness of the Loan, and the full amount of
the Loan at the time of forgiveness was $963,515.64, including
principal and interest.
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 thereunto duly authorized.
Date: December 4, 2020
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INFINITE GROUP, INC.
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By:
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/s/ James
Villa
James Villa
Chief Executive Officer
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Infinite (CE) (USOTC:IMCI)
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