Current Report Filing (8-k)
June 28 2021 - 5:26PM
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
28, 2021 (June 22, 2021)
Innovative Payment Solutions, Inc.
(Exact name of registrant as specified in charter)
Nevada
(State or other jurisdiction of incorporation)
000-55648
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33-1230229
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(Commission
File Number)
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(IRS Employer
Identification No.)
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19355 Business Center
Drive, #9
Northridge, CA 91324
(Address of principal
executive offices)
(818) 864-8404
(Registrant’s telephone number, including
area code)
(Former Name and Former Address)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of 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(b) 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: None
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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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 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. ☐
Item 8.01 Other Events
On June 28, 2021, Innovative Payment Solutions,
Inc. (the “Company”) announced that, on June 22, 2021, the Company made an investment (the “Investment”) in Frictionless
Financial Technologies, Inc. (“Frictionless”) which resulted in the Company being issued 10% of the outstanding shares of
Frictionless. Frictionless is a frictionless global payments enablement and software company. On June 28, 2021, the Company issued a press
release announcing the Investment, which is attached as Exhibit 99.1 hereto and incorporated by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
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.
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INNOVATIVE PAYMENT SOLUTIONS, INC.
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Date: June 28, 2021
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By:
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/s/ William Corbett
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Name:
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William Corbett
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Title:
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Chief Executive Officer
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