Current Report Filing (8-k)
February 22 2022 - 4:38PM
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): February
22, 2022
THE MARQUIE GROUP, INC.
(Exact Name of Registrant as Specified in Charter)
Florida |
000-54163 |
26-2091212 |
(State of Other Jurisdiction |
(Commission File |
(IRS Employer |
Of Incorporation) |
Number) |
Identification No.) |
7901 4th Street North, Suite 4000
St. Petersburg, FL |
33702-4305 |
(Address of Principal Executive Offices) |
(Zip Code) |
Registrant’s telephone number, including area
code: (800) 351-3021
(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:
[ ] Written communications pursuant to Rule 425 under the Securities Act
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act
Item 1.01 Entry into a Material Definitive Agreement
On February 18, 2022, The Marquie Group, Inc. (the
“Company”) entered into a Settlement and Mutual Release Agreement (the “Auctus Settlement”) with Auctus Fund,
LLC (“Auctus”) in respect to three convertible promissory notes payable to Auctus in the aggregate face amount of $308,750.00
(the “Auctus Convertible Debt”), and four warrants (the “Auctus Warrants”) to acquire an aggregate of 529,875,000
shares of the Company’s common stock. The Auctus Convertible Debt and the Auctus Warrants are collectively referred to herein as
the “Auctus Settlement Securities”. Pursuant to the terms of the Auctus Settlement, Auctus agreed to the full and complete
settlement of the Auctus Settlement Securities in exchange for $150,000.
Also on February 18, 2022, the Company entered into
a Settlement and Mutual Release Agreement (the “EMA Settlement”) with EMA Financial, LLC (“EMA”) in respect to
two convertible promissory notes payable to EMA in the aggregate amount of $163,000.00 (the “EMA Convertible Debt”). Pursuant
to the terms of the EMA Settlement, EMA agreed to the full and complete settlement of the EMA Convertible Debt in exchange for $50,000.
| Item 3.02 | Unregistered Sales of Equity Securities |
As noted in Item 1.01 above, on February 18, 2022,
the Company entered into the Auctus Settlement with Auctus in respect to the Auctus Settlement Securities. Pursuant to the terms of the
Auctus Settlement, Auctus agreed to the full and complete settlement of the Auctus Settlement Securities in exchange for $150,000.
Also as noted in Item 1.01 above, on February 18, 2022,
the Company entered into the EMA Settlement with EMA in respect to the EMA Convertible Debt. Pursuant to the terms of the EMA Settlement,
EMA agreed to the full and complete settlement of the EMA Convertible Debt in exchange for $50,000.
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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The Marquie Group, Inc. |
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Date: February 22, 2022 |
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By: /s/ Marc Angell |
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Marc Angell |
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Chief Executive Officer |
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