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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): August 1, 2023

 

DIGITAL LOCATIONS, INC.

 

(Exact name of registrant as specified in its charter)

 

Nevada   000-54817   20-5451302

(State or other jurisdiction of

incorporation or organization)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

1117 State Street,

Santa Barbara, CA

  93101
(Address of Principal Executive Offices)   (Zip Code)

 

(805) 456-7000

(Registrant’s telephone number, including area code)

 

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 (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))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common   DLOC   OTC Pink

 

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 7.01 Regulation FD Disclosure.

 

On August 1, 2023, the Company issued a press release discussing the presence of different types of space debris and their impact on satellites and other space objects. A copy of the press release issued by the Company is attached as Exhibit 99.1 to this Current Report on Form 8-K, which is incorporated by reference solely for purposes of this Item 7.01 disclosure.

 

Exhibit 99.1 contains forward-looking statements. These forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Forward-looking statements are based upon assumptions as to future events that may not prove to be accurate. Actual outcomes and results may differ materially from what is expressed in these forward-looking statements.

 

The information set forth under this Item 7.01, including Exhibit 99.1, is being furnished and, as a result, such information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of such Section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

 

Item 9.01 Exhibits

 

99.1   Press Release dated August 1, 2023
104   Cover Page Interactive Data File (embedded within the Inline XBRL Document)

 

   

 

 

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 thereunto duly authorized.

 

  DIGITAL LOCATIONS, INC.
     
Date: August 2, 2023 By: /s/ Rich Berliner
  Name: Rich Berliner
  Title: Chief Executive Officer

 

   

 

 

Exhibit 99.1

 

Digital Locations CEO Rich Berliner Discussed “Space Junk” with Aeronautics and Astronautics Engineer

 

Dr. Nicholas Lee, Research Engineer in Aeronautics and Astronautics at Stanford University, commented about the presence of different types of space debris and their impact on satellites and other space objects.

 

SANTA BARBARA, CA, August 1, 2023 (GLOBE NEWSWIRE) — Digital Locations, Inc. (OTCMKTS:DLOC), the developer of a disruptive technology that will deliver high-speed Internet from satellites directly to smartphones all over the world, today announced that in a recent podcast, its CEO, Rich Berliner, spoke with Dr. Nicholas Lee, Research Engineer in Aeronautics and Astronautics at Stanford University.

 

During the conversation, Dr. Lee commented about the presence of different types of space debris and their impact on satellites and RF (radiofrequency) transmitters.

 

“When we have a meteoroid that hits a spacecraft, what’s happening is that all of the Kinetic Energy is being transformed into melting, vaporizing, ionizing the projectile as well as the piece of spacecraft. It then forms a crater and a very dense plasma comes out of it,” said Dr. Lee. “When plasma is very dense, very compact, then you have all of those electrons and ions behaving like a liquid and there are pressure forces which can dominate over the electromagnetic forces.”

 

Dr. Lee also discussed the placement of electronics on the inside of the spacecrafts and explained further structural elements.

 

Dr. Nicolas Lee is currently a Research Engineer in Aeronautics and Astronautics at Stanford University, working primarily on asteroid resource characterization and CubeSat technologies. Previously, Dr. Lee was a Ph.D. student at Stanford studying meteoroid impact effects on spacecraft, and a W. M. Keck Institute for Space Studies postdoctoral scholar in aerospace at Caltech, researching technologies for robotically assembled space telescopes, membrane structures for space solar power applications, and small satellite high voltage electronics.

 

This podcast can be viewed at https://www.youtube.com/watch?v=1HUmxOgKm9s

 

   

 

 

About Digital Locations, Inc.

 

Digital Locations, Inc., is the developer of a disruptive technology that will deliver high-speed Internet from satellites directly to smartphones all over the world. Today, high-speed Internet (also known as broadband Internet) is only available in densely populated areas around the world. The rest of the world is still waiting. Elon Musk (SpaceX), Jeff Bezos (Blue Origin) and others are launching thousands of Low Earth Orbit (LEO) satellites. Unfortunately, without the use of additional equipment, the technology does not yet exist that will allow these satellites to deliver high-speed Internet directly to smartphones. Solving this problem represents an extraordinary business opportunity. Working with a research team from Florida International University, we are developing a truly disruptive technology that will finally make it possible for the wireless industry to offer high-speed Internet service from satellites directly to smartphones anywhere in the world, indoors and outdoors with no dead zones and no cell towers. Anyone, anywhere, regardless of location, economic status, race or gender will be able to access high-speed Internet service and benefit from remote learning, health care, government services, telework, participation in public affairs and even Netflix, Amazon and much, much more.

 

To learn more about Digital Locations please visit www.digitallocations.com

 

Safe Harbor Statement

 

This press release may contain “forward-looking statements.” Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations, and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Any forward-looking statement made by us in this release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise, except as may be required under applicable law.

 

Press Contact:

 

communications@digitallocations.com

 

(805) 456-7000

 

   

 

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