Current Report Filing (8-k)
April 27 2021 - 9:00AM
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): April 27, 2021
GBS
INC.
(Exact
name of registrant as specified in its charter)
Delaware
|
|
001-39825
|
|
82-1512711
|
(State
or other jurisdiction
of incorporation)
|
|
(Commission
File Number)
|
|
(IRS
Employer
Identification No.)
|
708
Third Avenue, 6th Floor
New
York, NY 10017
(Address
of principal executive offices, including zip code)
Registrant’s
telephone number, including area code: Telephone: (646) 828-8258
Not
Applicable
(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 (17 CFR 230.425)
|
|
|
|
|
[ ]
|
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
|
|
|
|
[ ]
|
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
Stock, $0.01 par value
|
|
GBS
|
|
The
NASDAQ Stock Market LLC
|
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 [X]
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. [X]
As
of February 12, 2021, we had reported the number of shares of common stock issued and outstanding was 11,875,222 shares, excluding the
following:
●
|
500,000
shares that will become available for future issuance under our 2019 Equity Incentive Plan, or the “2019 Plan”;
and
|
|
|
●
|
55,555
shares issuable upon the exercise of warrants issued to the underwriters in the December 2020 initial public offering of the Company’s
securities.
|
Since
that time, the number of shares of common stock issued and outstanding increased to 12,382,122 shares, representing an increase of 506,900
shares of common stock. The increase of the 506,900 shares of common stock include:
●
|
500,000
shares issued upon conversion of Series B preferred stock to common stock;
|
|
|
●
|
700
shares of common stock issued upon exercise of Common Stock Series A Warrants; and
|
●
|
6,200
shares of common stock issued upon exercise of Common Stock Series B Warrants.
|
As
of the date of this filing, the number of Common Stock Series A Warrants issued and outstanding is 1,401,377 and the number of Common
Stock Series B Warrants issued and outstanding is 60,182.
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 hereunto duly authorized.
Dated:
April 27, 2021
|
GBS, INC.
|
|
|
|
|
By:
|
/s/
Harry Simeonidis
|
|
Name:
|
Harry
Simeonidis
|
|
Title:
|
Chief
Executive Officer and President
|
GBS (NASDAQ:GBS)
Historical Stock Chart
From Jun 2024 to Jul 2024
GBS (NASDAQ:GBS)
Historical Stock Chart
From Jul 2023 to Jul 2024