Current Report Filing (8-k)
February 09 2021 - 9:06AM
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
9, 2021 (February 9, 2021)
Nxt-ID, Inc.
(Exact name of registrant as specified in
its charter)
Delaware
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001-36616
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46-0678374
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(State or other jurisdiction
of incorporation)
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(Commission File Number)
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(IRS Employer
Identification No.)
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Nxt-ID, Inc.
288 Christian Street
Hangar C 2nd Floor
Oxford, CT 06478
(Address of principal executive offices)
(Zip Code)
Registrant’s telephone number, including
area code: (203) 266-2103
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
(see General Instruction A.2. below):
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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 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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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. ☐
Securities registered pursuant to Section
12(b) of the Act:
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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Common Stock, par value $0.0001
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NXTD
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The Nasdaq Stock Market LLC
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Item 8.01 Other
Events.
On February 9, 2021, Nxt-ID, Inc. (the
“Company”) issued a press release announcing that the Company recently made a prepayment of approximately $5.0 million
in principal of its senior secured debt, and that, as a result of this prepayment, the Company reduced the outstanding principal
amount to approximately $5.7 million. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein
by reference.
Forward-Looking Statements
This Current Report on Form 8-K and Exhibit
99.1 contain forward-looking statements. Forward-looking statements include, but are not limited to, statements that express the
Company’s intentions, beliefs, expectations, strategies, predictions or any other statements related to the Company’s
future activities, or future events or conditions. These statements are based on current expectations, estimates and projections
about the Company’s business based, in part, on assumptions made by its management. These statements are not guarantees of
future performances and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes
and results may differ materially from what is expressed or forecasted in the forward-looking statements due to numerous factors,
including those risks discussed in the Company’s Annual Report on Form 10-K, and in other documents that the Company files
from time to time with the Securities and Exchange Commission. Any forward-looking statements speak only as of the date on which
they are made, and the Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances
after the date of this Form 8-K, except as required by law.
Item 9.01
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Financial Statements and Exhibits.
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(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.
Date: February 9, 2021
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Nxt-ID, Inc.
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By:
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/s/ Vincent S. Miceli
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Name:
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Vincent S. Miceli
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Title:
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Chief Executive Officer
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2
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