Current Report Filing (8-k)
April 17 2020 - 3:58PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 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 10, 2020
Brownie’s
Marine Group, Inc.
(Exact
name of registrant as specified in its charter)
Florida
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333-99393
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90-0226181
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(State
or other jurisdiction
of
incorporation or organization)
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(Commission
File
Number)
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(I.R.S.
Employer
Identification
No.)
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3001
NW 25 Avenue, Suite 1, Pompano Beach, FL 33069
(Address
of principal executive offices)(Zip Code)
Registrant’s
telephone number, including area code: (954) 462-5570
(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 (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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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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none
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not
applicable
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not
applicable
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Indicate
by check mark whether the registrant is an emerging growth company as defined in 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 checkmark 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
3.02
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Unregistered
Sales of Equity Securities.
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On
April 10, 2020 Brownie’s Marine Group, Inc., a Florida corporation (the “Company”) sold an aggregate of 20,000,000
shares of its common stock at a purchase price of $0.025 per share in private transactions exempt from registration under the
Securities Act of 1933, as amended, in reliance on exemptions provided by Section 4(a)(2) of that act. The purchasers who were
accredited investors included Mr. Charles F. Hyatt, a member of the Company’s Board of Directors, who purchased 10,000,000
shares of common stock. The Company did not pay any commissions or finder’s fees and is using the proceeds for working capital.
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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Brownie’s
Marine Group, Inc.
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Date:
April 17, 2020
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By:
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/s/
Robert M. Carmichael
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Robert
M. Carmichael, Chief Executive Officer
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