Current Report Filing (8-k)
March 05 2020 - 12:27PM
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):
March 4, 2020.
Diego Pellicer Worldwide, Inc.
(Exact Name of Registrant as Specified in Charter)
Delaware
|
|
000-55815
|
|
33-1223037
|
(State or other jurisdiction
|
|
(Commission
|
|
(IRS Employer
|
of incorporation)
|
|
File Number)
|
|
Identification No.)
|
6160 Plumas Street, Suite 100, Reno, NV
89519
Registrant’s telephone number, including
area code: (516) 900-3799
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 DFR 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))
|
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 1.01 Entry into a Material Definitive Agreement.
Item 3.02 Unregistered Sales of Equity Securities.
On March 03, 2020, Diego Pellicer Worldwide,
Inc. (“Registrant”) closed on its sale of 55,800 of its Series C Convertible Preferred Shares (the Series C Shares”),
with an annual accruing dividend of 10%, to Geneva Roth Remark Holdings, Inc. (“Geneva”), for $50,000 pursuant to a
Series C Preferred Purchase Agreement with Geneva. Previously and as reported in its Form 8-K filed with the Commission on December
23, 2019, Registrant filed a Certificate of Designations with the Secretary of State of Delaware, designating 1,500,000 of its
available preferred shares as Series C Preferred Convertible Stock, Stated Value of $1.00 per share. The Certificate of Designations
provides Registrant with the opportunity to redeem the Series C Shares at various increased prices at time intervals up to the
6-month anniversary of the closing and mandates full redemption on the 24-month anniversary. Geneva may convert the Series C Shares
into Registrant’s common shares, commencing on the 6-month anniversary of the closing at a 30% discount to the public market
price.
Readers are cautioned not to rely upon the
above summaries of the cited agreements but to read the full text of these agreements attached as exhibits to this current report.
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.
|
Diego Pellicer Worldwide, Inc.
|
|
|
March 05, 2020
|
By: Christopher D. Strachan
Chief Financial Officer
|
Diego Pellicer Worldwide (CE) (USOTC:DPWW)
Historical Stock Chart
From Aug 2024 to Sep 2024
Diego Pellicer Worldwide (CE) (USOTC:DPWW)
Historical Stock Chart
From Sep 2023 to Sep 2024