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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): March 5, 2024
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
March 5, 2024, the Company issued a press release. A copy of the press release is attached hereto as Exhibit 99.1.
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
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:
March 6, 2024 |
By: |
/s/
Rich Berliner |
|
Name: |
Rich
Berliner |
|
Title: |
Chief
Executive Officer |
Exhibit
99.1
Digital
Locations Welcomes the FCC to the Satellite to Mobile Party
The
Company, a pioneer in the satellite to mobile industry, endorses the Federal Communication Commission’s efforts to regulate supplemental
Internet coverage from space
SANTA
BARBARA, CA, March 5, 2024 (GLOBE NEWSWIRE) – Digital Locations, Inc. (OTCMKTS:DLOC), the developer of Satenna™,
a breakthrough technology that will deliver high-speed Internet from satellites directly to smartphones all over the world, today announced
its endorsement of the Federal Communications Commission (FCC) proposal to regulate supplemental Internet coverage from space.
“Welcome
to the party,” said Rich Berliner, CEO of Digital Locations. “The FCC has finally taken notice of the groundwork laid by
space communications pioneers, such as Elon Musk’s Starlink, Jeff Bezos’ Project Kuiper, Globalstar and Digital Locations.
We endorse the recent FCC proposal to regulate supplemental Internet coverage from space.”
The
FCC finally has its eyes set on space and satellite communications. On February 22, the FCC issued a 160-page report and order that would
establish a domestic regulatory framework to enable collaborations between satellite operators and terrestrial service providers to offer
ubiquitous connectivity, directly to consumer handsets using spectrum previously allocated only to terrestrial service.
With
an upcoming vote, the FCC will begin to lay the groundwork for needed rules and regulations for the growing satellite Internet business.
The FCC wants to establish clear and transparent processes to support supplemental Internet coverage from space. Connecting consumers
to essential wireless services where traditional terrestrial mobile service is not available can be lifesaving in remote locations and
can open innovative opportunities for consumers and businesses, according to the FCC.
“I
believe that we have a head start over other players in this space,” Mr. Berliner continued. “Working with our technology
team at Florida International University (FIU), we are developing a solution that only requires modifications on the smartphone side.
This breakthrough can potentially eliminate the need to make costly and time-consuming modifications to existing, as well as future satellites.”
Mr.
Berliner concluded, “This is a major breakthrough. Initially we envision Satenna™ in a test phase as an add-on
to existing phones. However, if our technology were included in a future version of an Apple iPhone or a Samsung phone, then a user of
one of these smartphones of the future could instantly connect to a satellite system offering high-speed Internet service. With total
satellite coverage from the sky, the days are numbered for dead zones, dropped calls and slow data.”
About
Digital Locations, Inc.
Digital
Locations, Inc., is the developer of Satenna™, a breakthrough 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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