Current Report Filing (8-k)
October 04 2021 - 05:25PM
Edgar (US Regulatory)
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2021-09-27 iso4217:USD xbrli:shares iso4217:USD xbrli:shares
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Act of 1934
Date of Report (Date of earliest event reported):
September 27, 2021
HPIL HOLDING
(Exact name of registrant as specified in its charter)
Wyoming |
333-121787 |
30-0868937 |
(State or
other jurisdiction of incorporation) |
(Commission File
Number) |
(IRS
Employer Identification No.) |
|
|
|
1720-650 West Georgia Street
Vancouver,
British Columbia,
Canada |
V6B 4N8 |
(Address
of Principal Executive Offices) |
(Zip
Code) |
Registrant's telephone number, including area code:
(778)
819-1956
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))
Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933 (17
CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934
(17 CFR §240.12b-2).
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. ☐
Forward-Looking
Statements
This Current Report on Form
8-K may contain so-called "forward-looking statements," all of
which are subject to risks and uncertainties. Forward-looking
statements can be identified by the use of words such as "expects,"
" plans," " will," " forecasts," "projects," "intends,"
"estimates," and other words of similar meaning. One can identify
them by the fact that they do not relate strictly to historical or
current facts. These statements are likely to address our growth
strategy, company plans, forecasted financial results and product
and development programs. One must carefully consider any such
statement and should understand that many factors could cause
actual results to differ from our forward-looking statements. These
factors may include inaccurate assumptions and a broad variety of other risks and
uncertainties, including some that are known and some that
are not. No forward-looking statement can be guaranteed, and actual
future results may vary materially. We do not assume any obligation
to update any forward-looking statement. As a result, investors
should not place undue reliance on these forward-looking
statements.
Section 1
- Registrant’s Business and Operations
Item 1.01
Entry into a Material Definitive Agreement.
On September
27, 2021 HPIL Holding (the “Company”) entered into a Ten Million
($10,000,000.00) Dollar Equity Line Of Credit (“Credit Line”) with
Auctus Fund LLC. This credit line is open where the Company can
draw down at its own discretion. The funds will be used for the
expansion of the Company by adding an Auto Robotic center of
approximately 5,0000 sq. feet in Kent, Washington and all the
equipment that will operate at the center.
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: October 4, 2021
HPIL HOLDING
(Registrant)
By: /s/ Stephen Brown
Stephen Brown
Chief Executive Officer
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