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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.  

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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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