Current Report Filing (8-k)
October 04 2018 - 10:11AM
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)
October 3, 2018
INNERSCOPE
HEARING TECHNOLOGIES, INC.
(Exact
Name of Registrant as Specified in Charter)
Nevada
|
(State
or Other Jurisdiction of Incorporation)
|
333-209341
|
|
46-3096516
|
(Commission
File Number)
|
|
(IRS
Employer Identification No.)
|
2151
Professional Drive, 2
nd
Floor
Roseville,
CA
|
|
95661
|
(Address
of principal executive offices)
|
|
(Zip
code)
|
(916)
218-4100
|
(Registrant’s
telephone number, including area code)
|
Not
applicable
|
(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:
☐
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 (§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 Material Definitive Agreement.
|
On October 3,
2018, InnerScope Hearing Technologies, Inc. (the “Company”) entered into a Manufacturing Design and Marketing Agreement
(the “Agreement”) with Zounds Heating, Inc.
a Delaware corporation (“Zounds”),
whereby, Zounds as the Subcontractor will provide design, technology, manufacturing and supply chain services to the Company,
to enable the Company to manufacture comparable hearing aids and related components and accessories to be sold under the Company’s
exclusive brand names (the “Manufacturer’s Products”) through the Company’s various marketing and distribution
channels.
The Company will pay Zounds One Million USD ($1,000,000) (the “Technology Access
Fee”). The Technology Access Fee will be paid in two equal installments of $500,000 each. The first installment will be
due thirty (30) days following the Effective Date and the second installment will be due sixty (60) days following the Effective
Date.
The foregoing
description of the Agreement does not purport to be complete and is qualified in its entirety by the Agreement, a copy of which
is attached to this Current Report on Form 8-K as Exhibit 10.1, which is incorporated herein by reference.
|
Item
7.01
|
Regulation
FD Disclosure
|
On October
3, 2018, the Company issued a press release announcing the Agreement, a copy of which is attached herewith as Exhibit 99.1 The
information contained in the press release attached hereto is being furnished and 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 liability
of that Section, and shall not be incorporated by reference into any registration statement or other document filed under the
Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such
filing.
|
Item 9.01
|
Financial
Statements and Exhibits.
|
(d) Exhibits
Exhibit
No.
|
|
Description
|
|
|
|
10.1
|
|
Manufacturing
Design and Marketing Agreement.*
|
|
|
|
99.1
|
|
Press
Release (furnished herewith).
|
*Filed herewith.
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 3, 2018
INNERSCOPE HEARING TECHNOLOGIES, INC.
By:
/s/ Matthew Moore
Matthew Moore
Chief Executive Officer
Innerscope Hearing Techn... (PK) (USOTC:INND)
Historical Stock Chart
From Mar 2024 to Apr 2024
Innerscope Hearing Techn... (PK) (USOTC:INND)
Historical Stock Chart
From Apr 2023 to Apr 2024