Current Report Filing (8-k)
June 30 2020 - 12:48PM
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
June
26, 2020
Date
of Report
(Date
of earliest event reported)
OZOP
SURGICAL CORP.
(Exact
name of registrant as specified in its charter)
Nevada
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000-55976
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35-2540672
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(State
or other jurisdiction of
Incorporation)
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(Commission
File
Number)
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(IRS
Employer
Identification
No.)
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31
Sandfort Ln., Warwick NY 10990
(Address
of principal executive offices, including zip code)
(845)
544-5112
(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:
[ ]
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Written
communications pursuant to Rule 425 under the Securities Act
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[ ]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act
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[ ]
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act
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[ ]
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act
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Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
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Trading
Symbol(s)
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Name
of each exchange on which registered
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N/A
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N/A
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N/A
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Item
1.01 Entry into a Material Definitive Agreement.
On
June 26, 2020, Ozop Surgical Corp. (the “Company”) entered into a stock purchase agreement (the “SPA”)
with Power Conversion Technology, Inc., a Pennsylvania corporation (“PCTI”) and Catherine Chis, the sole shareholder
of PCTI. Under the terms of the SPA, the Company shall acquire one thousand (1,000) shares of PCTI, which represents all of the
outstanding shares of PCTI, from Catherine Chis in exchange for a cash payment of $400,000.00 and the issuance of 47,500 shares
of the Company’s Series C Preferred Stock, 18,667 shares of the Company’s Series D Preferred Stock, and 500 shares
of the Company’s Series E Preferred Stock to Catherine Chis. The closing of the SPA shall occur on or before July 10, 2020.
The
foregoing information is a summary of the SPA described above, is not complete, and is qualified in its entirety by reference
to the full text of the SPA, which is attached as Exhibit 10.1 to this Current Report on Form 8-K. Readers should review the SPA
for a complete understanding of the terms and conditions of the transaction described above.
Item
7.01 Regulation FD Disclosure.
On
June 29, 2020, the Company issued a press release regarding the SPA with PCTI and Catherine Chis. A copy of the press release
issued by the Company is attached as Exhibit 99.1 to this Current Report on Form 8-K, which is incorporated by reference solely
for purposes of this Item 7.01 disclosure.
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 Financial Statements and Exhibits.
(d)
Exhibits.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this Report to be signed on its behalf
by the undersigned hereunto duly authorized.
Dated:
June 29, 2020
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OZOP
SURGICAL CORP.
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By:
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/s/
Brian Conway
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Name:
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Brian
Conway
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Title:
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Chief
Executive Officer
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Ozop Energy Solutions (PK) (USOTC:OZSC)
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