Current Report Filing (8-k)
April 29 2016 - 1:53PM
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
April
29, 2016
Date
of Report
[Date
of Earliest Event Reported]
PCS
EDVENTURES!.COM, INC.
(Exact
name of Registrant as specified in its Charter)
IDAHO
|
|
000-49990
|
|
82-0475383
|
(State
or Other Jurisdiction
|
|
(Commission
|
|
(I.R.S.
Employer
|
of
Incorporation)
|
|
File
Number)
|
|
Identification
No.)
|
345
Bobwhite Court, Suite 200
Boise,
Idaho 83706
(Address
of Principal Executive Offices)
(208)
343-3110
(Registrant’s
Telephone Number, including area code)
N/A
(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 (see general instruction A.2. below):
[ ]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ]
Soliciting material pursuant to Rule 14-a-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))
Item.
2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
See
Item 8.01 below.
Item
3.02 Unregistered Sales of Equity Securities.
The
holder of one convertible note of the Company has elected to convert the note into shares of our common stock. The aggregate principal
amount of the convertible note being converted is $200,000. Conversion of the aggregate principal and accrued interest of this
note will result in the issuance of 5,763,014 shares of our common stock. $200,000 of the aggregate principal amount of this note
represent loans provided to us by one of the members of our Board of Directors. With accrued interest, the conversion of these
notes reduces our total short term debt by $230,521.
These issuance of these shares was exempt
from registration under Section 4(a)(2) of the Securities Act of 1933, as amended, as a transaction not involving a public offering.
Item
8.01 Other Information.
On
April 29, 2016, Mr. Hackett, the holder of these promissory notes, approved a Note Extension Agreement extending the due dates
of the specific Promissory Notes detailed in the Note Table below:
NOTE
TABLE
Note Holder
|
|
Original
Principal
Balance
|
|
|
Principal
11/30/15
|
|
|
Origination
Date
|
|
|
Original
Due
Date
|
|
|
Amended Due Date
|
|
|
Interest
Rate
|
|
Todd Hackett
|
|
$
|
870,457
|
|
|
$
|
892,679
|
|
|
|
10/21/14
|
|
|
|
05/31/15
|
|
|
|
5/31/2016
|
|
|
|
10
|
%
|
Todd Hackett
|
|
$
|
400,000
|
|
|
$
|
400,000
|
|
|
|
01/16/15
|
|
|
|
06/30/15
|
|
|
|
5/31/2016
|
|
|
|
10
|
%
|
Todd Hackett
|
|
$
|
135,000
|
|
|
$
|
135,000
|
|
|
|
2/17 & 3/5/15
|
|
|
|
06/30/15
|
|
|
|
5/31/2016
|
|
|
|
10
|
%
|
Todd Hackett
|
|
$
|
135,000
|
|
|
$
|
40,000
|
|
|
|
04/20/15
|
|
|
|
06/30/15
|
|
|
|
5/31/2016
|
|
|
|
10
|
%
|
Todd Hackett
|
|
$
|
100,000
|
|
|
$
|
100,000
|
|
|
|
2/6/16
|
|
|
|
2/29/16
|
|
|
|
5/31/2016
|
|
|
|
10
|
%
|
Todd Hackett
|
|
$
|
100,000
|
|
|
$
|
100,000
|
|
|
|
03/16/16
|
|
|
|
04/30/16
|
|
|
|
5/31/2016
|
|
|
|
10
|
%
|
Todd Hackett
|
|
$
|
100,000
|
|
|
$
|
100,000
|
|
|
|
04/01/16
|
|
|
|
04/30/16
|
|
|
|
5/31/2016
|
|
|
|
10
|
%
|
Todd Hackett
|
|
$
|
40,000
|
|
|
$
|
40,000
|
|
|
|
04/19/16
|
|
|
|
04/30/16
|
|
|
|
5/31/2016
|
|
|
|
10
|
%
|
SIGNATURES
Pursuant
to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this Current Report to be signed
on its behalf by the undersigned hereunto duly authorized.
PCS
EDVENTURES!.COM, INC.
Dated:
|
April
29, 2016
|
|
|
By:
|
/s/ Robert
Grover
|
|
|
|
|
|
Robert
O. Grover
|
|
|
|
|
|
Executive
Vice President
|
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