Current Report Filing (8-k)
October 26 2020 - 4:55PM
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
October
15, 2020
Date
of Report (Date of earliest event reported)
PETVIVO
HOLDINGS, INC.
(Exact
name of registrant as specified in its charter)
Nevada
|
|
000-55167
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99-0363559
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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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5251
Edina Industrial Blvd.
Edina,
Minnesota
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55349
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(Address
of principal executive offices)
|
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(Zip
Code)
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(952)
405-6216
Registrant’s
telephone number, including area code
Check
the appropriate box below if the Form 8-K 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)
|
[ ]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
[ ]
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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[ ]
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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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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Common
Stock
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PETV
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OTCQB
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Item 1.01
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Entry into a Material Definitive Agreement
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Effective
October 15, 2020 PetVivo Holdings, Inc., a Nevada corporation (“Company”) entered into a note conversion agreement
with David B. Masters in which he agreed to convert his Promissory Note having an outstanding principal amount of $192.500 plus
a conversion fee of $3,500 into units (the “Units”) consisting of one share of the Company’s common stock and
one warrant to purchase one share of Common Stock, as part of the Company’s contemplated public offering of Units facilitated
by ThinkEquity, a division of Fordham Financial Management, Inc. The number of Units to be issued pursuant to the conversion of
the Note shall be determined by dividing the conversion amount of $196,000 by the per Unit price at which the Company sells Units
in the public offering on the date of the closing of the public offering.
The
Company regards this as a substantial and material debt settlement agreement that is a significant benefit to its current financial
position, as well as to its future ability to finance the planned operations and projected commercial growth of its business.
Item
9.01
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Financial
Statements and Exhibits
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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.
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PETVIVO HOLDINGS, INC.
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|
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Date: October 26, 2020
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By:
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/s/
John Lai
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Name:
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John Lai
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Title:
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Chief Executive Officer
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