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: July 16, 2021

 

PURE HARVEST CORPORATE GROUP, INC.

(Name of registrant as specified in its charter)

 

Colorado   333-212055   71-0952431
State of   Commission File   IRS Employer
Incorporation   Number   Identification No.

 

7400 E. Crestline Cir. Ste. 130

Greenwood Village, CO 80111

Address of principal executive offices

 

(800) 924-3716

Telephone number, including area code

 

 

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-14(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 [X]

 

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 13a of the Exchange Act. [X]

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
None   N/A   N/A

 

 

 

 

 

 

ITEM 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

 

On July 16, 2021, the Company issued two convertible promissory notes to two unrelated third parties. The notes, one in the principal amount of $350,000 and one in the principal amount of $50,000, are convertible into shares of the Company’s common stock at a conversion price of $0.40 per share. The notes are due and payable on August 20, 2021 and are unsecured. On August 20, 2021 the Company will collectively pay $30,000 in interest to the note holders. As further consideration for purchasing the notes, the Company issued a total of 30,000 shares of its restricted common stock to the note holders.

 

ITEM 3.02. Unregistered Sale of Equity Securities.

 

The Company relied upon the exemption provided by Section 4(a)(2) of the Securities Act of 1933 in connection with issuance of the notes described in Item 2.03 of this report. The persons who acquired the notes were sophisticated investors and were provided full information regarding the Company’s business and operations. There was no general solicitation in connection with the issuance of the notes. The persons who acquired the notes acquired them for their own accounts.

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

July 26, 2021

 

  PURE HARVEST CORPORATE GROUP, INC.
     
  By: /s/ Matthew Gregarek
    Matthew Gregarek
    Chief Executive Officer

 

 

 

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