Form 8-K - Current report
May 17 2024 - 9:41AM
Edgar (US Regulatory)
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0001437283
0001437283
2024-05-17
2024-05-17
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON,
DC 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): May 17, 2024 |
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Rego Payment Architectures, Inc. |
(Exact Name of Registrant as Specified in Charter) |
|
Delaware |
(State or Other Jurisdiction of Incorporation) |
0-53944 |
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35-2327649 |
(Commission File Number) |
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(IRS Employer Identification No.) |
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325 Sentry Parkway, Suite 200, Blue Bell, Pennsylvania |
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19422 |
(Address of Principal Executive Offices) |
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(Zip Code) |
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(267) 465-7530 |
(Registrant's Telephone Number, Including Area Code) |
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Not Applicable |
(Former Name or Former Address, if Changed Since Last Report) |
Securities registered or to be registered pursuant
to Section 12(b) of the Act:
Title of each class |
Trading Symbols(s) |
Name of each exchange on which registered |
None |
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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):
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¨ |
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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¨ |
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 8.01. Other Events.
On May 17, 2024, Rego Payment Architectures,
Inc. (the “Company”) issued the press release filed herewith as Exhibit 99.1.
ITEM 9.01. Financial
Statements and Exhibits.
(d) Exhibits –
The following exhibits are filed as part of this report:
Exhibit No. Description
of Exhibit
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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REGO PAYMENT ARCHITECTURES, INC. |
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Date: May 17, 2024 |
By: |
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/s/ Joseph R. Toczydlowski |
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Joseph R. Toczydlowski |
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Chief Financial Officer |
Exhibit 99.1
Rego Payment
Architectures, Inc. Announces Completion of Its $25 Million
Series B Preferred
Stock Financing
Rego Payment Architectures, Inc. completes its Series B Preferred
Stock private placement, increasing the total capital raised to over $100 million.
BLUE BELL, PA, May 17, 2024 (GLOBE NEWSWIRE) –
Rego Payment Architectures, Inc. (“REGO”) (OTCQB: RPMT), today announced that it has raised an additional $3.5 million through
the private placement of 38,889 shares of the company’s Series B Preferred Stock, which completes its $25 million Series B Preferred
Stock offering.
Peter S. Pelullo, Chief Executive Officer at REGO,
said, “The completion of our Series B Preferred Stock offering brings the total capital raised by REGO north of $100 million. This
most-recent investment, combined with our $20 million line of credit availability, provides the financial pathway for execution of our
2024 corporate and strategic goals.”
For more information about REGO, please visit www.regopayments.com
About REGO
Rego Payment Architectures, Inc. ("REGO")
provides a family digital wallet platform that empowers financial institutions to let their customer's children spend, save, donate and
invest in a safe, parent-controlled environment. Founded in 2008, REGO provides the only family digital wallet platform to be certified
COPPA (Children's Online Privacy Protection Act) and third-party GDPR (General Data Privacy Regulation) compliant. REGO has also been
awarded multiple patents related to the safety of parent and child data, including age verification of users. Built from the ground-up
to protect the privacy of children's data, REGO offers financial literacy tools for parents to teach their kids to be smarter shoppers,
savers, givers and investors. Financial institutions of all sizes can offer a family digital wallet product through REGO as a white-labeled
stand-alone application or fully integrated into their existing app.
Safe Harbor Statement
The information in this press release may contain
forward-looking statements on REGO’s current expectations and projections about future events. These forward-looking statements
are not guarantees and are subject to known and unknown risks, uncertainties, and assumptions about REGO that may cause the actual results,
levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance,
or achievements expressed or implied by such forward-looking statements. Important factors that could cause actual results to differ materially
from REGO’s expectations include, but are not limited to: REGO’s ability to raise additional capital, the absence of any material
operating history or revenue, REGO’s ability to attract and retain qualified personnel, the ability to develop and introduce a new
service and products to the market in a timely manner, market acceptance of REGO’s services and products, REGO’s limited experience
in the industry, the ability to successfully develop licensing programs and generate business, rapid technological change in relevant
markets, unexpected network interruptions or security breaches, changes in demand for current and future intellectual property rights,
legislative, regulatory and competitive developments, intense competition with larger companies, general economic conditions, and other
risks as described by REGO in Item 1.A “Risk Factors” in REGO’s most recent Form 10-K, other risks to which REGO is
subject, and other factors beyond REGO’s control.
All subsequent written and oral forward-looking
statements attributable to REGO, or persons acting on REGO’s behalf, are expressly qualified in their entirety by the foregoing.
REGO has no obligation to and does not undertake to update, revise, or correct any of these forward-looking statements after the date
of this press release.
Media Contact:
Pawan Murthy
Chief Marketing Officer
Rego Payment Architectures, Inc.
pawan@regopayments.com
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May 17, 2024 |
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Rego Payment Architectures, Inc.
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DE
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PA
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