VYST Vystar Corporation (CE)

 

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 (Date of earliest event reported):  May 22, 2019

 

 

VYSTAR CORPORATION

(Exact Name of Registrant as Specified in Charter)

 

 

Georgia		000-53754		20-2027731
(State or Other Jurisdiction of Incorporation		(Commission File Number)		(IRS Employer Identification No.)

 

 

101 Aylesbury Rd. Worcester, MA		01609
(Address of Principal Executive Offices)		(Zip Code)

 

Registrant’s telephone number, including area code: (508) 791-9114

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 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-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

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

 

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
NONE		NONE		NONE

 

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 1.01.

Entry into a Material Definitive Agreement.

 

(b)       On May 22, 2019, Vystar Corporation executed a Patent Assignment to purchase the assets of Fluid Energy, which consists primarily of U.S. and foreign rights to US Patent No. 7,897,121 and associated goodwill. The assets were purchased effective May 22, 2019 for 2,500,000 shares of Common stock of Vystar Corporation (current approximate value of $100,000).

FEC’s technology harnesses sound energy in unique ways to destroy bacteria and viruses, improve water processing and irrigation, and enhance chemical reactions. The agreement is attached as Exhibit 10.1 and the Press Release related to this matter is attached as Exhibit 99.1

 

Item 9.01.

Exhibits.

 

Exhibit Number	Description
10.1	Patent Assignment for Fluid Energy Patent dated May 22, 2019
99.1	Press Release

 

SIGNATURE

 

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.

 

 

	VYSTAR CORPORATION
Date: May 30, 2019	By:	/s/ Steven Rotman
	Name:	Steven Rotman
	Title:	President/Chief Executive Officer

 

EXHIBIT INDEX

 

Exhibit Number	Description
10.1	Patent Assignment for Fluid Energy Patent dated May 22, 2019
99.1	Press Release