Current Report Filing (8-k)
November 17 2017 - 4:16PM
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
Date of Report (Date of Earliest Event Reported):
November 17, 2017
AMERI
Holdings, Inc.
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(Exact name of registrant as specified in its charter)
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Delaware
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000-26460
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95-4484725
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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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100 Canal Pointe Boulevard, Suite 108, Princeton, New Jersey
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08540
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(Address of Principal Executive Offices)
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(Zip Code)
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Registrant’s Telephone Number, Including
Area Code: (732) 243-9250
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(Former Name or Former Address, If Changed Since Last Report)
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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):
☐ 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))
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.
On November 17, 2017, Ameri Holdings, Inc.
(the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with Northland Securities,
Inc., as representative (the “Representative”) of the underwriters (the “Underwriters”) named therein,
relating to a firm commitment underwritten public offering of 1,475,000 shares of the Company’s common stock (the “Common
Stock”) at a price to the public of $4.115 per share and warrants (the “Warrants”) to purchase up to an aggregate
of 1,475,000 shares of Common Stock at a price to the public of $0.01 per Warrant. The Warrants will have a per share exercise
price of $4.115, are exercisable immediately and will expire five years from the date of issuance. The Company also granted the
Underwriters a 30-day option to purchase up to an additional 221,250 shares of Common Stock and 221,250 additional Warrants to
cover over-allotments, if any.
Northland Securities, Inc. is acting as sole
bookrunner for the offering and Barrington Research Associates, Inc. is acting as co-manager for the offering, which is a firm
commitment underwritten public offering pursuant to a registration statement on Form S-1 (File No. 333-220499) and a related prospectus
filed with the Securities and Exchange Commission, which became effective on November 9, 2017. A post-effective amendment to the registration statement became effective on November 17, 2017.
Pursuant to the Underwriting Agreement, the
Company will pay the Underwriters a commission equal to 7.0% of the gross proceeds of the offering and up to $100,000 of accountable
expenses.
The Underwriting Agreement contains customary
representations, warranties and agreements by the Company, and customary conditions to closing, indemnification obligations of
the Company and the Underwriters, including for liabilities under the Securities Act of 1933, as amended, other obligations of
the parties, and termination provisions.
In connection with the offering, the Company
also entered into a warrant agent agreement (the “Warrant Agent Agreement”) dated November 17, 2017 with Corporate
Stock Transfer (“Corporate Stock”) for Corporate Stock to act as warrant agent for the Warrants.
A copy of the Underwriting Agreement is attached
as Exhibit 1.1 and is incorporated herein by reference. The foregoing description of the Underwriting Agreement is not complete
and is qualified in its entirety by reference to Exhibit 1.1. The prospectus relating to the offering has been filed with the Securities
and Exchange Commission.
Copies of the Warrant Agent Agreement with
the form of Warrant are filed hereto as Exhibit 4.1. The foregoing descriptions of the Warrant Agent Agreement and the Warrant
are not complete and are qualified in their entirety by reference to Exhibit 4.1.
Item 8.01. Other Material Information.
On November 17, 2017, Ameri Holdings, Inc.
issued a press release entitled “Ameri Holdings, Inc. Prices Public Offering and Lists on the Nasdaq Capital Market”.
A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
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Item 9.01
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Financial Statements and Exhibits.
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(d) Exhibits
Exhibit No
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Description
EXHIBIT INDEX
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.
November 17, 2017
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AMERI HOLDINGS, INC.
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By:
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/s/ Giri
Devanur
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Name:
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Giri Devanur
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Title:
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President and Chief Executive Officer
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