Current Report Filing (8-k)
24 Febbraio 2023 - 10:33PM
Edgar (US Regulatory)
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0001681556
2023-02-24
2023-02-24
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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): February 24, 2023
GEX
MANAGEMENT INC.
(Exact
name of registrant as specified in its charter)
Texas |
|
001-38288 |
|
56-2428818 |
(State
or other jurisdiction of
incorporation
or organization) |
|
(Commission
File Number) |
|
(I.R.S.
Employer
Identification
No.) |
3662
W Camp Wisdom Rd, Dallas, Texas |
|
75237 |
(Address
of principal executive offices) |
|
(Zip
Code) |
Registrant’s
Telephone Number, including area code: (877) 210-4396
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-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
Common
Stock |
|
GXXM |
|
OTC
Pink |
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
February 24, 2023, the Board of Directors resolved to file additional disclosures related to a convertible note transaction executed
in Q4 2021, in order to satisfy certain covenant requirements related to the note. On November 16, 2021, GEX Management, Inc. (the “Company”
or “Registrant”), in the ordinary course of its business and pursuant to its ongoing plan of operations to fund its business
by the use of convertible note transactions, entered into a Securities Purchase Agreement (“SPA”) with BHP Capital NY, Inc.,
an institutional investor and the Lead Investor (“BHP”) dated November 16, 2021.
Pursuant
to the terms of the SPA, the Company issued and sold to BHP an 12% Senior Convertible Note dated November 16, 2021 in the principal amount
of $155,000 (the “Note”), due and payable on November 16, 2022.
Item
9.01 Financial Statements and Exhibits
Exhibit
No. |
|
Description |
104 |
|
Cover
Page Interactive Data File (embedded within the Inline XBRL document) |
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 thereunto duly authorized.
Date:
February 24, 2023 |
GEX
Management, Inc |
|
|
|
By: |
/s/
Sri Vanamali |
|
|
Sri
Vanamali |
|
|
Chief
Executive Officer |
Grafico Azioni Gex Management (CE) (USOTC:GXXM)
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