Amended Current Report Filing (8-k/a)
06 Maggio 2019 - 9:47PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K/A
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the
Securities
Exchange Act of 1934
Date
of Report:
November 2, 2018
(Date
of earliest event reported)
SHARING
SERVICES GLOBAL Corp
(Exact
name of registrant as specified in its charter)
Nevada
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333-205310
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30-0869786
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(State
or other jurisdiction
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(Commission
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(I.R.S.
Employer
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of
incorporation)
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file number)
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Identification
Number)
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1700
Coit Road, Suite 100, Plano, Texas 75075
(Address
of principal executive offices)
(714)
203-6717
(Registrant’s
telephone number, including area code)
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:
[ ]
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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[ ]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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[ ]
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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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[ ]
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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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 13(a) of the Exchange Act. [ ]
Item
1.01
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Entry
into a Material Definitive Agreement.
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The
information contained in Item 2.03 below is incorporated herein by reference.
Item
2.03
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Creation
of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
of the Registrant.
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On
November 2, 2018, the Company entered into a financing agreement with Syndimate LLC (“Syndimate”) pursuant to which
the Company agreed to sell to Syndimate certain future trade receipts in the aggregate amount of $330,000. Net proceeds from this
transaction were $239,000 and were net of an initial financing fee of $11,000 and applicable financing costs, calculated at an
annual percentage rate (“APR”) of 86%. Under the terms of the agreement, borrowings are payable in equal daily installments
of approximately $2,063 over a term of approximately five and one-half months.
On
November 27, 2018, Sharing Services, Inc. (the “Company”) entered into a financing agreement with Libertas Funding
LLC (“Libertas”) pursuant to which the Company agreed to sell to Libertas certain future trade receipts in the aggregate
amount of $635,000. Net proceeds from this transaction were $490,000 and were net of an initial financing fee of $10,000 and applicable
financing costs, calculated at an APR of 76%. Under the terms of the agreement, borrowings are payable in equal daily installments
to Libertas of approximately $4,320, subject to change at the Sharing Services, Inc.’s discretion, over a term of approximately
five months.
On
November 30, 2018, Sharing Services, Inc. (the “Company”) entered into a financing agreement with eMerchant Advance
LLC (“eMerchant”) pursuant to which the Company agreed to sell to eMerchant certain future trade receipts in the aggregate
amount of $635,000. Net proceeds from this transaction were $485,000 and were net of an initial financing fee of $15,000 and applicable
financing costs, calculated at an APR of 76%. Under the terms of the agreement, borrowings are payable in equal daily installments
to eMerchant of approximately $4,320, subject to change at the Sharing Services, Inc.’s discretion, over a term of approximately
five months.
Item
9.01
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Financial
Statements and Exhibits.
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(d)
Exhibits
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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SHARING
SERVICES GLOBAL Corp
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May
6, 2019
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By:
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/s/
John Thatch
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Name:
John Thatch
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Title:
President, Chief Executive Officer and Director
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Grafico Azioni Sharing Services Global (PK) (USOTC:SHRG)
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