Current Report Filing (8-k)
October 04 2021 - 5:25PM
Edgar (US Regulatory)
0001286345
false
0001286345
2021-09-27
2021-09-27
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xbrli:shares
iso4217:USD
xbrli:shares
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the
Securities Act of 1934
Date of Report (Date of earliest event
reported): September
27, 2021
HPIL
HOLDING
(Exact name of registrant as specified
in its charter)
|
Wyoming
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333-121787
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30-0868937
|
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(State or other jurisdiction of incorporation)
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(Commission File Number)
|
(IRS Employer Identification No.)
|
|
|
|
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1720-650
West Georgia Street
Vancouver, British
Columbia, Canada
|
V6B
4N8
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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: (778)
819-1956
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))
Indicate by check mark whether the registrant is an emerging
growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange
Act of 1934 (17 CFR §240.12b-2).
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. ☐
Forward-Looking
Statements
This
Current Report on Form 8-K may contain so-called "forward-looking
statements," all of which are subject to risks and uncertainties. Forward-looking statements can be identified by the use of words
such as "expects," " plans," " will," " forecasts," "projects," "intends," "estimates,"
and other words of similar meaning. One can identify them by the fact that they do not relate strictly to historical or current facts.
These statements are likely to address our growth strategy, company plans, forecasted financial results and product and development programs.
One must carefully consider any such statement and should understand that many factors could cause actual results to differ from our
forward-looking statements. These factors may include inaccurate assumptions and a broad variety
of other risks and uncertainties, including some that are known and some that are not. No forward-looking statement can be guaranteed,
and actual future results may vary materially. We do not assume any obligation to update any forward-looking statement.
As a result, investors should not place undue reliance on these forward-looking statements.
Section
1 - Registrant’s Business and Operations
Item
1.01 Entry into a Material Definitive Agreement.
On
September 27, 2021 HPIL Holding (the “Company”) entered into a Ten Million ($10,000,000.00) Dollar Equity Line Of Credit
(“Credit Line”) with Auctus Fund LLC. This credit line is open where the Company can draw down at its own discretion. The funds
will be used for the expansion of the Company by adding an Auto Robotic center of approximately 5,0000 sq. feet in Kent, Washington
and all the equipment that will operate at the center.
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.
Date: October 4,
2021
|
HPIL
HOLDING
(Registrant)
By: /s/ Stephen Brown
Stephen Brown
Chief Executive Officer
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