Amended Current Report Filing (8-k/a)
December 05 2017 - 2:55PM
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 (Date of earliest event reported): May 27, 2016
NUKKLEUS
INC.
(Exact
name of registrant as specified in its charter)
Delaware
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333-192647
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38-3912845
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(State or Other Jurisdiction
of Incorporation)
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(Commission File
Number)
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(IRS Employer Identification
Number)
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525
Washington Blvd.
Jersey
City, New Jersey 07310
(Address
of principal executive offices) (zip code)
212-720-7200
(Registrant’s
telephone number, including area code)
Copies
to:
Stephen
M. Fleming, Esq.
Fleming
PLLC
49
Front Street, Suite 206
Rockville
Centre, New York 11570
Phone:
(516) 833-5034
Fax:
(516) 977-1209
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))
EXPLANATORY
NOTE:
This Amendment No. 1 to the Current Report on Form 8-K amends Items 1.01 and 9.01 of the Current Report
on Form 8-K filed on June 3, 2016 to update the status the Iron Purchase Agreement (as defined below).
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Item
1.01
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Entry
into a Material Definitive Agreement.
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Item
1.02
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Termination
of a Material Definitive Agreement.
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Item
5.02
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Departure
of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements
of Certain Officers.
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As
previously reported, on May 27, 2016, Nukkleus Inc., a Delaware corporation (the “Company”), IBIH Limited, a BVI corporation
(“IBIH”) and the shareholders of IBIH (the “IBIH Shareholders”) entered into a Stock Purchase Agreement (the
“Iron Purchase Agreement”) pursuant to which the Company acquired from IBIH 2,200 shares of capital stock of IBIH,
representing 9.9% of the issued and outstanding capital stock of IBIH, and 100% of the issued and outstanding securities of GVS
Limited (“Iron BVI”), which is the parent corporation of
GVS
(AU) Pty Ltd. (“Iron Australia”)
in consideration of the payment of $1,000,000 and 24,156,000 shares of common
stock of the Company. An initial payment of $175,000 was paid on May 27, 2016 and the balance of $825,000 was paid June 7, 2016.
The Company agreed to acquire the remaining 20,000 outstanding shares of capital stock of IBIH from the IBIH Shareholders in consideration
of 219,844,000 shares of common stock subject to IBIH and its subsidiaries obtaining the required approvals from the Financial
Conduct Authority in the United Kingdom and the Cyprus Securities and Exchange Commission. On November 17, 2017, the Company,
IBIH, Terra (FX) Offshore Limited, Ludico Investments Limited, Currency Mountain Holdings LLC and the IBIH Shareholders entered
into a Settlement Agreement and Mutual Release (the “Iron Settlement Agreement”) pursuant to which the Iron Purchase
Agreement was terminated, all differences between the parties were resolved and settled and the parties fully released the other
parties from any liability. Pursuant to the Iron Settlement Agreement, the Company agreed to (i) have the registered office of
Iron Australia changed, (ii) have its director designees resign as directors of Iron Australia, (iii) appoint
Markos
Kashiouris, Petros Economides and Yun Ma as directors of Iron Australia; (iv) and make all required changes with the Australian
Securities and Investments Commission.
With respect to Iron BVI, pursuant to the Iron Settlement Agreement, the Company
agreed to (i) have the registered office of Iron BVI changed, (ii) have its director designee resign as a director of Iron BVI,
(iii) appoint
Cymora Limited as director of Iron BVI;
(iv) and make all required changes with the BVI Registrar of Companies. Further, the Company agreed to return the
2,200
shares of capital stock of IBIH to the IBIH Shareholders and return 100% of its interest in Iron BVI to IBIH. IBIH agreed to return
the 24,156,000 shares of common stock of the Company to the Company for cancellation and to pay the Company $1,000,000. Further,
Markos Kashiouris, Petros Economides and Efstathios Christophi
resigned as directors of the Company and waived any directorship fees payable to them under their letter of appointment dated
August 1, 2016. The $1,000,000 has been paid to the Company and IBIH is currently in process of returning the certificate representing
the 2
4,156,000 shares of common stock of the Company for cancellation.
Item
9.01 Financial Statements and Exhibits
(d)
Exhibits
SIGNATURES
Pursuant
to the requirements of the Securities and 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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NUKKLEUS
INC.
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December 5, 2017
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By:
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/s/ Emil Assentato
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Name: Emil Assentato
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Title: President and Chief Executive Officer
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(Principal Executive Officer)
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