Current Report Filing (8-k)
May 11 2022 - 9:01AM
Edgar (US Regulatory)
0001553404
false
NONE
0001553404
2022-05-11
2022-05-11
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
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)
May 11, 2022
PACIFIC GREEN TECHNOLOGIES INC. |
(Exact name of registrant as specified in its charter) |
Delaware |
|
000-54756 |
|
36-4966163 |
(State or other jurisdiction
of incorporation) |
|
(Commission File Number) |
|
(IRS Employer
Identification No.) |
Suite 10212, 8 The Green Dover, DE |
|
19901 |
(Address of principal executive offices) |
|
(Zip Code) |
Registrant’s telephone number, including
area code (302) 601-4659
N/A |
(Former name or former address, if changed since last report.) |
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)) |
Securities registered pursuant to Section 12(b)
of the Act:
Title of each class |
|
Trading Symbol(s) |
|
Name of each exchange on which registered |
Common Shares |
|
PGTK |
|
OTC Markets |
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 May 11, 2022, the Company and Green Power Reserves
Limited (“GPR”) entered into an equity financing agreement. GPR provided approximately US$16.0 Million (£ 13.0 Million)
for a fifty percent shareholding in Pacific Green Battery Energy Parks 1 Limited (“PGBEP”). The proceeds from the investment
will be used to provide the equity financing for the construction of the 99.98 MW battery energy storage system that PGBEP is developing
in Kent, England.
Item
7.01 Regulation FD Disclosure
A copy of the news release announcing the equity
financing agreement with GPR is filed as exhibit 99.1 to this current report and is hereby incorporated by reference.
Item 9.01 Financial Statements and 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.
PACIFIC GREEN TECHNOLOGIES
INC.
/s/ Scott Poulter |
|
Scott Poulter |
|
Chief Executive Officer and Director |
|
Date: May 11, 2022 |
|
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