AERKOMM INC. (OTCMKTS:AKOM) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement.
The information contained in Item 3.02 below is incorporated
herein by reference.
Item 3.02 Unregistered Sale of Equity
On February 23, 2017, Aerkomm Inc. (the Company)
entered into subscription agreements with a number of investors
(the Investors) who agreed to purchase an
aggregate of 333,333 shares (the Shares) of the
Companys common stock, $0.001 par value per share, at a price per
share of $3.00 per share, for an aggregate purchase of
$1,000,000. The Shares were offered and sold by the Company in a
private placement offering (the Offering) of up
to a maximum of 500,000 shares ($1,500,000) of the Companys
common stock. The Company may accept additional subscriptions in
the Offering through March 31, 2017.
The subscription agreements between the Companyand each of the
Investors in the Offering provide that the Company will file with
the Securities and Exchange Commission not later than ninety (90)
days after the date of the final closing of the Offering a
registration statement on an appropriate form covering the resale
of the Shares.
The sales of the Shares were exempt from the registration
requirements of the Securities Act of 1933 by virtue of Section
4(a)(2) thereof and Regulation D promulgated thereunder, as
transactions by an issuer not involving a public offering. The
purchasers of the securities represented their intention to
acquire the securities for investment only and not with a view to
or for sale in connection with any distribution thereof, and
appropriate restrictive legends are being affixed to the
certificates evidencing the Shares issued in the Offering. All
purchasers of the securities represented and warranted, among
other things, that they were accredited investors within the
meaning of Rule 501 of Regulation D, that they had the knowledge
and experience in financial and business matters necessary to
evaluate the merits and risks of an investment in the Company,
that they had the ability to bear the economic risks of the
investment, and that they had adequate access to information
about the Company.
Item 9.01 Financial Statements and
The following exhibits are filed herewith:
Description of Exhibit
Form of Common Stock Subscription Agreement.
About AERKOMM INC. (OTCMKTS:AKOM)
Aerkomm Inc., formerly Maple Tree Kids, Inc., is a provider of in-flight connectivity and entertainment (IFEC) solutions. The Company provides airline passengers with a broadband in-flight experience that encompasses a range of service options. The Company’s service options include wireless fidelity (Wi-Fi), cellular networks, movies, gaming, live television and music. The Company offers its services through both built-in in-flight entertainment systems, such as a seat-back display, as well as on passengers’ personal devices. The Company also provides content management services and e-commerce solutions. The Company partners with airlines and offers airline passengers free IFEC services. It focuses on offering PlayStation, Xbox and other console games. The Company focuses on offering the AirCinema solution. AirCinema utilizes the pico projector technology to bring supersized screen display onboard airplanes. It focuses on offering a system of real-time flight information back-up. AERKOMM INC. (OTCMKTS:AKOM) Recent Trading Information
AERKOMM INC. (OTCMKTS:AKOM) closed its last trading session at 0.0000 with shares trading hands.