AIRBORNE WIRELESS NETWORK (OTCMKTS:ABWN) Files An 8-K Unregistered Sales of Equity Securities
ITEM 3.02 UNREGISTERED SALES OF EQUITY SECURITIES.
On February 20, 2017, upon exercise of warrants therefor,
Airborne Wireless Network, a Nevada corporation (the Company),
sold and issued 592,000 shares of the Companys common stock at a
price of $1.25 per share for an aggregate price of $740,000.
Those shares were issued in a transaction which satisfies the
requirements for that exemption from the registration and
prospectus delivery requirements of the Securities Act of 1933
(the Securities Act) specified by the provisions of Regulation S.
Accordingly, those shares were sold in an offshore transaction
and no directed selling efforts were made in the United States by
the Company, any distributor or any of their affiliates or any
person acting on behalf of any of the foregoing. The Company is
subject to Category 3 of Rule 903 of Regulation S and,
accordingly, implemented the offering restrictions of Category 3
of that Rule 903 by including a legend on all offering materials
and documents, which specifies those shares have not been
registered to the Securities Act and may not be offered or sold
in the United States or to a U.S. person, unless those shares are
registered to the Securities Act or, alternatively, an exemption
from those registration requirements is available.
About AIRBORNE WIRELESS NETWORK (OTCMKTS:ABWN)
Airborne Wireless Network, formerly Ample-Tee, Inc., is a development-stage company. The Company is developing a meshed network. The Company is seeking opportunities for the acquisition of assets. For its wholesale carrier network, the Company intends to use commercial aircraft as mini-satellites. The Company’s wholesale carrier network would be the airborne broadband pipeline, providing connectivity for broadband carrier services using commercial aircraft. As of May 31, 2016, the Company had no operations and had not earned any revenues. AIRBORNE WIRELESS NETWORK (OTCMKTS:ABWN) Recent Trading Information
AIRBORNE WIRELESS NETWORK (OTCMKTS:ABWN) closed its last trading session down -0.23 at 3.66 with shares trading hands.