Blue Sphere Corporation (OTCMKTS:BLSP) Files An 8-K Completion of Acquisition or Disposition of Assets

Blue Sphere Corporation (OTCMKTS:BLSP) Files An 8-K Completion of Acquisition or Disposition of Assets
Item 2.01

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Completion of Acquisition or Disposition of Assets.

On September 6, 2017, we filed a Current Report on Form 8-K (the “Initial Report”) to report that on September 4, 2017, to a previously reported Share Purchase Agreement, dated June 29, 2017, as amended on July 12, 2017 and July 31, 2017, by and among the Company’s wholly-owned subsidiary, Bluesphere Italy, and Pronto Verde A.G., BlueSphere Italy completed the acquisition of one hundred percent (50%) of the share capital of Futuris Papia S.p.A., a joint stock company organized under the laws of Italy, which owns and operates a 0.995 Kw plant for the production of electricity from vegetal oil located in Udine, Italy. In connection with the closing, Futuris Papia S.r.l., a limited liability company organized under the laws of Italy, was converted into Futuris Papia S.p.A.

The information in Item 2.01 of the Initial Report is incorporated herein by reference.

This Current Report on Form 8-K/A is being filed to provide certain financial statements and pro forma information of Futuris Papia S.p.A. required by Item 9.01 of Form 8-K.

Item 9.01

Financial Statements and Exhibits.

(a) Financial statements of businesses acquired.

The audited financial statements of Futuris Papia S.p.A. for the years ended December 31, 2016 and December 31, 2015, and the notes to the audited financial statements, are filed as Exhibit 99.1 hereto, and are hereby incorporated by reference into this Item 9.01.

The interim unaudited condensed financial statements of Futuris Papia S.p.A. for the six months ended June 30, 2017 and June 30, 2016, and the notes to the unaudited condensed financial statements, are filed as Exhibit 99.2 hereto, and are hereby incorporated by reference into this Item 9.01.

(b) Pro forma financial information.

The unaudited pro forma condensed combined balance sheet as of December 31, 2016 and June 30, 2017, and the unaudited pro forma condensed combined statement of operations for the year ended December 31, 2016 and the six months ended June 30, 2017 are filed as Exhibit 99.3 hereto, and are hereby incorporated by reference into this Item 9.01.

(d) Exhibits.

The documents set forth below are filed herewith.


BLUE SPHERE CORP. Exhibit
EX-99.1 2 ex99-1.htm AUDITED FINANCIAL STATEMENTS OF FUTURIS PAPI S.P.A.   Blue Sphere Corporation 8-K/A   Exhibit 99.1   FINANCIAL STATEMENTS   FUTURIS PAPIA S.p.A. FINANCIAL STATEMENTS   AS OF DECEMBER 31,…
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About Blue Sphere Corporation (OTCMKTS:BLSP)

Blue Sphere Corporation is a global clean energy company. The Company develops, manages and owns waste-to-energy and other renewable energy projects. It is an international build, own and operate company (BOO) active around the world in the clean energy production and organics to energy markets. The Company is focused on approximately 10 projects related to the construction, acquisition or development of biogas facilities. It is carrying out a range of waste-to-energy projects around the world with capacities ranging between 1 to 5 megawatts. It has a waste to energy anaerobic digester of approximately 5.2 megawatts plant in Charlotte, North Carolina. The Company operates a waste to energy anaerobic digester of approximately 3.2 megawatts plant in Johnston, Rhode Island. The Company has a waste to energy anaerobic digester of approximately five megawatts plant in Ramat Chovav, Israel. As of September 30, 2015, the Company had not generated any revenues.

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