ENVISION SOLAR INTERNATIONAL, INC. (OTCMKTS:EVSI) Files An 8-K Unregistered Sales of Equity SecuritiesItem 3.02. Unregistered Sales of Equity Securities.
See Item 8.01 of this Report.
SECTION 8. OTHER EVENTS
Item 8.01. Other Events.
On February 15, 2017, eight holders of that certain convertible promissory note in the original outstanding principal amount of $600,000 payable by Envision Solar International, Inc., a Nevada corporation (the "Company"), which they acquired from Robert Noble on October 14, 2016 at par, submitted Notices of Conversion of this promissory note to this Company. The aggregate outstanding balance of the promissory note on the date of the submission of the Notices, which is the effective date in the conversions, including outstanding principal and accrued but unpaid interest, is $704,709. The conversion price is $0.15 per share. Accordingly, the Company is issuing a total of 4,698,060 shares of its common stock among the holders of the convertible promissory note, pro rata in accordance with their relative ownership of the note. These eight noteholders are also among the investors who participated in the purchase of 11,587,440 shares of common stock from Robert Noble on December 30, 2016. Robert Noble was previously a director of the Company. He resigned on December 24, 2015.
About ENVISION SOLAR INTERNATIONAL, INC. (OTCMKTS:EVSI)
Envision Solar International, Inc. (Envision) invents, designs and manufactures solar products and technology solutions focusing on various verticals, such as electric vehicle charging infrastructure; out of home advertising infrastructure, and energy security and disaster preparedness. The Company focuses on creating renewable energized powered platforms for electric vehicle (EV) charging, media and branding, and energy security. The Company’s product lines include the Electric Vehicle Autonomous Renewable Charger product (EV ARC) and the Solar Tree product. Its list of products includes EV ARC Electric Vehicle Charger; EV ARC Digital Electric Vehicle Charger with Digital Advertising Screen; EV ARC Motorcycle Charger; EV ARC Bicycle Charger; The Solar Tree DCFC product, equipped with a large array and on-board battery storage for direct current (DC) fast charging and energy security, and The Branded Solar Tree (HVBA) products, which include customized branding, finishes and signage. ENVISION SOLAR INTERNATIONAL, INC. (OTCMKTS:EVSI) Recent Trading Information
ENVISION SOLAR INTERNATIONAL, INC. (OTCMKTS:EVSI) closed its last trading session down -0.005 at 0.145 with shares trading hands.