FULLNET COMMUNICATIONS, INC. (OTCMKTS:FULO) Files An 8-K Unregistered Sales of Equity SecuritiesItem 3.02. UNREGISTERED SALES OF EQUITY SECURITIES
On September 28, 2018, FullNet Communications, Inc. (the “Company”) agreed to sell 1,750,000 restricted shares of its common stock, par value $.00001 per share to the exercise of previously issued and outstanding common stock purchase options (the “Options”) held by various officers and directors of the Company and their family members. Proceeds from the exercise of the Options were $70,000. The common shares were issued to Section 4(a)(2) of the Securities Act of 1933, as amended and Rule 506 of Regulation D thereunder without payment of any form of commissions or other remuneration.
Immediately following the exercise of the Options, the Company had 13,621,009 shares of common stock outstanding.
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About FULLNET COMMUNICATIONS, INC. (OTCMKTS:FULO)
FullNet Communications, Inc. is an integrated communications provider. Through its subsidiaries, the Company provides Internet access, Web hosting, equipment co-location, traditional telephone services, as well as advanced voice and data solutions. It markets its carrier neutral co-location solutions in its network operations center to other local exchange carriers, Internet service providers and Web-hosting companies. Through FullTel, Inc., its subsidiary, it operates as a licensed competitive local exchange carrier in Oklahoma. Through CallMultiplier, Inc., its subsidiary, it offers a cloud-based solution to consumers and businesses for automated calling, texting and voice message delivery. CallMultiplier is a cloud-based solution to consumers and businesses for automated calling, texting and voice message delivery. Through FullNet, Inc., it provides customers with dial-up and connectivity, as well as direct access to Internet applications and resources, including electronic mail.