GALENFEHA, INC. (OTCMKTS:GLFH) Files An 8-K Entry into a Material Definitive AgreementItem 1.01 Entry into a Material Definitive Agreement
On January 29, 2018 Galenfeha entered into a Definitive Agreement to acquire Fleaux Solutions, LLC for a cash purchase of $1.00. A slide presentation that details of the operations of Fleaux Solutions, LLC can be found by following this link:
https://prezi.com/view/7P3RcS0t8Xeay8erb2UD/
Item 7.01 Regulation FD Disclosure
On January 29, 2018, Galenfeha’s President and CEO filed with the commission on Form 4, disclosing the sale of 3,000,000 shares of preferred Series B stock to an affiliate of Fleaux Solutions, LLC, and to an affiliate of Fleaux Services of Louisiana, LLC. These shares will be moved into the Series A preferred stock. Series A votes 1:1; converts back to common 1:1; is not subject to splits in order to facilitate mergers, acquisitions, or meeting the requirements of a listed exchange; and cannot be converted back to common for resale in the open market until a 30 day VWAP of $3.50 per share has been met in Galenfeha’s public trading market. All future sales of company securities by affiliates will adhere to rules and regulations of the Commission.
Exhibit Table:
| Exhibit 99.1 | Fleaux Solutions, LLC Definitive Agreement |
Galenfeha, Inc. ExhibitEX-99.1 2 exhibit99-1.htm EXHIBIT 99.1 Galenfeha,…To view the full exhibit click here
About GALENFEHA, INC. (OTCMKTS:GLFH)
Galenfeha, Inc. is an engineering, product development and manufacturing company. The Company provides solutions for oil and natural gas production, as well as stored energy products across multiple industries. The Company provides these products and services through its Stored Energy and Oil and Gas division. The Company, through Daylight Pumps, LLC (Daylight), produces injections pumps to the oil and gas industry. It offers contractual engineering services, and develops and manufactures products for natural gas producers, and various industries mainly in the states of Texas and Louisiana. The Company’s product, Lithium iron Phosphate (LiFePO4) Stored Energy Systems, is available in over four battery sizes, including approximately 30 ampere hour (Ah), 40Ah, 120Ah and 120Ah Severe Duty (SD). Its other products include Daylight Chemical Injection Pumps, Galenfeha Custom Package Assemblies, Chargers and Portable Power Pack.