Galenfeha, Inc. (OTCMKTS:GLFH) Files An 8-K Termination of a Material Definitive AgreementItem 1.02 Termination of a Material Definitive Agreement
In June of 2017, and July of 2017 the Company entered into two Convertible Promissory Notes with PowerUp Lending Group, LTD, of which details of the notes can be found in the Company’s latest regulatory filings on Form 10Q.
As of the date of this filing, both of these notes have been paid in full and extinguished, and there is no common stock remaining to be converted. A copy of the final note payoff has been attached to this filing as an exhibit.
Item 8.01 Other Events
On February 08, 2018, Galenfeha, Inc. issued a press release regarding the payment of all convertible debentures. A copy of the press release is attached as Exhibit 99.2.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
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.
