GelTech Solutions, Inc. (OTCMKTS:GLTC) Files An 8-K Unregistered Sales of Equity SecuritiesItem 3.02Unregistered Sales of Equity Securities.
On October 12, 2017, 2017, Mr. Michael Reger, the Chairman and president of GelTech Solutions, Inc. (the “Company”) purchased 285,714 shares of the Company’s common stock and 142,857 two-year warrants exercisable at $2.00 per share for $50,000.
Additionally, since August 29, 2017, Mr. Warren Mosler, a 10% holder, has purchased 2,639,284 shares of the Company’s common stock and 1,319,643 two-year warrants exercisable at $2.00 per share for a total of $475,000. These purchases were made in accordance with that certain Stock Purchase Agreement entered into with Mr. Mosler which was previously disclosed on a Form 8-K filed on August 28, 2017.
All of the securities reported under this Item 3.02 were issued without registration under the Securities Act of 1933 in reliance upon the exemption provided in Section 4(a)(2) and Rule 506(b) thereunder.
About GelTech Solutions, Inc. (OTCMKTS:GLTC)
GelTech Solutions, Inc. focuses on various environmentally friendly products, such as FireIce products, Soil2O Dust Control products and Soil2O. FireIce products include a line of fire suppression and fire retardant products, and the equipment used for their varied applications, including the Emergency Manhole FireIce Delivery System (EMFIDS), and FireIce Shield, a line of asset protection products. Soil2O Dust Control products include Soil2O Dust Control and Soil2O Soil Cap. Soil2O includes a line of agricultural moisture retention products, including Soil2O Topical and Soil2O Granular. It offers FireIce in a range of colored variations, such as Fugitive Orange (Sunset Orange) and Fugitive Blue (Cool Blue). As of December 31, 2015, it marketed two distinct versions of Soil2O: Soil2O Topical, a topically applied version, and Soil2O Granular, that is applied prior to planting. Soil2O Soil Cap is a dust control solution designed to stabilize stockpile erosion caused by wind and rain.