GelTech Solutions, Inc. (OTCMKTS:GLTC) Files An 8-K Unregistered Sales of Equity SecuritiesItem 3.02 Unregistered Sales of Equity Securities.
On May 15, 2017, GelTech Solutions, Inc. (the “Company”) issued Mr. Michael Reger, the Company’s Chairman of the Board and principal shareholder, 428,032 shares of common stock in lieu of a $149,811 interest payment due under his outstanding convertible note and 1,275,277 shares of common stock in lieu of a $357,063 interest payment due under the convertible line of credit agreement between Mr. Reger and the Company.
All of the securities 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. GelTech Solutions, Inc. (OTCMKTS:GLTC) Recent Trading Information
GelTech Solutions, Inc. (OTCMKTS:GLTC) closed its last trading session up +0.004 at 0.234 with 9,361 shares trading hands.