GelTech Solutions, Inc. (OTCMKTS:GLTC) Files An 8-K Unregistered Sales of Equity Securities
Item 3.02 Unregistered Sales of Equity Securities.

On November 29, 2016, GelTech Solutions, Inc. (the “Company”) issued Mr. Michael Reger, the Company’s President, director and principal shareholder, a $175,000 7.5% secured convertible note in consideration for a loan of $175,000. The note is convertible at $0.23 per share and matures on December 31, 2020. Repayment of the note is secured by all of the Company’s assets including its intellectual property and inventory in accordance with a secured line of credit agreement between the Company and Mr. Reger. Additionally, the Company issued Mr. Reger 340,435 two-year warrants exercisable at $2.00 per share.

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 down -0.005 at 0.225 with 35,845 shares trading hands.