HALITRON, INC. (OTCMKTS:HAON) Files An 8-K Entry into a Material Definitive Agreement
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
On May 2, 2017, Halitron, Inc. (the Company) entered into a
Settlement Agreement and Stipulation (Agreement) with Northbridge
Financial, Inc., a Delaware corporation (NBF). to the Agreement
(attached hereto as Exhibit 10.1), NBF acquired outstanding
liabilities of the Company in the principal amount of not less
than $369,793.44.
After the execution of the Agreement, the Company and NBF
submitted to the Court (defined below), to Section 3(a)(10) of
the Securities Act of 1933 (Act), the terms and conditions of
this Agreement for a hearing on the fairness of such terms and
conditions, including the issuance of the Settlement Shares, as
defined in the Agreement.
On May 3, 2017, the Circuit Court of the Twelfth Judicial Circuit
of Florida (Manatee County) entered an Order (see Exhibit 10.2)
finding that the Agreement is approved as fair to NBF, within the
meaning of Section 3(a)(10) of the Act, and that the sale of the
shares to NBF and the resale of the shares by NBF will be exempt
from registration under the Act.
ITEM 7.01 REGULATION FD DISCLOSURE
On May 12, 2017, the Company issued a press release announcing
future Company operations.. A copy of the Companys press release
is attached hereto as Exhibit99.1 and incorporated in this Item
7.01 in its entirety.
The information contained in, or incorporated into, this Item
7.01 is being furnished and shall not be deemed filed for the
purposes of Section 18 of the Securities Exchange Act of 1934, as
amended, or otherwise subject to the liabilities of that section,
nor shall it be deemed incorporated by reference into any
registration statement or other filing under the Securities Act
of 1933, as amended, except as shall be expressly set forth by
specific reference to such filing.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
Exhibits.
Exhibits included are set forth in the Exhibit Index to Item 601
of Regulation S-K.
About HALITRON, INC. (OTCMKTS:HAON)
Halitron, Inc. is an equity investment holding company. The Company is focused on implementing an acquisition roll-up model of acquiring high growth sales and marketing businesses. The Company is structured with two Strategic Business Units: Sales & Marketing Division and a Manufacturing Division. It is focused on acquisition targets that provide sales, marketing, and manufacturing services and products. The Company’s portfolio holding include CinchSigns, NDG Holdings, Inc., Teknik Digital Arts, Inc. and Archival Museum Supplies. The Company has two footprints; one in Newtown, Connecticut, that houses sales, marketing, finance, and second location in San Diego, California, which is the distribution point for products, which are primarily made in and around Tijuana, Mexico. The Company is focused on acquiring bankrupt, distressed or insolvent companies where it can acquire the business inexpensively and then roll the assets into its infrastructure. HALITRON, INC. (OTCMKTS:HAON) Recent Trading Information
HALITRON, INC. (OTCMKTS:HAON) closed its last trading session down -0.00020 at 0.00110 with 38,468,255 shares trading hands.
