IDDRIVEN, INC. (OTCMKTS:IDDR) Files An 8-K Unregistered Sales of Equity Securities
Item 3.02. Unregistered Sales of Equity Securities.
On November 18, 2016, we filed our Form 10-Q periodic report for
the fiscal quarter ending September 30, 2016, in which we
reported that we have outstanding a total of 82,561,409 shares of
common stock. Since that date, we have issued an additional
14,895,988 shares of common stock as follows: (i) on or about
December 14, 2016 we issued 3,993,285 shares to the conversion of
118,333 shares of our Series A Preferred Stock at a conversion
price of $0.0296; (ii) December 15, 2016 we issued 4,100,000
shares to the conversion of 121,360 shares of our Series A
Preferred Stock at a conversion price of $0.0296; (iii) on or
about December 22, 2016 we issued 4,100,000 shares to the
conversion of 121,360 shares of our Series A Preferred Stock at a
conversion price of $0.0296; and (iv) on or about December 27 ,
2016 we issued 2,702,703 shares to the conversion of 80,000
shares of our Series A Preferred Stock at a conversion price of
$0.0296.
The issuance of the above shares was exempt from the registration
requirements of Section 5 of the Securities Act of 1933 (the Act)
to Section 4(a)(2) thereto as isolated transactions not involving
a public offering.
Following the issuances outlined above, and as of December 27,
2016, the Registrant has a total of 97,457,397 shares of common
stock issued and outstanding.
About IDDRIVEN, INC. (OTCMKTS:IDDR)
IDdriven, Inc., formerly TiXFi Inc., is an enterprise software company. The Company develops and launches identity and access management (IAM) enterprise solutions. IAM solution helps end users to ensure that access across multiple technological environments is granted only to the right individuals. The Company’s IAM solutions provide identity-based access to various systems, applications and information from any location. The Company’s product, IDdriven, is designed to manage volumes of users and access rights over various applications in hybrid environments (cloud and on-premise). The Company’s plug and play functionality enables a new and untapped small and medium-sized enterprises (SME) marketplace. The Company’s IDdriven provides Identity as a Service (IDaaS) solution, which supports the life cycle of users and provides the customer (information technology (IT) Administrator or Risk Management Officer) with control at every stage of the process. IDDRIVEN, INC. (OTCMKTS:IDDR) Recent Trading Information
IDDRIVEN, INC. (OTCMKTS:IDDR) closed its last trading session 00.0000 at 0.0380 with shares trading hands.