iGambit Inc. (OTCMKTS:IGMB) Files An 8-K Unregistered Sales of Equity SecuritiesItem 3.02. Unregistered Sales of Equity Securities.
On January 27, 2017, iGambit Inc., a Delaware corporation (the Company) entered into a
common stock subscription agreement (the Subscription Agreement) with GMI19, LLC, an
accredited investor (the Investors) relating to the issuance and sale of the Company’s common
stock in a private placement.
On January 27, 2017, the Company closed the private placement and sold a total of
2,000,000 shares of restricted common stock (the Shares) to the Investor at $.05 per share, for
aggregate consideration of $100,000.
The Shares were issued in reliance upon the exemptions from registration under the
Securities Act of 1933, as amended, provided by Section 4(a)(2) and Rule 506 of Regulation D
promulgated thereunder. The Investors in the private placement are accredited investors as that
term is defined in Rule 501 of Regulation D and acquired the Shares for investment only and not
with a present view toward, or for resale in connection with, the public sale or distribution
thereof.
ITEM 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit Number
Title of Document
10.1
Form of Subscription Agreement
iGambit Inc. (OTCMKTS:IGMB) Recent Trading Information
iGambit Inc. (OTCMKTS:IGMB) closed its last trading session 00.0000 at 0.0600 with 6,750 shares trading hands.