MOJO Organics, Inc. (OTCMKTS:MOJO) Files An 8-K Other Events

ME Staff 8-k
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MOJO Organics, Inc. (OTCMKTS:MOJO) Files An 8-K Other Events

MOJO Organics, Inc. (OTCMKTS:MOJO) Files An 8-K Other Events
Item 8.01. Other Events.

On November 1, 2019, the Board of Directors (the “Board”) of MOJO Organics, Inc. authorized and approved a share repurchase program for up 1,000,000 shares of the currently outstanding shares of the Company’s common stock over a period of one year, starting on January 1, 2020 and ending on December 31, 2020. Under the stock repurchase program, the Company intends to repurchase shares through open market purchases, privately-negotiated transactions, block purchases or otherwise in accordance with applicable federal securities laws, including Rule 10b-18 of the Exchange Act.

The Board also authorized the Company to enter into written trading plans under Rule 10b5-1 of the Exchange Act. Adopting a trading plan that satisfies the conditions of Rule 10b5-1 allows a company to repurchase its shares at times when it might otherwise be prevented from doing so due to self-imposed trading blackout periods or to insider trading laws. Under any Rule 10b5-1 trading plan, the Company’s third-party broker, subject to Securities and Exchange Commission regulations regarding certain price, market, volume and timing constraints, would have authority to purchase the Company’s common stock in accordance with the terms of the plan. The Company may from time to time enter into Rule 10b5-1 trading plans to facilitate the repurchase of its common stock to its share repurchase program.

The Company cannot predict when or if it will repurchase any shares of common stock as such stock repurchase program will depend on a number of factors, including constraints specified in any Rule 10b5-1 trading plans, price, general business and market conditions, and alternative investment opportunities. Information regarding share repurchases will be available in the Company’s periodic reports on Form 10-Q and 10-K filed with the Securities and Exchange Commission as required by the applicable rules of the Exchange Act.

This report contains forward-looking information, as that term is defined under the Exchange Act, including information regarding purchases by the Company of its common stock to any Rule 10b5-1 trading plans. By their nature, forward-looking information and statements are subject to risks, uncertainties, and contingencies, including changes in price and volume and the volatility of the Company’s common stock; adverse developments affecting either or both of prices and trading of exchange-traded securities, including securities quoted on the OTC Market; and unexpected or otherwise unplanned or alternative requirements with respect to the capital investments of the Company. The Company does not undertake to update any forward looking statements or information, including those contained in this report.

SECTION 8 – Other Events

Item 8.01 Other Events

On November 4, 2019, we issued a press release concerning the repurchase program. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.

The information in Item 8.01 of this Current Report on Form 8-K (including Exhibit 99.1) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as expressly set forth by specific reference in such a filing.

SECTION 9 – Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits.


MOJO Organics, Inc. Exhibit
EX-99.1 2 ex99_1.htm EXHIBIT 99.1 MOJO Announces Share Repurchase Program   Jersey City,…
To view the full exhibit click here

About MOJO Organics, Inc. (OTCMKTS:MOJO)

MOJO Organics, Inc. is engaged in new product development, production, marketing and distribution of beverage brands. The Company offers its products under various categories, such as organic coconut water, natural coconut water and organic tropical juice. Its organic coconut water products include Pure Coconut Water, Alphonso Mango Flavored Coconut Water and Queen Victoria Pineapple Flavored Coconut Water. Its natural coconut water products include Pineapple Flavored Coconut Water, Peach Mango Flavored Coconut Water and Pure Coconut Water. The Company’s organic tropical juice products include Mango, Passion Fruit and Pineapple. The Company also offers MOJO Naturals Pure Coconut Water. The Company produces two additional flavors: Coconut Water + Peach Mango and Coconut Water + Pineapple.