NABUFIT GLOBAL, INC. (OTCMKTS:NBFT) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement.
closed on the sale of 2,852,75 shares (“Shares”) of its common
stock, par value $0.0001 per share (“Common Stock”) at a price
of $0.50 per shares (the “Purchase Price”) resulting in an
aggregate gross proceeds to the Company of approximately
$1,426,362. The Shares were sold to one or more subscription
agreements dated on or about December 18, 2016 (“Subscription
Agreements”) by and among the Company and fourteen Danish
investors, including Brian Mertz, the Company’s Chief Executive
Officer and two other current shareholders. The Shares were sold
in transactions exempt from the registration requirements of the
Securities Act of 1933, as amended (the “Securities Act”), in
reliance upon Rule 903 of Regulation S.
Agreement provides that the purchasers shall have the right to
require the Company to register the Shares within ninety (90)
days of the final closing in accordance with the terms of the
Registration Rights Agreement dated on or about December 18,
2016.
Agreements are filed as Exhibits 10.1 and 10.2 to this Current
Report on Form 8-K.
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Item 3.02
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Unregistered Sales of Equity Securities.
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purchase of the Shares set forth in Item 1.01 is incorporated by
reference into this Item 3.02.
announcing the purchase of the Shares. A copy of the press
release is attached hereto as Exhibit 99.1 and is incorporated
herein by reference.
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Item 9.01
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Financial Statements and Exhibits.
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Exhibit Number
10.1
10.2
99.1
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Description of Exhibits
Form of Subscription Agreement.
Form of Registration Rights Agreement.
Press Release issued December 23, 2016
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About NABUFIT GLOBAL, INC. (OTCMKTS:NBFT)
NABUfit Global, Inc., formerly CryptoSign, Inc., manufactures and markets the NABUfit virtual training and fitness products and services, an online fitness portal (NABUfit or, the Product) with the option of connecting existing and future monitoring devices to the Product. The Product incorporates interaction and input through Microsoft Kinect and other technologies and the option for personal data collection, coaching and teaching through mentor services. Customers obtain access to the Product through the purchase of monthly or annual memberships and the downloading of the software or mobile device application. The Product provides custom designed training plans, diet plans and access to mentors and coaching. Through Microsoft Kinect, the NABUfit technology collects data and measures each exercise relatively to a set standard and past performances. The portal also offers a social forum for its users, where users can interact with like-minded members and train with them virtually. NABUFIT GLOBAL, INC. (OTCMKTS:NBFT) Recent Trading Information
NABUFIT GLOBAL, INC. (OTCMKTS:NBFT) closed its last trading session up +0.110 at 0.510 with 7,200 shares trading hands.