Nxt-ID, Inc. (NASDAQ:NXTD) Files An 8-K Financial Statements and ExhibitsItem 9.01 (a) and (b) of Form 8-K (the “Financial Information”) with respect to the acquisition of Fit Pay, Inc. (“Fit Pay”) by Nxt-ID, Inc (the “Company”), which occurred on May 23, 2017, as disclosed on the Current Report on Form 8-K filed with the Securities and Exchange Commission on May 30, 2017 (the “Original 8-K”). to Item 9.01 (a)(4) and (b)(2), the Company was allowed to file the Financial Information by amendment no later than 71 calendar days after the date that the Original 8-K must be filed.
Unless otherwise disclosed herein, the disclosures contained herein have not been updated to reflect events, results or developments that have occurred after the filing of the Original 8-K, or to modify or update those disclosures affected by subsequent events unless otherwise indicated in this Amendment. This Amendment should be read in conjunction with the Original 8-K and the Company’s filings made with the Commission subsequent to the Original 8-K, including any amendments to those filings.
Item 9.01Financial Statements and Exhibits
(a)Financial Statements
Financial statements of Fit Payfor the year ended December 31, 2016, as required by Item 9.01(a) of Form 8-K are included with this filing as Exhibit 99.2.
(b)Pro Forma Financial Information
The pro forma financial information required by Item 9.01(b) of Form 8-K are being included with this filing as Exhibit 99.4 and Exhibit 99.5.
(d) Exhibits
| Exhibit No. | Description |
| 3.1 | Certificate of Designations for Series C Non-Convertible Preferred Stock (1) |
| 10.1 | Form of Agreement and Plan of Merger by and between Nxt-ID, Inc., Fit Merger Sub, Inc., Fit Pay, Inc., Michael Orlando, Giesecke & Devrient Mobile Security America, Inc., the other stockholders of the Fit Pay, Inc., and Michael Orlando in his capacity as stockholder representative representing the other stockholders of Fit Pay, Inc., dated as of May 23, 2017 (1) |
| 99.1 | Press Release of Nxt-ID, Inc., dated May 23, 2017 (1) |
| 99.2 | Audited financial statements of Fit Pay, Inc. for the year ended December 31, 2016. |
| 99.3 | Unaudited financial statements of Fit Pay, Inc. as of and for the three months period ended March 31, 2017 and 2016 |
| 99.4 | Unaudited Pro forma condensed combined statement of operations for the three months ended March 31, 2017. |
| 99.5 | Unaudited Pro forma condensed statement of operations for the year ended December 31, 2016. |
| (1) | Filed as an Exhibit on Current Report to Form 8-K with the SEC on May 30, 2017. |
Nxt-ID, Inc. ExhibitEX-99.2 2 f8k082417a1ex99-2_nxtidinc.htm AUDITED FINANCIAL STATEMENTS OF NXT-ID,…To view the full exhibit click here
About Nxt-ID, Inc. (NASDAQ:NXTD)
Nxt-ID, Inc. is a technology company. The Company is focused on products, solutions and services for security on mobile devices. The Company’s core technologies consist of those that support digital payments, biometric identification, encryption, sensors and miniaturization. It has three lines of business: mobile commerce (m-commerce), primarily through the application of secure digital payment technologies; biometric access control applications, and Department of Defense contracting. It intends to use its core biometric facial and voice recognition algorithms to develop security applications (both cloud based and locally hosted) that can be used for companies, as well as individuals, law enforcement, the defense industry, and the United States Department of Defense. Its offerings include Wocket, a physical electronic smart wallet; the NXT Smartcard, a standalone smartcard; Wi-Mag, an antenna and payment technology, and 3D FaceMatch and 3D SketchArtist facial recognition products.