One Horizon Group, Inc. (NASDAQ:OHGI) Files An 8-K Entry into a Material Definitive AgreementItem 1.01
| Item 3.02 | Unregistered Sales of Equity Securities |
On September 21, 2018, we accepted a Subscription Agreement from, and issued and sold to, Bespoke Growth Partners, Inc., 4,500,000 shares of our common stock for a purchase price of $360,000. We have agreed to file a registration statement for the resale of these shares. As previously reported in our registration statement on Form S-3 (Registration No. 333-227247) declared effective on September 14, 2018, on September 29, 2018, we issued and sold an aggregate of 2,500,000 shares of our common stock to two accredited investors for an aggregate purchase price of $187,500.
The issuance of the foregoing shares were exempt from the registration requirements of the Securities Act to Section 4(a)(2) of the Securities Act. The certificates representing the foregoing shares were endorsed with the customary Securities Act restrictive legend.
| Item 9.01 | Financial Statements and Exhibits. |
One Horizon Group, Inc. ExhibitEX-10.3 2 s112821_ex10-3.htm EXHIBIT 10.3 Exhibit 10.3 SUBSCRIPTION AGREEMENT This Subscription Agreement (this “Agreement”) is dated as of September 19,…To view the full exhibit click here
About One Horizon Group, Inc. (NASDAQ:OHGI)
One Horizon Group, Inc. is engaged in the development and licensing of software for mobile voice over Internet protocol (VoIP). The Company’s operations include the licensing of software to telecommunications operators and the development of software application platforms that optimize mobile voice, instant messaging and advertising communications over the Internet. It has two business segments, one for business to business line and one for business to consumer line. It designs, develops and sells white label SmartPacket software and services to telecommunications operators. Its licensees deliver an operator-branded mobile Internet communication solution to smartphones, including VoIP, multi-media messaging, video and mobile advertising. It sells its software, branding, hosting and operator services to telecommunications operators, enterprises, operators in fixed line telephony, cable television operators and to the satellite communications sector, and the VoIP as a Service business.