ONLINE DISRUPTIVE TECHNOLOGIES, INC. (OTCBB:ONDR) Files An 8-K Entry into a Material Definitive AgreementItem 1.01 Entry into a Material Definitive Agreement.
ONLINE DISRUPTIVE TECHNOLOGIES, INC. (OTCBB:ONDR) Files An 8-K Entry into a Material Definitive Agreement
The information required by this item is included under Item 3.02 of this current report on Form 8-K.
Item 3.02 Unregistered Sales of Equity Securities.
On October 30, 2012, we announced the entry into a conversion and participation rights agreement with investors who have purchased ordinary shares of our subsidiary, Savicell Diagnostic Ltd. (as detailed in our current report on Form 8-K filed with the SEC on November 1, 2012). to the agreement, we have permitted the investors to convert their shares held in Savicell into shares of our company at 80% of the per share pricing of the first completed financing of over US$500,000 conducted after July 1, 2012.
We have received a conversion notice from one investor, and on April 3, 2017 have issued an aggregate of 288,830 shares of common stock at the conversion price at $0.16 per share of our common stock.
On April 3, 2017, we sold 1,693,750 units at a price of US$0.20 per share for gross proceeds of US$338,750. Each unit consists of one share of common stock and one non-transferable common stock share purchase warrant. Each warrant entitles the holder to acquire one additional share of common stock at a price of $0.20 per share until April 3, 2019.
We issued securities to fourteen non-U.S. persons (as that term is defined in Regulation S of the Securities Act of 1933, as amended) in an offshore transaction in which we relied on the registration exemption provided for in Regulation S and/or Section 4(2) of the Securities Act of 1933, as amended.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
10.1 Form of conversion and participation rights agreement (attached as an exhibit to our current report on Form 8-K filed with the SEC on November 1, 2012 and incorporated by reference)
10.2 Form of private placement subscription agreement.
ONLINE DISRUPTIVE TECHNOLOGIES, INC. (OTCBB:ONDR) Recent Trading Information
ONLINE DISRUPTIVE TECHNOLOGIES, INC. (OTCBB:ONDR) closed its last trading session at 0.0000 with shares trading hands.
ONLINE DISRUPTIVE TECHNOLOGIES, INC. (OTCBB:ONDR) closed its last trading session at 0.0000 with shares trading hands.