OriginClear, Inc. (OTCMKTS:OCLN) Files An 8-K Unregistered Sales of Equity Securities

OriginClear, Inc. (OTCMKTS:OCLN) Files An 8-K Unregistered Sales of Equity Securities
Item 3.02 Unregistered Sales of Equity Securities

Conversion of Notes

As previously reported, the Company entered into agreements by and between the Company and various investors by which investors hold convertible promissory notes convertible into shares of the Company’s common stock. Between October 17, 2019 and October 29, 2019, holders of convertible promissory notes converted an aggregate principal, interest and make good amount of $18,491 into an aggregate of 264,862 shares, adjusted for reverse split, of the Company’s common stock.

The securities above were offered and sold to an exemption from the registration requirements under Section 4(a)(2) of the Securities Act since, among other things, the transactions did not involve a public offering.

Item 8.01 Other Events

Effective October 25, 2019, OriginClear, Inc. filed a certificate of amendment to its articles of incorporation, with the State of Nevada effectuating a reverse split of the Company’s common stock at a ratio of 1 for 2,000.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

3.1 Certificate of Amendment to Articles of Incorporation

 


ORIGINCLEAR, INC. Exhibit
EX-3.1 2 f8k102519ex3-1_originclear.htm CERTIFICATE OF AMENDMENT TO ARTICLES OF INCORPORATION Exhibit 3.1   CERTIFICATE OF AMENDMENT   TO   THE ARTICLES OF INCORPORATION,…
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About OriginClear, Inc. (OTCMKTS:OCLN)

OriginClear, Inc. (OriginClear), formerly OriginOil, Inc., is a provider of water treatment solutions and the developer of a water cleanup technology. The Company, through its subsidiaries, provides systems and services to treat water in a range of industries, such as municipal, pharmaceutical, semiconductors, industrial, and oil and gas. The Company has developed the Electro Water Separation water cleanup technology using multi-stage electrochemistry, which it licenses across the world to water treatment equipment manufacturers. Its subsidiary, Progressive Water Treatment, Inc. (PWT), is a designer, builder and service provider for a range of industrial water treatment applications. PWT is engaged in designing and manufacturing a line of water treatment systems for municipal, industrial and pure water applications. The Company also offers a range of services, including maintenance contracts, retrofits and replacement assistance.

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