PEERLOGIX, INC. (OTCMKTS:LOGX) Files An 8-K Other EventsItem 8.01 Other Events.
On July 6, 2018, the Board of Directors of Peerlogix, Inc. (“LOGX”), resolved to offer to the holders of warrants (the “Warrants”) of LOGX (the “Holders”), and approve the execution of, a warrant repricing and exercise agreement (the “Agreement”) with each of the consenting Holders, in a form substantially similar to the form attached hereto as Exhibit 99.1, whereby the exercise price of the Warrants shall be reduced from $0.10 to $0.06 per share of common stock of LOGX (the “Common Stock”). Furthermore, the Board of Directors resolved to offer to the Holders, as outlined in the Agreement, an additional Series B Warrant (the “Series B”) for every four (4) Warrants exercised to the Agreement. The Series B shall have an exercise price of $0.25 per share of the Common Stock.
Item 9.01 Financial Statements and Exhibits.
PeerLogix, Inc. ExhibitEX-99.1 2 peerlogix_8k-ex9901.htm WARRANT REPRICING AND EXERCISE AGREEMENT Exhibit 99.1 WARRANT REPRICING AND EXERCISE AGREEMENT This WARRANT REPRICING AND EXERCISE AGREEMENT (this "Agreement") is made as of _______,…To view the full exhibit click here
About PEERLOGIX, INC. (OTCMKTS:LOGX)
PeerLogix, Inc., formerly Realco International, Inc., is an advertising technology and data aggregation company. The Company is engaged in providing software as a service (SAAS) platform, which enables the tracking and cataloguing of Torrent files and Torrent networks in order to determine consumer trends and preferences based upon media consumption. The Company developed and deployed a mobile and digital advertisement-serving platform utilizing such data to provide targeted placement of digital advertisements. Its patent pending platform collects Torrent data, including Internet protocol (IP) addresses of the uploading and downloading parties, the name, file type, media type, and genre of media downloaded, and utilizes licensed and publicly available demographic and other databases to further filter the collected data to provide insights into consumer preferences to digital advertising firms, product and media companies, entertainment studios and others.