PEERLOGIX, INC. (OTCMKTS:LOGX) Files An 8-K Unregistered Sales of Equity Securities
Item 3.02 Unregistered Sales of Equity Securities.
On February 15th, 2017, Peerlogix, Inc. (the Company), completed
a fund raising of an aggregate of $825,500 dollars in connection
with a private placement (the Offering) through a placement agent
of up to a total of 75 units (the Units) of the Companys
securities to Section 4(a)(2) of the Securities Act of 1933, as
amended (the Securities Act) and Rule 506 of Regulation D under
the Securities Act. Each Unit was offered at a price of $10,000
and consists of one six (6) month, 18% convertible promissory
note (36% on an annual basis) with a face value of $10,000 and
warrants to acquire an aggregate number of shares equal to 50% of
the shares of common stock into which the Note related thereto
shall initially be convertible at an exercise price of $0.10 per
share during the four (4) year period commencing on the final
closing of this Offering. WestPark capital acted as the sole
placement agent for the offering. A total of 12,124,999 shares of
the Companys common stock, par value $.001 per share, were issued
in connection with the offering. The Company intends to use the
proceeds from the Offering for working capital and general
corporate purposes. The Company paid its placement agent a
commission of 10% of the funds raised from such investors in the
Offering. In addition, the Placement Agent received warrants to
purchase a number of units equal to 10% of the units sold to
investors in the Offering.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. | Description | |
| 10.1 | Form of Subscription Agreement | |
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. PEERLOGIX, INC. (OTCMKTS:LOGX) Recent Trading Information
PEERLOGIX, INC. (OTCMKTS:LOGX) closed its last trading session up +0.010 at 0.137 with shares trading hands.