Rito Group Corp. (OTCMKTS:RTTO) Files An 8-K Unregistered Sales of Equity Securities
Item 3.02. Unregistered Sales of Equity Securities.
On March 21, 2017, Rito Group Corp. (the Company) completed the
issuance and sale of an aggregate of 10,000 shares at a price of
$1.50 per share with each share consisting of one share of the
Companys common stock, par value $0.0001 per share (the Common
Stock) in a private placement to Suen Ming Mi (the investor), to
the Subscription Agreements dated as of March 21, 2017 between
the Company and the investor. The net proceeds to the Company
amounted to $15,000. The $15,000 in proceeds went directly to the
Company as working capital.
The shares sold in the private placement were issued in reliance
on an exemption from registration under Section 4(a)(2) and/or
Regulation S of the Securities Act of 1933, as amended
(Regulation S). The bases for the availability of this exemption
include the facts that the sales of the stock were made to
non-U.S. persons (as defined under Rule 902 section (k)(2)(i) of
Regulation S), to offshore transactions, and no directed selling
efforts were made in the United States by the issuer, a
distributor, any of their respective affiliates, or any person
acting on behalf of any of the foregoing.
| Item 9.01 | Financial Statements And Exhibits |
| (a) |
Financial Statements of Business Acquired. |
Not applicable
| (b) | Pro Forma Financial Information. |
Not applicable
| (d) | Exhibits. |
| Exhibit No. | Description | ||
| 10.1 | Form of Subscription Agreement dated as of March 21, 2017 |
About Rito Group Corp. (OTCMKTS:RTTO)
Rito Group Corp is an online retailer. The company was founded in March 2015 and is located in Hong Kong.
