Soupman, Inc. (OTCMKTS:SOUP) Files An 8-K Unregistered Sales of Equity SecuritiesItem 3.02 Unregistered sales of Equity Securities.
On August 26, 2016, Soupman, Inc. (the “Company”) issued 63,754,400 restricted shares of common stock to WealthColony SPV II, L.P upon conversion of 6,375,440 shares of Series B Preferred stock held by it. The shares were issued to Section 3(a)(9) of the Securities Act of 1933, as amended, and no commission or other remuneration was paid or given directly or indirectly for soliciting the issuance.
About Soupman, Inc. (OTCMKTS:SOUP)
Soupman, Inc. is a manufacturer and seller of soups to grocery chains, the New York City Public School System and other outlets and to its franchised restaurants under the brand name The Original Soupman. The Company sells its soups in two venues and packages. In the grocery segment, the Company sells its soups in the Tetra Recart shelf stable cartons that enables its soups to be displayed in the soup aisles of grocery stores along-side Campbell’s and Progresso. In the food service segment, the Company sells its soups in eight pounds frozen boilable pouches to its franchised restaurants, licensed customers and New York City public school system. The Company’s products include vegetarian items, such as Mexicali Beans, Stewed Pinto Beans and Curried Chick Peas with Tomatillos. Its subsidiary The Original Soupman Inc. markets its Original Soupman bulk soups and Kiosk Concepts, Inc., an 80% owned subsidiary, conducts its franchising operations, which collect franchise fees and royalties. Soupman, Inc. (OTCMKTS:SOUP) Recent Trading Information
Soupman, Inc. (OTCMKTS:SOUP) closed its last trading session down -0.0011 at 0.0199 with 21,000 shares trading hands.