THE GUITAMMER COMPANY (OTCMKTS:GTMM) Files An 8-K Unregistered Sales of Equity Securities
Item 3.02. Unregistered Sales of Equity Securities.
On December 23, 2016, the Company sold in a private offering to
two accredited investors and that are existing shareholders a
total of 10,000 shares of its Series A Preferred Stock for $10
per share.
The Company claims an exemption from registration afforded by
Section 4(2) of the Securities Act of 1933, as amended and
Regulation Dthere underfor the above sale and issue of shares of
its Series A Preferred Stocksold to two accredited investors that
are existing shareholders of the Company. Each of such issuances
did not involve a public offering, the recipients took the shares
for investment and not resale and the Company took appropriate
measures to restrict transfer of such shares.
Item 5.03. Amendments to Articles of Incorporation or
Bylaws; Change in Fiscal Year.
On March 25, 2015, the Company filed with the Nevada Secretary of
State an Amendment to its Articles of Incorporation that creates
a new class of capital stock, i.e. Preferred Stock. The Amendment
became effective on the date of its filing. A copy of the
Amendment is filed herewith as Exhibit 3.4A and is incorporated
herein.
Also, on May 6, 2015, the Company filed with the Nevada Secretary
of State a Certificate of Designation that creates Series A of
the Preferred Stock, 500,000 shares, and sets forth the
designations, preferences, limitations and relative rights of the
Series A Preferred Stock.The Certificate of Designation became
effective on the date of its filing. A copy of the Certificate of
Designation is filed herewith as Exhibit 3.4B and is incorporated
herein.
Item 9.01. Financial Statements and Exhibits.
|
Exhibit 3.4A |
Amendment to Articles of Incorporation, filed March 25, |
|
Exhibit 3.4B |
Certificate of Designation, filed May 6, 2015 |
About THE GUITAMMER COMPANY (OTCMKTS:GTMM)
The Guitammer Company is involved in the design and distribution of a low frequency audio transducer. The Company’s product is sold under the brand name, ButtKickerO (ButtKicker). ButtKicker brand products are used across the world by cinemas, home theater and video game enthusiast, by musicians and for commercial applications, including simulators and industrial applications. As of December 31, 2015, the Company sells three categories of hardware products: ButtKicker brand low frequency audio transducers, audio amplifiers and accessories, with various sizes and configurations based upon the market and use. Its products include six various types of ButtKicker brand transducers, which provide the vibration or low frequency audio (bass) effects, various models of amplifiers, two wireless options and the accessories necessary to enable the use of its products. The Company’s products include Wireless ButtKicker Kit, ButtKicker LFE Kit and ButtKicker Gamer. THE GUITAMMER COMPANY (OTCMKTS:GTMM) Recent Trading Information
THE GUITAMMER COMPANY (OTCMKTS:GTMM) closed its last trading session up +0.0200 at 0.0700 with shares trading hands.
