Trans-Pacific Aerospace Company, Inc. (OTCMKTS:TPAC) Files An 8-K Unregistered Sales of Equity Securities

Trans-Pacific Aerospace Company, Inc. (OTCMKTS:TPAC) Files An 8-K Unregistered Sales of Equity Securities

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Item 3.02 Unregistered Sales of Equity Securities.

On March 8, 2017, we issued 19 shares of our Series C Preferred
Stock to three investors upon conversion of $9,500 in convertible
notes previously issued to them. By their terms, the notes were
to automatically convert into shares of our Series C Preferred
Stock at a price of $500 per share upon the effective date our
reincorporation as a Wyoming corporation, which became effective
on January 27, 2017. We did not receive any proceeds upon the
issuance of these shares. The issuances were exempt in reliance
upon the exemption provided by Rule 3(a)(9) and/or Section
4(a)(2) of the Securities Act.

Section 5 – Corporate Governance and Management

Item 5.03. Amendments to Articles of Incorporation or
Bylaws; Change in Fiscal Year.

The Companys Articles of Incorporation authorizes the Company to
issue 5,000,000 shares of preferred stock, $0.001 par value per
share, issuable from time to time in or more series (Preferred
Stock). On March 6, 2017, the Company filed with the Wyoming
Secretary of State Articles of Amendment to its Articles of
Incorporation to which it established and designated 100,000
shares of Series C Preferred Stock (the Series C Preferred)

The Series C Preferred have a stated value of $500 per share.
Holders of the Series C Preferred will not receive any
preferential dividend or liquidation rights or any conversion
rights. However, on or after the six-month anniversary after the
issuance date for any share of Series C Preferred (an Issuance
Date), each holder of Series C Preferred has the option to redeem
the Series C Preferred at the Redemption Price which is (i) 125%
of the Stated Value for the period beginning on the 6-month
anniversary of the Issuance Date and ending 1-day prior to the
12-month anniversary of the Issuance Date; (ii) 150% of the
Stated Value for the period beginning on the 12-month anniversary
of the Issuance Date and ending 1-day prior to the 18-month
anniversary of the Issuance Date and (iii) 200% of the Stated
Value for the period beginning on the 18-month anniversary of the
Issuance Date and any date thereafter.

The foregoing summary of the terms of the Series C Preferred is
not complete and is qualified in its entirety by reference to the
Articles of Amendment establishing and designating the Series C
Preferred, a copy of which was filed as Exhibit 3.1 to Current
Report on Form 8-K and is incorporated herein by reference.

Section 9 Financial Statements and Exhibits

Item 9.01Financial Statements and Exhibits.

(d)Exhibits.

Exhibit
Number Description
3.1 Articles of Amendment (Series C Preferred Stock)


About Trans-Pacific Aerospace Company, Inc. (OTCMKTS:TPAC)

Trans-Pacific Aerospace Company, Inc. is engaged in the business of designing, manufacturing and selling aerospace component parts for commercial and military aircraft, space vehicles, power plants, and surface and undersea vessels. The Company intends to offer products, such as self-lubricating spherical bearings for commercial aircraft. The Company’s operations are focused on the development of its production facility in Dongguan, China, and the design and engineering of its product line of spherical bearings. The Company holds interests in Godfrey (China) Limited. The Company’s product designs address over 3,000 component parts that are utilized in new and used commercial aircraft and military aircraft, space vehicles, power plants, and surface and undersea vessels. The Company intends to manufacture sale bushings and rod-end bearings. Its facility in China is qualified for the production of SAE-AS81820 and 81934 spherical bearings and bushings.

Trans-Pacific Aerospace Company, Inc. (OTCMKTS:TPAC) Recent Trading Information

Trans-Pacific Aerospace Company, Inc. (OTCMKTS:TPAC) closed its last trading session 00.00000 at 0.00050 with shares trading hands.

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