U-VEND, INC (OTCMKTS:UVND) Files An 8-K Unregistered Sales of Equity Securities
Item 3.02.
Unregistered Sales of Equity Securities.
On February 10, 2017, the Company issued a convertible note under
the Companys 2016 Securities Purchase Agreement for $50,000 with
an interest rate of 9.5% and two year term. The note is
convertible into one million shares of common stock at $0.05 per
share. In addition, the Company issued one million warrants with
an exercise price of $0.07 per share and five year term in
connection with this debt.
On February 9, 2017, the Company issued a convertible note under
the Companys 2016 Securities Purchase Agreement for $100,000 with
an interest rate of 9.5% and two year term. The note is
convertible into two million shares of common stock at $0.05 per
share. In addition, the Company issued two million warrants with
an exercise price of $0.07 per share and five year term in
connection with this debt.
On February 3, 2017, the Company issued a convertible note under
the Companys 2016 Securities Purchase Agreement for $50,000 with
an interest rate of 9.5% and two year term. The note is
convertible into one million shares of common stock at $0.05 per
share. In addition, the Company issued one million warrants with
an exercise price of $0.07 per share and five year term in
connection with this debt.
The shares of common stock to be issued in the above transactions
have not been registered under the Securities Act of 1933, as
amended (the Securities Act), and were issued and sold in
reliance upon the exemption from registration contained in
Section 4(2) of the Securities Act and Rule 506 of Regulation D
promulgated thereunder.
U-VEND, INC (OTCMKTS:UVND) Recent Trading Information
U-VEND, INC (OTCMKTS:UVND) closed its last trading session 00.0000 at 0.0301 with 20,000 shares trading hands.