(Exact name of small business issuer as specified in its charter)
(State or other jurisdiction of incorporation or organization)
(IRS Employer Identification No.)
(Address of principal executive offices)
(Registrant's Telephone number)
(Former Name or Former Address, if Changed Since Last Report)
On September 15, 2011, Bazi International, Inc. (the "Company") completed the sale of 750,000 units (individually, a "Unit" and collectively, the "Units"), respectively, in a private placement transaction resulting in aggregate gross proceeds of $75,000 (the "Unit Offering"). Each Unit sold in connection with the Unit Offering was sold at $0.10 per Unit. Each Unit consists of one share of common stock and one warrant to purchase a share of common stock at an exercise price of $0.25 per share for three years. The Units were offered solely to accredited individual and institutional investors. No commissions or other fees were paid in connection with the sale of the Units.
The Units have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States absent the registration or an applicable exemption from the registration requirements of the Securities Act. The Unit Offerings are exempt from the registration requirements of the Securities Act, pursuant to Regulation D and/or Section 4(2).
Bazi International, Inc. |
By: | /s/ John D. Pougnet |
Name: John D. Pougnet | |
Title: Chief Financial Officer |