SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 24, 2012
SAVWATT USA, INC.
(Exact name of registrant as specified in its charter)
| Delaware | 000-52402 | 27-2478133 | ||
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer IdentificationNumber) |
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1100 Wicomico Street, Suite 700, Baltimore, Maryland
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21224 | |
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(Address of Principal Executive Offices)
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(Zip Code) |
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6801 Eastern Avenue, Suite 203, Baltimore, Maryland
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21224 | |
| (Former Address of Principal Executive Offices) | (Zip Code) |
Registrant's telephone number, including area code: (443) 449-2877
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2., below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.133-4(c))
ITEM 3.02. UNREGISTERED SALES OF EQUITY SECURITIES.
Since January 23, 2012, the Company has issued the following securities without registration under the Securities Act of 1933:
Common Stock Issued:
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Date of Issuance
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Shares
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Consideration
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Reason for Issuance
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||||||||||
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January 24, 2012
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155,000,000 | $ | 20,000.00 |
Debt Conversion
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1 | ||||||||
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January 26, 2012
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188,727,300 | $ | 25,950.00 |
Debt Conversion
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January 27, 2012
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50,000,000 | $ | 5,000.00 |
Debt Conversion
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2 | ||||||||
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January 30, 2012
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100,000,000 | $ | 6,000.00 |
Debt Conversion
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3 | ||||||||
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February 6, 2012
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142,857,200 | $ | 10,000.00 |
Debt Conversion
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4 | ||||||||
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February 8, 2012
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63,227,000 | $ | 6,322.70 |
Debt Conversion
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2 | ||||||||
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February 10, 2012
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100,000,000 | $ | 6,000.00 |
Debt Conversion
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3 | ||||||||
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February 14, 2012
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150,000,000 | $ | 7,500.00 |
Debt Conversion
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|||||||||
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February 14, 2012
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150,000,000 | $ | 7,500.00 |
Debt Conversion
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|||||||||
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February 16, 2012
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160,000,000 | $ | 16,000.00 |
Debt Conversion
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|||||||||
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February 22, 2012
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236,000,000 | $ | 15,000.00 |
Debt Conversion
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1 | ||||||||
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February 22, 2012
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185,714,300 | $ | 13,000.00 |
Debt Conversion
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4 | ||||||||
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February 23, 2012
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120,000,000 | $ | 7,200.00 |
Debt Conversion
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3 | ||||||||
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February 23, 2012
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10,000,000 | $ | 1,000.00 |
Debt Conversion
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|||||||||
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February 23, 2012
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500,000 | $ | 100.00 |
Stock Compensation
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|||||||||
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February 28, 2012
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250,000,000 | $ | 17,500.00 |
Debt Conversion
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______________
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(1)
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Represents same entity.
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(2)
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Represents same entity.
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(3)
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Represents same entity
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(4)
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Represents same entity
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No broker or underwriter was involved in any of the above transactions. Management believes the above shares of Common Stock were issued pursuant to the exemption from registration under Section 4(2) of the Securities Act of 1933, as amended.
Issuance of Registered Shares
In addition to the above issuances of unregistered equity securities, the Company has cancelled the following shares which were originally issued pursuant to a form S-8 Registration Statement filed with the Commission on December 13, 2011:
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Date of Issuance
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Shares
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Consideration
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Reason for Issuance
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||||||
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January 23, 2012
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(25,000,000 | ) | $ | (17,500.00 | ) |
Cancellation of previously issued stock
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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SAVWATT USA, INC.
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DATED: March 6, 2012
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By:
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/s/ Isaac H Sutton
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Isaac H. Sutton
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Chief Executive Officer
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