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EX-10.1 - EXHIBIT 10.1 - Solaris Power Cells, Inc.ex10-1.htm
EX-10.2 - EXHIBIT 10.2 - Solaris Power Cells, Inc.ex10-2.htm

 

 

 

UNITED STATES
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) May 20, 2014

 

SOLARIS POWER CELLS, INC.

(Exact name of registrant as specified in its charter)

 

Nevada   000-53982   46-3386352
(State or other jurisdiction   (Commission   (IRS Employer
of incorporation)   File Number)   Identification No.)

 

3111 E. Taqhuitz Way, Palm Springs, California, 92262

(Address of principal executive offices and Zip Code)

 

Registrant’s telephone number, including area code 760-600-5272

 

_______________________________________ 

(Former name or former address, if changed since last report)

  

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:

 

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

 
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Item 1.01 Entry into a Material Definitive Agreement.

 

The information required by this item is included under Item 3.02 of this Current Report on Form 8 K.

 

Item 3.02 Unregistered Sales of Equity Securities.

 

On May 20, 2014, we sold an aggregate of 1,333,333 units of our company at a price of US$0.30 per unit for gross proceeds of US$400,000. Each unit is comprised of one share of our common stock and one share purchase warrant, which will entitle the person to purchase an additional share at an exercise price of $0.40 for a period of three years. We issued the securities to eight non-US person (as that term is defined in Regulation S of the Securities Act of 1933, as amended) in an offshore transaction in which we relied on the exemptions from the registration requirements provided for in Regulation S and/or Section 4(2) of the Securities Act of 1933, as amended.

 

Item 9.01 Financial Statements and Exhibits.

 

10.1 Form of subscription agreement
   
10.2 Form of warrant certificate

 

 
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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

SOLARIS POWER CELLS, INC.  
   
By: /s/ Vincent A. Palmieri  
  Vincent A. Palmieri  
  Chief Executive Officer and Treasurer  
   
May 20, 2014