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): September 24, 2014
DYNAMIC
APPLICATIONS CORP.
(Exact Name of
Registrant as Specified in its Charter)
Commission File No.: 0-54856
| Delaware | 98-0573566 |
| (State of Incorporation) | (I.R.S. Employer Identification No.) |
| 14 Menachem Begin Street, Ramat Gan, Israel | 52700 |
| (Address of Registrant's Office) | (ZIP Code) |
Registrant's Telephone Number, including area code: 972-3-752-3922
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):
¨ 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))
Item 3.02 Unregistered Sales of Equity Securities.
On the dates set forth in the table below, Dynamic Applications Corp. (the "Registrant") issued and/or sold restricted shares of its common stock to named individuals and entities in reliance upon the exemptions provided in Section 4(2) of the Securities Act of 1933, as amended (the "Act") and Regulation D and Regulation S promulgated by the United States Securities and Exchange Commission (the "SEC") under the Act.
| Name of Issuee | Date of Issuance | Bases for Issuance | Cash Consideration Per Share | Shares Issued |
| Invita Pharmaceuticals LLC (1) | 8/17/2014 | Subscription Agreement | $0.09 per share | 1,322,222 |
| Alan L. Talesnick | 7/12//14 | Subscription Agreement | $0.15 per share | 166,666 |
| Gil Cohen | 7/12/2014 | Subscription Agreement | $0.15 per share | 500,000 |
| H. Leigh Severance Inc. Pension Plan and Trust (2) | 7/8/2014 | Subscription Agreement | $0.15 per share | 834,000 |
| H. Leigh Severance Inc. (3) | 7/8/2014 | Subscription Agreement | $0.15 per share | 834,000 |
| NE Solutions Ltd (4) | 8/18/2014 | Subscription Agreement | $0.15 per share | 1,360,000 |
| Prop Trade Ltd (5) | 9/23/2014 | Subscription Agreement | $0.09 per share | 1,111,111 |
| Short Trade Ltd (6) | 9/23/2014 | Subscription Agreement | $0.09 per share | 1,111,111 |
| Total: 7,239,110 |
(1) Invita Pharmaceuticals LLC is controlled by Richard S. Greenberg, a resident
of the State of Colorado.
(2) H. Leigh Severance Inc. Pension Plan and
Trust is controlled by H. Leigh Severance, a resident of the State of
Colorado.
(3) H. Leigh Severance Inc. is controlled by H. Leigh
Severance, a resident of the State of Colorado.
(4) NE Solutions Ltd is
controlled by Lee Yit Tong, a resident of Singapore.
(5) Prop Trade is
controlled by Charlote Eilin Tay, a resident of Singapore
(6) Short Trade
Ltd is controlled by Shlomo Noyman, a resident of Israel.
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| DYNAMIC APPLICATIONS CORP. | ||
| By: | /s/ Mordechai Bignitz | |
| Name: | Mordechai Bignitz | |
| Title: | CEO |
Date: September 24, 2014