UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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) | October 1, 2014 |
NUSTATE ENERGY HOLDINGS, INC.
(Exact name of registrant as specified in its chapter)
Nevada |
000-25753 |
87-04496677 | ||
| (State
or other jurisdiction Of incorporation) |
(Commission File Number) |
(IRS
Employer Identification No.) |
| 1201 Main Street, Suite 1980, Columbia, South Carolina | 29201 | ||
| (Address of principal executive offices) | (Zip Code) | ||
| Registrant’s telephone number, including area code | (803) 748-1309 | ||
| Former name or former address, if changed since last report | Not Applicable |
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:
o Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Solicitation material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
| Item 8.01 | Other Events |
NuState Energy Holdings, Inc. Restructures the C.K. Williams, Jr. Agreement Due to the Increase in Valuation of NSEH and the Share Price
On October 1, 2014 NuState Energy Holdings, Inc. ("NSEH") Board agreed to restructure the C.K. Williams, Jr. agreement as a result of the increase in valuation of NSEH and the share price. NSEH entered into an agreement in August with C.K. Williams, Jr. (the "Company") wherein NSEH offered the Company an irrevocable option to purchase majority interest in NSEH. The exercisable price of the option was $1,000,000 for 2 billion shares and a majority interest in NSEH. The transaction will be renegotiated and mutually agreed upon on October 6, 2014. The remaining shares will be left in the treasury for our investors and not for dilution purposes. As a result of this new agreement there will not be a change of control until it is completed.
| 2 |
SIGNATURE
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.
| NuState Energy Holdings, Inc. | |
| Dated: October 1, 2014 | By: /s/ Kevin Yates |
| Kevin Yates | |
| Chairman of the Board | |
| (principal executive and principal financial officer) |
| 3 |