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): November 7, 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 Sha'arey Nikanor Street, Tel-Aviv, Israel | 68032 |
(Address of Principal Executive Offices) | (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 in reliance upon the exemptions provided in Section 4(2) of the Securities Act of 1933, as amended (the "Act") and Regulation D or Regulation S promulgated by the Securities and Exchange under the Act. Each of the issuees is an officer of and/or a consultant to the Registrant or the Registrant's wholly-owned Israeli subsidiary.
Name of Issuee | Date of Issuance | Bases for Issuance | Cash Consideration | Shares Issued |
Dr. Alan Shackelford (1) | 11/07/2014 | Subscription Agreement | $0.05 per share | 5,134,375 |
Ziv Turner | 11/07/2014 | Subscription Agreement | $0.05 per share | 2,104,480 |
Uri Glazer | 11/07/2014 | Subscription Agreement | $0.05 per share | 2,114,480 |
Alon Sinai | 11/07/2014 | Subscription Agreement | $0.05 per share | 861,250 |
Shmuel De-Saban | 11/07/2014 | Subscription Agreement | $0.05 per share | 132,500 |
Total Unregistered Shares Issued | 10,347,085 |
(1) Dr. Shackelford is a U.S. resident and this issuance was made in reliance upon Section 4(2) and Regulation D. The remaining issuees are Israeli residents and these issuances were made in reliance upon Section 4(2) and Regulation S.
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: | Chief Executive Officer |
Date: November 17, 2014