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
April 10, 2015
Date of Report (Date of earliest event reported)
PETVIVO HOLDINGS INC. |
(Exact name of registrant as specified in its charter) |
Nevada |
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333-173569 |
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99-0363559 |
(State or other jurisdiction |
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(Commission |
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(IRS Employer |
12100 Singletree Lane Suite 186 Eden Prairie, Minnesota 55344 |
55344 |
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(Address of principal executive offices) |
(Zip Code) |
(612) 296-7305
Registrant’s telephone number, including area code
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K 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))
SECTION 3. SECURITIES AND TRADING MATTERS
ITEM 3.02 UNREGISTERED SALES OF EQUITY SECURITIES
Settlement of Debt
On April 10, 2015, the Board of Directors of PetVivo Holdings Inc., a Nevada corporation (the "Company") authorized the issuance of an aggregate 70,500 shares of its restricted common stock to two of its executive officers and directors as settlement for amounts due and owing for past services and associated benefits. The issuance of shares is as follows: (i) 43,000 shares of common stock at $4.00 per share to Dr. David B. Masters, the Company's President, Chief Technical Officer and member of the Board of Directors, as settlement for $172,000; and (ii) 27,500 shares of common stock at $4.00 per share to Randall A. Meyer. the Company's Chief Operating Officer and member of the Board of Directors.
The shares of common stock were issued to the two United States residents in reliance on Section 4(2) of the United States Securities Act of 1933, as amended (the “Securities Act”). The shares of common stock have not been registered under the Securities Act or under any state securities laws and may not be offered or sold without registration with the United States Securities and Exchange Commission or an applicable exemption from the registration requirements. Each individual acknowledged that the securities to be issued have not been registered under the Securities Act, that they understood the economic risk of an investment in the securities, and that they had the opportunity to ask questions of and receive answers from the Company’s management concerning any and all matters related to acquisition of the securities.
SECTION 9 - FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial Statements of Business Acquired.
Not applicable.
(b) Pro forma Financial Information.
Unaudited pro forma combined financial statements consisting of balance sheet at December 31, 2014, statements of operations for nine months ended December 31, 2014.
(c) Shell Company Transaction.
Not applicable.
(d) Exhibits.
Not applicable.
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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.
PETVIVO HOLDINGS INC. |
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Date: June 8, 2015 |
By: |
/s/ John Lai |
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John Lai |
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Chief Executive Officer |
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