Attached files
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EX-10.2 - CONVERTIBLE PROMISSORY NOTE - PREMIER BIOMEDICAL INC | biei_ex102.htm |
EX-10.3 - REGISTRATION RIGHTS AGREEMENT - PREMIER BIOMEDICAL INC | biei_ex103.htm |
EX-10.1 - SECURITIES PURCHASE AGREEMENT - PREMIER BIOMEDICAL INC | biei_ex101.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): December 28, 2015
PREMIER BIOMEDICAL, INC. |
(Exact name of registrant as specified in its charter) |
Nevada | 000-54563 | 27-2635666 | ||
(State or other jurisdiction of incorporation) |
| (Commission File Number) |
| (I.R.S. Employer Identification No.) |
P.O. Box 31374 El Paso, Texas 79930
(Address of principal executive offices) (zip code)
(814) 786-8849
(Registrant's telephone number, including area code)
________________________________________________
(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))
Section 3 – Securities and Trading Markets.
Item 3.02 Unregistered Sales of Equity Securities.
Redwood Management, LLC
On December 28, 2015, we entered into a Securities Purchase Agreement with Redwood Management, LLC ("Redwood"), pursuant to which we agreed to sell, and Redwood agreed to purchase, One Million Six Hundred Thousand Dollars ($1,600,000) in 10% Convertible Promissory Notes. The Notes have an original issue discount of five percent (5%). The first note was issued in the face amount of One Hundred Fifty Seven Thousand Five Hundred Dollars ($157,500), with subsequent Notes to be issued in connection with fundings throughout 2016. Each note will have a maturity date of nine months after its issuance, and thus the first Note has a maturity date of September 28, 2016. Each note will be convertible after ninety (90) days into our common stock at a conversion price equal to 60% of the lowest traded price of the Common Stock in the fifteen (15) Trading Days prior to the Conversion Date. The shares of common stock issuable upon conversion of the notes will be restricted securities as defined in Rule 144 promulgated under the Securities Act of 1933. The notes can be prepaid by us at any time upon ten (10) days written notice to Redwood for a cash amount equal to the sum of the then outstanding principal amount of the note and interest multiplied by 130%. Pursuant to a Registration Rights Agreement, we agreed to register the shares underlying conversion of the notes. The purchase and sale of the initial Note closed on December 28, 2015, the date that the purchase price was delivered to us.
The issuance of the Note was exempt from registration pursuant to Rule 506 of Regulation D promulgated under the Securities Act of 1933. The purchaser was an accredited and sophisticated investor, familiar with our operations, and there was no solicitation.
Section 9 – Financial Statements and Exhibits.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
10.1 |
| Securities Purchase Agreement dated December 28, 2015 with Redwood Management, LLC |
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10.2 |
| Convertible Promissory Note dated December 28, 2015 with Redwood Management, LLC |
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10.3 |
| Registration Rights Agreement dated December 28, 2015 with Redwood Management, LLC |
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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.
Premier Biomedical, Inc. |
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Dated: December 30, 2015 | By: | /s/ William Hartman |
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Name | William Hartman |
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Its: | President and Chief Executive Officer |
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