UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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 7, 2016
LEO MOTORS, INC.
(Exact name of registrant as specified in its charter)
(Exact name of registrant as specified in its charter)
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Nevada
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000-53525
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95-3909667
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(State or Other Jurisdiction
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(Commission File Number)
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(IRS Employer Identification No.)
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of Incorporation)
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3F Bokwang Bldg., Seowunro Gil 14, Seocho-Gu, Seoul
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06734
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Republic of Korea
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(Address of Principal Executive Offices)
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(Zip Code)
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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))
Item 8.01 Other Events
On September 5, 2016, LGM Co. Ltd. ("LGM"), a subsidiary of Leo Motors, Inc. (the "Company"), entered into securities purchase agreements with accredited investors, pursuant to which LGM increased its capital to 5,233,732,500 Korean Won (KRW) (approximately $4,736,400 U.S. Dollars) through the sale of equity securities. As a result of the sale, the Company's equity ownership percentage in LGM decreased from 99.3% to 81.8%.
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.
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LEO MOTORS, INC.
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Dated: September 7, 2016
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By: /s/Shi Chul Kang
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Shi Chul Kang
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| By: /s/ Jun Heng Park | |
| Jun Heng Park | |
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Co-Chief Executive Officer
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