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EX-10.1 - FORM OF COMMON STOCK SUBSCRIPTION AGREEMENT - Aerkomm Inc.akom_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): February 28, 2017 (February 23, 2017)

 

AERKOMM INC.

(Exact name of registrant as specified in its charter)

 

Nevada

 

333-192093

 

46-3424568

(State or other jurisdiction
of incorporation)

 

(Commission
File Number)

 

(IRS Employer
Identification No.)

 

44043 Fremont Blvd.

Fremont, CA 94538

(Address of principal executive offices)

 

(877) 742-3094

(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:

 

o

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o

Soliciting 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 1.01 Entry into a Material Definitive Agreement.

 

The information contained in Item 3.02 below is incorporated herein by reference.

 

Item 3.02 Unregistered Sale of Equity Securities.

 

On February 23, 2017, Aerkomm Inc. (the “Company”) entered into subscription agreements with a number of investors (the “Investors”) who agreed to purchase an aggregate of 333,333 shares (the “Shares”) of the Company’s common stock, $0.001 par value per share, at a price per share of $3.00 per share, for an aggregate purchase of $1,000,000. The Shares were offered and sold by the Company in a private placement offering (the “Offering”) of up to a maximum of 500,000 shares ($1,500,000) of the Company’s common stock. The Company may accept additional subscriptions in the Offering through March 31, 2017.

 

The subscription agreements between the Company and each of the Investors in the Offering provide that the Company will file with the Securities and Exchange Commission not later than ninety (90) days after the date of the final closing of the Offering a registration statement on an appropriate form covering the resale of the Shares.

 

The sales of the Shares were exempt from the registration requirements of the Securities Act of 1933 by virtue of Section 4(a)(2) thereof and Regulation D promulgated thereunder, as transactions by an issuer not involving a public offering. The purchasers of the securities represented their intention to acquire the securities for investment only and not with a view to or for sale in connection with any distribution thereof, and appropriate restrictive legends are being affixed to the certificates evidencing the Shares issued in the Offering. All purchasers of the securities represented and warranted, among other things, that they were “accredited investors” within the meaning of Rule 501 of Regulation D, that they had the knowledge and experience in financial and business matters necessary to evaluate the merits and risks of an investment in the Company, that they had the ability to bear the economic risks of the investment, and that they had adequate access to information about the Company.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits

 

The following exhibits are filed herewith:

 

Exhibit No.

 

Description of Exhibit

 

 

 

10.1

Form of Common Stock Subscription Agreement.

  

 
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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.

 

 

AERKOMM INC.

 

 

 

Date: February 28, 2017

By:

/s/ Peter Chiou

 

 

Name:

Peter Chiou

 

 

Title:

Chief Executive Officer

 

  

 

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