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EX-10.2 - WARRANT - NextPlay Technologies Inc.ex10-2.htm
EX-10.1 - SUBSCRIPTION AGREEMENT - NextPlay Technologies Inc.ex10-1.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): March 1, 2017

 

Monaker Group, Inc.

(Exact name of Registrant as specified in its charter)

 

Nevada
(State or other jurisdiction of incorporation)

  

000-52669 26-3509845
(Commission File Number) (I.R.S. Employer Identification No.)

  

2690 Weston Road, Suite 200

Weston, Florida 33331

(Address of principal executive offices zip code)

 

(954) 888-9779

(Registrant’s telephone number, including area code)

______________________

 

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 1.01 Entry into a Material Definitive Agreement.

 

From February 6, 2017 to March 10, 2017, Monaker Group, Inc. (the “Company”, “we” and “us”) raised $1,550,000 from the sale of 775,000 units, each consisting of one share of common stock and one warrant to purchase one share of common stock (the “Units”), to fourteen accredited investors in a private offering, at $2 per Unit. Investors in the offering included an entity owned by Don Monaco, the Company’s director (100,000 Units for $200,000), and Robert J. Post, the Company’s director (50,000 Units for $100,000). The warrants have an exercise price of $2.00 per share and a term of three years, and include no cashless exercise rights.

 

 Item 3.02 Unregistered Sales of Equity Securities.     

 

We claim an exemption from registration for the issuances and sales of the Units described above in Item 1.01 (which descriptions are incorporated in this Item 3.02 by reference) pursuant to Section 4(a)(2) and/or Rule 506 of Regulation D of the Securities Act of 1933, as amended (the “Securities Act”), since the foregoing issuances did not involve a public offering, the recipients were “accredited investors”, the recipients acquired the securities for investment only and not with a view towards, or for resale in connection with, the public sale or distribution thereof. The securities were offered without any general solicitation by us or our representatives. No underwriters or agents were involved in the foregoing issuances and we paid no underwriting discounts or commissions. The securities sold are subject to transfer restrictions, and the certificates evidencing the securities contain an appropriate legend stating that such securities have not been registered under the Securities Act and may not be offered or sold absent registration or pursuant to an exemption therefrom. The securities were not registered under the Securities Act and such securities may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act and any applicable state securities laws.

 

Item 9.01. Financial Statements and Exhibits.

 

Exhibit No.   Description
     
10.1*   Form of Subscription Agreement for Units (February and March 2017)
10.2*   Form of Warrant (February and March 2017 Subscriptions)

 

* Filed herewith.

 

 

 

 

  

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.

 

  MONAKER GROUP, INC.
     
Date: March 10, 2017 By: /s/ William Kerby
    Name: William Kerby
    Title:  Chief Executive Officer

 

 
 

 

 
 

 

 

EXHIBIT INDEX

 

Exhibit No.   Description
     
10.1*   Form of Subscription Agreement for Units (February and March 2017)
10.2*   Form of Warrant (February and March 2017 Subscriptions)

 

* Filed herewith.