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): September 27, 2017

 

FREEZE TAG, INC.

(Exact name of registrant as specified in its charter)

 

Delaware

 

000-54267

 

20-4532392

(State or other

jurisdiction of incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

 

18062 Irvine Blvd, Suite 103

Tustin, California 92780

(Address of principal executive offices) (zip code)

 

(714) 210-3850

(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))

 

 
 
 
 

Item 3.02. Unregistered Sales of Equity Securities.

 

On September 22, 2017, we received a notice from a non-affiliate holder of one of our outstanding convertible promissory notes to issue 56,500,000 shares of our common stock pursuant to the holder notifying us of their election to convert $11,300 of principal due under the promissory note into the shares. The transfer agent allocated the shares for issuance on September 25, 2017, and the shares were delivered on September 27, 2017. Due to the length of time since the holder lent us the funds and that the holder has held the note, the shares were issued without a standard Rule 144 restrictive legend. Based on the representations of the investor in the Convertible Promissory Note and the Notice of Conversion, the issuance of the shares was exempt from registration pursuant to Section 4(a)(2) of the Securities Act of 1933. The investor was accredited and sophisticated, familiar with our operations, and there was no solicitation.

 

 

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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.

 

  Freeze Tag, Inc.,

 

a Delaware corporation

 

       
Date: October 3, 2017 By: /s/ Craig Holland

 

 

Craig Holland, President and

 
    Chief Executive Officer  
   

(Principal Executive Officer)

 

 

 

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