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): April 24, 2018
12 RETECH CORPORATION
(Exact name of registrant as specified in its charter)
Nevada | 000-55915 | 38-3954047 | ||
(State or other jurisdiction | (Commission | (IRS Employer | ||
of Incorporation) | File Number) | Identification Number) |
701 S. Carson Street Suite 200 Carson City, Nevada |
89701 | |
(Address of principal executive offices) | (Zip Code) , and |
530-539-4329
(Registrants 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)) |
Form 8-K
Current Report
Section 1-REGISTRANTS BUSINESS AND OPERATIONS
ITEM 1.02 TERMINATION OF A MATERIAL DEFINITIVE AGREEMENT
On or about April 24, 2018, management determined, in discussion with EMA Financial, LLC (“EMA”) that EMA was not going to provide the debt-equity financing the Registrant (Company) had anticipated would be funded by EMA after the Company’s execution of various agreements with EMA including an Escrow Agreement. (The Escrow Agreement was to set aside the funds for the Company’s purposes as reported in the subsequent events section of the Company’s Form 10-K for the period ended December 31, 2017.) The Company and EMA have determined the aforementioned agreements are now null and void and have no further effect on either the Company or EMA.
Management will continue to seek funding from other willing and able sources to provide capital for the Company to continue to execute its business plan like the agreement recently executed with Tellson Securities, LLC, a licensed FINRA Broker-Dealer to potentially raise $5 million in equity funding for the Company. (See Subsequent Events in Form 10-K for the period Ended December 31, 2017.) (Nothing herein should be deemed an offer to sell any security nor a solicitation of an offer to purchase any security.)
Section 8-OTHER EVENTS
ITEM 8.01 OTHER INFORMATION
On March 12, 2018 the Registrant entered into a Share Exchange Agreement with Hubert Blanchett to acquire Emotion Apparel, Inc. in a share for share exchange (see Subsequent Events in Registrant Form 10-K for the period ended December 31, 2017.) The Effective date of the closing of that transaction has been amended to be May 1, 2018, which is effectively after Emotion Apparel, Inc, has completed its pending relocation from Los Angeles California to Salt Lake City, Utah, to reduce costs and when Emotion Apparel, Inc will, as anticipated, begin shipping its products to consumers.
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 thereunto duly authorized.
12 Retech Corporation | ||
Dated: April 27, 2018 | /s/ Angelo Ponzetta | |
By: | Angelo Ponzetta | |
Its: | Chief Executive Officer |