Only 5 million shares! nice deal! keeping OS low
On August 22, 2016 iGambit Inc. (the ‘Company”), entered into a Letter of Intent (the “LOI”)
with HubCentrix Inc., a web-based collaboration and digital asset management company with a
special expertise in streamlining the process of capturing and managing information in the
document-intensive medical field.
Pursuant to the LOI, at closing, iGambit Inc. (“iGambit”) will acquire substantially all the assets
of HubCentrix Inc. (“HubCentrix”) and will assume certain specifically identified operating
liabilities of HubCentrix. Payment for the acquisition will be made in the form of five million
(5,000,000) shares of iGambit common stock.
The LOI has certain binding and non-binding obligations and the transaction is subject to various
conditions to closing, including satisfactory completion of due diligence, approval of the
Company’s Board of Directors, approval of the Company’s shareholders, if required, and
definitive documentation. There can be no assurance that the transactions contemplated by the
LOI will be consummated. The LOI and this Current Report on Form 8-K do not constitute an
offer to buy, or solicitation of an offer to sell, any securities of the Company and no offer or sale
of such securities will be made in any jurisdiction where it would be unlawful to do so.
ITEM 7.01 Regulation FD Disclosure
On August 26, 2016, the Company issued a press release announcing the LOI, a copy of which is
attached hereto as Exhibit 99.1.
ITEM 9.01 Financial Statements and Exhibits
(d) Exhibits
The following Exhibits are filed as part of this Report:
99.1 Press Release related to Announcement of Letter of Intent dated August 26, 2016.
