Wednesday, June 06, 2018 1:06:27 PM
On April 9, 2018, we entered into an Equity Purchase Agreement with Triton Funds, LLC (“Triton”). Under this Agreement, we may require Triton to purchase up to 60,000,000 shares of our common stock at a fixed price of $0.01 per share. Under a related Registration Rights Agreement, we are required to file a Registration Statement on Form S-1 for the shares within 30 days of the date of the Agreement. Triton’s purchase of the shares under the agreement is subject to the effectiveness of the Registration Statement as well as other customary closing conditions.
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