new 8k now too. Item 8.01 Other Events.
On December 10, 2012, Umami Sustainable Seafood Inc. (the “Company”) and its subsidiaries exercised their right to realize on the pledge of 8,980,000 shares of the Company’s common stock pursuant to that certain Pledge Agreement, dated as of May 15, 2012, by and among, Aurora Investments efh, an Icelandic corporation (“Aurora”), Atlantis Group hf, an Icelandic corporation (“Atlantis Group”), Baja Aqua Farms S.A. de C.V., a corporation incorporated in Mexico (“Baja”), Atlantis Co. Ltd. (“Atlantis Co.”) and the Company and that certain Pledge Agreement, dated as of May 15, 2012, by and among Aurora, Atlantis Group, Kali Tuna d.o.o., a corporation incorporated in Croatia (“Kali Tuna”), Atlantis Co. and the Company. As a result, 6,000,000 shares of the Company’s common stock were realized from Atlantis Co. and 2,890,000 shares of the Company’s common stock were realized from Aurora, all in connection with the outstanding receivable balance owed to the Company and its subsidiaries by Atlantis Group and Atlantis Co.
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