Form 8-K Healing Co Inc. For: Nov 30
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 1.01 Entry into a Material Definitive Agreement.
On November 30, 2021, The Healing Company Inc. (the "Company" or "we") entered into share purchase agreements and share restriction agreements with investors and issued a second tranche of our Seed Preferred Shares, $0.001 par value per share (the “Seed Preferred Shares”), in the private placement described under Item 3.02 below. The disclosure set forth in Item 3.02 of this Current Report is incorporated by reference into this Item 1.01.
The forms of the share purchase agreements and share restriction agreements were filed as Exhibits 10.1 and 10.2, respectively, to our Current Report on Form 8-K filed on October 15, 2021. The summaries of the terms of these documents contained herein are subject to, and qualified in their entirety by, such documents, which are incorporated herein by reference.
Item 3.02 Unregistered Sales of Equity Securities.
On November 30, 2021, we entered into definitive agreements with non-U.S. persons to issue a second tranche of our Seed Preferred Shares in a private transaction (the “Transaction”). Under the terms of the Transaction, we agreed to sell an aggregate of 4,675,000 Seed Preferred Shares at $2.00 per share for aggregate proceeds of $9,350,000.00. The Seed Preferred Shares sold in the Transaction will be exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”) under Regulation S promulgated under the Securities Act in that offers, sales and issuances under the scope of the Transaction were not made to persons in the United States and no directed selling efforts were made in the United States.
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Item 9.01 Financial Statements and Exhibits.
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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.
THE HEALING COMPANY INC. | |
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/s/ Larson Elmore |
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Larson Elmore | |
President, Director | |
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Date: December 3, 2021 |
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