SECURITIES AND EXCHANGE COMMISSION
Pursuant to Section 13 Or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 1, 2019
(Exact name of Registrant as specified in its charter)
Nevada | 000-53548 | 86-0970023 |
(State or other Jurisdiction of Incorporation or organization) | (Commission File Number) | (IRS Employer I.D. No.) |
N/A
(Former name, former address and former fiscal year, if changed since last report)
oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
oSoliciting material pursuant to Rule l 4a- l 2 under the Exchange Act ( 17 CFR 240. l 4a- l 2)
oPre-commencement communications pursuant to Rule l 4d-2(b) under the Exchange Act (17 CFR 240. l 4d-2(b))
oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240. l 3e-4(c))
Item 1.01 Entry into a Material Definitive Agreement
On August 1, 2019, Grow Capital, Inc. (the “Company”), a Nevada corporation, issued and sold 1,215,278 shares (the “Shares”) of the Company’s common stock, par value $0.001 (“Common Stock”), to two individual accredited investors (the “Purchasers”), pursuant to separate securities purchase agreements (the “Purchase Agreements”). At the closing, the Company received aggregate gross proceeds of $200,000. The Purchase Agreements contain customary representations, warranties and covenants of the parties. The proceeds of the offering will be used for the Company’s ongoing operations and execution of its current business plan which is focused on moving the Company away from cannabis related activities and into an acquisition strategy focused on financial technology, or “fintech” and complementary opportunities.