DCAC Daniels Corporate Advisory
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 11, 2020
DANIELS CORPORATE ADVISORY COMPANY, INC.
(Exact Name of Registrant as Specified in Charter)
|(State of Other Jurisdiction||(Commission||(IRS Employer|
|of Incorporation)||File Number)||Identification No.)|
Parker Towers, 104-60
Forest Hills, New York
|(Address of Principal Executive Offices)||(Zip Code)|
Registrant’s telephone number, including area code: (347) 242-3148
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-k filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
|[ ]||Written communications pursuant to Rule 425 under the Securities Act|
|[ ]||Soliciting material pursuant to Rule 14a-12 under the Exchange Act|
|[ ]||Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act|
|[ ]||Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act|
Securities registered pursuant to Section 12(b) of the Act:
|Title of each class||Trading Symbol(s)|
Name of each exchange on which registered
Item 3.02 Unregistered Sale of Equity Securities
On November 11, 2020, Daniels Corporate Advisory Company, Inc., a Nevada Corporation (the “Company”) agreed to issue 115,000,000 shares of unregistered restricted common stock, par value $0.001, for a total value of $115,000, to its executive officers and advisors of the Company and its wholly owned subsidiary Payless Truckers, Inc., in order to compensate them for work previously provided to the Company as well as to incentivize them to continue their efforts for the Company going forward.
The issuance of the shares set forth herein was made in reliance on the exemption provided by Section 4(a)(2) of the Securities Act for the offer and sale of securities not involving any public offering. The Company’s reliance upon Section 4(a)(2) of the Securities Act in issuing the shares was based upon the following factors: (a) the issuance of the shares were in isolated private transactions by us which did not involve a public offering; (b) the number of investors; (c) there were no subsequent or contemporaneous public offerings of the shares by the Company; (d) the shares were not broken down into smaller denominations; (e) the negotiations for the issuance of the shares took place directly between the individual investors and the Company; and (f) the number of non-accredited investors.
Item 5.02 – Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
The information set forth in Item 3.02 is incorporated by reference into this Item 5.02.
|DANIELS CORPORATE ADVISORY COMPANY, INC.|
|Date: December 23, 2020||By:||/s/ Nicholas Viola|
Chief Executive Officer