Current Report Filing (8-k)

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

PURSUANT TO SECTION 13 0R 15 (D) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): October 31, 2019

 

Bravatek Solutions, Inc.

(Exact name of registrant as specified in its charter)

 

Colorado

(State or Other Jurisdiction of Incorporation)

 

000-1449574		32-0201472
(Commission File Number)		(IRS Employer Identification No.)
2028 E Ben White Blvd, Suite 240-2835, Austin, Texas		78741
(Address of Principal Executive Offices)		(Zip Code)

 

[phone]

(Registrant’s telephone number, including area code)

 

 ______________________________________________

(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 (see General Instruction A.2. below):

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class		Trading Symbols(s)		Name of each exchange on which registered
N/A		N/A		N/A

 

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).

 

Emerging growth company ¨

 

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 8.01 Other Events.

 

On October 31, 2019, Bravatek Solutions, Inc. (the “Company”) entered into a binding letter of intent with RMA Armament, Inc., an Iowa company engaged in the development and manufacture of body armor (“RMA”), pursuant to which the parties would use their best efforts to negotiate and execute a definitive stock purchase agreement whereby the Company would issue RMA shares of non-convertible preferred stock entitling RMA to $1,900,000 in cash payments from the Company (the “Bravatek Payment Amount”), in consideration of RMA agreeing to make quarterly payments to BVTK consisting of 49% of the operating profits of RMA, with 39% of the 49% retained by RMA and credited against the Bravatek Payment Amount until the Bravatek Payment Amount has been deemed paid in full, and 10% of the 49% paid to Bravatek by RMA quarterly.

 

The foregoing description of the letter of intent and its terms is qualified in its entirety by the full text of the agreement, which is filed as Exhibit 99.1 to, and incorporated by reference in, this report.

 

Item 9.01 Financial Statements and Exhibits.

 

The exhibit listed in the following Exhibit Index is filed as part of this report:

 

99.1

Letter of Intent with RMA dated October 29, 2019.

 

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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.

 

	BRAVATEK SOLUTIONS, INC.
Date: November 5, 2019	By:	/s/ Thomas A. Cellucci
		Thomas A. Cellucci
		Chief Executive Officer

 

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