Form 8-K - Current report

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): August 8, 2023

 

DIGITAL LOCATIONS, INC.

(Exact name of registrant as specified in its charter)

 

Nevada		000-54817		20-5451302
(State or other jurisdiction of incorporation or organization)		(Commission File Number)		(IRS Employer Identification No.)

 

1117 State Street, Santa Barbara, CA		93101
(Address of Principal Executive Offices)		(Zip Code)

 

[phone]

(Registrant’s telephone number, including area code)

 

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 (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 Symbol(s)		Name of each exchange on which registered
Common		DLOC		OTC Pink

 

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 7.01 Regulation FD Disclosure.

 

On August 8, 2023, the Company issued a press release. A copy of the press release is attached hereto as Exhibit 99.1.

 

Exhibit 99.1 contains forward-looking statements. These forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Forward-looking statements are based upon assumptions as to future events that may not prove to be accurate. Actual outcomes and results may differ materially from what is expressed in these forward-looking statements.

 

The information set forth under this Item 7.01, including Exhibit 99.1, is being furnished and, as a result, such information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of such Section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

 

Item 9.01 Exhibits

 

99.1	Press Release dated August 8, 2023
104	Cover Page Interactive Data File (embedded within the Inline XBRL Document)

 

 

 

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 thereunto duly authorized.

 

	DIGITAL LOCATIONS, INC.
Date: August 9, 2023	By:	/s/ Rich Berliner
	Name:	Rich Berliner
	Title:	Chief Executive Officer

 

 

Exhibit 99.1

 

 

Digital Locations Reveals More about Its Development Plan

 

Digital Locations CEO Rich Berliner and Dr. Arjuna Madanayake from Florida International University (FIU) discussed the tech team’s research approach

 

SANTA BARBARA, CA, August 8, 2023 (GLOBE NEWSWIRE) — Digital Locations, Inc. (OTCMKTS:DLOC), the developer of a disruptive technology that will deliver high-speed Internet from satellites directly to smartphones all over the world, today announced that in a recent podcast, its CEO, Rich Berliner, spoke with Dr. Arjuna Madanayake, Associate Professor at Florida International University (FIU), about the tech team’s research approach.

 

During the conversation, Dr. Madanayake described how the FIU tech team is working on the Digital Locations research project and how they are approaching the tasks related to enabling direct satellite to smartphone high speed Internet transmission. He also described the process of inventing new integrated circuits, antenna design concepts and the algorithms to go with these new developments.

 

Dr. Madanayake said, “There are several challenges that we must address. For example, when we consider the power challenges, we must design circuits that deliver high performance with better life and power efficiency. Designing digital circuits with low power but high performance is a very big challenge.”

 

He also discussed the importance of being spectrum efficient as that is both an expensive and scarce resource. Dr. Madanayake continued, “What we are working on here is bringing together a tight package in an integrated circuit (IC) at low power and making it all work in harmony, which is the key to our project.”

 

When asked about the antenna design challenges that go along with digital signal processing and algorithms, Dr. Madanayake described the FIU resources the tech team has at its disposal. “FIU has a very strong antenna design group. We have built an expertise to design antennas from a few hundred megahertz (200 MHz) to millimeter wave frequencies.”

 

Mr. Berliner commented, “The talent, enthusiasm, and resources that the FIU tech team brings to the table are perfect to solve the difficult challenges involved in making high speed Internet available to people all over the world. I don’t think we could have chosen a more committed group to work with on this project”.

 

Since 2018, Dr. Arjuna Madanayake has served as an Associate Professor at Florida International University (FIU). His areas of expertise include multidimensional systems, wireless communications, array processing, circuits and systems, FPGAs and analog computing. His academic degrees include Ph.D. in Electrical Engineering from the University of Calgary, AB, Canada, M.S. in Electrical Engineering from the University of Calgary, AB, Canada and B.S. in Electronic and Telecommunication Engineering from the University of Moratuwa, Sri Lanka. Dr. Madanayake is listed as a Google Scholar at https://scholar.google.com/citations?user=-dDXDr0AAAAJ&hl=en

 

 

 

This podcast can be viewed at https://www.youtube.com/watch?v=h9jCMC0JixU

 

About Digital Locations, Inc.

 

Digital Locations, Inc., is the developer of a disruptive technology that will deliver high-speed Internet from satellites directly to smartphones all over the world. Today, high-speed Internet (also known as broadband Internet) is only available in densely populated areas around the world. The rest of the world is still waiting. Elon Musk (SpaceX), Jeff Bezos (Blue Origin) and others are launching thousands of Low Earth Orbit (LEO) satellites. Unfortunately, without the use of additional equipment, the technology does not yet exist that will allow these satellites to deliver high-speed Internet directly to smartphones. Solving this problem represents an extraordinary business opportunity. Working with a research team from Florida International University, we are developing a truly disruptive technology that will finally make it possible for the wireless industry to offer high-speed Internet service from satellites directly to smartphones anywhere in the world, indoors and outdoors with no dead zones and no cell towers. Anyone, anywhere, regardless of location, economic status, race or gender will be able to access high-speed Internet service and benefit from remote learning, health care, government services, telework, participation in public affairs and even Netflix, Amazon and much, much more.

 

To learn more about Digital Locations please visit www.digitallocations.com

 

Safe Harbor Statement

 

This press release may contain “forward-looking statements.” Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations, and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Any forward-looking statement made by us in this release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise, except as may be required under applicable law.

 

Press Contact:

[e-mail]

[phone]

 

Cover	Aug. 08, 2023
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Aug. 08, 2023
Entity File Number	000-54817
Entity Registrant Name	DIGITAL LOCATIONS, INC.
Entity Central Index Key	0001407878
Entity Tax Identification Number	20-5451302
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	1117 State Street
Entity Address, City or Town	Santa Barbara
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	93101
City Area Code	(805)
Local Phone Number	456-7000
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common
Trading Symbol	DLOC
Entity Emerging Growth Company	false

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