UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K/A
☒ ANNUAL REPORT UNDER SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended: December 31, 2021
☐ Transition Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
For the transition period from __________ to ___________
Commission file number 000-50099
GRAPEFRUIT USA, INC.
(Exact name of registrant as specified in its charter)
Delaware | 95-4451059 | |
(State of Incorporation) | (I.R.S. Employer Identification No.) |
1000 Northwest Street, Mid-Town Brandy Wine, Suite 1200-3094, Wilmington, DE 19801
(Address of principal executive offices) (Zip Code)
310-575-1175
Registrant’s telephone number, including area code
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading symbol(s) | Name of exchange on which registered | ||
No par value common stock | GPFT | OTCQB |
Securities registered pursuant to Section 12(g) of the Act:
Common Stock, $0.0001 par value
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐ No ☒
Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐ No ☒
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐
Indicate by check mark whether the registrant has submitted every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes ☒ No ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer | ☐ | Accelerated filer | ☐ |
Non-accelerated filer | ☒ | Smaller reporting company | ☒ |
Emerging growth company | ☐ |
Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒
The aggregate market value of the shares of common stock held by non-affiliates of the registrant as of April 1, 2022 was $15,386,597 based on the closing price of $0.0275 per share of common stock of Grapefruit USA, Inc. as quoted on the OTC Pink Marketplace on that date.
There were 559,512,622 shares outstanding of the registrant’s Common Stock as of April 1, 2022.
The sole purpose of this Amendment No. 1 to the Annual Report on Form 10-K for the year ended December 31, 2021 of GRAPEFRUIT USA, INC. (the “Company”) filed with the Securities and Exchange Commission on April 15, 2022 (the “Form 10-K”) is to revise the signatures pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934.
Except as described above, this Amendment does not modify or update disclosures presented in the Original Form 10-K to reflect events occurring after the filing of the Original Form 10-K. Accordingly, this Amendment should be read in conjunction with the Original Form 10-K and the Company’s filings with the U.S. Securities and Exchange Commission subsequent to the filing of the Original Form 10-K.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report (Amendment No. 1) to be signed on its behalf by the undersigned, thereunto duly authorized, on the 15th day of April 2022.
Grapefruit USA, Inc. | ||
Dated: April 15, 2022 | By: | /s/ Bradley J Yourist |
Bradley J. Yourist | ||
Chief Executive Officer (Principal Executive Officer) | ||
Dated: April 15, 2022 | ||
/s/ Kenneth J. Biehl | ||
Kenneth J. Biehl Executive Vice President & Chief Financial Officer (Principal Financial and Accounting Officer) |
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
Dated: April 15, 2022 | |
/s/ Bradley J Yourist | |
Bradley J. Yourist | |
Director |
Dated: April 15, 2022 | |
/s/ Daniel J Yourist | |
Daniel J Yourist Director |
Dated: April 15, 2022 | |
/s/ James Jordan | |
James Jordan Director | |
Dated: April 15, 2022 | |
/s/ Sharon Bodie | |
Sharon Bodie Director |