SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
Current Report
Pursuant to Section 13 or 15(d) of the
Securities Act of 1934
December 22, 2016
(Date of earliest event Reported)
NEXT GROUP HOLDINGS, INC.
(Exact Name of Registrant as Specified in its Charter)
| Florida | | 333-148987 | | 20-3537265 |
(State or other jurisdiction
of incorporation) | | (Commission File Number) | | (I.R.S. Employer
Identification No.) |
1111 Brickell Avenue, Suite 2200, Miami, FL, 33131
(Address of principal executive offices)
Registrant's telephone number, including area code: (800) 611-3622
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
NOTE ABOUT FORWARD LOOKING STATEMENTS
Most of the matters discussed within this report include forward-looking statements on our current expectations and projections about future events. In some cases you can identify forward-looking statements by terminology such as “may,” “should,” “potential,” “continue,” “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” and similar expressions. These statements are based on our current beliefs, expectations, and assumptions and are subject to a number of risks and uncertainties, many of which are difficult to predict and generally beyond our control, that could cause actual results to differ materially from those expressed, projected or implied in or by the forward-looking statements. Such risks and uncertainties include the risks noted under “Item 1A Risk Factors.” We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events, or otherwise.
Item 1.01. Entry into a Definitive Material Agreement.
On December 22, 2016, Next Group Holdings, Inc.’s (NXGH) subsidiary, Next Cala, Inc., completed the qualifying terms and consideration to its “AMENDMENT NO. 1 TO WHITE LABEL CARD PROGRAM SERVICES AGREEMENT”with Interactive Communications International, Inc., a Florida corporation ("InComm"), for use of the “Mio” licensed mark and retail distribution of products at licensed retailers. InComm paid $311,261.28 to Next Cala Inc. for the purpose of designing, creating and marketing website, IVR, and mobile application content for the Program. The Amendment modifies the original Agreement listed in the 8k filing submitted to the SEC on January 15, 2016.
Item 9.01. Financial Statements and Exhibits.
| 99.1 | AMENDMENT NO. 1 TO WHITE LABEL CARD PROGRAM SERVICES AGREEMENT |
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.
| Dated: December 29, 2016 | NEXT GROUP HOLDINGS, INC. |
| | | |
| | By: | /s/ Arik Maimon |
| | | Arik Maimon |
| | | Chief Executive Officer |
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