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): June 12, 2023 |
MAPTELLIGENT, INC. |
(Exact name of registrant as specified in its charter) |
Nevada |
| 333-218746 |
| 88-0203182 |
(State or other jurisdiction of incorporation) |
| (Commission File Number) |
| (I.R.S. Employer Identification No.) |
2831 St. Rose Parkway, Suite # 297
Henderson, NV 89052
(Address of principal executive offices) (zip code)
561-926-3083
(Registrant’s telephone number, including area code)
Copies to:
Joseph Cosio-Barron
2831 St. Rose Parkway,
Suite # 297
Henderson, NV 89052
415-990-8141
Not Applicable
(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 (17 CFR 230.425) |
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☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 1.01 Entry into a Material Definitive Agreement.
As previously disclosed, Maptelligent, Inc. (“the Company”) entered into agreements creating convertible promissory notes with an accredited investor, GPL Ventures, LLC (“GPL”) on September 9, 2017, January 5, 2018, November 23, 2020, February 12, 2021, and March 29, 2021 (together referred to collectively as “GPL Notes”). The GPL Notes were for various different financial amounts.
On June 12, 2023, the Company was notified by GPL that it hereby surrenders the above referenced unconverted GPL Notes in their entirety along with any other unconverted convertible notes which GPL holds in the Company. The GPL Notes are surrendered due to a judgment entered into against GPL and its related parties on May 2, 2023 in case captioned SEC v. GPL Ventures et al., 21 Civ. 6814 (S.D.N.Y.). The judgment requires GPL to surrender to the respective issuers all unconverted convertible notes in their entirety associated with certain issuers identified in an appendix to the judgment.
Upon the surrender of the GPL Notes, such Notes are canceled on the books and records of the Company.
Item 1.01 of this Current Report on Form 8-K contains only a brief description of the material terms of the GPL Notes and judgement entered into against GPL, as well as any other agreements between parties, and does not purport to be a complete description of the rights and obligations of the parties thereunder, and such descriptions are qualified in their entirety by reference to the full text of the GPL Notes, the forms of which are attached as Exhibits 4.1, 4.2, 4.3 4.4, and 4.5 respectively, to this Current Report on Form 8-K, and are incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits:
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* Filed herewith
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SIGNATURE
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.
| Maptelligent Inc. | ||
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Date: June 16, 2023 | By: | /s/ Joseph Cosio-Barron | |
| Name: | Joseph Cosio-Barron |
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| Title: | Chief Executive Officer |
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