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
December 31, 2005
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Date of Report (Date of earliest event reported):
Universal Property Development and Acquisition Corporation
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(Exact name of registrant as specified in charter)
Nevada 000-25416 20-3014499
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
14255 U.S. Highway 1, Suite 2180
Juno Beach, Florida 33408
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(Address of principal executive offices)
(561) 630-2977
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Registrant's telephone number, including area code:
Not Applicable.
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(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)
|_| 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))
Item 2.01 Completion of Acquisition or Disposition of Assets
Reference is herewith made to Item 3.02 wherein the Company indicates that
on December 31, 2005, it received an investment of Six Hundred Eighteen Thousand
Dollars ($618,000) from Miramar Investments, Inc. pursuant to a previously
executed investment agreement.
Item 3.02 Unregistered Sales of Equity Securities
(I) On December 31, 2005, Six Hundred Eighteen (618) shares of Class B
preferred stock were authorized for issuance to Miramar Investments, Inc..
(II) The transactions referred to above were did not involve underwriters and
there were no underwriters discounts or commissions.
(III) The securities issued to Miramar Investments, Inc., were in exchange for
the sum of Six Hundred Eighteen Thousand Dollars ($618,000.00) in cash.
(IV) The transactions referred to above were exempt transactions in accordance
with Section 4(2) as transactions by an issuer not involving any public
offering.
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.
Date: January 9, 2006 Universal Property Development
and Acquisition Corporation
/s/ Kamal Abdallah
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Kamal Abdallah, President
Principal Executive Officer