UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): February 16, 2021
hopTo Inc.
(Exact Name of Registrant as Specified in Charter)
Delaware |
0-21683 |
13-3899021 | ||
(State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
6 Loudon Road, Suite 200, Concord NH |
03301 | |
(Address of Principal Executive Offices) | (Zip Code) |
Registrant’s telephone number, including area code: (800) 472-7466
Securities registered pursuant to the 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of exchange upon which registered | ||
Common | HPTO | OTC Markets |
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 |
[ ] | Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). |
[ ] | 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 3.03 Material Modification to Rights of Security Holders
On February 16, 2021, hopTo Inc., a Delaware corporation (“hopTo” or the “Company”), entered into a Second Amendment to Rights Agreement (the “Second Amendement”) with American Stock Transfer & Trust Company, LLC, as rights agent (the “Rights Agent”) to (i) extend the Final Expiration Date, as defined in the Rights Agreement, to the close of business on February 16, 2031 and (ii) to provide for the construction of the Rights Agreement and all other related documents in a manner consistent with the extension of the Final Expiration Date.
The foregoing summary of the Second Amendment does not purport to be complete and is qualified in its entirety by reference to the Second Amendment, which is attached hereto as Exhibit 4.1 and is incorporated herein by reference.
Item 9.01 Exhibits and Financial Statements.
Exhibit No. | Description | |
4.1 | Second Amendment to Rights Agreement, dated as of February 16 2021, by and between hopTo, Inc. and American Stock Transfer & Trust Company LLC, as rights agent |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized, as of February 19, 2021.
hopTo Inc. | ||
By: | /s/ Jonathon R. Skeels | |
Name: | Jonathon R. Skeels | |
Title: | Chief Executive Officer |
Exhibit 4.1
SECOND AMENDMENT TO RIGHTS AGREEMENT
SECOND AMENDMENT TO RIGHTS AGREEMENT, dated as of February 16, 2021 (this “Second Amendment”), by and between hopTo Inc., a Delaware corporation (the “Company”), and American Stock Transfer & Trust Company, LLC, as rights agent (the “Rights Agent”). Unless the context otherwise requires, capitalized terms used in this Second Amendment have the respective meaning given to them in the Original Agreement (defined below).
RECITALS
The Company and the Rights Agent entered into a Rights Agreement, dated as of February 16, 2018 (the “Original Agreement”).
On November 18, 2018, the Original Agreement was amended by a first amendment (the “First Amendment”).
The board of directors of the Company has (1) determined that no Distribution Date has occurred as of the date of this Second Amendment and (2) taken action to amend the Original Agreement, as amended by the First Amendment, as contemplated herein.
AGREEMENT
In consideration of the foregoing, the parties, intending to be legally bound hereby, agree as follows:
1. Section 7 of the Agreement is hereby amended as follows:
(a) Clause (a)(i) shall be removed and replaced with the following:
(i) the Close of Business on February 16, 2031 (the “Final Expiration Date”),
2. Exhibit B to the Agreement is hereby amended as follows:
(a) The reference to “FEBRUARY 16, 2021” on page B-1 shall be removed and replaced with “FEBRUARY 16, 2031.”
3. Exhibit C to the Agreement is hereby amended as follows:
The first bullet point in the eleventh paragraph of Exhibit C shall be removed and replaced with the following:
the close of business on February 16, 2031;
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This Second Amendment has been executed and delivered by an authorized representative of each of the undersigned as of the date first written above.
HOPTO, INC. | ||
By: | /s/ Jonathon R. Skeels | |
Name: | Jonathon R. Skeels | |
Title: | Chief Executive Officer, President and Secretary | |
AMERICAN STOCK TRANSFER & TRUST COMPANY, LLC | ||
By: | /s/ Michael A. Nespoli | |
Name: | Michael A. Nespoli | |
Title: | Executive Director |
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