8-K 1 proteo_8k.htm FORM 8-K

 

 

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): December 12, 2018

 

PROTEO, INC.

 

(Exact name of registrant as specified in its charter)

 

Nevada   000-30728   90-0019065
(State of other jurisdiction
of incorporation)
  (Commission File Number)   (IRS Employer
Identification No.)
         
2102 Business Center Drive, Irvine, California 92612
(Address of Principal Executive Offices)
         
Registrant’s telephone number, including area code: (949) 253-4155
 
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 (see General Instruction A.2 below):

 

oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425).
oSoliciting material pursuant to Rule 14A-12 under the Exchange Act (17 CFR 240.14a-12)
oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR.14d-2(b))
oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

    Emerging growth company              o

 

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. o

 

 

 

   

 

 

 

Item 1.01Entry Into a Material Definitive Agreement

 

On December 12, 2018, Proteo, Inc., (the “Registrant”) entered into a Common Stock Purchase Agreement (the “Agreement”) with the purchaser of its stock, Jork von Reden (the “Investor”), who is also a member of the Registrant’s board of directors. Pursuant to the Agreement, the Registrant agreed to issue and sell to the Investor 1,000,000 shares of the Registrant’s Common Stock (the “Purchase Shares”) at the price of $0.08 per share (the “Purchase Price”), for an aggregate purchase price of USD $80,000. The Purchase Price was equal to the closing price of the Registrant’s common stock as quoted on the OTCQB on December 6, 2018. The initial closing of 500,000 of the Purchase Shares will occur upon the Registrant’s receipt of the initial payment of $40,000 of the Purchase Price. A second closing of the remaining 500,000 Purchase Shares will occur on December 27, 2018 (the “Second Closing Date”). The Investor agreed to pay the remaining USD $40,000 Purchase Price with respect to the remaining Purchase Shares on or before the Second Closing Date.

 

Item 3.02Unregistered Sales of Equity Securities

 

On December 12, 2018, the Registrant entered into the Agreement described in Item 1.01 above. Pursuant to the Agreement, the Registrant will issue to the Investor 1,000,000 shares of Common Stock in a transaction exempt from the registration requirements of the Securities Act of 1933, as amended, by virtue of the exemptions available under Regulation S and the rules promulgated thereunder.

 

Item 9.01Financial Statements and Exhibits.

 

(d)       Exhibits. The following materials are filed as exhibits to this Current report on Form 8-K:

 

  Exhibit No. Description
     
  10.1 Common Stock Purchase Agreement dated December 12, 2018

 

 

 

 

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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.

 

  PROTEO, INC.
   
   
Date: December 14, 2018 By:   /s/ Dr. Oliver Wiedow
  Dr. Oliver Wiedow
  Chief Executive Officer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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EXHIBIT INDEX

 
 

Exhibit  
Number Description                                                                 
   
10.1 Common Stock Purchase Agreement

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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