8-K 1 equity11_10thtranche.htm EQUITY 11 10TH TRANCHE equity11_10thtranche.htm
 
 

 

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)

April 30, 2009


ECOLOGY COATINGS, INC.
(Exact name of registrant as specified in its charter)

Nevada
333-91436
26-0014658
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(State or other jurisdiction incorporation)
(Commission File Number)
(IRS Employer or Identification No.)

2701 Cambridge Court, Auburn Hills, MI  48326
___________________________________________________

(Address of principal executive offices, including zip code)

Registrant’s telephone number, including area code

248-370-9900

(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):
[ ] 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 3.02 Unregistered Sales of Equity Securities.
 
On April 29, 2009, Equity 11, Ltd. (“Purchaser”) purchased an additional 34 shares of 5% Convertible Preferred Shares at a purchase price of $1,000 per share pursuant to Securities Purchase Agreement entered into between  the Company and Purchaser on August 28, 2008.  Purchaser now holds 2,381 Convertible Preferred Shares. The Convertible Preferred Shares will pay cumulative cash distributions initially at a rate of 5% per annum, subject to declaration by the Board.

Coincident with the purchase of additional Convertible Preferred Shares, Purchaser was issued an  additional warrant to purchase 17,000 shares at a price $.75 per share.  Purchaser now holds warrants to purchase 1,178,500 shares at $.75 per share.
 
The Company offered and sold the Convertible Preferred Shares to the Purchaser in reliance upon the exemption from registration provided by Section 4(2) of the Securities Act.
 
The Convertible Preferred Shares and the underlying common shares of the Company issuable upon conversion of the Convertible Preferred Shares have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This Current Report does not constitute an offer to sell, or a solicitation of an offer to buy, any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offering would be unlawful.

Additional information pertaining to the Convertible Preferred Shares  is contained in the Company’s Current Reports filed with the Commission on August 29, 2008, September 29, 2008, January 23, 2009, February 12, 2009, February 18, 2009, February 27, 2009, March 10, 2009, March 27, 2009 and April 15, 2009 are incorporated herein by reference.


Item 9.01
Financial Statements and Exhibits
   
(c)
Exhibits
   
10.65
Warrant W-13


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.

   
ECOLOGY COATINGS, INC.
     
DATE:  April 30, 2009
 
By:  /s/ Daniel V. Iannotti
   
Daniel V. Iannotti
   
Vice President, General Counsel & Secretary