0001615774-18-002153.txt : 20180328 0001615774-18-002153.hdr.sgml : 20180328 20180328160045 ACCESSION NUMBER: 0001615774-18-002153 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20180323 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20180328 DATE AS OF CHANGE: 20180328 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SPHERIX INC CENTRAL INDEX KEY: 0000012239 STANDARD INDUSTRIAL CLASSIFICATION: PATENT OWNERS & LESSORS [6794] IRS NUMBER: 520849320 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-05576 FILM NUMBER: 18718588 BUSINESS ADDRESS: STREET 1: ONE ROCKEFELLER PLAZA, 11TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10020 BUSINESS PHONE: 347-321-7646 MAIL ADDRESS: STREET 1: ONE ROCKEFELLER PLAZA, 11TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10020 FORMER COMPANY: FORMER CONFORMED NAME: BIOSPHERICS INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: BIOSPHERICS RESEARCH INC DATE OF NAME CHANGE: 19720404 8-K 1 s109477_8k.htm 8-K

 

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): March 23, 2018
 
SPHERIX INCORPORATED
(Exact name of registrant as specified in its charter)

 

Delaware 000-05576 52-0849320

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(I.R.S. Employer

Identification No.)

 

                           One Rockefeller Plaza, 11th Floor, New York, NY 10020
(Address of principal executive offices) (Zip Code)
 

Registrant’s telephone number, including area code: (212) 745-1374

 

 
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:

 

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13a-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 □

 

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 8.01.          Other Events.

 

On March 23, 2018, Spherix Incorporated purchased 8.0% of the issued and outstanding limited liability company membership interests of TheBit Daily LLC, a development stage media and education platform focused on the blockchain and cryptocurrency space, for a subscription price of $25,000.

A press release relating to such event is attached as Exhibit 99.1 hereto.

Item 9.01.Financial Statements and Exhibits.

 

  (d) Exhibits.

 

     
99.1   Press release, dated March 27, 2018

 

 

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.

 

  SPHERIX INCORPORATED
     
     
Date: March 28, 2018 By /s/ Anthony Hayes
  Name: Anthony Hayes
  Title: Chief Executive Officer

 

 

 

 

 

 

 

 EX-99.1 2 s109477_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

Spherix Expands Blockchain Investment

 

Spherix Announces Investment in TheBitDaily.Com

 

NEW YORK, NY March 27, 2018 /PRNewswire/ Spherix Incorporated (NASDAQ: SPEX) announced today that the Company has closed an investment in TheBit Daily LLC (“TheBit”), a development stage media and education platform focused on the blockchain and cryptocurrency space. The site provides strategic and intelligently condensed insight to this exciting technology. For more information, please visit: www.thebitdaily.com.

 

TheBit Daily aims to lower the barrier of entry into the blockchain and cryptocurrency technology fields. TheBit informs readers, who range from beginners to experts, through its easy to understand “Guides” on the main concepts behind blockchain and cryptocurrencies. TheBit offers a free custom-curated newsletter that apprises users on the latest updates and events impacting the blockchain and cryptocurrencies sectors. This laymen’s terms newsletter keeps readers informed in just 3 minutes or less and is sent 3 times per week. The site also publishes interviews with leaders in the industry, which keep its audience at the forefront of this innovative technology. Moving forward, TheBit plans on expanding its platform to include community sourced resource discovery, informational videos and access to a social network focused on the blockchain ecosystem. TheBit was founded by Erica Amatori and Chris Hoyle, both of the College of William & Mary, the second oldest college in the nation.

 

Anthony Hayes, CEO of Spherix stated, “Our investment in TheBit provides our shareholders another opportunity to participate in the growing blockchain and cryptocurrency space, while also being accretive to our proposed acquisition of DatChat. As the Company moves into the blockchain space, TheBit provides our shareholders and other users with clear and easy to understand information about blockchain and cryptocurrencies. This investment will seek to diversify our revenue base as we help incubate and grow a fantastic startup. This is a true win-win. TheBit offers something special and we are very proud to be working with Erica and Chris.”

 

Erica Amatori, Co-Founder of TheBit Daily, told their story, “When Bitcoin was booming in 2017, friends asked us constantly how to participate in its explosive growth. That’s when we realized there was a lack of education in the space. Articles and media were geared towards highly complex and technical information. TheBit Daily was born out of the need to simplify blockchain for everyone.”

 

Co-Founder, Chris Hoyle, had this to say about the future, “Blockchain and ICO enthusiasim has overwhelmed many people and caused great discomfort regarding the space. TheBit Daily seeks to demystify the area and help fill the void where the media and investment community have failed. We remain very optimistic about the motivations of builders in the space and the potential use cases for cryptocurrencies and blockchain. Our mission will be to provide clarity so that the right ideas can receive the public attention and level of understanding that they deserve.”

 

 

 

Additional information about the investment is available in the Form 8K, filed by Spherix with the Securities and Exchange Commission.

 

About Spherix

Spherix Incorporated was launched in 1967 as a scientific research company. Spherix is committed to advancing innovation by participation in the development of new technology.

 

Forward-Looking Statements

Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the Company's filings with the SEC, not limited to Risk Factors relating to its patent business contained therein. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.

 

 

Contact:    
     
Investor Relations: Hayden IR  
  Brett Maas, Managing Partner  
  Phone: (646) 536-7331  
  Email: brett@haydenir.com  
  www.haydenir.com  
     
Spherix: Phone: 212-745-1373  
  Email: investorrelations@spherix.com  
  www.spherix.com  

 

 

 

 

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