UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
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| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
| Nil | N/A | N/A |
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).
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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 3.02 Unregistered Sales of Equity Securities
On January 6, 2024, we granted an aggregate of 9,000,000 stock options to certain directors and officers for the purchase of up to 9,000,000 shares of our common stock pursuant to our 2017 Equity Incentive Plan. Each stock option is exercisable at a price of US$0.02 per share until January 6, 2034. All 9,000,000 stock options, vested immediately on January 6, 2024.
We granted the stock options to 4 U.S. Persons and 2 non U.S. Persons (as that term is defined in Regulation S of the Securities Act of 1933) and in issuing securities we relied on the registration exemption provided for in Section 4(a)(2), Regulation D and/or Regulation S of the Securities Act of 1933.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective January 6, 2024, we granted the following stock options to our directors and officers: (i) 2,000,000 to Cameron Chell, (ii) 2,000,000 to Scott Gallagher (iii) 2,000,000 to James Geiskopf, (iii) 2,000,000 to Swapan Kakumanu, (iv) 500,000 to Shelly Murphy and (v) 500,000 to Edmund C. Moy. The stock options are exercisable at the exercise price of US$0.02 per share until January 6, 2034. The stock options became exercisable on the date of grant, January 6, 2024.
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.
| METAWORKS PLATFORMS, INC. | |
| /s/ Scott Gallagher | |
| Scott Gallagher | |
| President | |
| January 8, 2024 |