0001493152-24-011349.txt : 20240326 0001493152-24-011349.hdr.sgml : 20240326 20240326172354 ACCESSION NUMBER: 0001493152-24-011349 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20240322 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240326 DATE AS OF CHANGE: 20240326 FILER: COMPANY DATA: COMPANY CONFORMED NAME: METAWORKS PLATFORMS, INC. CENTRAL INDEX KEY: 0001515139 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 273098487 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-55049 FILM NUMBER: 24784786 BUSINESS ADDRESS: STREET 1: 3250 OAKLAND HILLS COURT CITY: FAIRFIELD STATE: CA ZIP: 94534 BUSINESS PHONE: 424-570-9446 MAIL ADDRESS: STREET 1: 3250 OAKLAND HILLS COURT CITY: FAIRFIELD STATE: CA ZIP: 94534 FORMER COMPANY: FORMER CONFORMED NAME: CurrencyWorks Inc. DATE OF NAME CHANGE: 20190905 FORMER COMPANY: FORMER CONFORMED NAME: ICOX INNOVATIONS INC. DATE OF NAME CHANGE: 20180215 FORMER COMPANY: FORMER CONFORMED NAME: AppCoin Innovations Inc. DATE OF NAME CHANGE: 20170823 8-K 1 form8-k.htm
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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 22, 2024

 

METAWORKS PLATFORMS, INC.

(Exact name of registrant as specified in its charter)

 

Nevada   000-55049   27-3098487

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

3250 Oakland Hills Court Fairfield, California 94534

(Address of principal executive offices and Zip Code)

 

Registrant’s telephone number, including area code: 424.570.9446

 

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:

 

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))

 

Securities registered pursuant to Section 12(b) of the Act:

 

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).

 

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 1.01 Entry into a Material Definitive Agreement.

 

Effective as of May 5, 2021, we loaned $400,000 to Fogdog Energy Solutions Inc. pursuant to convertible promissory note. The note bears interest at a rate of 4% per annum and comes due on December 31, 2024. On March 22, 2024, the company elected to convert this promissory note along with accrued interest for a total of $446,071 and now the company holds 11% equity stake in Fogdog.

 

Our chief financial officer, secretary and treasurer, Swapan Kakumanu, is a director, chief financial officer and a shareholder of Fogdog.

 

Item 7.01 Regulation FD Disclosure.

 

A news release dated March 22, 2024 is furnished herewith.

 

In accordance with General Instruction B.2 of Form 8-K, the information in Item 7.01 of this current report on Form 8-K, including Exhibit 99.1, is being furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”), or otherwise subject to the liabilities of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits
   
99.1 News Release dated March 22, 2024
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 
 

 

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  
   
March 26, 2024  

 

 

 

EX-99.1 2 ex99-1.htm

 

Exhibit 99.1

 

 

MetaWorks Platforms Expands Holdings into Renewable Energy: Company Secures 11% Equity Stake in Fog Dog Energy Solutions Amid AI and Blockchain Energy Surge

 

Fairfield, CA., March 22, 2024 (GLOBE NEWSWIRE) -- MetaWorks Platforms, Inc. (“MetaWorks” or the “Company”), (OTCQB: MWRK), an award-winning company that owns, operates, and develops Web3, GreenTech and AI platforms and technologies for the education, finance, entertainment & technology space, today announced that it has exercised an option to acquire an 11% stake in Green Technology company Fog Dog Energy Solutions, Inc.

 

Metaworks President Scott Gallagher commented on the news, “We are strong believers in the waste to energy conversion system created by the team at Fog Dog as evidenced by our more than $1.2 Million investment in the Company. The rise of technologies like AI, Blockchain and Web3 have caused a massive increase in energy needs to support these new emerging technologies.”

 

According to the IEA (International Energy Agency), training a single AI model consumes more energy than 100 households use in a year. Gallagher went on to say, “We look forward to working with the team at Fog Dog to deliver a carbon neutral energy solution for Blockchain, AI and other ventures that drives a profitable future for both Fog Dog and MetaWorks.”

 

According to the IEA, on average, large-scale AI models consume approximately 100x more compute resources that other contemporary AI models. If the trend of increasing model sizes continues at its current pace, some estimates project compute costs to surpass the entire GDP of the United States by 2037.

 

Company Contact:

 

Scott Gallagher, President

(727) 417-7807

scott@metaworksplatforms.io

 

About MetaWorks Platforms, Inc.

 

MetaWorks Platforms, Inc. (OTCQB: MWRK) is an award-winning Web3 company that owns, operates and builds AI-powered blockchain, metaverse and fintech platforms in the film, fan engagement, music, payments, green tech and educational space focused on leveraging Web3 technologies and partnerships to create disruptive technology-based products, services and Companies.

 

For more information on MetaWorks Platforms, please visit us at www.MetaWorks.ai . For additional investor or financial information visit www.SEC.gov.

 

 

 

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Cover
Mar. 22, 2024
Cover [Abstract]  
Document Type 8-K
Amendment Flag false
Document Period End Date Mar. 22, 2024
Entity File Number 000-55049
Entity Registrant Name METAWORKS PLATFORMS, INC.
Entity Central Index Key 0001515139
Entity Tax Identification Number 27-3098487
Entity Incorporation, State or Country Code NV
Entity Address, Address Line One 3250 Oakland Hills Court
Entity Address, City or Town Fairfield
Entity Address, State or Province CA
Entity Address, Postal Zip Code 94534
City Area Code 424
Local Phone Number 570.9446
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
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