0001021432-13-000170.txt : 20130524
0001021432-13-000170.hdr.sgml : 20130524
20130524153331
ACCESSION NUMBER: 0001021432-13-000170
CONFORMED SUBMISSION TYPE: 8-K
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20130507
ITEM INFORMATION: Unregistered Sales of Equity Securities
ITEM INFORMATION: Changes in Control of Registrant
ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
FILED AS OF DATE: 20130524
DATE AS OF CHANGE: 20130524
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: Percipience Global Corp
CENTRAL INDEX KEY: 0001559132
STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770]
IRS NUMBER: 000000000
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 8-K
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-54833
FILM NUMBER: 13871938
BUSINESS ADDRESS:
STREET 1: 215 APOLENA AVENUE
CITY: NEWPORT BEACH
STATE: CA
ZIP: 92662
BUSINESS PHONE: 202-415-3563
MAIL ADDRESS:
STREET 1: 215 APOLENA AVENUE
CITY: NEWPORT BEACH
STATE: CA
ZIP: 92662
FORMER COMPANY:
FORMER CONFORMED NAME: Wallgate Acquisition Corp
DATE OF NAME CHANGE: 20120927
8-K
1
form8k050813pgc.txt
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
May 7, 2013
Date of Report
(Date of Earliest Event Reported)
PERCIPIENCE GLOBAL CORPORATION
(Exact Name of Registrant as Specified in its Charter)
WALLGATE ACQUISITION CORPORATION
(Former Name of Registrant as Specified in its Charter)
Delaware 000-54833 46-1873979
(State or other (Commission File Number) (IRS Employer
jurisdiction Identification No.)
of incorporation)
7 Gale Drive
Valley Stream, New York 11581
(Address of Principal Executive Offices)
215 Apolena Avenue
Newport Beach, California 92662
(Former Address of Principal Executive Offices)
(Registrant's Telephone Number)
ITEM 3.02 Unregistered Sales of Equity Securities
On May 8, 2013, Percipience Global Corporation (formerly Wallgate
Acquisition Corporation) (the "Registrant" or the "Company") issued 1,000,000
shares of its common stock pursuant to Section 4(2) of the Securities Act of
1933 at par representing 67% of the total outstanding 1,500,000 shares of
common stock.
ITEM 5.01 Changes in Control of Registrant
On May 7, 2013, the following events occurred which resulted in a
change of control of the Registrant:
1. The Registrant redeemed an aggregate of 19,500,000 of the then
20,000,000 shares of outstanding stock at a redemption price of $.0001 per
share for an aggregate redemption price of $1,950.
2. The then current officers and directors resigned.
3. New officer(s) and director(s) were appointed and elected.
The disclosure required by Item 5.01(a)(8) of Form 8-K was previously
filed with the Securities and Exchange Commission on Form 10-12G filed on
October 10, 2012 as supplemented by the information contained in this
report.
The Registrant intends to deliver income and growth via a residential
real estate backed investment, which affords the investor an interest in
(a) unencumbered, debt-free, pre-screened residential real estate security
(b) a consistent and reliable annual yield via government-assurance rental
income and (c) the opportunity for additional capital appreciation with the
recovery of the residential real estate market. The Registrant plans to
develop its business model utilizing the principle of absolute returns aiming
to produce positive returns regardless of the direction of traditional
equity/debt markets. The Registrant anticipates that field operations
will be conducted by a property management firm with a 50-year operating
history.
ITEM 5.02 Departure of Directors or Principal Officers; Election of
Directors
On May 7, 2013, James M. Cassidy resigned as the Registrant's
president, secretary and director.
On May 7, 2013, James McKillop resigned as the Registrant's vice
president and director.
On May 7, 2013, Gordon Drucker was named as the director of the
Registrant.
On May 7, 2013, Gordon Drucker was appointed President of the
Registrant.
Gordon Drucker serves as the sole officer and director of the Registrant.
Since 1986, Mr. Drucker has been actively involved in the purchase,
rehabilitation, rental and sale of real estate on an individual and corporate
basis. Mr. Drucker is the founder and Managing Member of Executive Realty,
an operating New York City based development company that owns and manages
various real estate properties across the North Eastern region of the United
States including single family homes, retail strip malls, office buildings,
multifamily houses and apartment buildings. In addition, for the past seven
years, Mr. Drucker has been Portfolio Manager for Homes Direct, a regional
housing development firm located in Queens, New York with responsibilities
including the development and continued management of over 250 residential
housing units, an assortment of homes ranging from traditional single family
to six-family units, both on a new construction and rehabilitation basis.
Over 45% of the homes held with that portfolio are leased by government-based
tenants. Mr. Drucker has a special expertise with government based tenant
rentals. Mr. Drucker received his Bachelor of Arts Degree in Business
Administration in 1979 from the State University of New York at New Paltz.
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 hereunder duly authorized.
PERCIPIENCE GLOBAL CORPORATION
(formerly Wallgate Acquisition Corporation)
Date: May 9, 2013 /s/ Gordon Drucker
President