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
Date
of Report (Date of earliest event reported):
(Exact name of registrant as specified in its charter)
| (State
or other jurisdiction of incorporation or organization) |
(I.R.S.
Employer Identification No.) |
| (Address of principal executive offices) | (Zip Code) |
Registrant’s
Telephone Number, including area code:
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.
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)) |
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
| OTC Pink |
Item 8.01 Other Events.
On March 3, 2022, the Board of Directors resolved to file additional disclosures related to a convertible note transaction executed in Q3 2021, in order to satisfy certain covenant requirements related to the note. On August 9, 2021, GEX Management , Inc. (the “Company” or “Registrant”), in the ordinary course of its business and pursuant to its ongoing plan of operations to fund its business by the use of convertible note transactions, entered into a Securities Purchase Agreement (“SPA”) with Leonite Fund 1, LP, an institutional investor and the Lead Investor (“LF1”) dated August 9, 2021.
Pursuant to the terms of the SPA, the Company issued and sold to LF1 a 12% Convertible Note dated August 9, 2021 in the principal amount of $333,333.33 (the “Note”), due and payable on August 9, 2022.
Item 9.01 Financial Statements and Exhibits
| Exhibit No. | Description | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURE
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 thereunto duly authorized.
| Date: March 3, 2022 | GEX Management, Inc | |
| By: | /s/ Joseph Frontiere | |
| Joseph Frontiere | ||
| Chief Executive Officer | ||
Cover |
Mar. 03, 2022 |
|---|---|
| Cover [Abstract] | |
| Document Type | 8-K |
| Amendment Flag | false |
| Document Period End Date | Mar. 03, 2022 |
| Entity Registrant Name | GEX MANAGEMENT INC. |
| Entity Central Index Key | 0001681556 |
| Entity Tax Identification Number | 56-2428818 |
| Entity Incorporation, State or Country Code | TX |
| Entity Address, Address Line One | 3662 W Camp Wisdom Rd |
| Entity Address, City or Town | Dallas |
| Entity Address, State or Province | TX |
| Entity Address, Postal Zip Code | 75237 |
| City Area Code | (877) |
| Local Phone Number | 210-4396 |
| Written Communications | false |
| Soliciting Material | false |
| Pre-commencement Tender Offer | false |
| Pre-commencement Issuer Tender Offer | false |
| Title of 12(b) Security | Common Stock |
| Trading Symbol | GXXM |
| Entity Emerging Growth Company | true |
| Elected Not To Use the Extended Transition Period | false |
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