UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): June 3, 2019
2050 MOTORS, INC.
(Exact name of Registrant as specified in its Charter)
California | 001-13126 | 83-3889101 | ||
(State
or other jurisdiction of incorporation) |
(Commission
File No.) |
(IRS
Employer Identification No.) |
25 N River Lane Suite 2050, Geneva, IL 60134
(Address of principal executive offices)
(630) 708-0750
(Registrant’s Telephone Number)
(Former name or 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 (see General Instruction A.2. below):
[ ] | 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)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2) [X]
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 [X]
2050 Motors, Inc. is referred to herein as “we”, “us”, or “us”
Item 7.01 Regulation FD Disclosure.
On or around February 15, 2018, 2050 Corp. aka 2050 Motors, Inc. (“2050”) announced the signing of a memorandum of understanding (“MOU”) with Graphene Future, Inc. for the purchase of 20% of the company and exclusive worldwide distribution rights to its technology for electric vehicle (“EV) batteries. Effective June 3, 2019, 2050 terminated any and all discussions and agreements with Graphene Future, Inc.
Item 9.01. Exhibits
(a) Exhibits. The following exhibit is filed with this Current Report on Form 8-K:
Exhibit No. | Description | |
10.1 | Termination of Any and All Agreements and Discussions between 2050 Corp. and Graphene Future, Inc. |
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.
2050 MOTORS, INC. | ||
Date: June 3, 2019 | By: | /s/ Vikram Grover |
Vikram Grover | ||
Chief Executive Officer |
June 3, 2019
April LaStella
President
Graphene Future, Inc.
1621 Central Avenue
Cheyenne, WY 82001
Ms. LaStella,
2050 Corp. aka 2050 Motors, Inc. (“2050” or the “Company”) provides you herein with Notice of Termination of any and all discussions and agreements, including a memorandum of understanding (“MOU”) to purchase 20% of Graphene Future, Inc. and the exclusive rights to utilize and distribute your graphene products for the electric vehicle battery market. The signing of such agreement was executed and announced on or around February 15, 2018.
Accordingly, you are no longer authorized to represent to any organization, business, person, or other entity that any such MOU or similar agreement exists between 2050 and Graphene Future, Inc. We hereby demand any and all return of materials shared by 2050 with Graphene Future, Inc. to our offices at:
2050 Corp.
25 N River Lane, Suite 2050
Geneva, IL 60134
(630) 708-0750
By e-mail: info@2050motors.com
Your cooperation and response to the above requests for information are critical for transparency to our investors. Should you fail to provide the requested documents by COB June 7, 2019, we will assume you do not intend to cooperate in this matter. We will take all necessary actions to disclose our termination and requests via filings with the SEC and appropriate governmental bodies in our state of incorporation in CA, in NV where our subsidiary by the same name was previously incorporated, or in WY where Graphene Future is incorporated.
Govern yourself accordingly,
Vikram Grover
CEO
2050 Corp. aka 2050 Motors Inc.