Exhibit 99.1
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 of Incorporation) | Commission File Number | (IRS EIN) |
(Address of principal executive offices)
(Registrant’s telephone number, including area code)
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:
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):
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.☐
Securities registered pursuant to Section 12(b) of the Act:
| Title of Each Class | Trading Symbol(s) | Name of Each Exchange on which Registered | ||
| OTC Pink |
| Item 1.01 | Entry into a Material Definitive Agreement |
On January 21, 2020 Pacific Ventures Group, Inc. (the “Corporation”) entered into a Consulting Agreement (the “Agreement”) with Tysadco Partners (the “Consultant”). Pursuant to the terms of the Agreement, the Consultant provided consulting services to the Corporation related to the execution of the Corporation’s growth plans, capital requirements, and the evaluation of capital markets for a period of 12 months. Pursuant to the terms of the Agreement, the Consultant was entitled to a monthly cash fee and stock issuance for the term of the Agreement.
The foregoing description of the Agreement is qualified in its entirety by reference to the full text of the Agreement attached as an exhibit hereto.
| Item 3.02 | Unregistered Sales of Equity Securities |
On January 5, 2021, the Corporation issued 83,928 restricted shares of common stock of the Corporation pursuant to the Agreement described in Item 1.01 above. In connection with the issuance, the Corporation relied upon the exemption from securities registration provided by Section 4(a)(2) under the Securities Act of 1933, as amended, for transactions not involving a public offering.
| Item 9.01 | Exhibits. |
| Exhibit No. | Description | |
| 99.1 | Consulting Agreement between the Corporation and Tysadco Partners | |
| 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.
| Pacific Ventures Group, Inc. | ||
| Dated: September 8, 2021 | By: | /s/ Shannon Masjedi |
| Shannon Masjedi, CEO | ||
Exhibit 99.1