NutriBand Inc. Amends 8-K Filing on Equity Sales
Ticker: NTRBW · Form: 8-K/A · Filed: Jun 3, 2024 · CIK: 1676047
Sentiment: neutral
Topics: amendment, equity-securities, filing-update
Related Tickers: NTRB
TL;DR
NutriBand filed an 8-K/A amending equity sales info from May 14th.
AI Summary
NutriBand Inc. filed an amendment (8-K/A) on June 3, 2024, to a previous Form 8-K dated May 14, 2024. This amendment pertains to unregistered sales of equity securities and includes financial statements and exhibits. The filing indicates events related to common stock and warrants on May 14, 2024.
Why It Matters
This amendment clarifies details regarding unregistered equity sales and associated financial information, which could impact investor understanding of NutriBand's capital structure and recent transactions.
Risk Assessment
Risk Level: low — The filing is an amendment to a previous report, primarily providing updated or clarified information rather than announcing new, significant events.
Key Players & Entities
- NutriBand Inc. (company) — Filer of the 8-K/A
- May 14, 2024 (date) — Date of earliest event reported in the original 8-K
- June 3, 2024 (date) — Filing date of the 8-K/A
FAQ
What specific type of equity securities were involved in the unregistered sales mentioned in the 8-K/A?
The filing references 'CommonStockMember' and 'WarrantsMember' in relation to the events on May 14, 2024, indicating these were the types of securities involved.
What is the purpose of filing an 8-K/A instead of just an 8-K?
An 8-K/A is an amendment to a previously filed 8-K, used to correct or update information that was originally reported.
What is NutriBand Inc.'s principal executive office address?
NutriBand Inc.'s principal executive offices are located at 121 S. Orange Ave. Suite 1500, Orlando, Florida 32801.
When was the original Form 8-K filed that this 8-K/A amends?
The original Form 8-K, to which this is an amendment, reported events as of May 14, 2024, and was filed on or around that date.
What is NutriBand Inc.'s state of incorporation?
NutriBand Inc. is incorporated in Nevada.
Filing Stats: 642 words · 3 min read · ~2 pages · Grade level 10.5 · Accepted 2024-06-03 15:25:03
Key Financial Figures
- $300,000 — es LDA (the "Holder") agreed to convert $300,000 of the outstanding principal and accrue
- $0.001 — 6,230 shares of Common Stock, par value $0.001 per share, of the Company at a price of
- $4.00 — per share, of the Company at a price of $4.00 per share, as set forth in below table.
- $6.43 — xpiring May 14, 2029 and exercisable at $6.43 per share, to purchase 152,460 shares o
- $4 — the Holder. TII Jet Services LDA NA $4 per share/NA Item 9.01. Financial Sta
Filing Documents
- ea0207265-8ka1_nutri.htm (8-K/A) — 32KB
- ea020726501ex10-34_nutri.htm (EX-10.34) — 26KB
- 0001213900-24-049007.txt ( ) — 275KB
- ntrb-20240514.xsd (EX-101.SCH) — 3KB
- ntrb-20240514_def.xml (EX-101.DEF) — 26KB
- ntrb-20240514_lab.xml (EX-101.LAB) — 36KB
- ntrb-20240514_pre.xml (EX-101.PRE) — 25KB
- ea0207265-8ka1_nutri_htm.xml (XML) — 5KB
02. Unregistered Sales of Equity Securities
Item 3.02. Unregistered Sales of Equity Securities . Issuance of Stock Upon Conversion of Outstanding Note Pursuant to a Conversion Agreement dated May 14, 2024, TII Jet Services LDA (the "Holder") agreed to convert $300,000 of the outstanding principal and accrued interest as of May 14, 2024, of the Creditline Promissory Note of the Company held by Holder ( as amended and restated as of July 13, 2023, the "Note"), into 76,230 shares of Common Stock, par value $0.001 per share, of the Company at a price of $4.00 per share, as set forth in below table. The Current Report on Form 8-K filed by the Company with the SEC on May 21, 2024, omitted the description of the common stock purchase warrants (the "Warrants"), expiring May 14, 2029 and exercisable at $6.43 per share, to purchase 152,460 shares of common stock, issued to the Holder in connection with the conversion of $300,000 of outstanding principal of and accrued interest on the Note. The amended Conversion Agreement, dated May 22, 2024, is attached as Exhibit 10.34 to this Current Report. Date Title and Amount (1) Purchaser Principal Underwriter Total Offering Price/
Underwriting
Underwriting Discounts December 27, 2023 76,230 shares of common stock issued upon conversion of $300,000 of the outstanding principal amount of the convertible Note of the Company held by TII Jet Services LDA; as a part of the conversion in addition to the conversion shares, five-year Warrants to purchase 152,460 shares of Common Stock, at an exercise price of $6.43 per share were issued to the Holder. TII Jet Services LDA NA $4 per share/NA
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (c) Exhibits. Exhibit Number Description 10.34 Amendment to Note Conversion Agreement dated May 22, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 1
SIGNATURES
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 THEREUNTO DULY AUTHORIZED. NUTRIBAND, INC. Date: June 3, 2024 By: /s/ Gareth Sheridan R: Gareth Sheridan Chief Executive Officer 2