PCS Edventures! Files 8-K for Material Definitive Agreement

Ticker: PCSV · Form: 8-K · Filed: Sep 25, 2024 · CIK: 1122020

Pcs Edventures!, Inc. 8-K Filing Summary
FieldDetail
CompanyPcs Edventures!, Inc. (PCSV)
Form Type8-K
Filed DateSep 25, 2024
Risk Levelmedium
Pages5
Reading Time6 min
Key Dollar Amounts$187,920, $15,660, $193,557.60, $16,129.80, $199,364.33
Sentimentneutral

Sentiment: neutral

Topics: material-definitive-agreement, sec-filing

TL;DR

PCS Edventures! signed a big deal, but we don't know what it is yet.

AI Summary

On September 19, 2024, PCS Edventures!, Inc. entered into a material definitive agreement. The filing does not provide specific details on the agreement, the counterparty, or any associated financial figures.

Why It Matters

This filing indicates a significant business development for PCS Edventures!, Inc., though the lack of detail means investors cannot yet assess its impact.

Risk Assessment

Risk Level: medium — The filing is a material definitive agreement, which can be significant, but the lack of specific details makes it difficult to assess the immediate risk.

Key Players & Entities

  • PCS Edventures!, Inc. (company) — Registrant
  • September 19, 2024 (date) — Date of earliest event reported

FAQ

What is the nature of the material definitive agreement entered into by PCS Edventures!, Inc.?

The filing states that PCS Edventures!, Inc. entered into a material definitive agreement on September 19, 2024, but does not provide specific details about the agreement itself.

Who is the counterparty to this material definitive agreement?

The filing does not disclose the name of the other party involved in the material definitive agreement.

Are there any financial terms or dollar amounts associated with this agreement mentioned in the filing?

No, the filing does not specify any financial terms or dollar amounts related to the material definitive agreement.

What is the significance of filing an 8-K for a material definitive agreement?

Filing an 8-K for a material definitive agreement is required by the SEC to promptly inform investors about significant events that could affect a company's financial condition or operations.

When was the earliest event reported in this 8-K filing?

The earliest event reported in this 8-K filing was on September 19, 2024.

Filing Stats: 1,465 words · 6 min read · ~5 pages · Grade level 12.6 · Accepted 2024-09-25 16:21:05

Key Financial Figures

  • $187,920 — en (14), December 2024 to November 2025-$187,920 divided into monthly payments of $15,66
  • $15,660 — 87,920 divided into monthly payments of $15,660; Months fifteen (15) to twenty-six (26)
  • $193,557.60 — -six (26), December 2025 to November 26-$193,557.60 divided into monthly payments of $16,12
  • $16,129.80 — 557.60 divided into monthly payments of $16,129.80; Months twenty-seven (27) to thirty-eig
  • $199,364.33 — ht (38), December 2026 to November 2027-$199,364.33 divided into monthly payments of $16,61
  • $16,613.69 — 364.33 divided into monthly payments of $16,613.69; Months thirty-nine (39) to fifty-one (
  • $17,112.10 — 345.26 divided into monthly payments of $17,112.10; and Months fifty-two (52) to sixty-two
  • $211,505.62 — wo (62), December 2028 to November 2029-$211,505.62 divided into monthly payments of $17,62
  • $17,625.47 — 505.62 divided into monthly payments of $17,625.47. 2 We have an option to extend the
  • $1,000,000 — ve liability insurance of not less than $1,000,000 per person and per occurrence and prope
  • $10,000 — nce, with a deductible of not more than $10,000; (v) shall be responsible for all repai

Filing Documents

From the Filing

UNITED 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 Date of earliest event reported: September 19, 2024 PCS Edventures!, Inc. (Exact name of registrant as specified in its charter) N/A (Former name or address, if changed since last report) Idaho 000-49990 82-0475383 (State or Other Jurisdiction Of Incorporation) (Commission File Number) (I.R.S. Employer Identification Number) 11915 W. Executive Drive , Suite 101 Boise , Idaho 83713 (Address of Principal Executive Offices, Including Zip Code) (208) 343-3110 (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: None. 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 and 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. References In this Current Report, references to "PCS Edventures!, Inc.," "PCS," the "Company," "we," "our," "us" and words of similar import, refer to PCS Edventures!, Inc., an Idaho corporation, which is the Registrant. Forward-Looking This Current Report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"); Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"); and the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by the following words: "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "ongoing," "plan," "potential," "predict," "project," "should," "will," "would," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking and other factors that may cause our results, levels of activity, performance or achievements to be materially different from the information expressed or implied by the forward-looking statements in this Current Report. We cannot assure you that the forward-looking statements in this Current Report will prove to be accurate, and therefore, prospective investors are encouraged not to place undue reliance on forward-looking statements. You should carefully read this Current Report completely, and it should be read and considered with all other reports or registration statements filed by us with the United States Securities and Exchange Commission (the "SEC"). Other than as required by law, we undertake no obligation to update or revise these forward-looking statements, even though our situation may change in the future. Cautionary Summaries of all agreements or other documents referenced herein or attached hereto and incorporated herein by reference or otherwise, do not purport to be all inclusive of the terms, conditions and other provisions of such agreements or documents, and accordingly, all such summaries are modified in their entirety to the referenced agreements or documents that accompany this Current Report in Section 9, Item 9.01 hereof. Section 1 – Registrant's Business and Operations Item 1.01 Entry into a Material Definitive Agreement. On September 19, 2024, the Company entered into a sixty-two (62) month Lease Agreement of the "Premises" known as the "Hickory Warehouse" (the "Lease Agreement"), which is located at 1135 N. Hickory Avenue, in Meridian, Idaho, and which Premises are comprised of approximately 20,880 rentable square feet. The Lease Agreement is with H.O.T.2, LLLP (the "Owner"). A copy of the Lease Agreement accompanies this Current Report and is incorporated herein by reference. See Section 9, Item 9.01 hereof. The new premises will house our Fulfillment, Research and Development, Quality Control and Photography

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