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AMPD.OB > SEC Filings for AMPD.OB > Form 8-K/A on 4-Jan-2012All Recent SEC Filings

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Form 8-K/A for AMP HOLDING INC.


4-Jan-2012

Unregistered Sale of Equity Securities


Item 3.02 Unregistered Sales of Equity Securities

AMP Holding Inc. (the "Company") has sold an aggregate of 7,315,799 shares of common stock and common stock purchase warrants (the "Warrants") to acquire 3,657,899 shares of common stock of the Company for an aggregate purchase price of $4,389,500 to accredited investors from May 10, 2011through December 20, 2011. The Warrants are exercisable for two years at an exercise price of $0.80. The closings occurred on the following dates:

· On May 10, 2011, the Company sold 470,833 shares of common stock and Warrants to acquire 235,415 shares of common stock for an aggregate consideration of $282,500.

· On May 25, 2011, the Company sold 3,388,320 shares of common stock and Warrants to acquire 1,694,160 shares of common stock for an aggregate consideration of $2,033,000.

· On June 29, 2011, the Company sold 1,873,316 shares of common stock and Warrants to acquire 936,658 shares of common stock for an aggregate consideration of $1,124,000.

· On September 20, 2011, the Company sold 191,664 shares of common stock and Warrants to acquire 95,832 shares of common stock for an aggregate consideration of $115,000.

· On October 26, 2011, the Company sold 175,000 shares of common stock and Warrants to acquire 87,500 shares of common stock for an aggregate consideration of $105,000.

· On November 22, 2011, the Company sold 1,158,333 shares of common stock and Warrants to acquire 579,167 shares of common stock for an aggregate consideration of $695,000.

· On December 20, 2011, the Company sold 58,333 shares of common stock and Warrants to acquire 29,166 shares of common stock for an aggregate consideration of $35,000.

The shares of common stock and Warrants were offered and sold to the investors in a private placement transaction made in reliance upon exemptions from registration pursuant to Section 4(2) under the Securities Act of 1933 (the "Securities Act") and/or Rule 506 promulgated under the Securities Act. The investors are accredited investors as defined in Rule 501 of Regulation D promulgated under the Securities Act.

In addition, the Company compensated John Carris Investments LLC, as placement agent (the "Placement Agent"), for assisting in the sale of the securities by paying it commissions in the aggregate amount of $376,950 and issued the Placement Agent a common stock purchase warrant to purchase 628,246 shares of the Company's common stock at an exercise price of $0.60 per share.

The foregoing information is a summary of each of the agreements involved in the transactions described above, is not complete, and is qualified in its entirety by reference to the full text of those agreements, each of which is attached an exhibit to this Current Report on Form 8-K. Readers should review those agreements for a complete understanding of the terms and conditions associated with this transaction.

Item 9.01     Financial Statements and Exhibits

Exhibit No.   Description of Exhibit

4.1           Form of Subscription Agreement by and between AMP Holding Inc. and
              Accredited Investors (1)

(1) Incorporated by reference to the Form 8-K Current Report as filed with the Securities and Exchange Commission on May 10, 2011.


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