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CLNT > SEC Filings for CLNT > Form 8-K on 21-Jun-2013All Recent SEC Filings

Show all filings for CLEANTECH SOLUTIONS INTERNATIONAL, INC., | Request a Trial to NEW EDGAR Online Pro



Entry into a Material Definitive Agreement, Regulation F

Item 1.01 Entry Into a Material Definitive Agreement.

On June 18, 2013, the Company entered into stock purchase agreements dated June 17, 2013 pursuant to which the Company sold a total of 428,398 shares of common stock at a purchase price of $4.50 per share. The shares were sold pursuant to a prospectus supplement dated June 18, 2013 to the Company's registration statement on Form S-3. The Company did not engage a placement agent with respect to the sale. The Company paid a fee of 10% and a non-accountable expense allowance of 2%, for a total of $154,745, to Fernando Liu with respect to sales made to investors introduced to the Company by Mr. Liu who are not U.S. Persons. The net proceeds received by the Company from the sale of the shares were $1,767,546. The Company will use the proceeds for working capital and other general corporate purposes. A copy of the form of stock purchase agreement is filed as Exhibit 99.1, and a copy of the press release relating to the sale is filed as Exhibit 99.2

Item 7.01 Regulation FD Disclosure.

On June 20, 2013, the Company issued a press release stating that the Company has received $2.0 million in orders for its air flow dyeing machines. A copy of the press release is included as Exhibit 99.3.

In accordance with General Instruction B.2 of Form 8-K, the information in Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference into any of the Company's filings under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, whether made before or after the date hereof and regardless of any general incorporation language in such filings, except to the extent expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

99.1 Form of stock purchase agreement for the sale of shares pursuant to the prospectus supplement.
99.2 Press release issued on June 21, 2013 relating to the sale of shares.
99.3 Press release issued on June 20, 2013 relating to the order for air flow dyeing machines.

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