Search the web
Welcome, Guest
[Sign Out, My Account]

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
QFOR > SEC Filings for QFOR > Form 8-K on 3-Jan-2014All Recent SEC Filings

Show all filings for QUADRANT 4 SYSTEMS CORP



Unregistered Sale of Equity Securities, Financial Statements and Exhibits

ITEM 3.02: Unregistered Sales of Equity Securities.

On December 23, 2013, the Company received notice of election by certain holders of warrants totaling One Million, Twenty Thousand Dollars ($1,020,000) which were being tendered in exchange for the issuance of shares of common stock. Pursuant to such exercise, effective December 30, 2013, the Company sold (issued) 1,700,000 shares of its common stock. All recipients of common stock are believed to be accredited investors and no shares were issued to any other parties other than holders of the warrants. The Company has been contacted by other holders of warrants seeking to convert and anticipates additional notices to convert; additionally, the Company has contacted certain other holders of convertible debt and warrants about negotiated conversions in an effort to improve the Company's balance sheet. All stock to be issued to current warrant-holders will be unregistered securities. The Company intends to convert or negotiate approximately $5,400,000 of liabilities which will involve both conversions of debt in exchange for issued shares of stock to be subject to lock-up agreements up to 24 months and negotiated reductions of outstanding liabilities by discounted cash payments.


Financial statements of business acquired - Not required;

Pro forma financial information - Not required;

Shell Company Transactions - Not required;

Exhibits - None;

  Add QFOR to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for QFOR - All Recent SEC Filings
Copyright © 2015 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.