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
September 14, 2015
Date of Report
(Date of Earliest Event Reported)
POWERCOMM HOLDINGS INC.
(Exact Name of Registrant as Specified in its Charter)
WHITE GROTTO ACQUISITION CORPORATION
(Former Name of Registrant as Specified in its Charter)
Delaware 000-55391 47-3152668
(State or other (Commission File Number) (IRS Employer
jurisdiction Identification No.)
of incorporation)
3429 Ramsgate Terrace
Alexandria, Virginia 22309
(Address of principal executive offices) (zip code)
571-259-8773
(Registrant's telephone number, including area code)
215 Apolena Avenue
Newport Beach, California 92662
(Former Address of Principal Executive Offices)
ITEM 3.02 Unregistered Sales of Equity Securities
On September 15, 2015 PowerComm Holdings Inc. (formerly White
Grotto Acquisition Corporation) (the "Registrant" or the "Company")
issued 20,000,000 shares of its common stock pursuant to Section 4(2)
of the Securities Act of 1933 at par representing 97.5% of the total
outstanding 20,500,000 shares of common stock as follows:
20,000,000 David L. Kwasnik Sr.
With the issuance of the stock and the redemption of 19,500,000 shares
of stock (discussed below), the Company effected a change in its control
and the new majority shareholder(s) elected new management of the Company.
The Company may develop its business plan by future acquisitions or mergers
but no agreements have been reached regarding any acquisition or other business
combination. The Company changed its name as part of the change in control.
If the Company makes any acquisitions, mergers or other business combination,
the Company will file a Form 8-K but until such time the Company remains a
shell company.
ITEM 5.01 Changes in Control of Registrant
On September 14, 2015, the following events occurred which resulted
in a change of control of the Registrant:
1. The Registrant redeemed an aggregate of 19,500,000 of the then
20,000,000 shares of outstanding stock at a redemption price of $.0001 per
share for an aggregate redemption price of $1,950.
2. The then current officers and directors resigned.
3. New officer(s) and director(s) were appointed and elected.
The disclosure required by Item 5.01(a)(8) of Form 8-K was previously filed
with the Securities and Exchange Commission on Form 10-12G filed on March 3,
2015 as amended and supplemented by the information contained in this report.
The Registrant intends to effect to develop a company designed to serve as
a holding company for certain privately owned power transmission, distribution,
telecommunications, fiber optic, cellular communications, excavation, dredging,
gas and oil pipeline, road and bridge, wind and solar, alternative energy,
bio-fuels, and bio-coal construction companies.
ITEM 5.02 Departure of Directors or Principal Officers;
Election of Directors
On September 14, 2015 the following events occurred:
James M. Cassidy resigned as the Registrant's president, secretary
and director.
James McKillop resigned as the Registrant's vice president and
director.
David L. Kwasnik Sr. was named director of the Registrant.
David L. Kwasnik Sr. was appointed Chief Executive Officer and
Treasurer of the Registrant.
David L. Kwasnik Sr. serves as the sole director and officer of the
Registrant. Since 1995, Mr. Kwasnik has served as the president and chief
executive officer of PowerComm Construction, a privately held company. He
has managed and directed all aspects and technological operations, procurement
and project management activities for the company's telecommunications, power
transmission and distribution construction projects.
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 hereunder duly authorized.
POWERCOMM HOLDINGS, INC.
Date: September 15, 2015 /s/ David Kwasnik
Chief Executive Office
