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 28, 2016
Date of Report
(Date of Earliest Event Reported)
LEGALL HOLDINGS INC.
(Exact Name of Registrant as Specified in its Charter)
GARNET ISLAND ACQUISITION CORPORATION
(Former Name of Registrant as Specified in its Charter)
Delaware 000-55636 81-2355761
(State or other (Commission File Number) (IRS Employer
jurisdiction of incorporation) Identification No.)
2215 North Wood Avenue
Linden, New Jersey 07036
(Address of principal executive offices) (zip code)
908-448-1222
(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 29, 2016, LeGall Holdings Inc. (formerly Garnet
Island Acquisition Corporation) (the "Registrant" or the "Company")
issued 5,000,000 shares of its common stock pursuant to Section 4(2) of
the Securities Act of 1933 at par representing 90.9% of the total
outstanding 5,500,000 shares of common stock as follows:
Portia R. LeGall 3,750,000
Terrence G. LeGall 650,000
Tara P. LeGall 500,000
Terrence G. M. LeGall 100,000
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 28, 2016, 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 $1950.
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
May 2, 2016 as amended and supplemented by the information contained in
this report.
The Registrant anticipates that it will develop, through acquisition of
existing businesses or development of its business plan, a global restaurant
brand focusing on vegetarian, vegan and healthy Caribbean and American
cuisine in a casual dining setting. The restaurant will offer speciality
beverages from around the world and will offer catering and rental use for
private parties. The Company anticipates that the restaurant will help
promote and educate customers to the benefits of a healthy diet.
ITEM 5.02 Departure of Directors or Principal Officers;
Election of Directors
On September 28, 2016 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.
Terrence G. LeGall and Portia R. LeGall were named directors of the
Registrant.
The following persons were appointed to the offices of the Registrant:
Portia R. LeGall co-Chief Executive Officer,
Secretary and Treasurer
Terrence G. LeGall co-Chief Executive Officer
Tara P. LeGall Vice President of marketing.
Portia R. LeGall serves as co-Chief Executive Officer, Secretary and
Treasurer of the Registrant. From 2011 to the present, Ms. LeGall has been
the CEO of a consulting firm in fashion, make overs and relationship
counseling. Since 2003 Ms. LeGall has also served as a gospel singer and
event host. From 2013 to 2015 she was the co-host of an Internet radio show
about money and relationships. Since 2003, Ms. LeGall has been involved in
charitable activities at Abundant Life Family Worship Church and Morning Star
Community Church.
Terrence G. LeGall serves as co-Chief Executive Officer of the Registrant.
Since 2011 to the present, Mr.LeGall has served as CEO of the LeGall Group,
a consulting organization. Since 2011, he has served as a consultant to
Abundant Life Family Worship Church and others. From 2013 to 2015 he was
the co-host of an Internet radio show about money and relationships.
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.
LEGALL HOLDINGS INC.
Date: September 28, 2016 /s/ Portia R. LeGall
Chief Executive Office
