Attached files
| file | filename |
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| EX-10.2 - AMENDEMENT TO PROMISSORY NOTE DATED APRIL 3, 2018 - Rekor Systems, Inc. | cedarviewamendment1tonote.htm |
| EX-10.1 - AMENDMENT TO PROMISSORY NOTE DATED MARCH 16, 2016 - Rekor Systems, Inc. | avonroadamendment1tonote2.htm |
UNITED
STATES
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
Date of Report
(Date of earliest event reported): October 23, 2018
____________________
NOVUME SOLUTIONS, INC.
(Exact name of
registrant as specified in its charter)
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Delaware
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000-55833
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81-5266334
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(State or Other
Jurisdiction
of
Incorporation)
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(Commission File
Number)
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(IRS
Employer
Identification
No.)
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14420 Albemarle Point Place, Suite 200,
Chantilly, VA, 20151
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(Address of
Principal Executive Offices)
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Registrant's
Telephone Number, Including Area Code: (703) 953-3838
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Check the
appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:
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☐ Written
communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
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☐ Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
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☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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Indicate by check mark whether the registrant is an emerging
growth company as defined in Rule 405 of the Securities Act of
1933 (§230.405 of this chapter) or Rule 12b-2 of the
Securities Exchange Act of 1934 (§240.12b-2 of this
chapter)
Emerging Growth
Company
☐
If
an emerging growth company, indicate
by check mark if the registrant has elected not to use the extended
transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the
Exchange Act. ☐
1
Item 1.01. Entry into a
Material Definitive Agreement.
On
October 23, 2018, Novume Solutions, Inc. (the
“Company”), a Delaware company, entered into a note
amendment with Debbie Neukrug-Berman. Pursuant to the note
amendment, the outstanding promissory note of the Company, dated
March 16, 2016, in the aggregate principal amount of $500,000 and
held by Debbie Neukrug-Berman was amended to extend the maturity
date to March 16, 2020.
On October 24, 2018, the Company and the Company’s wholly
owned subsidiary Brekford Traffic Safety, Inc. ("Brekford") entered
into a note amendment with Cedarview Opportunities Master Fund, LP
(“Cedarview”). Pursuant to the note amendment, the
outstanding promissory note of the Company and Brekford, dated
April 3, 2018, in the aggregate principal amount of $2,000,000 held
by Cedarview, was amended to extend the maturity date of the note
to April 1, 2020. The amendment
further provides for the payment of interest through May 1, 2019 if
the principal is repaid before May 1, 2019 and for the payment of
interest through May 1, 2020 if the principal is repaid after May
1, 2019 and before May 1, 2020.
The amendment further provides that for payment of interest through
May 1, 2019 if the principal is repaid before May 1, 2019 and
payment of interest through May 1, 2020 if the principal is repaid
before May 1, 2020.
The
foregoing descriptions of the notes referred to above do not
purport to be complete and are qualified in their entirety by
reference to the Amendment to Promissory Notes, copies of which are
attached to this Current Report on Form 8-K as Exhibits 10.1 and
10.2 respectively and incorporated into this Item by
reference.
Item 2.03. Creation of a Direct Financial Obligation or an
Obligation under an Off-Balance Sheet Arrangement of a
Registrant.
The
information contained in Item 1.01 is hereby incorporated herein by
reference.
Item 9.01. Financial Statements and Exhibits.
(d)
Exhibits.
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Exhibit
No.
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Description
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Amendment to
Promissory Note dated March 16, 2016 (1)
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Amendment to
Promissory Note dated April 3, 2018 (1)
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(1)
Filed herewith.
2
SIGNATURE
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 hereunto duly authorized.
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Novume
Solutions, Inc.
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(Registrant)
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Date: October 24,
2018
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/s/ Robert A.
Berman
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Name:
Robert A. Berman
Title:
Chief Executive Officer
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