Attached files
file | filename |
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EX-10.2 - FORM OF WARRANT - Odyssey Group International, Inc. | odyssey_8k-ex1002.htm |
EX-10.1 - CONVERTIBLE PROMISSORY NOTE - Odyssey Group International, Inc. | odyssey_8k-ex1001.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
February 19, 2020
Date of Report (Date of earliest event reported)
ODYSSEY GROUP INTERNATIONAL, INC.
(Exact name of registrant as specified in its charter)
333-200785
(Commission File Number)
Nevada | 47-1022125 |
(State or other jurisdiction of incorporation) | (I.R.S. Employer Identification No.) |
2372 Morse Ave., Irvine, CA | 92614 |
(Address of principal executive offices) | (Zip Code) |
(619) 832-2900
(Registrant’s telephone number, including area code)
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 (see General Instruction A.2. below):
o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(g) of the Act:
Title of each Class | Trading Symbol | Name of each exchange on which registered |
Common Stock ($0.001 par value) | ODYY | OTC |
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. ¨
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
On February 19, 2020, February 26, 2020, Odyssey Group International, Inc., (“the Company”) entered into several convertible promissory note agreements with accredited investors for an aggregate total of $140,000. The notes bear interest at 7.0% annually and mature automatically. The entire outstanding principal amount, together with accrued interest shall become due and payable on the date that is one (1) year from the date of issuance, unless converted, at the option of the holder, into shares of capital stock of the Company at one dollar ($1.00) per share or at a 10% discount to the market price on the date of conversion, whichever is lower. Warrants equal to 10% of the shares purchased were issued to the note holders. The price of the warrant is one dollar and fifty cents ($1.50) per share and the term is for one year from the investment date.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit Number | Description |
10.1 | Form of Convertible Promissory Note |
10.2 | Form of Warrant |
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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 hereunto duly authorized.
ODYSSEY GROUP INTERNATIONAL, INC. | ||
Date: March 11, 2020 |
By: | /s/ Joseph Michael Redmond |
Name: Joseph Michael Redmond | ||
Title: Chief Executive Officer | ||
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