Current Report Filing (8-k)
August 26 2020 - 06:47AM
Edgar (US Regulatory)
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): August 25,
2020
JANONE INC.
(Exact Name of Registrant as Specified in Charter)
Nevada
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000-19621
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41-1454591
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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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325 E. Warm Springs Road, Suite 102
Las Vegas, NV 89119
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(Address of Principal Executive Offices and Zip Code)
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Registrant’s telephone number, including area code:
702-997-5968
(Former Name or Former Address, if Changed Since Last Report)
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):
☐
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Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
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☐
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
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☐
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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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☐
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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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Securities registered pursuant to Section 12(b) of the Act:
Title of each class
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Trading
Symbol(s)
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Name of each exchange on which registered
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Common Stock, $0.001 par value per share
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JAN
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The NASDAQ Stock Market LLC
(The NASDAQ Capital Market)
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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.
☐
Item
7.01.Regulation FD
Disclosure
On August 25, 2020, representatives from JanOne Inc. (the
“Company”) held a conference call to discuss drug candidate JAN101
for the treatment of peripheral artery disease and potential
applications for Covid-19 vascular
complications. A transcript of the conference call is
furnished as Exhibit 99.1 to this Current Report on Form
8-K.
During the question and answer session of the conference call, Tony
Isaac, the Company’s Chief Executive Officer, was asked about the
Company’s cash situation and cash burn. Mr. Isaac
responded that the Company’s legacy assets (including ARCA
Recycling, Inc., which operates the Company’s recycling business
(“ARCA Recycling”)) generate profit and revenue. A
follow-up question to Mr. Isaac was whether “are you profitable
presently,” to which Mr. Isaac responded, “Yes, we
are.” The Company hereby clarifies that Mr. Isaac, in
reliance upon the advice of the Company’s Chief Financial Officer,
based his response on his immediately prior reference to the
Company’s legacy assets and was specifically referring to the fact
that, during the “present” period commencing on June 28, 2020, the
first day of the Company’s current quarter, through August 25,
2020, ARCA Recycling has been profitable on a stand-alone basis,
excluding corporate overhead and other corporate allocations.
This information shall not be deemed “filed” for purposes of
Section 18 of the Securities Exchange Act of 1934, as amended (the
“Exchange Act”), or incorporated by reference in any filing under
the Securities Act of 1933, as amended, or the Exchange Act whether
made before or after the date of this report, except as shall be
expressly set forth by specific reference in such a filing.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, we have duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
JanOne Inc.
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By:
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/s/ Virland A. Johnson
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Name: Virland A. Johnson
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Title: Chief Financial Officer
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Dated: August 26, 2020
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