Current Report Filing (8-k)
May 06 2019 - 9:14AM
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): May 6, 2019 (May 2, 2019)
Moxian,
Inc.
(Exact
name of registrant as specified in its charter)
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Nevada
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000-55017
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27-3729742
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(State
or other jurisdiction of incorporation)
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(Commission
File Number)
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(IRS
Employer
Identification Number)
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Units
B & C, 9/F, Block D Fuhua Tower 8 Chaoyangmen North Street Dongcheng District,
Beijing
100027 Peoples’ Republic of China
(address
of principal executive offices) (zip code)
Tel:
+86 (010) 5332 0602
(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):
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[ ]
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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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Indicate
by check mark whether the registrant is an emerging growth company as defined in 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. [ ]
Securities
registered pursuant to Section 12(b) of the Act:
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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
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MOXC
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Nasdaq
Capital Market
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ITEM 1.01
ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
Moxian,
Inc. (the “Registrant” or the “Company”) has reached an agreement with all three of its loan creditors
regarding settlement of their loans to the Company which totaled $7,323,438 outstanding as of May 2, 2019. Under the agreements
as of May 2, each of the loan creditors, Liu Shu Juan, Shenzhen Bayi Consulting Co. Ltd and Vertical Venture Capital Group Limited,
all of which are unrelated parties, will write off 85% of the amounts due from the Company, and the Registrant will plan to issue
a total of 720,000 new shares of common stock, par value $0.001, to those creditors as full and complete settlement of the outstanding
loans. These new shares will be restricted securities and shall represent fewer than 6% of the total number of outstanding
shares of the Registrant’s common stock. When the transactions are completed, the Company will report an improvement in
the shareholders’ equity of $7,323,438 and the total liabilities of the Company will be reduced by the corresponding same
amount.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.
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MOXIAN,
INC.
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Date:
May 6, 2019
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By:
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/s/
Hao Qing Hu
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Name:
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Hao
Qing Hu
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Title:
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Chief
Executive Officer
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