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
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Date of Report (Date of earliest event reported):
October 3, 2023
NATE’S FOOD CO. |
(Exact name of registrant as specified in its charter) |
Colorado
(State or other jurisdiction of incorporation)
000-52831 |
| 46-3403755 |
(Commission File No.) |
| (IRS Employer Identification No.) |
15151 Springdale Huntington Beach, California 92649 |
(Address of principal executive offices) (zip code) |
(650) 222-5141 |
(Registrant’s telephone number, including area code) |
Not Applicable
(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:
☐ | 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)) |
Item 8.01 Other Events.
| (a) | We will be issuing a press release titled “Nate's Food Co Successfully Completes Cancellation of 1 Billion Common Shares, Paving the Way for a Bright Future”, which press release is attached hereto as Exhibit 99.1. |
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| (b) | We have received inquiries regarding JP Energy Partner's progress in meeting the banking and financing prerequisites for the sugar transaction, as previously disclosed. To streamline communication, we have opted to address these queries in a single response. |
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| JP Energy has informed us that they have obtained a standby letter of credit from the buyer, but they are now in the process of securing their own standby letter of credit to complete the transaction in its entirety. Additionally, JP Energy has indicated that they have received verbal approval from a bank for their standby letter of credit. However, they anticipate it will take approximately 2-4 weeks to finalize the necessary paperwork and details with that bank. |
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| It's important to note that we do not possess any information beyond what has been shared by JP Energy. Consequently, we cannot provide a specific timeline or guarantee regarding when JP Energy will successfully secure the required financial arrangements. It is worth noting that shipments under the disclosed sugar contract cannot commence until JP Energy has finalized and obtained the standby letter of credit from the bank. |
The information in this Current Report on Form 8-K with respect to Item 8.01 (including the press release attached hereto as Exhibit 99.1) is being furnished pursuant to Item 8.01 of Form 8-K and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (“Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act. This current report on Form 8-K (including Exhibit 99.1) will not be deemed an admission as to the materiality of any information contained herein.
Item 9.01 Financial Statements and Exhibits.
| Press Release announcing filing of Amendment to Articles of Incorporation, |
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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.
| Nate’s Food Co. |
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Dated: October 3, 2023 | By: | /s/ Nate Steck |
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| Name: Nate Steck Title: CEO |
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EXHIBIT 99.1
Nate's Food Co Successfully Completes Cancellation of 1 Billion Common Shares, Paving the Way for a Bright Future
Huntington Beach, California, October 3, 2023 – Nate's Food Co (OTC: NHMD) is thrilled to announce a significant milestone in its corporate journey – the successful cancellation of 1 billion common shares, marking a substantial 27% reduction in the total number of issued and outstanding shares. This strategic move was previously authorized by our officers and directors, as disclosed in an 8-K filing with the Securities and Exchange Commission (SEC).
The official 8-K filing can be accessed directly via this link: NHMD 8-K Filing.
This momentous event is a crucial part of Nate's Food Co's overarching strategy, closely tied to our forthcoming acquisition of JP Energy Partners. This acquisition represents a pivotal juncture in our company's leadership and management, as it sets the stage for the alignment of our vision with the exploration of previously untapped markets and the relentless pursuit of operational excellence.
At Nate's Food Co, we are dedicated to driving long-term value for our shareholders, and this cancellation of common shares exemplifies our commitment to strategic decision-making and sustainable growth. We remain steadfast in our mission to deliver quality products and services, while simultaneously expanding our horizons to reach new heights.
Nate's Food Co is a forward-thinking company dedicated to providing high-quality food products and services. With a focus on innovation and growth, we continually seek opportunities to enhance shareholder value while exploring new markets and optimizing our operations. Our recent achievements, including the cancellation of 1 billion common shares, exemplify our commitment to excellence and sustainable success.
JP Energy Group: JP Energy Group is a pioneering Food Jobber Company, founded with a mission to supply superior food products from South America to Asia. With a strong dedication to quality and growth, JP Energy Group is poised to make a substantial impact on the global food distribution landscape.
Certain statements in this release constitute forward-looking statements. These statements include the capabilities and success of the Company's business and any of its products, services or solutions. The words "believe," "forecast," "project," "intend," "expect," "plan," "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors, any of which could cause the Company to not achieve some or all of its goals or the Company's previously reported actual results, performance (finance or operating) to change or differ from future results, performance (financing and operating) or achievements, including those expressed or implied by such forward-looking statements. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company's filings with the SEC, copies of which may be obtained from the SEC's website at www.sec.gov. The Company assumes no, and hereby disclaims any, obligation to update the forward-looking statements contained in this press release.
Revenue related calculations. Please note that the Company believes that any revenue related calculations are accurate and based on factual information, there can be no assurance that the Company will be able to achieve all projections due to number of business-related factors, such as power pricing, mining equipment availability, bitcoin mining difficulty, bitcoin market pricing and other unforeseen issues in deploying its mining rigs. You can view update information on Bitcoin Mining by visiting https://alloscomp.com/bitcoin/calculator.