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 6, 2019
Simlatus Corp.
(Exact name of Company as specified in its charter)
| Nevada | 000-53276 | 20-2675800 |
| (State or other jurisdiction | (Commission File Number) | (IRS Employer |
| of Incorporation) | Identification Number) |
|
175
Joerschke Dr., Suite A
|
| (Address of principal executive offices) |
|
Phone: (530) 205-3437 |
| (Company’s Telephone Number) |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Company under any of the following provisions:
| 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)) |
ITEM 8.01 Other Information
Retirement and Settlement of Convertible Debt
The company has settled and retired $400,000 in Convertible Debt with Emunah Funding LLC as follows:
On January 31, 2019, the Company issued to Emunah Funding, LLC a note in the principal amount of $33,000; and as a result of the default, the current principal amount of the Note is $77,800. On July 2, 2019 the Company entered into a Release Agreement and agreed to pre-pay the current balance of the note. Upon the full execution of the Agreement, the Holder released and returned to treasury 40,000,000 shares of common stock (valued at $400,000).
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.
Date: August 6, 2019
Simlatus Corporation
| By: /s/ Richard Hylen |
| Richard Hylen, Chairman and CEO |