SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 19, 2020
Solei Systems, Inc.
(Exact name of registrant as specified in its charter)
(state or other jurisdiction
|(Commission File Number)||
206 N. Washington Street, Suite 100, Alexandria, VA 22314
(address of principal executive offices) (zip code)
(registrant’s telephone number, including area code)
(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):
|☐||Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)|
|☐||Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)|
|☐||Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))|
|☐||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(b) of the Act: None
|Title of each Class||Trading Symbol||Name of each exchange on which registered|
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 x
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. x
Item 7.01 Regulation FD Disclosure.
On March 25, 2020, the Company issued a press release to announce plans to change our name from Solei Systems, Inc. to CareClix Holdings, Inc.
The CareClix brand is already closely associated with the telemedicine industry through our wholly owned subsidiary, CareClix, Inc. Management believes the CareClix name has greater name recognition which is an important factor for an emerging growth company. The company’s business model is focused on telemedicine and the CareClix brand is well respected among our strategic core customers: physicians, hospitals, and medical services providers.
Previously, on March 19, 2020, the Company filed a Schedule Pre 14(c) to begin the process to change the name (and to change the trading symbol from SOLI to CLXH or another symbol which closely relates to the new proposed name.) The name change cannot take effect unless and until it is approved by FINRA. SOLI intends to apply to FINRA for review and seeking approval of the proposed name change after ten days has elapsed following the filing of its Schedule Pre-14C, which was posted to SEC.gov on March 19, 2020.
In accordance with General Instruction B.2 of Form 8-K, the information set forth herein and in Exhibit 99.1 hereto are deemed to be “furnished” and shall not be deemed to be “filed” for purposes of the Exchange Act. The information set forth in Item 7.01 of this Current Report on Form 8-K shall not be deemed an admission as to the materiality of any information in this Current Report on Form 8-K that is required to be disclosed solely to satisfy the requirements of Regulation FD.
This release may contain certain forward-looking statements regarding our prospective performance and strategies within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and are including this statement for purposes of said safe harbor provisions. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations of our company, are generally identified by use of words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” “project,” “seek,” “strive,” “try,” or future or conditional verbs such as “could,” “may,” “should,” “will,” “would,” or similar expressions. Our ability to predict results or the actual effects of our plans or strategies is inherently uncertain. Accordingly, actual results may differ materially from anticipated results. Some of the factors that could cause our actual results to differ from our expectations or beliefs include, without limitation, the risks discussed from time to time in our filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Except as required by applicable law or regulation, we undertake no obligation to update these forward-looking statements to reflect events or circumstances that occur after the date on which such statements were made.
Item 9.01 Financial Statements and Exhibits.
|99.1||Press Release dated March 25, 2020|
In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
|SOLEI SYSTEMS, INC.|
|Date: March 25, 2020||/s/ Charles O. Scott|
Charles O. Scott, Chairman and Chief Executive Officer
SOLEI SYSTEMS ANNOUNCES PLANS TO CHANGE NAME TO CARECLIX HOLDINGS
March 25, 2020 - Alexandria, VA — Solei Systems, Inc. (OTC SOLI) announces it has filed a Schedule Pre 14(c) to begin the process to change its corporate name to CareClix Holdings, Inc. on March 19, 2020.
Company management believes the CareClix name has greater name recognition which is an important factor for an emerging growth company. Also, the CareClix brand is already closely associated with the telemedicine industry. The company’s business model is focused on telemedicine and the CareClix brand is well respected among our strategic core customers: physicians, hospitals, and medical services providers. The company also will request a symbol change from SOLI to a symbol more closely aligned with its new corporate name.
According to company president, Josh Flood, “The name change is something management has desired for 11 months. It became a higher priority after a recent meeting at CareClix between management and a managing partner of a top 5 Wall Street investment bank. The banker, and his firm, have been following CareClix since 2018, yet he was unaware that CareClix was a wholly-owned subsidiary of a publicly traded company named Solei Systems. He literally asked us for the name of the symbol.”
The board of directors is acutely aware of the role Wall Street must play in order for the company to actualize its ambitious growth goals. Upon hearing the aforementioned story, they subsequently voted unanimously for the name change. The board of directors and majority shareholder believe the net impact of the name change will be positive for all stakeholders. Management, sales, and marketing divisions welcome the name change, especially considering the enormous amount of media attention the CareClix name has received as a result of leading the narrative on the essential role of telemedicine in the global healthcare strategy of social distancing and voluntary isolation.
The name and symbol change cannot take effect unless and until it is approved by FINRA. SOLI intends to apply to FINRA for review and approval of the proposed name and symbol change after ten days has elapsed following the filing of its Schedule Pre-14C, which was posted to SEC.gov on March 19, 2020. FINRA’s review process is expected to take at least a few weeks, and SOLI will provide further updates when available.
CareClix is a leading virtual telehealth platform. The company provides software applications coupled with medical services enabling patients to receive care anytime at anyplace. CareClix’s suite of services is transforming the way hospitals, doctors, and clinical care providers can interact with an increasing number of patients. Trusted by some of the best names in healthcare, CareClix has an established track record of success partnering with organizations and customers. More than 20 million individuals in the U.S. in over 60 countries are currently utilizing CareClix’s services. CareClix Inc. is a wholly-owned subsidiary of Solei Systems Inc. (OTC: SOLI). Learn more about CareClix by visiting our website: www.careclix.com.
Solei Systems, Inc. is a fully reporting, fully audited public holding company in the health and wellness field with its primary focus on telemedicine. Currently, Solei Systems, Inc is comprised of two wholly owned subsidiaries: CareClix, Inc. and Clinical & Herbal Innovations, Inc www.soleihealth.com
Cautionary Statement Regarding Forward-Looking Information
This press release may contain certain "forward-looking statements" relating to the business of Solei Systems Inc, and its wholly owned subsidiary CareClix, Inc. All statements, other than statements of historical fact included herein are "forward-looking statements." These forward-looking statements are often identified using forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although Solei Systems, Inc believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Even if a Name and Symbol Change is affected, some or all of the expected benefits discussed above may not be realized or maintained. The market price of our Common Stock will continue to be based, in part, on our performance and other factors unrelated to the Company s name and trading symbol. Solei Systems, Inc’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Solei's periodic reports that are filed with the Securities and Exchange Commission and available on its website (www.sec.gov). All forward-looking statements attributable to Solei Systems or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
Solei Systems, Inc
206 N. Washington St. Suite 100
Alexandria, VA 22314
T: (703) 832-4473