SOLLENSYS CORP. (Form: 8-K, Received: 08/12/2020 12:28:42)

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): August 11, 2020

SOLLENSYS CORP.

(Exact name of registrant as specified in its charter)

Nevada		333-174581		80-0651816
(State or other jurisdiction of incorporation or organization)		(Commission File Number)		(IRS Employer Identification No.)

2475 Palm Bay Rd NE, Suite 120

(Address of principal executive offices)

(Registrant’s telephone number, including area code)

185 Avenue of the Americas, 3rd Floor

New York, New York 10036

(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:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
N/A		N/A		N/A

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 8.01. Other Events.

On August 11, 2020, Sollensys Corp. (the “Company”) issued a press release announcing the closing of the Stock Purchase Agreement and the appointment of Donald Beavers as the Company’s Chief Executive Officer, as disclosed in the Company’s Current Report on Form 8-K filed on August 11, 2020. The description of the Stock Purchase Agreement and the appointment of Donald Beavers contained therein is incorporated by reference. The press release also provided information on the business plans of the Company going forward under its new management.

The foregoing description of this press release is qualified in its entirety by reference to the press release itself, attached hereto as Exhibit 99.1 and incorporated herein by reference. The information contained in any websites referenced in Exhibit 99.1 is not a part of this current report on Form 8-K.

Item 9.01 Financial Statements and Exhibits.

Exhibit		Description

99.1		Press Release of Sollensys Corp. dated August 11, 2020

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this amended report to be signed on its behalf by the undersigned hereunto duly authorized.

	SOLLENSYS CORP.


Dated: August 12, 2020	By:	/s/ Donald Beavers
		Donald Beavers Chief Executive Officer

Sollensys Corp. Announces Change of Control

'Management proceeds with business building upon existing data platform'

Palm Bay, Fla., August 11, 2020 (Issuer Direct) -- Sollensys Corp. (US OTC PINK: SOLS)

Sollensys Corp. (the “Company”) is pleased to announce that, on August 5, 2020, Eagle Lake Laboratories, Inc. of Palm Bay Florida (“Eagle Lake”), acquired a majority of the issued and outstanding stock of Company. In connection with the transaction, Donald Beavers, the sole shareholder of Eagle Lake, was named the new Chief Executive Officer of the Company, and a director of the Company, and the prior officer and director of the Company resigned.

New management will be steering the Company towards commercialization of proprietary data platforms as they move away from touch screen manufacturing. The Company expects to generate significant revenue with its innovative flagship product, the Blockchain Archive Server™ that can be utilized to protect client data from ransomware. Blockchain technology is a leading-edge tool for data security, providing an added layer of security against data loss due to malware.

Mr. Beavers stated "We are excited to bring new opportunities to this public company for the benefit of its shareholders. Our core focus is on affordable ready-to-use technology. We provide our data management products to small and large businesses alike. Our blockchain technology is a seamless integration into our client’s existing data platforms.”

ABOUT SOLLENSYS CORP

Previously, Sollensys Corp, through its South Korean subsidiary, designed and manufactured touch panel sensors used in smartphones and computer touch products. New management has taken control of the company with a focus on data management and blockchain systems developed in the United States. (see: www.sollensys.com )

ABOUT EAGLE LAKE LABORATORIES, INC.

Eagle Lake Laboratories, Inc is a Florida based science, technology, and engineering solutions corporation offering products that ensures their clients data integrity through collection, storage, and transmission.

Forward Looking Statements: Certain information in this press release relating to the Company contains forward-looking statements. All statements other than statements of historical facts included herein are forward-looking statements. In some cases, forward-looking statements can be identified by words such as “believe,” “expect,” “anticipate,” “plan,” “potential,” “continue” or similar expressions. Such forward-looking statements include risks and uncertainties, and there are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Readers should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond the Company’s control which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company’s current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. The Company is under no obligation (and expressly disclaim any such obligation) to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.