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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): April 20, 2023

 

Nano Magic Inc.

(Exact name of registrant as specified in its charter)

 

Delaware   001-11602   47-1598792

(State or other jurisdiction of

incorporation or organization)

 

(Commission

File No.)

 

(I.R.S. Employer

Identification No.)

 

31601 Research Park Drive, Madison Heights, MI 48071

(Address of principal executive offices) (Zip Code)

 

(844) 736-6266

(Registrant’s telephone number, including area code)

 

 

Former name or former address, if changed since last report:

 

Title of each class   Trading Symbol   Name of Each Exchange on Which Registered
Common Stock, $0.0001 par value   NMGX   OTC Markets

 

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)
   
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))

 

 

 

 

 

 

Item 7.01 Regulation FD Disclosure

 

On April 21, 2023, the Company issued a press release reporting on progress made in brand development and product placement positioning the Company for growth in 2023 and noting that Company stock is again trading with market makers on the OTC Market and no caveat emptor designation.

 

The information included in Item 7.01 of this Current Report on Form 8-K shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. The information set forth under this Item 7.01 shall not be deemed an admission as to the materiality of any information in this Current Report on Form 8-K.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit No.   Description
     
99.1   Press release of the registrant dated April 21, 2023.
104   Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

 

 

 

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.

 

  Nano Magic Inc.
     
Date: April 21, 2023 By:  /s/ Tom J. Berman
    President & CEO

 

 

 

Exhibit 99.1

 

 

FOR IMMEDIATE RELEASE

 

NANO MAGIC UPDATE

 

Madison Heights, Michigan – April 21, 2023 – Nano Magic, Inc. (OTC: NMGX) (“Nano Magic” or the “Company”), a leader in innovative nanotechnology powered cleaning, protection, and anti-fog solutions provided an update from President & CEO Tom Berman following the Company’s filing on April 11, 2023, of its Annual Report on Form 10-K for the year ended December 31, 2022.

 

Berman said, “Despite experiencing a disappointing 2022, riddled with unforeseen challenges that ultimately resulted in poor sales and a bigger than anticipated overall loss for the year, we made progress and are well-positioned to grow in 2023. In fact, we’re already seeing momentum cementing new partnerships that were cultivated in 2022.”

 

Berman also noted, “After three long years, we are finally trading again with market makers and no caveat emptor designation.” Berman believes that the free trading status will allow Nano Magic to explore certain strategic opportunities that were not previously available.

 

Nano Magic is focused on building its brand by selling its Nano Magic-branded products direct-to-consumer, through national retailers, and in specialty channels such as the optical and safety industries. Earlier this year, Nano Magic’s 2-in-1 Anti Fog Lens Cleaning wipes were featured on QVC, and Nano Magic expects to have more live airings in the coming months along with the opportunity to launch more products with QVC later in 2023. Another exciting development is the upcoming rollout of a 10-pack of Auto Screen Cleaner Wipes to over 3,300 Advance Auto Parts locations across the United States.

 

Nano Magic also shared that Best Buy intends to add Nano Magic’s Lens Cleaning Value Pack and 25-Pack of 2-in-1 Anti Fog Lens Cleaning wipes to more locations, and Best Buy will be adding a 30-pack of Screen Cleaning wipes to checkout lanes. In late 2022, the Nano Magic Force Field Windshield Protection Kit was featured in Hammacher Schlemmer’s Holiday catalog, and Nano Magic expects to launch new household and auto bundles, as well as the 2-in-1 Anti Fog Lens Cleaning wipes in the Hammacher Schlemmer fall 2023 catalog, further expanding the reach of the Nano Magic brand to a wider audience.

 

The biggest win of 2023 so far is the recent program secured with Walmart. Nano Magic will be launching Nano Magic-branded lens cleaning and anti-fog solutions into over 3,000 Walmart Optical locations nationwide with a planned roll out starting in September. “Having our brand on the shelves in Walmart Optical,” Berman noted, “will give the Nano Magic brand a significant boost in visibility and accessibility, allowing more customers to experience the quality and effectiveness of our lens cleaning and anti-fog solutions.” 

 

 
 

 

Berman closed by reiterating: “While our revenue in 2022 was not ideal, we made progress that is already coming to fruition in 2023. We are thrilled that our brand and our nanotech-powered solutions are being well-received in the marketplace. We believe that 2023 will be a year of exciting growth for Nano Magic.”

 

About Nano Magic

 

Nano Magic is a leader in developing and bringing to market cutting-edge, nanotechnology-powered industrial and consumer cleaning, protection and anti-fog solutions formulated in Detroit, Michigan. Nano Magic focuses on innovative and advanced product solutions, harnessing nanotechnology to create a safer, more socially conscious, and higher performing world. Visit www.nanomagic.com for more information.

 

Safe Harbor Statement

 

This press release contains forward-looking statements within the meaning of applicable securities laws that involve risks and uncertainties, many of which are outside of our control, concerning our business, products, and financial results. Actual results may differ materially from the results expressed or implied by forward-looking statements. In some cases, you can identify forward-looking statements by our use of words such as “expect,” “believe,” “could,” “upcoming,” “hope,” “anticipate,” “will,” “plan,” “believe,” and similar expressions. Forward-looking statements are necessarily based upon estimates and assumptions that are inherently uncertain. All statements are made as of the date of this release, and we undertake no obligation to update publicly any of these forward-looking statements to reflect actual results or new information except as required by applicable laws. More information about our business, products, risk factors, and financial results are included in our annual report on Form 10-K for the fiscal year ended December 31, 2022, and in reports subsequently filed by us with the Securities and Exchange Commission (“SEC”).

 

All documents that we file with the SEC are available through the SEC’s Electronic Data Gathering Analysis and Retrieval System (EDGAR) at www.sec.gov or from our website listed above.  

 

Contact Information

 

Nano Magic Inc.

Jeanne Rickert

j.rickert@nanomagic.com

(844) 273-6462