8-K 1 pcuniverse8k.htm United State Securities and Exchange Commission Edgar Filing

 

 

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 18, 2008

______________

PC UNIVERSE, INC.

(Exact name of registrant as specified in its charter)

______________


Nevada

000-52804

65-0620172

(State or Other Jurisdiction

(Commission

(I.R.S. Employer

of Incorporation)

File Number)

Identification No.)

504 NW 77th Street, Boca Raton, Florida 33487

(Address of Principal Executive Office) (Zip Code)

(561) 953-0390

(Registrant’s telephone number, including area code)

N/A

(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)

¨ 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 3.02

Unregistered Sales of Equity Securities.


(a)

On August 18, 2008, PC Universe, Inc. (the “Company”) sold to three accredited investors an aggregate of 2,403,844 shares of its common stock, par value $.001 per share, and 1,201,922 three-year warrants, exercisable at $0.10 per share, to purchase shares of the Company’s common stock.  The Company’s securities were sold in units, at $0.13 per unit, each unit consisting of two shares of common stock, and one warrant to purchase a share of common stock for gross proceeds to the Company of $156,250.  In connection with the sale, the Company paid selling agent commissions and non-accountable expenses of $17,812 to the Company’s selling agent.

The issuances of securities were exempt from registration under the Securities Act of 1933, as amended (“Securities Act”), in reliance upon Section 4(2) of the Securities Act and/or Regulation D promulgated thereunder as transactions by an issuer not involving a public offering. The securities are restricted securities for purposes of the Securities Act. Stock certificates representing the securities will bear a restrictive legend providing that the securities have not been registered under the Securities Act and cannot be sold or otherwise transferred without an effective registration or an exemption therefrom.






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 thereunto duly authorized.

         

PC UNIVERSE, INC.

 

(Registrant)

 

 

 

 

By:  

/s/ Gary Stern

 

 

Gary Stern

Chairman and Co-Chief Executive Officer

 

 

Date: August 29, 2008