8-K 1 g6812.txt CURRENT REPORT DATED 4-26-13 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 26, 2013 GLOBAL EQUITY INTERNATIONAL, INC. (Exact name of registrant as specified in its charter) Nevada 000-54557 27-3986073 (State or other jurisdiction (Commission (I.R.S. Employer of incorporation) File Number) Identification Number) Level 28 - Al Habtoor Business Tower, PO Box 29805, Dubai Marina, Dubai, UAE (Address of Principal Executive Offices) (Zip Code) +971 (7) 204 7593 (Registrant's telephone number, including area code) 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 communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.133-4(c)) ITEM 1.02. TERMINATION OF A MATERIAL DEFINITIVE AGREEMENT. As previously reported in our Form 8-K Current Report filed with the Securities and Exchange Commission on February 15, 2013, on February 15, 2013, Global Equity International, Inc. ("Company") entered into a Securities Purchase Agreement ("SPA") with Candelara Holdings Limited, a company domiciled in the Chanel Islands ("Candelara"). The SPA covered the potential sale by the Company of up to $1,300,000 worth of our Common Stock. Candelara had the right to purchase up to 916,667 shares of our Common Stock at a price of $.60 per share between the date of the SPA and April 30, 2013, which would have resulted in the Company receiving $550,000 in proceeds from such purchase. In the event that Candelara purchased the entire 916,667 shares of Common Stock by April 30, 2013, Candelara would have had an option ("Option") to purchase an additional $750,000 worth of our Common Stock at a per share purchase price equal to $.90 or 60% of the average closing price of our Common Stock during the ten (10) trading days immediately prior to Candelara's written notice to the Company of its intent to exercise the Option. On April 26, 2013, Candelara unilaterally decided to not comply with the SPA and notified the Company that it would not buy any shares of our Common Stock because our Common Stock was highly volatile. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: April 29, 2013 GLOBAL EQUITY INTERNATIONAL, INC. By: /s/ Enzo Taddei ---------------------------------- Enzo Taddei Chief Financial Officer 2