0001469709-21-000064.txt : 20210915 0001469709-21-000064.hdr.sgml : 20210915 20210915164043 ACCESSION NUMBER: 0001469709-21-000064 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20210910 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20210915 DATE AS OF CHANGE: 20210915 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Global Boatworks Holdings, Inc. CENTRAL INDEX KEY: 0001647705 STANDARD INDUSTRIAL CLASSIFICATION: SHIP & BOAT BUILDING & REPAIRING [3730] IRS NUMBER: 810750562 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-55646 FILM NUMBER: 211255760 BUSINESS ADDRESS: STREET 1: 1707 N. CHARLES ST. STREET 2: SUITE 200 CITY: BALTIMORE STATE: MD ZIP: 21201 BUSINESS PHONE: 855-458-9967 MAIL ADDRESS: STREET 1: 1707 N. CHARLES ST. STREET 2: SUITE 200 CITY: BALTIMORE STATE: MD ZIP: 21201 8-K 1 gbbt8k_091521apg.htm GBBT 8-K 09/15/21 GBBT 8-K 09/15/21

 

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): September 10, 2021


GLOBAL BOATWORKS HOLDINGS, INC.

(Exact name of Registrant as specified in its charter)


Florida

000-55646

81-0750562

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification Number)


1707 North Charles Street, Suite 200A, Baltimore, Maryland

21201

(Address of principal executive offices)

(Zip Code)


Registrant’s telephone number, including area code: (855) 458-9967


 Not Applicable

(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))


Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

Trading Symbol(s)

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 §13(a) of the Exchange Act. ☐




Item 7.01  Regulation FD Disclosure.


Global Boatworks Holdings, Inc. (“the Company”) announced that its operating subsidiary, R3 Score Technologies, Inc. (“R3 Score”), has entered into a two-year pilot with Baltimore Development Corporation (“BDC”) to use R3 Score’s technology for applicants with less than Prime credit score. BDC serves as the economic development arm for the City of Baltimore and its mission is to grow the city’s economy in an inclusive manner by retaining, expanding, and attracting businesses, and promoting investment, thereby increasing career opportunities for residents. BDC has a strong commitment to equitable economic development with a focus on supporting small businesses throughout Baltimore City, including providing loans.


In this pilot, BDC has signed on as a business customer of R3 Score and will use R3 Score’s technology for a portion of the applications received that they would like to continue reviewing for a small business loan, but the business operator may fall below the preferred traditional credit score. BDC is committed to a more equitable economy by supporting minority and women-owned businesses that may have been negatively impacted by institutional racism and/or generational poverty. BDC’s commitment includes implementing developed strategies and bringing R3 Score on board to intentionally create an inclusive and equitable Baltimore economy whereby a traditional credit score and report may no longer be an instant barrier.


A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.


The information in this Current Report on Form 8-K, including the information contained in Exhibit 99.1, is being furnished to the Securities and Exchange Commission, and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, except as shall be expressly set forth by a specific reference in such filing. The furnishing of the information pursuant to this Item 7.01, including Exhibit 99.1 furnished herewith, is not intended to, and does not, constitute a determination or admission by the Company (i) that the furnishing of such information is required by Regulation FD, (ii) that such furnished information is material or complete, or (iii) that investors should consider such information before making an investment decision with respect to any security of the Company. The information furnished pursuant to this Item 7.01, including Exhibit 99.1 furnished herewith, contains “forward-looking statements” within the meaning of the safe harbor provisions of the federal securities laws.


Item 9.01  Financial Statements and Exhibits.


The following exhibits are furnished as part of this Current Report on Form 8-K.


Exhibit

Number

 


Description

 

 

 

99.01

 

Press Release issued by Global Boatworks Holdings, Inc.



2


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.

 


GLOBAL BOATWORKS HOLDINGS, INC.



Date: September 15, 2021

By:

  /s/ Laurin Leonard

LAURIN LEONARD

Chief Executive Officer, Director

(Principal Executive Officer)





3


 EX-99.1 2 ex99_1apg.htm EXHIBIT 99.1 EXHIBIT 99.1

 

Exhibit 99.1


GBBT – R3 Score Announces Partnership with Baltimore Development Corporation

Baltimore Development Corporation to use R3 Score’s technology for applicants with less than Prime credit scores


BALTIMORE, MD, Sept. 10, 2021 (GLOBE NEWSWIRE) – via NewMediaWire – Global Boatworks Holdings, Inc. (OTC: GBBT), (“Global” or “the Company”) an innovative provider of better-contextualized data to businesses for the 1-in-3 Americans living with a criminal record, and consumers with thin credit files, today announced it has entered into a two-year pilot with Baltimore Development Corporation.


Baltimore Development Corporation (“BDC”) serves as the economic development arm for the City of Baltimore. Their mission is to grow the city’s economy in an inclusive manner by retaining, expanding, and attracting businesses, and promoting investment, thereby increasing career opportunities for residents. BDC has a strong commitment to equitable economic development with a focus on supporting small businesses throughout Baltimore City, including providing loans.


“When we met the team at BDC, I knew that they were committed to investing in small businesses that mattered to the city, so it was a privilege to work with them to develop a two-year pilot that is the first of its kind for R3 Score. By way of our partnership with BDC, we can begin to test the efficacy of our product in helping lenders understand alternative metrics around consumers with below Prime credit scores, irrespective of their criminal history. This is a very exciting step towards broader adoption of the R3 Score platform,” said Laurin Leonard, CEO of GBBT.


In this pilot, BDC has signed on as a business customer of R3 Score and will use R3 Score’s technology for a portion of the applications received that they would like to continue reviewing for a small business loan, but the business operator may fall below the preferred traditional credit score. This means that BDC is committed to a more equitable economy by supporting minority and women-owned businesses that may have been negatively impacted by institutional racism and/or generational poverty. Their commitment includes implementing developed strategies and bringing R3 Score on board to intentionally create an inclusive and equitable Baltimore economy whereby a traditional credit score and report may no longer be an instant barrier.


“BDC recently released its Baltimore Together strategic plan to build a more inclusive economy. Our partnership with R3 Score is an example of implementing our Baltimore Together vision to create economic opportunities for all, including returning citizens and others facing systemic barriers,” said Colin Tarbert, President & CEO of BDC.


This pilot is an extension of R3 Score’s commitment to Baltimore’s community lending ecosystem. Presently, Baltimore Community Lending (BCL), a Baltimore based Community Development Financial Institution (CDFI), is a local customer and partner in providing small business loans to Baltimore entrepreneurs living with records through a channel partnership with the Association for Enterprise Opportunity. BCL just recently closed on their first loan and Angella Aizire, BCL’s R3 Score loan officer, says, “Our client was appreciative of the R3 Score process, which supports people with records as they re-integrate into society through small business development. He shared that he often faced challenges adjusting to living in the community and the impact of the criminal background check coupled with his access to financial products and services made it difficult to move forward. The R3 Score process was quick, comfortable to go through, and made our client feel at ease.”


About Global Boatworks Holdings, Inc. and R3 Holdings, Inc.

Global completed a definitive Share Exchange Agreement with Baltimore, Maryland-based R3 Technologies, Inc. on September 23, 2020. R3 Holdings, Inc. is a SaaS company that provides a more contextualized criminal background report and alternative credit score for use by businesses of all sizes and in every industry. R3’s AI-enabled, financial software platform uses proprietary data-driven scoring designed to unlock new valuable information about employees and financial services consumers utilizing a multi-factor algorithm based on 11 factors assessing character, capacity, and current choice. To learn more about R3 Score, visit .


About Baltimore Development Corporation

The Baltimore Development Corporation (“BDC”) is the economic development agency for the City of Baltimore. BDC’s mission is to grow the city’s economy in an inclusive manner by retaining, expanding and attracting businesses and promoting investment, thereby increasing career opportunities for residents. BDC is committed to a more equitable economy by supporting minority and women-owned businesses and promoting investment in neighborhoods that have been negatively impacted by institutional racism and/or generational poverty. BDC develops strategies and facilitates collaboration among its partners to intentionally create an inclusive and equitable economy.


About Baltimore Community Lending

Baltimore Community Lending (“BCL”) is a Community Development Financial Institution serving Baltimore City exclusively. BCL is 100% dedicated to delivering responsible, affordable lending products to help low-income, low-wealth, and other disadvantaged people and communities join the economic mainstream. BCL is making loans to small real estate developers and small business owners committed to developing underserved neighborhoods. BCL supports the revitalization and strengthening of underserved Baltimore neighborhoods through innovative and flexible financial resources designed to promote community development.


Forward-Looking Statements

This press release may contain “forward-looking statements.” Forward-looking statements reflect the current view about future events. When used in this presentation, the words “anticipate,” “believe,” “estimate,” “expect,” “future,” “intend,” “plan,” or the negative of these terms and similar expressions, as they relate to us or our management, identify forward-looking statements. Such statements include, but are not limited to, statements contained in this presentation relating to the view of the management of R3 Score Technologies, Inc. (the “Company”) concerning its business strategy, future operating results, and liquidity and capital resources outlook. Forward-looking statements are based on the Company’s current expectations and assumptions regarding its business, the economy, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict. The Company’s actual results may differ materially from those contemplated by the forward-looking statements. They are neither statements of historical fact nor guarantees of assurance of future performance. We caution you, therefore, against relying on any of these forward-looking statements. Factors or events that could cause the Company’s actual results to differ may emerge from time to time, and it is not possible for the Company to predict all of them. The Company cannot guarantee future results, levels of activity, performance, or achievements. Except as required by applicable law, including the securities laws of the United States, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results.


Contact:

Info@R3Score.com


Investor Relations Contact:

TraDigital IR

Kevin McGrath

(646) 418-7002

kevin@tradigitalir.com