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 27, 2020
Bantec, Inc.
(Exact name of registrant as specified in its charter)
| Delaware | 000-55789 | 30-0967943 | ||
| (state
or other jurisdiction of incorporation) |
(Commission File Number) | (IRS
Employer Identification Number) |
195 Paterson Avenue, Little Falls, NJ 07424
(address of principal executive offices) (zip code)
(203) 220-2296
(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 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 | ||
| Common Stock | BANT | OTC |
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 7.01 Regulation FD Disclosure.
On August 27, 2020, Bantec, Inc., (the “Company”) issued a press release announcing that the Company demonstrated a robotic cleaning system using to a Connecticut school system that is determined to get 100% of their students back to school this fall. As shown in the Youtube video link contained within the press release, the robot, which Bantec markets and sells to institutions and businesses through an agreement with CleanSmart, disinfects using both UVC light and/or spray.
In accordance with General Instruction B.2 of Form 8-K, the information set forth herein and in Exhibit 99.1 hereto are deemed to be “furnished” and shall not be deemed to be “filed” for purposes of the Exchange Act. The information set forth in Item 7.01 of this Current Report on Form 8-K shall not be deemed an admission as to the materiality of any information in this Current Report on Form 8-K that is required to be disclosed solely to satisfy the requirements of Regulation FD.
Safe Harbor
This release may contain certain forward-looking statements regarding our prospective performance and strategies within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations of our company, are generally identified by use of words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” “project,” “seek,” “strive,” “try,” or future or conditional verbs such as “could,” “may,” “should,” “will,” “would,” or similar expressions. Our ability to predict results or the actual effects of our plans or strategies is inherently uncertain. Accordingly, actual results may differ materially from anticipated results. Some of the factors that could cause our actual results to differ from our expectations or beliefs include, without limitation, the risks discussed from time to time in our filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Except as required by applicable law or regulation, we undertake no obligation to update these forward-looking statements to reflect events or circumstances that occur after the date on which such statements were made.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits: The following exhibits are filed with this report:
| Exhibit No. | Description |
| 99.1 | Press Release dated August 27, 2020 |
1
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.
| Date: August 27, 2020 | Bantec, Inc. | |
| By: | /s/ Michael Bannon | |
| Name: Michael Bannon | ||
| Title: President and CEO | ||
2
Exhibit 99.1
Bantec Demonstrates Robotic Cleaning System to Connecticut School System; Launches ‘Back to School Safely’ Program
Little Falls, NJ – August 27, 2020 - Bantec, Inc. (OTCPINK: BANT) (“Bantec” or the “Company”), Bantec, Inc., a product and services company, announces a program to help students, faculty and administrators get back to school safely.
Michael Bannon, Bantec’s Chairman and CEO stated: “We are offering a program, through our contract with CleanSmart, to help students get back to school. The three-pronged approach we intend to use consists of reselling UVC and spray disinfecting robots, Enviro-Pro disinfectant, and a glass floor coating. We demonstrated the UVC and spray robot to a Connecticut school system that is determined to get 100% of their students back to school this fall. They have more than a dozen schools and are looking to see how we can help them accomplish this task. We videotaped the demonstration. To view the demonstration. please click the video link below. As demonstrated in the video, the robot disinfects using both UVC light and/or spray.” In addition to helping schools, we are also looking to help hospitals, manufacturers, universities, and commercial property managers better cope with the Covid-19 pandemic.
Link:
https://youtu.be/LnS4tzzpmLs
About Bantec
Bantec, Inc, a product and services company, through its subsidiaries and divisions sells to facility managers, engineers, maintenance managers, purchasing managers and contract officers who work for hospitals, universities, manufacturers, commercial businesses, local and state governments and the US government. Our difference that matters consists of establishing lifelong customer and supplier friendships, responding immediately to our customers’ needs, and providing products and services through a highly technically trained, motivated, and incentivized workforce.
Forward-Looking Statements
Certain statements in this press release may be considered “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may include projections of matters that affect revenue, operating expenses, or net earnings; projections of growth; and assumptions relating to the foregoing. Such forward-looking statements are generally qualified by terms such as: “plans, “anticipates,” “expects,” “believes” or similar words. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or qualified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking information. These factors are discussed in greater detail in our Form 10 filed with the U.S. Securities and Exchange Commission.
Contacts:
Michael Bannon
Chairman & CEO
mike@bantecinc.com