0001493152-17-007073.txt : 20170623 0001493152-17-007073.hdr.sgml : 20170623 20170623082436 ACCESSION NUMBER: 0001493152-17-007073 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20170623 DATE AS OF CHANGE: 20170623 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: H/Cell Energy Corp CENTRAL INDEX KEY: 0001676580 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690] IRS NUMBER: 474823945 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-90021 FILM NUMBER: 17926385 BUSINESS ADDRESS: STREET 1: 97 RIVER ROAD CITY: FLEMINGTON STATE: NJ ZIP: 08822 BUSINESS PHONE: (908) 837-9097 MAIL ADDRESS: STREET 1: 97 RIVER ROAD CITY: FLEMINGTON STATE: NJ ZIP: 08822 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Turquino Equity, LLC CENTRAL INDEX KEY: 0001708863 IRS NUMBER: 463362257 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 99 GORGE ROAD STREET 2: #2406 CITY: EDGEWATER STATE: NJ ZIP: 07020 BUSINESS PHONE: (908) 837-9097 MAIL ADDRESS: STREET 1: C/O H/CELL ENERGY CORPORATION STREET 2: 97 RIVER ROAD CITY: FLEMINGTON STATE: NJ ZIP: 08822 SC 13D 1 sc13d.htm

 

 

 

UNITED STATES 

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

SCHEDULE 13D

(Rule 13d-101)

 

Information to be Included in Statements Filed Pursuant to § 240.13d-1(a) and Amendments Thereto Filed Pursuant to § 240.13d-2(a)

 

Under the Securities Exchange Act of 1934*

 

H/CELL ENERGY CORPORATION

(Name of Issuer)

 

COMMON STOCK, PAR VALUE $.0001 PER SHARE

(Title of Class of Securities)

 

404123 101

(CUSIP Number)

 

James M. Turner, Esq.

Marc J. Ross, Esq.

Sichenzia Ross Ference Kesner LLP

61 Broadway, 32nd Floor

New York, NY 10006

Tel: (212) 930-9700

(Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

 

June 23, 2017

(Date of Event Which Requires Filing of This Statement)

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box [  ].

 

Note. Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7(b) for other parties to whom copies are to be sent.

 

 

1 The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

 

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

   
 

 

CUSIP No. 404123 101 13D Page 2 of 8 Pages

 

 

1

 

NAME OF REPORTING PERSONS

 

Turquino Equity LLC

 

 

 

2

 

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

 

(a) [  ]

(b) [  ]

 

3

 

SEC USE ONLY

 

 

 

4

 

SOURCE OF FUNDS (SEE INSTRUCTIONS)                          OO

 

 

 

5

 

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

 

 

 

6

 

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

 

 

 

NUMBER OF SHARES

 

7

 

SOLE VOTING POWER

 

3,540,000

 

BENEFICIALLY

OWNED BY

 

8

 

SHARED VOTING POWER

 

0

 

EACH

REPORTING

 

9

 

SOLE DISPOSITIVE POWER

 

3,540,000

 

PERSON WITH

 

10

 

SHARED DISPOSITIVE POWER

 

0

 

11

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

3,540,000

 

 

12

 

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

[  ]

 

13

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

50.3% (1)

 

14

 

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)                      OO

 

 

 

(1) This percentage is calculated based upon 7,041,579 shares of the Issuer’s common stock outstanding (as of May 18, 2017), as set forth in the Issuer’s quarterly report on Form 10-Q as filed with the Securities and Exchange Commission on May 19, 2017.

 

   
 

 

CUSIP No. 404123 101 13D Page 3 of 8 Pages

 

 

1

 

NAME OF REPORTING PERSONS

 

Andrew Hidalgo

 

 

 

2

 

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

 

(a) [  ]

(b) [  ]

 

3

 

SEC USE ONLY

 

 

 

4

 

SOURCE OF FUNDS (SEE INSTRUCTIONS)                             PF

 

 

 

5

 

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

 

 

 

6

 

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States

 

 

 

NUMBER OF SHARES

 

7

 

SOLE VOTING POWER

 

0

 

BENEFICIALLY

OWNED BY

 

8

 

SHARED VOTING POWER

 

3,540,000

 

EACH

REPORTING

 

9

 

SOLE DISPOSITIVE POWER

 

0

 

PERSON WITH

 

10

 

SHARED DISPOSITIVE POWER

 

3,540,000

 

11

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

3,540,000

 

 

12

 

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

[  ]

 

13

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

50.3% (1)

 

14

 

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)                            IN

 

 

 

(1) This percentage is calculated based upon 7,041,579 shares of the Issuer’s common stock outstanding (as of May 18, 2017), as set forth in the Issuer’s quarterly report on Form 10-Q as filed with the Securities and Exchange Commission on May 19, 2017.

 

   
 

 

CUSIP No. 404123 101 13D Page 4 of 8 Pages

 

 

1

 

NAME OF REPORTING PERSONS

 

Matthew R. Hidalgo

 

 

 

2

 

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

 

(a) [  ]

(b) [  ]

 

3

 

SEC USE ONLY

 

 

 

4

 

SOURCE OF FUNDS (SEE INSTRUCTIONS)                          PF

 

 

 

5

 

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

 

 

 

6

 

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States

 

 

 

NUMBER OF SHARES

 

7

 

SOLE VOTING POWER

0

 

BENEFICIALLY

OWNED BY

 

8

 

SHARED VOTING POWER

 

3,540,000

 

EACH

REPORTING

 

9

 

SOLE DISPOSITIVE POWER

0

 

PERSON WITH

 

10

 

SHARED DISPOSITIVE POWER

 

3,540,000

 

11

 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

3,540,000

 

 

12

 

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

[  ]

 

13

 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

50.3% (1)

 

14

 

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)                  IN

 

 

 

(1) This percentage is calculated based upon 7,041,579 shares of the Issuer’s common stock outstanding (as of May 18, 2017), as set forth in the Issuer’s quarterly report on Form 10-Q as filed with the Securities and Exchange Commission on May 19, 2017.

 

   
 

 

CUSIP No. 404123 101 13D Page 5 of 8 Pages

 

Item 1. Security and Issuer.

 

This statement relates to the Common Stock, par value $0.0001 per share (the “Common Stock”), of H/Cell Energy Corporation, a Nevada Corporation (the “Issuer”). The Issuer’s principal executive offices are located at 97 River Road, Flemington, New Jersey 08822.

 

Item 2. Identity and Background.

 

This statement is filed on behalf of (1) Turquino Equity LLC, a Delaware limited liability company (“Turquino”); (2) Andrew Hidalgo, a United States citizen (“A. Hidalgo”); and (3) Matthew R. Hidalgo, a United States citizen (“M. Hidalgo”). Such parties are referred to herein individually as a “Reporting Person” and collectively as the “Reporting Persons.”

 

A. Hidalgo and M. Hidalgo are each a Managing Member of Turquino. The Reporting Persons are making this single, joint filing because they may be deemed to constitute a “group” within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended. Each Reporting Person disclaims beneficial ownership of the shares of Common Stock owned by any person other than such Reporting Person except to the extent of any pecuniary interest therein.

 

The principal business address of each Reporting Person is c/o H/Cell Energy Corporation, 97 River Road, Flemington, New Jersey 08822.

 

None of the Reporting Persons has, during the past five years, been convicted in a criminal proceeding (excluding traffic violations and similar misdemeanors). None of the Reporting Persons has, during the past five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

 

Item 3. Source and Amount of Funds or Other Consideration.

 

Founders Shares

 

On August 17, 2015, pursuant to a Founders Subscription Agreement entered into by and among the Issuer, Turquino, James Strizki and Michael Strizki, Turquino purchased 500,000 shares of common stock for $50.00.

 

Share Exchange Agreement

 

On January 31, 2017, pursuant to a Share Exchange Agreement entered into by and among the Issuer, The Pride Group (QLD) Pty Ltd. (“Pride”) and the stockholders of Pride, the stockholders of Pride exchanged all of their shares of Pride equity stock for newly issued shares of common stock of the Issuer. Turquino was a stockholder of Pride and received 3,040,000 shares of common stock of the Issuer.

 

   
 

 

 

CUSIP No. 404123 101 13D Page 6 of 8 Pages

 

Item 4. Purpose of Transaction.

 

Each Reporting Person acquired all of their common stock for investment purposes.

 

A. Hidalgo is the President and Chief Executive Officer of the Issuer and a member of the Issuer’s Board of Directors. M. Hidalgo is the Chief Financial Officer of the Issuer. In these capacities, A. Hidalgo and M. Hidalgo take and will continue to take an active role in the Issuer’s management and strategic direction. Additionally, in their capacities as stockholders of the Issuer, the Reporting Persons review and intend to continue to review, on an ongoing and continued basis, their investments in the Issuer. Depending on the factors discussed below and subject to applicable law, any Reporting Person may from time to time acquire additional securities of the Issuer or otherwise dispose of some or all of such securities of the Issuer. Any transactions that any Reporting Person may pursue may be made at any time and from time to time without prior notice and will depend upon a variety of factors, including, without limitation, current and anticipated future trading prices of the securities of the Issuer, the financial condition, results of operations and prospects of the Issuer, general economic, financial market and industry conditions, other investment and business opportunities available to such Reporting Person, tax considerations and other factors.

 

Other than as described above and other than in their capacities as officers and directors of the Issuer, neither A. Hidalgo, M. Hidalgo nor any other Reporting Person currently has plans or proposals that relate to or would result in any of the transactions involving the Issuer described in subparagraphs (a) through (j) of Item 4 of Schedule 13D (although either Reporting Person may from time to time consider pursuing or proposing any such transactions and, in that connection, may discuss, evaluate and/or pursue any such transactions with their respective advisors, the Issuer or other persons).


Item 5. Interest in Securities of the Issuer.

 

Turquino beneficially owns 3,540,000 shares of the Issuer’s common stock. A. Hidalgo and M. Hidalgo as Managing Members of Turquino, are deemed to also beneficially own 3,540,000 shares of the Issuer’s common stock. Based upon 7,041,579 shares of the Issuer’s common stock outstanding (as of May 18, 2017), as set forth in the Issuer’s quarterly report on Form 10-Q as filed with the Securities and Exchange Commission on May 19, 2017, the shares of the Issuer’s common stock beneficially owned by each Reporting Person constitutes approximately 50.3% of the common stock of the Issuer as calculated in accordance with Rule 13d-3(d)(1).

 

The following table sets forth the number of shares of common stock as to which the Reporting Persons have (i) the sole power to vote or direct the voting of the shares, (ii) the sole power to dispose or to direct the disposition of the shares or (iii) shared power to vote or direct the vote or dispose or direct disposition of the shares:

 

Reporting Person  Sole
Voting
Power
   Shared
Voting
Power
   Sole
Dispositive
Power
   Shared
Dispositive
Power
 
Turquino Equity LLC   3,540,000    0    3,540,000    0 
                     
Andrew Hidalgo   0    3,540,000    0    3,540,000 
                     
Matthew Hidalgo   0    3,540,000    0    3,540,000 

 

Except as set out above, the Reporting Persons have not effected any other transactions in any securities of the Issuer in the past 60 days.

 

   
 

 

CUSIP No. 404123 101 13D Page 7 of 8 Pages

 

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.

 

By virtue of the relationship among the Reporting Persons, the Reporting Persons may be deemed to be a “group” under the Federal securities laws. Other than the relationship between the Reporting Persons as described above under Items 2-5 above, there are no contracts, arrangements, understandings or relationships (legal or otherwise) between any of the Reporting Persons and any other person with respect to any securities of the Issuer.

 

Item 7. Material to be Filed as Exhibits.

 

1. Form of Share Exchange Agreement, dated as of January 31, 2017, by and among H/Cell Energy Corporation, The Pride Group (QLD) Pty Ltd., Turquino Equity LLC and Stephen Paul Mullane and Marie Louise Mullane as Trustees of the Mullane Family Trust, filed as an exhibit to the Current Report on Form 8-K, filed with the Securities and Exchange Commission on February 6, 2017 and incorporated herein by reference.
2. Joint Filing Agreement, dated as of June 23, 2017, by and among Turquino Equity LLC, Andrew Hidalgo and Matthew Hidalgo (filed herewith).

 

   
 

 

 

CUSIP No. 404123 101 13D Page 8 of 8 Pages

 

SIGNATURES

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and accurate.

 

June 23, 2017

 

  TURQUINO EQUITY LLC
     
  By: /s/ ANDREW HIDALGO
  Name: Andrew Hidalgo
  Title: Managing Member
     
  /s/ ANDREW HIDALGO
  Andrew Hidalgo
   
  /s/ MATTHEW HIDALGO
  Matthew Hidalgo

 

   
 

  

EX-2 2 ex2.htm

 

Exhibit 2

JOINT FILING AGREEMENT

 

This Joint Filing Agreement is filed as an exhibit to Schedule 13D being filed by Turquino Equity LLC, Andrew Hidalgo and Matthew Hidalgo in compliance with Rule 13d-1(k) of the Securities and Exchange Commission, which requires an agreement in writing indicating that the Schedule 13D to which this Agreement is attached is filed on behalf of the below-named entities, that they are each responsible for the timely filing of the Schedule 13D and any amendments thereto and for the completeness and accuracy of the information concerning such persons contained therein.

 

This Joint Filing Agreement may be executed in counterparts, each of which shall be deemed to be an original instrument, but all of such counterparts together shall constitute one agreement.

 

In evidence thereof, the undersigned, being duly authorized, hereby execute this Joint Filing Agreement as of June 23, 2017.

 

  TURQUINO EQUITY LLC
     
  By: /s/ ANDREW HIDALGO
  Name: Andrew Hidalgo
  Title: Managing Member
     
  /s/ ANDREW HIDALGO
  Andrew Hidalgo
   
  /s/ MATTHEW HIDALGO
  Matthew Hidalgo