0001185185-19-001175.txt : 20190820 0001185185-19-001175.hdr.sgml : 20190820 20190820165954 ACCESSION NUMBER: 0001185185-19-001175 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20190820 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20190820 DATE AS OF CHANGE: 20190820 FILER: COMPANY DATA: COMPANY CONFORMED NAME: True Nature Holding, Inc. CENTRAL INDEX KEY: 0000802257 STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATIONS EQUIPMENT, NEC [3669] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-53601 FILM NUMBER: 191040380 BUSINESS ADDRESS: STREET 1: 1355 PEACHTREE STREET STREET 2: SUITE 1150 CITY: ATLANTA STATE: GA ZIP: 30309 BUSINESS PHONE: 404-254-6980 MAIL ADDRESS: STREET 1: 1355 PEACHTREE STREET STREET 2: SUITE 1150 CITY: ATLANTA STATE: GA ZIP: 30309 FORMER COMPANY: FORMER CONFORMED NAME: Trunity Holdings, Inc. DATE OF NAME CHANGE: 20120125 FORMER COMPANY: FORMER CONFORMED NAME: BRAIN TREE INTERNATIONAL INC DATE OF NAME CHANGE: 19860922 8-K 1 truenat20190820_8k.htm FORM 8-K truenat20190820_8k.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 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 20, 2019

 

TRUE NATURE HOLDING, INC.

(Exact Name of Registrant as Specified in Charter)

 

Delaware

 

000-53601

 

87-0496850

(State or other jurisdiction of

incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

1355 Peachtree Street, Suite 1150 

Atlanta, GA 30309

(Address of principal executive offices) (Zip Code)

 

(844) 383-8689
(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:

 

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

 

 

 

 

 

N/A

 

N/A

 

N/A

 

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 ☒

 

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 20, 2019, True Nature Holding, Inc. (the “Company”) commenced a private offering of its securities pursuant to Rule 506(c) promulgated under the Securities Act of 1933, as amended. The Company is offering for sale  up to 400,000 shares of Series A Preferred Stock at $25.00 per share. The offering will be until October 31, 2019 which date may be extended by up to 60 days in the sole discretion of the Company.  The Preferred Stock issued at closing will be restricted securities.

 

 Item 9.01

Financial Statements and Exhibits.

   

 

Exhibit No.

Description

99.1

Press Release dated August 20, 2019.

 

 

 

 

 

 

SIGNATURE

 

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.

 

 

TRUE NATURE HOLDING, INC.

 

 

 

Date: August 20, 2019

By: 

/s/ Jim Crone

 

 

Jim Crone

 

 

President, Interim Chief Executive Officer and Interim Chief Financial Officer

 

 

 

 

EX-99.1 2 ex_155951.htm EXHIBIT 99.1 ex_155951.htm

Exhibit 99.1

 

TRUE NATURE ANNOUNCES A PRIVATE OFFERING UNDER RULE 506(C) OF ITS NEW

 SERIES A, 10%, CUMULATIVE REDEEMABLE PERPETUAL PREFERRED STOCK OFFERING

 

ATLANTA, GA / ACCESSWIRE / AUGUST 20, 2019, / True Nature Holding, Inc. (OTCQB: TNTY) (the “Company” or “True Nature”) announced that it is offering pursuant to Rule 506(C) a new 10% Series A Cumulative Redeemable Perpetual Preferred Stock. Existing shareholders that own in excess of 100,000 shares as of August 30, 2019, and participating in the private offering will receive a 10% discount to the face investment. This is a private offering under Rule 506(C) of The Securities Act of 1933 and as such is only to accredited investors. These Shares are not convertible into common stock of the Company.

 

The Company intends to use the net proceeds to a) eliminate its previously issued Bridge Notes, b) reduce its payables, c) increase its software development activity, and d) general corporate needs, after fully reserving the amounts needed to pay the dividends for the next thirty-six (36) months following closing of the financing.

 

For additional information please contact the Company by email at: investors@truenatureholding.com.

 

The Preferred A Shares

 

The newly created 10% Cumulative Redeemable Perpetual Preferred Stock will have cumulative Dividends from the date of original issue and will be payable on the fifteenth day of each calendar month when, as and if declared by our board of directors. Dividends would be payable out of amounts legally available the at a rate equal to 10% per annum per $25.00 of stated liquidation preference per share, or $2.50 per share of Series A Preferred Stock per year.

 

We will place net proceeds from any issuances in an amount equal to thirty-six(36) months of dividends into a separate bank account to be used to pay Series A Preferred Stock dividends, however, after the first quarter in which our Adjusted EBITDA is greater than the quarterly dividend, the proceeds then remaining in this account may be used for any corporate purpose . Commencing on thirty-six (36) months after the closing, we may redeem, at our option, the Series A Preferred Stock, in whole or in part, at a cash redemption price of $25.00 per share, plus all accrued and unpaid dividends to, but not including, the redemption date.

 

The Series A Preferred Stock has no stated maturity, will not be subject to any sinking fund or other mandatory redemption, and will not be convertible into or exchangeable for any of our other securities. Holders of the Series A Preferred Stock generally will have no voting rights except for limited voting rights if dividends payable on the outstanding Series A Preferred Stock are in arrears for eighteen or more consecutive or non-consecutive monthly dividend periods. Our Common Stock currently trades on the Over the Counter (OTC:QB) Market, with the trading symbol “TNTY.” There is no established trading market for the Series A Preferred Stock.

 

Statement Under the Private Securities Litigation Reform Act

 

As contemplated by the provisions of the Safe Harbor section of the Private Securities Litigation Reform Act of 1995, this news release contains forward-looking statements pertaining to future, anticipated, or projected plans, performances, and developments, as well as other statements relating to future operations. All such forward-looking statements are necessarily only estimates or predictions of future results or events and there can be no assurance that actual results or events will not materially differ from expectations. Further information on potential factors that could affect True Nature Holding, Inc. is included in the Company’s filings with the Securities and Exchange Commission. We expressly disclaim any intent or obligation to update any forward-looking statements.

 

 

CONTACT

 

Phone number: 1-844-383-8689

Web: https://truenatureholding.com/contact/

FT LAUDERDALE 89094-1 60441v1