SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 3, 2017
(Exact name of registrant as specified in its charter)
or other jurisdiction
of incorporation or organization)
701 Brickell Avenue, Suite 1550, Miami Florida 33131
(Address of principal executive offices) (Zip Code)
(Registrant’s telephone number, including area code)
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))|
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Item 1.01 Entry into a Material Definitive Agreement.
On April 3, 2017, our wholly-owned subsidiary Nanofilm, Ltd. entered into a second amendment to its Loan and Security Agreement with Mackinac Commercial Credit ABL Division of MBank (“Lender”) to extend the maturity date to April 4, 2017 with a renewal option until April 4, 2018. The interest rate was reduced to prime, as reported in the Wall Street Journal, plus 3% with other provisions remaining the same in all material respects. At the same time, we affirmed our guaranty of Nanofilm’s obligations to the Lender.
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: April 4, 2017||By:||/s/ Jeanne M Rickert|