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Gex Management, Inc. (GXXM) SEC Filing 8-K Material Event for the period ending Thursday, February 24, 2022

Gex Management, Inc.

CIK: 1681556 Ticker: GXXM
0001681556 false 0001681556 2022-02-24 2022-02-24 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

 

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): February 24, 2022

 

 

 

GEX MANAGEMENT INC.

(Exact name of registrant as specified in its charter)

 

 

 

Texas   56-2428818
(State or other jurisdiction of
incorporation or organization)
  (I.R.S. Employer
Identification No.)

 

3662 W Camp Wisdom Rd, Dallas, Texas   75237
(Address of principal executive offices)   (Zip Code)

 

Registrant’s Telephone Number, including area code: (877) 210-4396

 

 

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.

 

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))

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock   GXXM   OTC Pink

  

 

 

 
 

 

Item 8.01 Other Events.

 

On February 24, 2022, the Board of Directors resolved to file additional disclosures related to a convertible note transaction executed in Q3 2021, in order to satisfy certain covenant requirements related to the note. On August 9, 2021, GEX Management , Inc. (the “Company” or “Registrant”), in the ordinary course of its business and pursuant to its ongoing plan of operations to fund its business by the use of convertible note transactions, entered into a Securities Purchase Agreement (“SPA”) with Jefferson Street Capital, LLC, an institutional investor and the Lead Investor (“JSC”) dated August 9, 2021.

 

Pursuant to the terms of the SPA, the Company issued and sold to JSC an 8% Senior Convertible Note dated August 9, 2021 in the principal amount of $137,500 (the “Note”), due and payable on August 9, 2022.

  

Item 9.01 Financial Statements and Exhibits

 

Exhibit No.   Description
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 
 

 

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 thereunto duly authorized.

 

Date: February 24, 2022 GEX Management, Inc
     
  By: /s/ Joseph Frontiere
    Joseph Frontiere
    Chief Executive Officer

 

 

 

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Inside this 8-K Corporate News

Ticker: GXXM
CIK: 1681556
Form Type: 8-K Corporate News
Accession Number: 0001493152-22-005327
Submitted to the SEC: Thu Feb 24 2022 10:25:20 AM EST
Accepted by the SEC: Thu Feb 24 2022
Period: Thursday, February 24, 2022
Industry: Management Consulting Services
Events:
  1. Financial Exhibit
  2. Other Events

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