SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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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
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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|
|Chief Executive Officer|