Current Report Filing (8-k)
27 Janvier 2022 - 11:26PM
Edgar (US Regulatory)
0001644488
false
0001644488
2022-01-24
2022-01-24
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
January
24, 2022
Date
of Report (Date of Earliest event reported)
SHARING
SERVICES GLOBAL CORPORATION
(Exact
Name of Registrant as Specified in Charter)
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Nevada
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000-55997
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30-0869786
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(State
or other Jurisdiction
of incorporation)
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(Commission
File Number)
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(IRS
Employer
Identification No.)
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1700
Coit Road, Suite 290, Plano, Texas 75075
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(Address
of principal executive offices)
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Registrant’s
telephone number, including area code:
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469-304-9400
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(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:
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☐
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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☐
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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☐
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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☐
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Pre-commencement
communications pursuant to Rule 13c-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities
registered pursuant to Section 12(b) of the Act:
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Title
of each class
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Trading
Symbol(s)
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Name
of each exchange in which registered
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N/A
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N/A
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N/A
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Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (/Section 230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (Section 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
1.01 Entry into a Material Definitive Agreement.
On
January 24, 2022, the Company and DSS, Inc. (“DSS”) who, together with its subsidiaries, is currently a majority shareholder
of the Company, entered into a one-year Business Consulting Agreement (the “Consulting Agreement”) pursuant to which DSS
will provide to the Company certain consulting services, as defined in the Consulting Agreement. The Consulting Agreement may be terminated
by either party on 60 days’ written notice.
Pursuant
to the Consulting Agreement, the Company agreed to pay DSS sixty thousand dollars ($60,000) a month and issue a warrant exercisable for
fifty million (50,000,000) shares of Class A common stock (“Service Warrants”). The Service Warrants are exercisable at any
time on or before January 24, 2027, at an exercise price of $0.0001 per share. Notwithstanding the foregoing, the Service Warrants would
terminate and be of no further legal force or effect if, prior to their exercise, the Consulting Agreement is terminated by the Company
for cause.
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this Current Report on Form 8-K
to be signed on its behalf by the undersigned hereunto duly authorized.
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Date:
January 27, 2022
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SHARING
SERVICES GLOBAL CORPORATION
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By:
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/s/
John Thatch
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Name:
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John
Thatch
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Title:
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Chief
Executive Officer and
Vice
Chairman of the Board of Directors
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Sharing Services Global (PK) (USOTC:SHRG)
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