8-K

Brownie's Marine Group, Inc (BWMG)

8-K 2020-11-23 For: 2020-11-23
View Original
Added on April 06, 2026

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) November 23, 2020

Brownie’s<br> Marine Group, Inc.
(Exact name of registrant as specified in its charter)
Florida 333-99393 90-0226181
--- --- ---
(State or other jurisdiction of incorporation or organization) (Commission<br><br> <br>File Number) (I.R.S. Employer<br><br> <br>Identification No.)

3001NW 25 Avenue, Suite 1, Pompano Beach, FL 33069

(Addressof principal executive offices)(Zip Code)

Registrant’s telephone number, including area code: (954) 462-5570

(Formername 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 (see General Instruction A.2. below):

[  ] Written<br> communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ] Soliciting<br> material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ] Pre-commencement<br> communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ] Pre-commencement<br> 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
none not<br> applicable not<br> applicable

Indicate by check mark whether the registrant is an emerging growth company as defined in 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 checkmark 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.

On November 23, 2020, Brownie’s Marine Group, Inc. issued a press release announcing the shipment of its 1000^th^ nemo unit. A copy of this press release is furnished as Exhibit 99.1 to this report.

Pursuant to General Instruction B.2 of Form 8-K, the information in this Item 7.01 of Form 8-K, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise be subject to the liabilities of that section, nor is it incorporated by reference into any filing of Brownie’s Marine Group, Inc. under the Securities Act of 1933 or the Securities Exchange Act of 1934, whether made before or after the date hereof, regardless of any general incorporation language in such filing.

Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
--- ---
Incorporated by Reference Filed or
--- --- --- --- --- ---
No. Exhibit Description Form Date Filed Number Furnished Herewith
99.1 Press<br> Release dated November 23, 2020 Furnished

SIGNATURES

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.

Brownie’s<br> Marine Group, Inc.
Date:<br> November 23, 2020 By: /s/ Christopher Constable
Christopher<br> Constable, Chief Executive Officer

Exhibit99.1



Brownie’sMarine Group Announces BLU3’s shipment of it’s 1,000^th^ Nemo

Pompano Beach, Florida, November 23, 2020 — Brownies Marine Group, Inc. (OTCQB: BWMG), a leading developer, manufacturer and distributor of tankless dive equipment and high pressure air and industrial compressors in the marine industry, announces today that its wholly owned subsidiary, BLU3, Inc. shipped their 1,000^th^Nemo. The Nemo is the next generation electric surface supplied air diving system launched in Q4, 2019.

“It’s exciting to see something you have worked so hard on gain acceptance worldwide, and with the 1,000^th^ unit on its way to Australia we are excited to be introducing Nemo diving to a new consumer base.” Says Blake Carmichael, CEO of BLU3, Inc. “We are working hard to build a brand that promotes the diving industry in an environmentally friendly manner, and look towards our next iteration, Nomad, to take consumers deeper while remaining very portable. Our goal is to have Nomad in production by Q3, 2021”

With the expanding BLU3 product line leading into the Brownie’s Third Lung product line, Brownie’s Marine Group will be able to offer the consumer the full vertical integration of the diving experience. Both companies will continue to innovate, and look to make our products intriguing for the consumer as well as environmentally friendly.

Chris Constable, CEO states, “We are excited for the future for Blake and his team at BLU3, their hard work is coming to fruition and their innovations will drive innovation within the entire Brownie family line of products. Their segment of the business is a key link in creating further value to our stockholders.”

About Brownie’s Marine Group

Brownie’s Marine Group, Inc., is the parent company to a family of innovative brands with a unique concentration in the industrial and recreational diving industry. The Company, together with its subsidiaries, designs, tests, manufactures, and distributes recreational hookah diving, yacht-based scuba air compressors and nitrox generation systems, and scuba and water safety products in the United States and internationally. The Company has three subsidiaries: Trebor Industries, Inc., founded in 1981, dba as “Brownie’s Third Lung”; BLU3, Inc.; and Brownie’s High-Pressure Services, Inc., dba LW Americas. The Company is headquartered in Pompano Beach, Florida.

For more information, visit: www.BrowniesMarineGroup.com.

Safe Harbor Statement

This press release may contain forward looking statements which are based on current expectations, forecasts, and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected. Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors. Stockholders and potential investors should not place undue reliance on these forward-looking statements. Although we believe that our plans, intentions and expectations reflected in or suggested by the forward-looking statements in this report are reasonable, we cannot assure stockholders and potential investors that these plans, intentions or expectations will be achieved. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. Except to the extent required by law, we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, a change in events, conditions, circumstances or assumptions underlying such statements, or otherwise. You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019 as filed with the Securities and Exchange Commission (the “SEC”) on June 29, 2020 and our other periodic and quarterly filings with the SEC.

Source: Brownie’s Marine Group, Inc.

Contact Information: (954)-462-5570

investors@browniesmarinegroup.com