8-K
GEX MANAGEMENT, INC. (GXXMD)
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): November 14, 2022
GEX
MANAGEMENT INC.
(Exact name of registrant as specified in its charter)
| Texas | 001-38288 | 56-2428818 |
|---|---|---|
| (State<br> or other jurisdiction of<br><br> <br>incorporation<br> or organization) | (Commission<br><br>File Number) | (I.R.S.<br> Employer<br><br> <br>Identification<br> No.) |
| 3662<br> W Camp Wisdom Rd, Dallas, Texas | 75237 | |
| --- | --- | |
| (Address<br> of principal executive offices) | (Zip<br> Code) |
Registrant’s Telephone Number, including area code: (877) 210-4396
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<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)) | |
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| --- | --- | --- |
| Common<br> Stock | GXXM | OTC<br> Pink |
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. ☐
Item 8.01 Other Events.
On November 14, 2022, the Board of Directors resolved to file additional disclosures related to a convertible note transaction executed in Q4 2021, in order to satisfy certain covenant requirements related to the note. On November 10, 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 November 10, 2021.
Pursuant to the terms of the SPA, the Company issued and sold to JSC an 8% Senior Convertible Note dated November 10, 2021 in the principal amount of $137,500 (the “Note”), due and payable on November 10, 2022.
Item9.01 Financial Statements and Exhibits
| Exhibit<br> No. | Description |
|---|---|
| 104 | Cover<br> 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:<br> November 14, 2022 | GEX<br> Management, Inc | |
|---|---|---|
| By: | /s/ Sri Vanamali | |
| Sri<br> Vanamali | ||
| Chief<br> Executive Officer |