MACT 8-K
MachTen, Inc. (MACT)
8-K
2023-10-12
For: 2023-10-11
View Original
Added on
April 06, 2026
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): October 11, 2023
|
|
|
(Exact Name of Registrant as Specified in Its Charter)
|
|
|
|
|
||
|
(State or other Jurisdiction of Incorporation)
|
(Commission File Number)
|
(IRS Employer Identification No.)
|
|
|
|
|
|
(Address of Principal Executive Offices)
|
(Zip Code)
|
Registrant’s telephone number, including area code: (855 )
642-4227
|
(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 follow 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))
|
Securities registered pursuant to Section 12(b) of the Act: None
|
Title of each class
|
Trading Symbol
|
Name of each exchange on which registered
|
|
N/A
|
N/A
|
N/A |
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 October 11, MachTen announced that several of its’ subsidiaries have elected to participate in the Federal Communications
Commission Enhanced-ACAM program. This program extends the current ACAM program by 10 years. In addition, MachTen also announced that several of its’ subsidiaries will participate in RUS ReConnect grants.
| Item 9.01. |
Financial Statements and Exhibits.
|
| (d) |
The following exhibits are being filed herewith:
|
|
Exhibit
No.
|
Description
|
|
Press Release dated October 11, 2023.
|
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.
|
MACHTEN, INC.
|
|||
|
Dated: October 11, 2023
|
By:
|
/s/ Stephen J. Moore
|
|
|
Name:
|
Stephen J. Moore
|
||
|
Title:
|
Interim Chief Financial Officer
|
||
Exhibit 99.1
|
For Immediate Release:
|
Contact:
|
Dan Miller
|
|
Chief Executive Officer
(914) 921-5193
|
MachTen, Inc. to Participate in Enhanced-ACAM & RUS ReConnect Programs
Traverse City, Michigan, October 11, 2023 – MachTen, Inc. (“MACT”) (OTC: MACT) today announced that two of its operating subsidiaries have elected to
participate in the Federal Communications Commission’s Enhanced-ACAM (“E-ACAM”) support program.
Upper Peninsula Telephone Company (“UPTC”) and Michigan Central Broadband (“MCBC”), our wholly-owned Incumbent Local Exchange Carriers (“ILECs”), will
collectively receive approximately $9.7 million of E-ACAM support annually for 15 years. E-ACAM will run from January 2024 through 2038, and replace the current ACAM program scheduled to expire in 2028. The current program has been providing
approximately $8.7 million of annual support.
E-ACAM funds will be used to significantly upgrade our high-speed broadband facilities over the next 5 years, with a commitment to deliver at least 100 Mbps
download speeds to homes and businesses in 19 Michigan counties.
Additionally, UPTC, MCBC and Alpha Communications, have each been awarded ReConnect America grants from the Rural Utility Service. These
three grants will provide financial support to provide high speed broadband with download speeds of at least 100 Mbps in rural areas that currently lack service.
The ReConnect grants may provide up to $70 million of cumulative support over 5 years to facilitate the construction of high-speed
broadband facilities.
About MachTen, Inc.
MachTen is a holding company for Upper Peninsula Telephone Company (UPTC), Michigan Central Broadband Company (MCBC), and Alpha Communications. MachTen’s
subsidiaries provide regulated and unregulated broadband internet access and communications services, including voice, video, home automation and managed hosting services. Investors should refer to public filings that have been posted to www.machteninc.com.
Forward-Looking Statements
This press release and other statements may contain forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which reflect the Company's current views with respect to, among other things, the Company's operations and financial performance. You can identify these forward-looking
statements by the use of words such as “outlook,” “believes,” “expects,” “potential,” “may,” “will,” “should,” “seeks,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative versions of these words or other comparable words.
Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these forward-looking
statements. The Company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise.