UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
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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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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).
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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. ☐
SECTION 8 – Other Events
| Item 8.01 | Other Events |
On June 3, 2022, we issued a press release announcing recent capital restructuring efforts concerning the company. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.
The information in Item 8.01 of this Current Report on Form 8-K (including Exhibit 99.1) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as expressly set forth by specific reference in such a filing.
SECTION 9 – Financial Statements and Exhibits
| Item 9.01 | Financial Statements and Exhibits |
| 99.1 | Press release, dated June 3, 2022 |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
| 2 |
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.
MOJO Organics, Inc.
| /s/ Glenn Simpson | |
| Glenn Simpson | |
| Chairman and CEO |
Date: June 3, 2022
| 3 |
Exhibit 99.1
JERSEY CITY, N.J., June 3, 2022// — MOJO Organics Inc. (OTC: MOJO) announces its recent efforts at capital restructuring.
It continues to be a goal of the Company to have a simple and easy to understand capital structure for stakeholders.
From April 1 to June 3, 2022, MOJO has completed the purchase of 910,685 shares of its Common Stock. This brings the total common stock repurchased in 2022 to 1,660,685 shares which is 5.30% of the total outstanding shares. All repurchased shares were cancelled and returned to Treasury.
In June, an Officer and Director exercised an option to purchase 318,108 common shares at an exercise price of $0.08 per share, with total proceeds to the company of $25,448.64.
As of June 3, 2022, MOJO has one class of common stock outstanding, with no derivative securities or rights to acquire common stock, including options, warrants and convertible debt. Total common stock outstanding as of June 3, 2022 was 31,357,003 shares.
On June 3, 2022, MOJO filed an application with the OTC to be quoted on the OTCQB tier of the OTC Markets platform. Currently, MOJO is quoted on the OTC Markets under the OTCPink tier.
MOJO plans to continue the process of repurchasing shares as opportunities to repurchase present themselves.
The Company is also studying a reverse split and decreasing the authorized shares proportionately, and is looking into the effects this corporate action may have on the Company’s overall structure.
For additional information contact Glenn Simpson CEO MOJO Organics Inc. at 929 264 7944 Stock Symbol: MOJO
Important Cautions Regarding Forward Looking Statements
This press release contains forward-looking statements within the definition of Section 27A of the Securities Act of 1933, as amended and such section 21E of the Securities Act of 1934, amended. These forward-looking statements should not be used to make an investment decision. The words ‘estimate,’ ‘possible’ and ‘seeking’ and similar expressions identify forward-looking statements, which speak only as to the date the statement was made. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted, or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the effect of government regulation, competition and other material risk.