TESI 8-K/A
Titan Environmental Solutions Inc. (TESI)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
(
CURRENT REPORT
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Explanatory Note
This Amendment No. 1 to the Current Report on Form 8-K is an amendment to the Current Report on Form 8-K dated June 14, 2023 (the “Prior Report”) filed by TraQiQ, Inc. (the “Company”) with the Securities and Exchange Commission on June 20, 2023, is to supplement the information provided in the Prior Report.
Item 1.02. Termination of a Material Definitive Agreement.
As previously reported, on June 14, 2023, Titan Trucking, LLC, a Michigan limited liability company (“Titan”) and wholly-owned subsidiary of TraQiQ, Inc. (the “Company), entered into an Equity Interest Purchase Agreement dated as of June 14, 2023 (the “Purchase Agreement”) by and among Titan, Ryan Stansley, Scott Stansley, Jr., Kristin Stansley and Richard Boyce Stansley (collectively, the “Equityholders”), and Recycle Waste Services, Inc., an Ohio corporation (“RWS”), pursuant to which, subject to the terms and conditions of the Purchase Agreement, Titan agreed to acquire all of the equity interests of RWS.
By letter dated August 22, 2023, the Equityholders advised Titan that they are terminating the Purchase Agreement pursuant to Section 10.1(c) of the Purchase Agreement due to Titan’s purported notification to RWS or the Equityholders that it cannot and will not close the proposed acquisition by August 31, 2023. The Company and Titan are evaluating the validity and consequences of such termination.
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SIGNATURE
Pursuant to the requirement 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: September 27, 2023 | TRAQIQ, INC. | |
| By: | /s/ Glen Miller | |
| Glen Miller | ||
| Chief Executive Officer | ||
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