Chase Packaging Corp 8-K, filed Apr 30, 2024
Chase Packaging Corp (WHLT)
About this 8-K
Chase Packaging Corp filed this 8-K on April 30, 2024, reporting on events of April 29, 2024.
Items reported
- Item 7.01: Regulation FD disclosure
- Item 9.01: Financial statements and exhibits
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 (see General Instruction A.2. below):
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 7.01 Regulation FD Disclosure
On February 7, 2024, the Company signed a non-binding indication of interest to acquire the three subsidiaries of Roseville Partners, LLC, a privately owned company. The indication of interest has now expired and has not been extended. While the Company may continue discussions with Roseville, there can be no assurance or expectation that the parties will enter into definitive agreements. A press release announcing the expiration of the indication of interest is attached as an exhibit to this Current Report.
Information Concerning Forward-Looking Statements
This Current Report contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and Section 27A of the Securities Act of 1933. Any statements contained in this release that are not statements of historical fact may be forward-looking statements. When we use the words “intends,” “estimates,” “predicts,” “potential,” “continues,” “anticipates,” “plans,” “expects,” “believes,” “should,” “could,” “may,” “will,” or the negative of these terms or other comparable terminology, we are identifying forward-looking statements. Forward-looking statements involve risks and uncertainties which may cause our actual results, performance or achievements to be materially different from those expressed or implied by forward-looking statements. These factors include our capital needs and our ability to find a suitable merger partner wishing to go public or a suitable private company to create investment value for the Company. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits. The following exhibit is being filed with this Current Report on Form 8-K:
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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.
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Date: April 30, 2024 | By: | /s/ Ann C.W. Green |
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| Ann C.W. Green |
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| Chief Financial Officer |
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EXHIBIT 20.1
April 29, 2024
CHASE PACKAGING ANNOUNCES EXPIRATION OF INDICATION OF INTEREST
Rumson, NJ: Chase Packaging Corporation (OTC: WHLT – “Chase”), a shell corporation announced that the non-binding indication of interest it had entered into with three related entities in the Tiny Homes industry, as announced in a news release dated February 14, 2024 has expired and will not be extended by the parties.
The Parties made extensive efforts to complete the proposed transaction. However, the proposed transaction could not be completed in a timeframe that met the parties’ mutual expectations.
Chase intends to keep an ongoing dialogue with the entities to potentially revisit a transaction at a later date. However, there can be no assurance that such a transaction will occur, and Chase will continue to explore other opportunities to optimize shareholder value.
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About Chase Packaging Corporation:
Chase Packaging Corporation, a Delaware Corporation, previously manufactured, until 1999, woven paper mesh for industrial applications and polypropylene mesh fabric bags for agricultural use, and distributed agricultural packaging manufactured by other companies. Since then, management’s plans for the Company have included securing a merger or acquisition, raising additional capital, and other strategies designed to optimize shareholder value.
FORWARD-LOOKING STATEMENTS DISCLAIMER
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and Section 27A of the Securities Act of 1933. Any statements contained in this release that are not statements of historical fact may be forward-looking statements. When we use the words “intends,” “estimates,” “predicts,” “potential,” “continues,” “anticipates,” “plans,” “expects,” “believes,” “should,” “could,” “may,” “will,” or the negative of these terms or other comparable terminology, we are identifying forward-looking statements. Forward-looking statements involve risks and uncertainties which may cause our actual results, performance, or achievements to be materially different from those expressed or implied by forward-looking statements. These factors include our capital needs and our ability to find a suitable merger partner wishing to go public or a suitable private company to create investment value for the Company. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements.
CONTACT:
Mark Neilson, Director
858-401-0640
END