WNDW 8-K
SolarWindow Technologies, Inc. (WNDW)
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 18, 2021
SolarWindow Technologies, Inc.
(Exact Name of Registrant as Specified in Charter)
| Nevada | 000-30156 | 59-3509694 |
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification Number) |
| 9375 E. Shea Blvd., Suite 107-B, Scottsdale, AZ 85260 |
| (Address of Principal Executive Offices) (Zip Code) |
(800) 213-0689
(Registrant's telephone number, including area code)
| 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 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(s) | Name of each exchange on which registered |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). 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. [ ]
Section 7 - Regulation FD
Item 7.01. Regulation FD Disclosure
On October 18, 2021 SolarWindow Technologies, Inc. (the "Company"), developer of transparent coatings for glass or plastics, issued a press release announcing the appointment of Mr. Kyle Ballarta as Senior Strategist of Corporate Innovation.
Except for the historical information presented in this document, the matters discussed in this Report, or otherwise incorporated by reference into this document, contain “forward-looking statements” (as such term is defined in the Private Securities Litigation Reform Act of 1995). These statements are identified by the use of forward-looking terminology such as “believes,” “plans,” “intend,” ”scheduled,” “potential,” “continue,” “estimates,” “hopes,” “goal,” “objective,” “expects,” “may,” “will,” “should” or “anticipates” or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy that involve risks and uncertainties. The safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended, apply to forward-looking statements made by the Registrant. The reader is cautioned that no statements contained in this Report should be construed as a guarantee or assurance of future performance or results. These forward-looking statements involve risks and uncertainties, including those identified within this Report. The actual results that the Registrant achieves may differ materially from any forward-looking statements due to such risks and uncertainties. These forward-looking statements are based on current expectations, and the Registrant assumes no obligation to update this information. Readers are urged to carefully review and consider the various disclosures made by the Registrant in this Report and in the Registrant’s other reports filed with the Securities and Exchange Commission that attempt to advise interested parties of the risks and factors that may affect the Registrant’s business.
The information presented in Item 7.01 of this Current Report and Exhibit 99.1 to this Current Report shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, unless the Company specifically states that the information is to be considered “filed” under the Exchange Act or specifically incorporates it by reference into a filing under the Securities Act of 1933, as amended, or the Exchange Act.
Section 9 - Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits
| Exhibit No. | Description | |
| 99.1 | Press release dated October 18, 2021 titled “Founder & CEO of Serial Impact-Investor, Falkon Ventures, Joins SolarWindow to Lead Strategy” |
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 hereunto duly authorized on October 22, 2021.
SolarWindow Technologies, Inc.
By: /s/ Jatinder S. Bhogal
Jatinder S. Bhogal
Chief Executive Officer
Exhibit 99.1
Founder & CEO of Serial Impact-Investor, Falkon Ventures,
Joins SolarWindow to Lead Strategy
Scottsdale, Arizona; Seoul, South Korea – October 18, 2021 - SolarWindow Technologies, Inc. (Symbol: WNDW), announced today the appointment of Mr. Kyle Ballarta, Senior Strategist of Corporate Innovation. Mr. Ballarta is Founder and CEO of Falkon Ventures, where his portfolio Co-Investors include Tim Cook (Apple), Eric Schmidt (Alphabet), Google Ventures, Y-Combinator, Founders Fund, Khosla Ventures, Singularity, DFJ, and others. Falkon investments made by Mr. Ballarta include SpaceX, Icon, Eight Sleep, Matternet, Happiest Baby, and sustainability player Nebia.
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Mr. Kyle Ballarta |
Mr. Ballarta makes investments and leads the commercial development of technologies and products which promise positive global impact and improvements to everyday life. At SolarWindow, Mr. Ballarta will support the Executive Leadership Team in its introduction of the Company’s clean-energy technologies and products to key customers, strategic partners, and select funders.
“SolarWindow applies its LiquidElectricity™ coatings to turn ordinary glass into electricity-generating windows and products. I look forward to working with this game-changing technology and with the exceptional management team at SolarWindow to make intelligent, effective, and intentional business decisions which attract strategic partners, capital, and customers to drive our success,” stated Mr. Ballarta, an accomplished venture investor in disruptive innovations and first-in-class brands.
“It’s an honor to welcome Mr. Ballarta to the SolarWindow Team. Kyle and I have worked together over the years, during which time he has repeatedly engineered high-yield venture creation to successfully launch new frontier technologies like SolarWindow and achieve innovation diffusion, the global adoption of breakthrough life-changing products,” said Mr. John Rhee, SolarWindow President.
“I deeply value the importance of innovation in renewable energy to achieve responsible stewardship of the planet. I seek out genuine opportunities to launch sustainable products and business and look for the loyal commitment of young companies like SolarWindow, who are devoted to this cause,” continued Mr. Ballarta.
Mr. Ballarta finances and builds companies that are focused on the commercial opportunity in solving the biggest global challenges. He specializes in placing economic levers and resources that align focus on disciplined scale, growth, profitability, defensibility, and value.
At Falkon Ventures, Mr. Ballarta continues to serve full-time in his role as CEO. At SolarWindow, he supports the Company’s Executive Leadership Team as Senior Strategist, Corporate Innovation, devoting up to 30% of his time.
Today’s announcement follows numerous product and technological breakthroughs at SolarWindow, key executive management appointments, and accelerated expansion of the Company’s intellectual property portfolio. Currently, SolarWindow technologies, products, methods, and materials are the subject of 224 awarded patent claims with an additional 576 patent claims in-progress and under review in the United States, select European and Asian jurisdictions, and elsewhere.
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About SolarWindow Technologies, Inc.
SolarWindow Technologies, Inc. (Symbol: WNDW; www.solarwindow.com) is a developer of transparent LiquidElectricity™ coatings and processes which generate electricity on glass and plastics. When applied to otherwise ordinary glass, for example, these coatings generate electricity, producing power under natural, artificial, low, shaded, and reflected light conditions.
The subject of over 90 granted and in-process trademark and patent filings, SolarWindow targets applications beyond conventional solar panels. The Company’s LiquidElectricity™ can generate electricity for architectural applications including building windows, facades, and rooftops. LiquidElectricity™ has wide-ranging utility, including automotive, commercial greenhouse, marine, and aerospace applications, and presents superior aesthetics for generating energy to enable faster financial breakeven.
The SolarWindow Promise: Engineer, design, and deliver LiquidElectricity™ products which reward customers with affordable clean energy for a healthier, safer, and more sustainable planet. SolarWindow is ClearlyElectric®.
For additional information, please call Amit Singh at 1-800-213-0689 or visit: www.solarwindow.com.
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Follow us on Twitter @solartechwindow, or follow us on Facebook.
To view the full HTML text of this release, please visit: http://solarwindow.com/media/news-events/.
Social Media Disclaimer and Forward-Looking Statements
SolarWindow investors and others should note that we announce material information to the public about the Company through a variety of means, including our website (https://www.solarwindow.com/investors), through press releases, SEC filings, public conference calls, via our corporate Twitter account (@solartechwindow), Facebook page (https://www.facebook.com/SolarWindowTechnologies) and LinkedIn page (https://www.linkedin.com/company/solar-window-technology/) in order to achieve broad, non-exclusionary distribution of information to the public and to comply with our disclosure obligations under Regulation FD. We encourage our investors and others to monitor and review the information we make public in these locations as such information could be deemed to be material information. Please note that this list may be updated from time to time.
No statement herein should be considered an offer or a solicitation of an offer for the purchase or sale of any securities. This release contains forward-looking statements that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although SolarWindow Technologies, Inc. (the “company” or “SolarWindow Technologies”) believes that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, it can give no assurance that such expectations and assumptions will prove to have been correct. Forward-looking statements, which involve assumptions and describe our future plans, strategies, and expectations, are generally identifiable by use of the words “may,” “will,” “should,” “could,” “expect,” “anticipate,” “estimate,” “believe,” “our goals,” “our mission,” “intend,” or “project” or the negative of these words or other variations on these words or comparable terminology. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including but not limited to adverse economic conditions, intense competition, lack of meaningful research results, entry of new competitors and products, adverse federal, state and local government regulation, inadequate capital, unexpected costs and operating deficits, increases in general and administrative costs, termination of contracts or agreements, technological obsolescence of the company’s products, technical problems with the company’s research and products, price increases for supplies and components, litigation and administrative proceedings involving the company, the possible acquisition of new businesses or technologies that result in operating losses or that do not perform as anticipated, unanticipated losses, the possible fluctuation and volatility of the company’s operating results, financial condition and stock price, losses incurred in litigating and settling cases, dilution in the company’s ownership of its business, adverse publicity and news coverage, inability to carry out research, development and commercialization plans, loss or retirement of key executives and research scientists, changes in interest rates, inflationary factors, and other specific risks. There can be no assurance that further research and development will validate and support the results of our preliminary research and studies. Further, there can be no assurance that the necessary regulatory approvals will be obtained or that SolarWindow Technologies, Inc. will be able to develop commercially viable products on the basis of its technologies. In addition, other factors that could cause actual results to differ materially are discussed in the company’s most recent Form 10-Q and Form 10-K filings with the Securities and Exchange Commission. These reports and filings may be inspected and copied at the Public Reference Room maintained by the U.S. Securities & Exchange Commission at 100 F Street, N.E., Washington, D.C. 20549. You can obtain information about operation of the Public Reference Room by calling the U.S. Securities & Exchange Commission at 1-800-SEC-0330. The U.S. Securities & Exchange Commission also maintains an Internet site that contains reports, proxy and information statements, and other information regarding issuers that file electronically with the U.S. Securities & Exchange Commission at http://www.sec.gov. The company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect the events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.