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): March 29, 2017

 

GREEN ENVIROTECH HOLDINGS CORP.

(Exact name of registrant as specified in its charter)

 

Delaware   000-54395   32-0218005

(State or other jurisdiction of

incorporation or organization)

  

(Commission

File Number)

  

(IRS Employer

Identification No.)

 

14699 Holman Mtn.

Jamestown CA

  95327
(Address of principal executive offices)   (Zip code)
     
Registrant’s telephone number, including area code:   (209) 848-4384

 

N/A

(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 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))

 

 

 

 
 

 

ITEM 1.01—ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

 

On March 29, 2017, Green EnviroTech Holdings Corp. entered into a lease and working capital credit facility with Caliber Capital & Leasing LLC and its assignee, Real Estate Acquisition Development Sales, LLC (“READS”). Under the agreements, READS is providing an initial commitment of up to $2.5 million for the construction of the Company’s first processing line in its centralized Carbon Finishing Plant in Ohio, which the Company will then lease from READS and operate. The lease will have an initial term of seven years, after which the Company will have the option to purchase the facility from READS or renew the lease. The Company anticipates receiving the initial draw on that $2.5 million and beginning work on the Ohio facility immediately. The agreements provide for up to an additional $97.5 million in financing, subject to successful due diligence and underwriting, to be used for construction of additional facilities.

 

ITEM 8.01—OTHER EVENTS

 

On March 30, 2017, Green EnviroTech Holdings Corp. issued a press release announcing its entry into these agreements, a copy of which is attached as Exhibit 99.01.

 

ITEM 9.01—FINANCIAL STATEMENTS AND EXHIBITS

 

The following are filed as exhibits to this report:

 

Exhibit

Number*

   Title of Document   Location
         
Item 10   Material Contracts    
10.24   Letter Agreement between Caliber Capital & Leasing LLC and Green EnviroTech Holdings Corp. dated September 22, 2016, and executed March 29, 2017   To be filed
         
10.25   Master Equipment and Building Related Lease Agreement between Real Estate Acquisition Development Sales, LLC, and Green EnviroTech Holdings Corp., executed March 29, 2017   To be filed
         
Item 99   Miscellaneous    
99.01   Press release dated March 30, 2017   Attached

 

 

* All exhibits are numbered with the number preceding the decimal indicating the applicable SEC reference number in Item 601 and the number following the decimal indicating the sequence of the particular document. Omitted numbers in the sequence refer to documents previously filed as an exhibit.

 

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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.

 

  GREEN ENVIROTECH HOLDINGS CORP.
     
Dated: March 30, 2017 By: /s/ Chris Bowers
    Chris Bowers, Chief Executive Officer

 

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