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
November 10, 2014
Date of Report
(Date of earliest event reported)
LABOR SMART INC.
(Exact name of Registrant as specified in its Charter)
| Nevada | 000-54654 | 45-2433287 | ||
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |
3270 Florence Road, Suite 200, Powder Springs, GA 30127
(Address of Principal Executive Offices)
(770) 222-5888
(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 (see general instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14-a-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))
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Item 3.02. Unregistered Sales of Equity Securities
During the period commencing November 10, 2014 through December 3, 2014, the Company issued an aggregate of 18,601,978 shares of its common stock as follows: on November 10, 2014, the Company issued 352,552 shares of its common stock to reduce an outstanding convertible note payable by $2,644. On November 11, 2014, the Company issued 2,097,902 shares of its common stock to reduce an outstanding convertible note payable by $15,000. On November 11, 2014, the Company issued 2,000,000 shares of its common stock to reduce an outstanding convertible note payable by $15,000. On November 24, 2014, the Company issued 1,948,052 shares of its common stock to reduce an outstanding convertible note payable by $15,000. On November 24, 2014, the Company issued 2,397,853 shares of its common stock to reduce an outstanding convertible note payable by $19,453.78. On November 25, 2014, the Company issued 1,333,333 shares of its common stock to reduce an outstanding convertible note payable by $10,000. On December 1, 2014, the Company issued 375,000 shares of its common stock in exchange for services valued at $3,750. On December 1, 2014, the Company issued 125,000 shares of its common stock in exchange for services valued at $1,250. On December 2, 2014, the Company issued 2,242,152 shares of its common stock to reduce an outstanding convertible note payable by $10,000. On December 3, 2014, the Company issued 2,653,663 shares of its common stock to reduce an outstanding convertible note payable by $19,995.35. On December 3, 2014, the Company issued 3,076,471 shares of its common stock to reduce an outstanding convertible note payable by $10,460. The these shares were issued pursuant to an exemption from the registration requirements of the Securities Act of 1933, as amended pursuant to Section 4(2) of the Act and/or Rule 506 of Regulation D promulgated thereunder since, among other things, the transactions does not involve a public offering.
The number of shares of issuer's common stock outstanding as of December 4, 2014 was 76,368,113.
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this Current Report to be signed on its behalf by the undersigned hereunto duly authorized.
| LABOR SMART, INC. | ||||
| Date: | December 5, 2014 | By: | /s/ Ryan Schadel | |
| Name: | Ryan Schadel | |||
| Title: | Chief Executive Officer |