SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) May 30, 2018
(Exact name of registrant as specified in its charter)
or other jurisdiction
|1515 S. Federal Highway, Suite 307, Boca Raton, FL||33432|
|(Address of principal executive offices)||(Zip Code)|
Registrant’s telephone number, including area code (561) 362-2393
(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 (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 1 4a- 12 under the Exchange Act (17 CFR 240.1 4a- 12)
☐ Pre-commencement communications pursuant to Rule 1 4d-2(b) under the Exchange Act (17 CFR 240.1 4d-2(b))
☐ Pre-commencement communications pursuant to Rule 1 3e-4(c) under the Exchange Act (17 CFR 240.1 3e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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. ☐
|Item 8.01||Other Events.|
On May 30, 2018, Lani Pixels A/S, a Danish corporation (“Lani”), was declared bankrupt by the probate court in Denmark and proceedings for liquidation commenced. Ominto, Inc. (the “Registrant”) owns 40.02% of the outstanding equity in Lani and controls 50.02% of the voting rights of Lani through a voting rights agreement.
In addition to its equity interest, the Registrant has appeared as a creditor of Lani in the bankruptcy proceedings and intends to pursue its rights as a creditor. The Registrant has not yet evaluated the impact of the bankruptcy on the Registrant’s financial statements and any charges that may result from the bankruptcy.
Cautionary Note Regarding Forward-looking Statements
This Current Report on Form 8-K contains forward-looking statements that involve substantial risks and uncertainties. These include statements about The Registrant’s expectations, beliefs, intentions or strategies for the future, which are indicated by words or phrases such as “anticipate,” “expect,” “intend,” “plan,” “will,” “believe,” “projects,” “could,” “would,” “intend” and similar expressions. You can also identify them by the fact that they do not relate strictly to historical or current facts. The forward-looking statements reflect The Registrant’s current view about future events and are subject to risks, uncertainties and assumptions. Because forward-looking statements relate to the future, by their nature, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict. The Registrant may not actually achieve the expectations disclosed in the forward-looking statements and you should not place undue reliance on such forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause actual results or events to differ materially from the expectations disclosed in the forward-looking statements, including, but not limited to: risks related to bankruptcy and other proceedings, and the impact of such proceedings and any related events; along with other risks and potential factors that could affect the Registrant's business and financial results identified in the Registrant's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended September 30, 2016.
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.
|THE REGISTRANT, INC.|
|Date: June 5, 2018|
|By:||/s/ Jim Spielman|
|Name: Jim Spielman|
|Title: Chief Financial Officer|