On April 27, 2016, Monaco Investment Partners II, LP (Monaco Investments) exercised warrants that were granted on October 1, 2015 (expiring September 30, 2016) at a price per share of $1.50 for 100,000 shares of common stock (Common Stock) of Monaker Group, Inc. (the Company). Also, on April 27, 2016 Monaco Investments exercised warrants that were granted on November 3, 2015 (expiring November 2, 2016) at a price per share of $1.50 for 100,000 shares of Common Stock of the Company, for aggregate cash proceeds of $300,000. Donald P. Monaco, a member of our Board of Directors, is the managing general partner of Monaco Investments.
The 200,000 shares of Common Stock issued upon the above-described exercise of the warrants were not registered under the Securities Act of 1933, as amended (the Securities Act), or the securities laws of any state, and were issued in reliance on the exemption from registration afforded by Section 4(a)(2) and/or Rule 506 of Regulation D under the Securities Act and corresponding provisions of state securities laws, which exempt transactions by an issuer not involving any public offering. The holder is an accredited investor as such term is defined in Regulation D promulgated under the Securities Act.The recipient acquired the securities for investment only and not with a view towards, or for resale in connection with, the public sale or distribution thereof. The securities were offered without any general solicitation by us or our representatives. No underwriters or agents were involved in the foregoing issuance and we paid no underwriting discounts or commissions. The securities are subject to transfer restrictions, and the certificates evidencing the securities contain an appropriate legend stating that such securities have not been registered under the Securities Act and may not be offered or sold absent registration or pursuant to an exemption therefrom. The securities were not registered under the Securities Act and such securities may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act and any applicable state securities laws. An aggregate of 200,000 shares of our Common Stock were issued upon exercise of the warrants.
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.
MONAKER GROUP, INC.
Date: May 3, 2016
/s/ William Kerby
Chief Executive Officer
makes a similar move, sign up!
Other recent filings from the company include the following:
Registration of securities [Section 12(b)] - Feb. 21, 2018
Next 1 Interactive: Press Release Dated February 12, 2018 MONAKER GROUP, INC. 8-K - Feb. 12, 2018
Next 1 Interactive, Inc. insider was just granted 183,750 ownership of the company. - Feb. 8, 2018
Next 1 Interactive, Inc. insider just picked up 291,886 shares - Feb. 8, 2018
Next 1 Interactive, Inc. insider just picked up 1,800 shares - Feb. 8, 2018