On April 19, 2017, Spotlight Innovation Inc. (the Company) received $400,000 from K4 Enterprises, LLC (K4) which the Company is treating as a demand note, although no demand for payment has made. There is no written agreement between the Company and K4 evidencing the note.
A member of the Companys board of directors and the Companys President and Chief Operating Officer, John Krohn, is the Managing Member of K4 and in such capacity holds voting and dispositive power over the securities held by such entity. Mr. Krohn holds 50% of the equity ownership interest in K4 and thus is a beneficial owner of 50% of the securities held by K4.
Pursuant to the requirements of th e Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
SPOTLIGHT INNOVATION INC.
Dated: April 25, 2017
/s/ John William Pim
John William Pim
Chief Financial Officer
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