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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 2/21/24 Coyuchi, Inc. 1-U:8 2/21/24 2:1.2M M2 Compliance LLC/FA |
Document/Exhibit Description Pages Size 1: 1-U Current Report HTML 21K 2: ADD EXHB Miscellaneous Exhibit HTML 5K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 1-U
CURRENT REPORT
Pursuant to Regulation A of the Securities Act of 1933
(Date of Report)
Coyuchi, Inc.
(Exact name of issuer as specified in its charter)
| California | 68-0263042 | |
| (State or other jurisdiction | (I.R.S. Employer | |
| of organization) | Identification Number) |
1400 Tennessee Street, Unit 1, San Francisco, California 94107
(Address of principal executive office)
(888) 418-8847
(Issuer’s telephone number, including area code)
Series C Preferred Stock
Common Stock issuable upon conversion of Series C Preferred Stock
(Title of each class of securities issued pursuant to Regulation A)
This Current Report on Form 1-U is issued in accordance with Rule 257(b)(4) of Regulation A, and is neither an offer to sell any securities, nor a solicitation of an offer to buy, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Item 8. Certain Unregistered Sales of Equity Securities
On September 30, 2023, Coyuchi, Inc. (the “Company”) entered into a Debt Cancellation and Pay-off Agreement (the “Debt Cancellation Agreement”) with Kevin R. Brine and Jessica Smith (collectively, the “Lender”). Pursuant to the Debt Cancellation Agreement, the Company issued the Lender an aggregate of 1,669,754 shares of Series C Preferred Stock, par value $0.00001 per share (the “Series C Preferred Stock”), in satisfaction of the Company’s aggregate indebtedness in the principal amount of $5,410,000 owing to Lender under (i) that certain Promissory Note dated August 2022 in the principal amount of $4,750,000 made by the Company to the Lender and (ii) that certain Loan Agreement dated March 23, 2023 in the principal amount of $660,000 by and between the Lender and Company.
| Exhibit No. | Exhibit Description | |
| 6.1 | Debt Cancellation and Pay-Off Agreement by and between Coyuchi, Inc. and Kevin R. Brine and Jessica Smith, dated September 30, 2023. |
SIGNATURE
Pursuant to the requirements of Regulation A, the issuer has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, on February 21, 2024.
| COYUCHI, INC. | ||
| By: | /s/ Eileen Mockus | |
| Eileen Mockus | ||
| President and Chief Executive Officer | ||
| This ‘1-U’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| Filed on / For Period end: | 2/21/24 | None on these Dates | ||
| 9/30/23 | ||||
| 3/23/23 | ||||
| List all Filings | ||||