Current Report Filing (8-k)
April 01 2022 - 5:08AM
Edgar (US Regulatory)
0001393548
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0001393548
2022-03-29
2022-03-29
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xbrli:shares
iso4217:USD
xbrli:shares
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
Date
of Report (Date of earliest event reported): March
29th, 2022
CLICKSTREAM
CORPORATION
nevada |
000-52944 |
46-5582243 |
(State
or other jurisdiction of incorporation) |
(Commission
File Number) |
(IRS
Employer Identification No.) |
8549
Wilshire Blvd., Suite
2181
Beverly
Hills, CA
90211
(Address
of principal executive offices)
(213)
205-0684
(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 of 1933 (17 CFR 230.425) |
☐ | Soliciting
material pursuant to Rule 14a-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(e) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
Title
of Each Class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
N/A |
|
N/A |
|
N/A |
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 1.01 Entry into a Material Definitive Agreement
Effective March 29, 2022,
Clickstream Corporation (the “Company”) and its subsidiary Rebel Blockchain Corp (“Rebel”) entered into a
Collaboration Agreement (the “Agreement”) with The Stan Lee Estate (“SLE”) and Roc Nation LLC (“Roc
Nation”) pursuant to which the parties will collaborate in the mining, marketing and distributing of non-fungible tokens
(“NFTs) of among other things data, art, assets, expressions and any other information, expressions and renderings of or
related to SLE that SLE owns, controls or otherwise has the right to use and distribute on a non-exclusive and exclusive basis
including 147 original art drawings by Stan Lee and autographed by Stan Lee as one NFT, Stan Lee original drawings of Spiderman
Circa 1940’s, Stan Lee/Charles Schultz collaboration painting of Snoopy and Spiderman, Silver Surfer artwork original and
Spiderman woven tapestry original.
For its compensation under the
Agreement, the Company will receive 10% of net revenues from original issue NFT’s and 20% of all resale net revenues. In turn, the
Company will issue to SLE (a) 15,000,000 restricted shares of the Company’s common stock upon execution of the Agreement and (b)
10,000,000 restricted shares of the Company’s Common Stock after in each case NFT gross sales reach $1.000,000, $10,000,000 and
$20,000,000. Additionally, SLE is to receive a series of 5% equity interests in Rebel after in each case NFT gross sales reach $1,000,000,
$5,000,000, $75,000,000 and $100,000,000. Also, Roc Nation is to receive 15,000,000 restricted shares of the Company’s Common Stock
upon execution of this Agreement and 5,000,000 restricted shares when NFT gross sales reach $10,000,000.
The foregoing summary of the Agreement
does not purport to be complete and is qualified in its entirety by the terms and conditions set forth in the form thereof attached hereto
as Exhibit 10.1 which is incorporated by reference herein, in its entirety.
Item 3.02 Unregistered Sales of Equity Securities
Reference is made to the discussion in Item 1.01, which
is hereby incorporated by reference. All such securities are restricted shares to be issued pursuant to an exemption from the registration
requirements of the Securities Act of 1933 under Section 4(a)(2).
Item 9.01 Financial Statements and Exhibits.
SIGNATURES
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.
Date: March 31st, 2022 |
CLICKSTREAM CORPORATION |
|
|
|
By: |
/s/ Frank Magliochetti |
|
|
Frank Magliochetti Chief Executive Officer |
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