UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 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): December 18, 2017

 

Inspired Builders, Inc.

(Exact name of small business issuer as specified in its charter)

 

Nevada   333-171636   27-1989147
(State or other jurisdiction of
incorporation or organization) 		  (Commission File Number)   (IRS Employer
Identification No.)

 

8950 SW 74 th  Ct

Suite 2201-A44

Miami, FL 33156

(Address of principal executive offices)

  

(786) 323-7900

(Registrant’s telephone number)

 

 

(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 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(c) under the Exchange Act (17 CFR 240.13e-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 3.02 Unregistered Sales of Equity Securities.

 

The Company issued 90,000,000 shares to JJL Capital Management, LLC, a company beneficially owned by Scott Silverman, the sole officer and director of the Company, for services rendered to the Company by Scott Silverman in reliance upon the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended. The Company’s reliance upon Section 4(a)(2) of the Securities Act of 1933, as amended in issuing the securities was based upon the following factors: (a) the issuance of the securities was an isolated private transaction by us which did not involve a public offering; (b) there was only one recipient; (c) there were no subsequent or contemporaneous public offerings of the securities by the Company; (d) the securities were not broken down into smaller denominations; (e) the negotiations for the issuance of the securities took place directly between the individual and the Company; and (f) the recipients of the securities was an accredited investor.

 

Item 3.03 Material Modification to Rights of Security Holders.

 

On December 18, 2017, the Company filed a Certificate of Amendment to the Company’s Articles of Incorporation (the “Amendment”) with the Secretary of State of Nevada to increase the number of authorized shares of common stock, par value $0.001 per share, from fifty million (50,000,000) shares to two hundred and fifty million (250,000,000) shares. A true and correct copy of the Amendment is filed as Exhibit 3.1 to this report. 

 

Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

 

Item 3.03 is hereby incorporated by reference.

 

Item 9.01 Financial Statements and Exhibits.

 

Exhibit

Number

  Exhibit
3.1   Certificate of Amendment to Articles of Incorporation, dated December 18, 2017.

 

  2  

 

 

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.

 

  Inspired Builders, Inc.
     
Date: December 20, 2017 By: /s/ Scott J. Silverman
    Scott J. Silverman
    President, Chief Executive Officer
(Principal Executive Officer), Treasurer, Chief Financial Officer (Principal Financial Officer (Principal Accounting Officer) and Director.

 

  3  

Exhibit 3.1