SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Pursuant to Section 13 or 15(d)
Of the Securities Exchange Act of 1934
September 15, 2020
Date of report (date of earliest event reported)
RocketFuel Blockchain, Inc.
(Exact Name of Registrant as Specified in Charter)
|Nevada||Commission File No. 033-17773-NY||90-1188745|
(State or Other Jurisdiction of
3651 Lindell Road, Suite D565, Las Vegas, NV, 89103
(Address of Principal Executive Offices)
(Registrant’s Telephone Number)
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))|
Securities registered pursuant to Section 12(b) of the Act:
|Title of Each Class||Trading Symbol(s)||Name of each exchange on which registered|
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 Sale of Equity Securities.
On September 15, 2020, we issued a warrant to purchase 2,393,842 shares of our common stock to Peter M. Jensen. The Warrant is described below under Item 5.02 of this Form 8-K.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On September 15, 2020, we appointed Peter M. Jensen as our Chief Executive Officer. Gert Funk, our previous Chief Executive Officer, will remain the chairman of our board of directors. On September 15, 2020, Mr. Jensen was also appointed a member of our board of directors to fill the vacancy created by the previous resignation of a board member in 2018.
Mr. Jensen, age 55, is an experienced IT executive with extensive global experience within enterprise software. From 2019 to 2020 he was chief executive officer of Spanugo, a provider of security assurance applications, which was sold to IBM. From 2016 to 2017 he was chief executive officer of Presidiohealth, a provider of software and services to health care providers to manage the patient experience. From 2014 to 2016 he was chief executive officer of ParStream, which created the first analytics database for the Internet of Things (IoT); this company was acquired by CISCO in 2016. From 2011 to 2014 he was chief executive officer of Stopthehacker.com, a provider of website security and privacy services. Previously, he held sales and marketing positions with several other technology companies including Symantec, Oracle and VMWare. Mr. Jensen holds an MBA from the Copenhagen Business School.
Our Board has concluded that Mr. Jensen is an appropriate person to represent management on our Board of Directors given his position as our Chief Executive Officer, his professional credentials, and his experience as a chief executive officer in the technology industry.
Mr. Jensen’s employment agreement provides for a base salary of $7,500 per month, which will increase to $20,000 per month once we have received gross proceeds of at least $2,000,000 in subsequent equity round financings. He will also be entitled to a performance bonus of $25,000 per calendar quarter based on his achieving quarterly financial and business objectives and milestones to be determined by our board of directors.
Mr. Jensen also received a grant of options to purchase 2,393,842 shares of our common stock. The options will be issued under our 2018 Stock Incentive Plan (the “Plan”). The options will (i) be incentive stock options, (ii) have an exercise price equal to the fair market value per share of our common stock on September 15, 2020, as determined by an independent valuation by a qualified appraiser, (iii) have a term of 10 years, (iv) vest and become exercisable as to 1/48th of the shares subject to the options on the 15th day of each calendar month during the term of his employment agreement, commencing on October 15, 2020, (v) be subject to the exercise, forfeiture and termination provisions set forth in the Plan and (vi) otherwise be evidenced by and subject to the terms of our standard form of stock option agreement.
Upon our closing of an equity funding, in one or more rounds prior to April 30, 2021, resulting in aggregate gross proceeds to us of $2,000,000 or more, Mr. Jensen will receive warrants to purchase 265,982 shares of our common stock. The warrants will have a term of 10 years, be fully vested on the date of issuance, and have an exercise price equal to the weighted average price per share paid by the investors in such equity funding rounds.
Mr. Jensen’s employment agreement has a term of one year, and thereafter automatically renews on a month-to-month basis. If Mr. Jensen should voluntarily terminate his agreement, or if we terminate his agreement other than for cause (as defined in the Plan), then he will be entitled to 12 months of accelerated vesting of his stock options.
Item 7.01 Regulation FD Disclosure
A copy of a press release issued by the Company relating to Mr. Jensen is attached hereto as Exhibit 99.1 and is hereby incorporated.
Item 8.01 Other Events
On September 15, 2020, our board of directors amended the Plan to increase the number of shares available for grant from 2,000,000 to 4,000,000. The board also directed that the amendment be submitted to our stockholders for approval. Subsequent to the grant to Mr. Jensen described in Item 5.02 above, the Plan as amended will have 1,106,158 shares available for future grants.
Item 9.01 Financial Statements and Exhibits
|10.1||Executive Employment Agreement, dated as of September 15, 2020, between the registrant and Peter M. Jensen*|
|10.2||Amendment No. 1 to 2018 Stock Option Plan|
|99.1||Press Release dated September 15, 2020.|
|* Confidential portions of this exhibit have been redacted.|
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
|Dated: September 21, 2020||RocketFuel Blockchain, Inc.|
|By:||/s/ Bennett J. Yankowitz|
|Bennett J. Yankowitz|
|Chief Financial Officer|
[Note: certain identified information has been excluded from this exhibit because it is both (i) not material and (ii) would likely cause competitive harm to the registrant if publicly disclosed.]
EXECUTIVE EMPLOYMENT AGREEMENT
This EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered into as of the 15th day of September, 2020 (the “Effective Date”), by and between RocketFuel Blockchain, Inc., a Nevada corporation (“Employer”), and Peter M. Jensen (“Executive”), and is made with reference to the following facts:
A. Employer desires to employ Executive as its Chief Executive Officer in order to have the benefit of Executive’s special knowledge, experience, reputation and abilities in the industry in which Employer is engaged; and
B. Executive has advised Employer of his willingness to act as Chief Executive Officer and to utilize his special knowledge, experience, reputation and abilities for the benefit of Employer and its members under the terms and conditions provided herein.
NOW, THEREFORE, in consideration of the mutual promises hereinafter set forth and other good and valuable consideration had and received, the parties hereto hereby agree as follows:
1. Employment. Upon and subject to the terms, conditions and other provisions of this Agreement, Employer hereby employs Executive and Executive hereby accepts this employment and agrees to exercise and perform faithfully, exclusively (subject to Section 2(b) hereof), and to the best of his ability on behalf of Employer the powers and duties of Chief Executive Officer on the terms and conditions set forth herein.
2. Executive’s Services and Duties. During the Term, Executive shall:
(a) Observe and conform to the policies and directions promulgated from time to time by Employer’s Board of Directors (the “Board”).
(b) Serve as Chief Executive Officer and perform all services, acts and things necessary or advisable to manage and conduct the business of Employer, subject to the policies set by the Board. Subject to the supervision and control of Board, to whom he shall report, Executive shall do and perform all services and acts necessary or advisable to fulfill the duties and responsibilities of his position as Chief Executive Officer and shall render such services on the terms set forth herein.
(c) Executive shall also serve as a member of Employer’ Board during the Term.
(d) Except for sick leave, vacations (as provided in Section 4(c), below), and excused leaves of absence, Executive shall, throughout the Term, devote a minimum of 20 hours per calendar month to the duties and responsibilities of his position in furtherance of the business affairs and activities of the Company and its subsidiaries, affiliates and strategic partners. Executive may engage in such personal, professional, investment, business and charitable activities as do not conflict with the business of the Company or interfere with Executive’s duties under this Agreement. Executive shall at all times be subject to, observe and carry out such rules, regulations, policies, directions, and restrictions as the Board may from time to time establish for senior executive officers of the Company.
3. Term. The term of Executive’s employment by Employer pursuant to this Agreement (the “Term”) shall commence on the Effective Date and, unless sooner terminated as provided in this Agreement or extended by mutual agreement of the parties hereto, shall terminate and expire on the first anniversary of the date hereof, subject to the terms and conditions contained herein. The Term shall thereafter be automatically extended on a month-to-month basis; provided that following the initial one-year Term, either Executive or Employer may terminate this Agreement on 30 days’ prior written notice to the other.
4. Compensation and Other Benefits. As compensation in full for the services to be rendered by Executive hereunder, Employer shall pay, and Executive shall accept, the following compensation:
(a) Salary. Employer shall pay to Executive a salary, exclusive of bonus compensation, of $7,500 per month, payable during the Term; provided that commencing on the closing date of the next equity funding round of Employer for which the gross proceeds to Employer, together with any previous equity finding rounds that closed after the Effective Date, is at least $2,000,000, Executive’s monthly salary shall be increased to $20,000 per month.
(b) Bonus. Executive shall be entitled to bonus compensation of $25,000 per fiscal quarter, based on a formula to be determined by the Board in connection with the Board’s setting of quarterly financial and business objectives and milestones for Employer. The bonus shall be prorated for each partial quarter during the Term. The bonus shall be due and payable on the 30th day of the month following each such quarterly period or portion thereof.
(c) Vacation. In addition to normal public holidays, Executive shall be entitled to such amount of paid vacation during each calendar year as the board may determine for senior executives.
(d) Benefits Generally Offered. Executive shall be entitled to participate in all fringe benefit programs that Employer generally makes available to its executive officers, including without limitation vacation and paid other paid leave, group hospitalization, group disability policies, medical and dental plans and group life insurance plans, and pension, 401(k) and similar plans. Until such time as Employer has established a health care insurance plan, Employer shall reimburse Executive for his health care insurance premiums during the term in an amount not to exceed $1,500 per month.
(e) Stock Options. Subject to the commencement of Executive’s employment hereunder and to the amendment of Employer’s 2018 Stock Incentive Plan (the “Plan”) to increase the number of shares available thereunder to 3,000,000, the Board has approved the grant to Executive as of the Effective Date of an option (the “Option”) to purchase 2,393,842 shares of Employer’s common stock, par value $0.001 per share. The Option shall (i) be an incentive stock option, (ii) have an exercise price equal to the fair market value per share of Employer’s common stock on the Effective Date, as determined by an independent valuation by a qualified appraiser, (iii) have a term of 10 years following the Effective Date, (iv) vest and become exercisable as to 1/48th of the shares subject to the Option (the “Option Shares”) on the 15th day of each calendar month during the Term, commencing on October 15, 2020, (v) be subject to the exercise, forfeiture and termination provisions set forth in the Plan and (vi) otherwise be evidenced by and subject to the terms of Employer’s standard form of stock option agreement.
(f) As an additional bonus, upon the closing of an equity funding, in one or more rounds after the Effective Date and prior to April 30, 2021, resulting in aggregate gross proceeds to Employer of $2,000,000 or more, Executive shall receive warrants to purchase 265,982 shares of Employer’s common stock. The warrants shall have a term of 10 years, be fully vested on the date of issuance, and have an exercise price equal to the average price per share paid in such equity funding rounds.
5. Certain Business Expenses. Executive is authorized to incur ordinary, necessary and reasonable expenses in the course of performing his duties and obligations with respect to the business of Employer, including expenses for entertainment, travel and similar items; provided that Employer shall at all times comply with the Company’s policies regarding expense reimbursements. Employer shall promptly reimburse Executive for all such expenses paid by Executive on behalf of Employer upon the presentation by Executive of an itemized request for reimbursement of expenditures supported by documentation on Employer-approved forms.
6. Proprietary Rights and Confidentiality. Executive has entered into an Executive Invention Assignment and Confidentiality Agreement, which agreement, attached hereto as Annex A, is hereby incorporated herein in its entirety.
7. Executive Representations and Warranties. Executive warrants and represents to and covenants with Employer that:
(a) The execution, delivery and performance of the Agreement by Executive do not conflict with or violate any provision of or constitute a default under any agreement, judgment, award or decree to which Executive is a party or by which Executive is bound.
(b) Executive has had full opportunity to review Employer’s periodic filings with the Securities and Exchange Commission (the “SEC”) and additional information regarding the business and financial condition of Employer. Executive believes he has received all the information he considers necessary or appropriate for deciding whether to enter into this Agreement and to receive as compensation the Option, the Option Shares, the Warrant and the shares of common stock issuable upon exercise of the Warrants (together, the “Securities”). Executive further represents that he has had an opportunity to ask questions and receive answers from Employer regarding the business, properties, prospects and financial condition of Employer. Executive has had full opportunity to discuss this information with Executive’s legal and financial advisers prior to execution of this Agreement.
(c) Executive acknowledges that the Securities are being issued by Employer pursuant to an exemption from registration under the Securities Act of 1933 (the “Securities Act”). Executive understands that the Securities are characterized as “restricted securities” under the Securities Act and that under such laws and applicable regulations such securities may be resold without registration under the Securities Act only in certain limited circumstances. In this connection, Executive represents that he is familiar with SEC Rule 144, as presently in effect, and understands the resale limitations imposed thereby and by the Securities Act.
(d) The Securities will be acquired by Executive for investment for Executive’s own account, not as a nominee or agent, and not with a view to the resale or distribution of any part thereof, and Executive has no present intention of selling, granting any participation in, or otherwise distributing the same. Executive does not have any contract, undertaking, agreement or arrangement with any person to sell, transfer or grant participations to such person or to any third person, with respect to any of the Securities.
(e) Executive is purchasing the Securities as principal for his own account and not for the benefit of any other person.
(f) Executive is an accredited investor as defined in Regulation D under the Securities Act.
8. Termination Prior to Expiration of Term. Prior to the expiration of the Term, Executive’s employment hereunder may be terminated by Employer for Cause upon five days’ written notice to Executive that describes such Cause in detail. Executive shall have no right to receive the compensation and other benefits set forth in this Section 4 for any period commencing after the date of termination for cause. For these purposes, the term “Cause” as used in this Agreement shall have the meaning set forth in Section 2 of the Plan.
9. Death During Employment. If Executive dies during the Term, Employer shall pay to the estate of Executive the compensation which would otherwise be payable to Executive up to the end of the month in which his death occurs, and Employer shall have no further obligation under this Agreement.
10. Covenant Not to Compete. In the event that Employer terminates Executive’s employment hereunder for Cause, or in the event that Executive voluntarily terminates his employment hereunder, Executive shall, in connection with any sale of all or substantially all of his equity interests in the Company resulting from such termination, be prohibited from carrying on or participating in a business similar to that of Employer for a period of two years following such termination, unless Executive has express prior written consent from Employer’s Board, which approval shall not be unreasonably withheld.
11. Notices. All notices and other communications required or permitted by this Agreement shall be in writing and will be effective, and any applicable time period shall commence, when (a) delivered to the following address by hand or by a nationally recognized overnight courier service (costs prepaid) addressed to the following address or (b) transmitted electronically to the following facsimile numbers or e-mail addresses, in each case marked to the attention of the Person (by name or title) designated below (or to such other address, facsimile number, e-mail address, or Person as a party may designate by notice to the other parties):
|If to Employer:||
RocketFuel Blockchain, Inc.
468 N. Camden Dr., Suite 350
Beverly Hills, CA 90210
Attention: Bennett J. Yankowitz, CFO
Facsimile Number: (310) 388-0582
|If to Executive:||
Peter M. Jensen
12. Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.
13. Headings. The headings herein are for convenience only, do not constitute a part of this Agreement, and shall not be deemed to limit or affect any of the provisions hereof.
14. Entire Understanding. This Agreement constitutes the entire agreement and understanding between the parties with respect to the employment of Executive by Employer, and supersedes all prior agreements, representations and understandings, both written and oral, between the parties hereto with respect to the subject matter hereof.
15. Amendments. This Agreement may not be modified or changed except by written instrument signed by both parties hereto.
16. Governing Law; Forum Selection. This Agreement, and all matters relating hereto and arising herefrom (whether sounding in contract law, tort law or otherwise), including without limitation enforcement of the obligations of Executive hereunder, shall be interpreted in accordance with the internal laws (and not the conflict of laws rules) of the state of Nevada governing contracts to be performed entirely within such state. Executive hereby consents to the exclusive jurisdiction of any state or federal court located within Clark County, Nevada. Executive waives any objection of forum non conveniens and venue in connection with any proceedings commenced by Employer in any of the foregoing courts. Executive waives personal service of any and all process upon Executive, and consents that all such service of process be made by messenger, certified mail or registered mail, or nationally recognized overnight courier directed to Executive at the address set forth above. Executive’s signature hereto (or such other address as Executive may give notice of to Employer) and service so made shall be deemed to be completed upon actual receipt. Executive further waives any right Executive may otherwise have to collaterally attack any judgment entered against Executive.
17. Arbitration. Any action to enforce or interpret this Agreement, or to resolve disputes with respect to this Agreement as between the parties shall be settled by arbitration in accordance with the rules of the American Arbitration Association. Arbitration shall be the exclusive dispute resolution process in the State of Nevada, but arbitration shall be a nonexclusive process elsewhere. Any party may commence arbitration by sending a written demand for arbitration to the other parties. Such demand shall set forth the nature of the matter to be resolved by arbitration. Employer shall select the place of arbitration. The substantive law of the State of Nevada shall be applied by the arbitrator to the resolution of the dispute. The parties shall share equally all initial costs of arbitration. The prevailing party shall be entitled to reimbursement of attorney fees, costs, and expenses incurred in connection with the arbitration. All decisions of the arbitrator shall be final, binding, and conclusive on all parties. Judgment may be entered upon any such decision in accordance with applicable law in any court having jurisdiction thereof. The arbitrator (if permitted under applicable law) or such court may issue a writ of execution to enforce the arbitrator’s decision.
18. Construction. Whenever in this Agreement the context so requires, references to the masculine shall be deemed to include the feminine and neuter, references to the neuter shall be deemed to include the masculine and feminine, and references to the plural shall be deemed to include the singular and the singular to include the plural.
19. Cooperation. Each party hereto shall cooperate with the other party and shall take such further action and shall execute and deliver such further documents as may be necessary or desirable in order to carry out the provisions and purposes of this Agreement.
20. Waiver. No amendment or waiver of any provision of this Agreement shall in any event be effective, unless the same shall be in writing and signed by the parties hereto, and then such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given. The failure of any party to insist, in any one or more instances, upon performance of any of the terms, covenants or conditions of this Agreement shall not be construed as a waiver or relinquishment of any rights granted hereunder or any such term, covenant or condition. The failure of any party to insist, in any one or more instances, upon performance of any of the terms, covenants or conditions of this Agreement shall not be construed as a waiver or relinquishment of any rights granted hereunder or any such term, covenant or condition.
21. Parties in Interest; Assignment. This Agreement shall inure to the benefit of and be binding upon the parties hereto and their respective permitted successors, assigns, heirs and/or personal representatives. Except as specifically provided herein, neither this Agreement nor any interest herein shall be assigned or assignable, by operation of law or otherwise, by any party, without the prior written consent of the other party, except that, without such consent, Employer may assign this Agreement or any interest therein, by operation of law or otherwise, to (a) any successor to all or substantially all of its equity ownership interests, assets or business by dissolution, merger, consolidation, transfer of assets, or otherwise, or (b) any direct or indirect subsidiary of Employer or of any such successor referred in (a) hereof. Nothing in this Agreement, expressed or implied, is intended to confer on any person other than the parties and their respective successors and permitted assigns any rights or remedies under or by reason of this Agreement.
22. Severability. If any provision of this Agreement shall be deemed invalid, unenforceable or illegal, then notwithstanding such invalidity, unenforceability or illegality the remainder of this Agreement shall continue in full force and effect.
23. Full Understanding. Executive represents and agrees that she fully understands his right to discuss all aspects of this Agreement with his private attorney, and that to the extent, if any, that she desired, she availed herself of this right. Executive further represents that she has carefully read and fully understands all of the provisions of the Agreement, that she is competent to execute this Agreement, that his agreement to execute this Agreement has not been obtained by any duress and that she freely and voluntarily enters into it, and that she has read this document in its entirety and fully understands the meaning, intent and consequences of this document.
[Signature page follows]
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first written above.
|Employer:||RocketFuel Blockchain, Inc.|
|By:||/s/ Bennett J. Yankowitz|
|Bennett J. Yankowitz, CFO|
|/s/ Peter M. Jensen|
|Peter M. Jensen|
AMENDMENT NO. 1 TO
ROCKETFUEL BLOCKCHAIN, INC.
2018 STOCK INCENTIVE PLAN
This Amendment No. 1 (this “Amendment”) amends the 2018 Stock Incentive Plan (the “Plan”) of RocketFuel Blockchain, Inc., a Nevada corporation (formerly B4MC gold mines, Inc.)(the “Company”).
1. Defined Terms. Unless otherwise defined in this Amendment, capitalized terms have the meanings set forth in the Plan.
2. Increase in Number of Shares subject to the Plan. Section 3(a) of the Plan is amended to read as follows:
(a) Maximum Number of Shares. Subject to the provisions of Section 11(a) below, the maximum aggregate number of Shares that may be issued in connection with all Awards (including Incentive Stock Options) is 4,000,000 Shares. The Shares may be authorized but unissued, or reacquired Common Stock or treasury shares.
3. Stockholder Approval. This Amendment shall be submitted to the stockholders of the Company for approval within 12 months after the date of its approval by the Company’s board of directors.
4. Continuation. Except as set forth in this Amendment, the provisions of the Plan shall remain in full force and effect.
The undersigned Secretary certifies that the foregoing sets forth Amendment No. 1 to the RocketFuel Blockchain, Inc. 2018 Stock Incentive Plan as duly adopted by the Board as of September 15, 2020.
|Dated: September 15, 2020||/s/ Bennett J. Yankowitz|
|Bennett J. Yankowitz, Secretary|
RocketFuel Blockchain Appoints New CEO to Drive Next Phase of Growth
Las Vegas, Nevada, September 15, 2020 (GLOBE NEWSWIRE) — RocketFuel Blockchain, Inc. (OTC: RKFL) (“RocketFuel” or the “Company”), a developer of blockchain-based check-out technologies for eCommerce and brick and mortar retailers, today announced that it had appointed Peter M. Jensen as its CEO, effective today. Jensen, a well-known Silicon Valley executive, has over 30 years’ experience in tech, having served in senior positions with Oracle and Symantec. As a CEO, he has built up several growth-stage companies from pre-revenue to the point where they could be sold to major corporations. Jensen will also join RocketFuel’s board of directors. Gert Funk will step down as CEO but remain as Chairman of the Board and will also continue to head RocketFuel’s sales efforts to online merchants.
Jensen was most recently CEO of Spanugo, a venture-capital backed provider of security assurance applications, which was sold to IBM in 2020. Prior to that he was CEO of Presidiohealth, which developed software to manage patient experience for the healthcare industry; ParStream, a venture-capital backed provider of analytics databases for the Internet of things, which was acquired by CISCO in 2016; and Stopthehacker.com, a SAAS company that provides security and reputation protection, which was acquired by Cloudflare in 2014. He was also Vice President of Sales at Pancetera, which was acquired by Quantum in 2011, and of Thinstall, which was acquired by VMWare in 2008.
Gert Funk commented: “We are very fortunate to have an executive of Peter’s experience and knowledge of the tech industry join RocketFuel as our CEO. As we continue to focus on completing the development of our check-out technologies and begin beta testing of our software with online merchants, we believe that Peter’s deep background in the tech industry and his extensive contacts in Silicon Valley will propel our company’s growth and take us to the next level. Furthermore, Peter has demonstrated tremendous success in partnering with founders of late stage start-ups to accelerate growth. He also has extensive operational, sales and management experience at some of the largest companies in the Valley as well as several highly successful early stage tech companies. I’m excited to have him join our company to lead us into our future.”
Peter Jensen commented: “I am thrilled to be joining RocketFuel as its new CEO. I believe that the company’s blockchain-based checkout technology will provide a much-needed solution to merchant’s and customers’ desire for privacy and security in online transactions. I have been thoroughly impressed by RocketFuel’s current team and its major investors, several of whom I have known for decades. I look forward to working with the Board as we build RocketFuel into a world-class leader in the online payments space.”
About RocketFuel Blockchain, Inc.
RocketFuel Blockchain Inc. is developing blockchain-based technologies to bring highly efficient check-out and privacy protection solutions to eCommerce and brick and mortar merchants and their customers.
The blockchain technologies developed by RocketFuel are designed to focus on enhanced customer privacy protection eliminating the risk of data breach while increasing the speed, the security and the ease of use. RocketFuel believes that users of its technologies will be able to enjoy seamless check-out and forget about the clunky cart paradigm of the past. We also believe merchants will be able to implement new impulse buying schemes and generate new sales channels that may be unavailable in present day eCommerce sites. More information about RocketFuel is available at: rocketfuelblockchain.com
The Company believes that this press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Terms such as “may,” “might,” “would,” “should,” “could,” “project,” “estimate,” “pro-forma,” “predict,” “potential,” “strategy,” “anticipate,” “attempt,” “develop,” “plan,” “help,” “believe,” “continue,” “intend,” “expect,” “future,” and terms of similar import (including the negative of any of these terms) may identify forward-looking statements. Such forward-looking statements, including but not limited to statements regarding the plans and objectives of management for future operations, are based on management’s current expectations and are subject to risks and uncertainties that could cause results to differ materially from the forward-looking statements. Actual results and the timing of certain events and circumstances may differ materially from those described by the forward-looking statements as a result of these risks and uncertainties. Factors that may influence or contribute to the accuracy of the forward-looking statements or cause actual results to differ materially from expected or desired results may include, without limitation, market acceptance of the company’s products and services; competition from existing products or new products that may emerge; the implementation of the company’s business model and strategic plans for its business and our products; estimates of the company’s future revenue, expenses, capital requirements and need for financing; current and future government regulations; and developments relating to the company’s competitors. Readers are cautioned not to place undue reliance on forward-looking statements because of the risks and uncertainties related to them. For further information on such risks and uncertainties, you are encouraged to review the Company’s filings with the Securities and Exchange Commission (“SEC”), including its Annual Report on Form 10-K for the fiscal year ended March 31, 2020. The Company assumes no obligation to update any forward-looking statements as a result of new information or future events or developments, except as required by law.
For further information contact: email@example.com