Issuer CIK | 0000725929 |
Issuer CCC | XXXXXXXX |
DOS File Number | |
Offering File Number | 024-10888 |
Is this a LIVE or TEST Filing? | ☒ LIVE ☐ TEST |
Would you like a Return Copy? | ☐ |
Notify via Filing Website only? | ☐ |
Since Last Filing? | ☐ |
Name | |
Phone | |
E-Mail Address |
Exact name of issuer as specified in the issuer's charter | B2Digital, Incorporated |
Jurisdiction of Incorporation / Organization |
DELAWARE
|
Year of Incorporation | 1991 |
CIK | 0000725929 |
Primary Standard Industrial Classification Code | SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION |
I.R.S. Employer Identification Number | 84-0916299 |
Total number of full-time employees | 1 |
Total number of part-time employees | 0 |
Address 1 | 4522 West Village Drive |
Address 2 | Suite 215 |
City | Tampa |
State/Country |
FLORIDA
|
Mailing Zip/ Postal Code | 33624 |
Phone | 813-961-3051 |
Name | Brian Higley, Esq. |
Address 1 | |
Address 2 | |
City | |
State/Country | |
Mailing Zip/ Postal Code | |
Phone |
Industry Group (select one) | ☐ Banking ☐ Insurance ☒ Other |
Cash and Cash Equivalents |
$
27579.00 |
Investment Securities |
$
0.00 |
Total Investments |
$
|
Accounts and Notes Receivable |
$
65416.00 |
Loans |
$
|
Property, Plant and Equipment (PP&E): |
$
55065.00 |
Property and Equipment |
$
|
Total Assets |
$
347365.00 |
Accounts Payable and Accrued Liabilities |
$
109627.00 |
Policy Liabilities and Accruals |
$
|
Deposits |
$
|
Long Term Debt |
$
14000.00 |
Total Liabilities |
$
198627.00 |
Total Stockholders' Equity |
$
148738.00 |
Total Liabilities and Equity |
$
347365.00 |
Total Revenues |
$
346688.00 |
Total Interest Income |
$
|
Costs and Expenses Applicable to Revenues |
$
251550.00 |
Total Interest Expenses |
$
|
Depreciation and Amortization |
$
12951.00 |
Net Income |
$
-133811.00 |
Earnings Per Share - Basic |
$
0.00 |
Earnings Per Share - Diluted |
$
0.00 |
Name of Auditor (if any) | Accell Audit and Compliance, PA |
Name of Class (if any) Common Equity | Common Stock |
Common Equity Units Outstanding | 377620110 |
Common Equity CUSIP (if any): | 11777J304 |
Common Equity Units Name of Trading Center or Quotation Medium (if any) | OTC Markets |
Preferred Equity Name of Class (if any) | Preferred Equity Series A |
Preferred Equity Units Outstanding | 2000000 |
Preferred Equity CUSIP (if any) | 00000None |
Preferred Equity Name of Trading Center or Quotation Medium (if any) | None |
Preferred Equity Name of Class (if any) | Preferred Equity Series B |
Preferred Equity Units Outstanding | 0 |
Preferred Equity CUSIP (if any) | 00000None |
Preferred Equity Name of Trading Center or Quotation Medium (if any) | None |
Debt Securities Name of Class (if any) | Loan |
Debt Securities Units Outstanding | 60000 |
Debt Securities CUSIP (if any): | 00000None |
Debt Securities Name of Trading Center or Quotation Medium (if any) | None |
Check this box to certify that all of the following statements are true for the issuer(s)
☒
Check this box to certify that, as of the time of this filing, each person described in Rule 262 of Regulation A is either not disqualified under that rule or is disqualified but has received a waiver of such disqualification.
☒
Check this box if "bad actor" disclosure under Rule 262(d) is provided in Part II of the offering statement.
☐
Check the appropriate box to indicate whether you are conducting a Tier 1 or Tier 2 offering | ☐ Tier1 ☒ Tier2 |
Check the appropriate box to indicate whether the financial statements have been audited | ☐ Unaudited ☒ Audited |
Types of Securities Offered in this Offering Statement (select all that apply) |
☒Equity (common or preferred stock) |
Does the issuer intend to offer the securities on a delayed or continuous basis pursuant to Rule 251(d)(3)? | ☒ Yes ☐ No |
Does the issuer intend this offering to last more than one year? | ☐ Yes ☒ No |
Does the issuer intend to price this offering after qualification pursuant to Rule 253(b)? | ☐ Yes ☒ No |
Will the issuer be conducting a best efforts offering? | ☒ Yes ☐ No |
Has the issuer used solicitation of interest communications in connection with the proposed offering? | ☐ Yes ☒ No |
Does the proposed offering involve the resale of securities by affiliates of the issuer? | ☐ Yes ☒ No |
Number of securities offered | 600000000 |
Number of securities of that class outstanding | 526463860 |
Price per security |
$
0.0064 |
The portion of the aggregate offering price attributable to securities being offered on behalf of the issuer |
$
3840000.00 |
The portion of the aggregate offering price attributable to securities being offered on behalf of selling securityholders |
$
0.00 |
The portion of the aggregate offering price attributable to all the securities of the issuer sold pursuant to a qualified offering statement within the 12 months before the qualification of this offering statement |
$
0.00 |
The estimated portion of aggregate sales attributable to securities that may be sold pursuant to any other qualified offering statement concurrently with securities being sold under this offering statement |
$
0.00 |
Total (the sum of the aggregate offering price and aggregate sales in the four preceding paragraphs) |
$
3840000.00 |
Underwriters - Name of Service Provider | Underwriters - Fees |
$
| |
Sales Commissions - Name of Service Provider | Sales Commissions - Fee |
$
| |
Finders' Fees - Name of Service Provider | Finders' Fees - Fees |
$
| |
Audit - Name of Service Provider | Audit - Fees |
$
| |
Legal - Name of Service Provider | Business Legal Advisors, LLC | Legal - Fees |
$
5000.00 |
Promoters - Name of Service Provider | Promoters - Fees |
$
| |
Blue Sky Compliance - Name of Service Provider | Business Legal Advisors, LLC | Blue Sky Compliance - Fees |
$
2500.00 |
CRD Number of any broker or dealer listed: | |
Estimated net proceeds to the issuer |
$
3832500.00 |
Clarification of responses (if necessary) |
Selected States and Jurisdictions |
ALABAMA
ALASKA
ARIZONA
ARKANSAS
CALIFORNIA
COLORADO
CONNECTICUT
DELAWARE
FLORIDA
GEORGIA
HAWAII
IDAHO
ILLINOIS
INDIANA
IOWA
KANSAS
KENTUCKY
LOUISIANA
MAINE
MARYLAND
MASSACHUSETTS
MICHIGAN
MINNESOTA
MISSISSIPPI
MISSOURI
MONTANA
NEBRASKA
NEVADA
NEW HAMPSHIRE
NEW JERSEY
NEW MEXICO
NEW YORK
NORTH CAROLINA
NORTH DAKOTA
OHIO
OKLAHOMA
OREGON
PENNSYLVANIA
RHODE ISLAND
SOUTH CAROLINA
SOUTH DAKOTA
TENNESSEE
TEXAS
UTAH
VERMONT
VIRGINIA
WASHINGTON
WEST VIRGINIA
WISCONSIN
WYOMING
DISTRICT OF COLUMBIA
PUERTO RICO
|
None | ☐ |
Same as the jurisdictions in which the issuer intends to offer the securities | ☒ |
Selected States and Jurisdictions |
ALABAMA
ALASKA
ARIZONA
ARKANSAS
CALIFORNIA
COLORADO
CONNECTICUT
DELAWARE
FLORIDA
GEORGIA
HAWAII
IDAHO
ILLINOIS
INDIANA
IOWA
KANSAS
KENTUCKY
LOUISIANA
MAINE
MARYLAND
MASSACHUSETTS
MICHIGAN
MINNESOTA
MISSISSIPPI
MISSOURI
MONTANA
NEBRASKA
NEVADA
NEW HAMPSHIRE
NEW JERSEY
NEW MEXICO
NEW YORK
NORTH CAROLINA
NORTH DAKOTA
OHIO
OKLAHOMA
OREGON
PENNSYLVANIA
RHODE ISLAND
SOUTH CAROLINA
SOUTH DAKOTA
TENNESSEE
TEXAS
UTAH
VERMONT
VIRGINIA
WASHINGTON
WEST VIRGINIA
WISCONSIN
WYOMING
DISTRICT OF COLUMBIA
PUERTO RICO
|
None ☐
As to any unregistered securities issued by the issuer of any of its predecessors or affiliated issuers within one year before the filing of this Form 1-A, state:
(a)Name of such issuer | B2Digital, Incorporated |
(b)(1) Title of securities issued | Common Stock, $0.00001 par value |
(2) Total Amount of such securities issued | 123000000 |
(3) Amount of such securities sold by or for the account of any person who at the time was a director, officer, promoter or principal securityholder of the issuer of such securities, or was an underwriter of any securities of such issuer. | 0 |
(c)(1) Aggregate consideration for which the securities were issued and basis for computing the amount thereof. | For services. |
(2) Aggregate consideration for which the securities listed in (b)(3) of this item (if any) were issued and the basis for computing the amount thereof (if different from the basis described in (c)(1)). |
As to any unregistered securities issued by the issuer of any of its predecessors or affiliated issuers within one year before the filing of this Form 1-A, state:
(a)Name of such issuer | B2Digital, Incorporated |
(b)(1) Title of securities issued | Common Stock, $0.00001 par value |
(2) Total Amount of such securities issued | 43043750 |
(3) Amount of such securities sold by or for the account of any person who at the time was a director, officer, promoter or principal securityholder of the issuer of such securities, or was an underwriter of any securities of such issuer. | 0 |
(c)(1) Aggregate consideration for which the securities were issued and basis for computing the amount thereof. | 297600 |
(2) Aggregate consideration for which the securities listed in (b)(3) of this item (if any) were issued and the basis for computing the amount thereof (if different from the basis described in (c)(1)). |
As to any unregistered securities issued by the issuer of any of its predecessors or affiliated issuers within one year before the filing of this Form 1-A, state:
(a)Name of such issuer | B2Digital, Incorporated |
(b)(1) Title of securities issued | Common Stock, $0.00001 par value |
(2) Total Amount of such securities issued | 12816666 |
(3) Amount of such securities sold by or for the account of any person who at the time was a director, officer, promoter or principal securityholder of the issuer of such securities, or was an underwriter of any securities of such issuer. | 0 |
(c)(1) Aggregate consideration for which the securities were issued and basis for computing the amount thereof. | $32,150, debt conversions |
(2) Aggregate consideration for which the securities listed in (b)(3) of this item (if any) were issued and the basis for computing the amount thereof (if different from the basis described in (c)(1)). |
As to any unregistered securities issued by the issuer of any of its predecessors or affiliated issuers within one year before the filing of this Form 1-A, state:
(a)Name of such issuer | B2Digital, Incorporated |
(b)(1) Title of securities issued | Common Stock, $0.00001 par value |
(2) Total Amount of such securities issued | 14000 |
(3) Amount of such securities sold by or for the account of any person who at the time was a director, officer, promoter or principal securityholder of the issuer of such securities, or was an underwriter of any securities of such issuer. | 0 |
(c)(1) Aggregate consideration for which the securities were issued and basis for computing the amount thereof. | $1,400 acquisitions |
(2) Aggregate consideration for which the securities listed in (b)(3) of this item (if any) were issued and the basis for computing the amount thereof (if different from the basis described in (c)(1)). |
(e) Indicate the section of the Securities Act or Commission rule or regulation relied upon for exemption from the registration requirements of such Act and state briefly the facts relied upon for such exemption | Exempt from registration under Section 4(a)(2) Securities Act and Rules promulgated thereunder. |
File No. 024-10888
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 1-A
Post-Qualification Amendment
REGULATION A OFFERING CIRCULAR UNDER THE SECURITIES ACT OF 1933
B2Digital, Incorporated
(Exact name of issuer as specified in its charter)
Delaware
(State or other jurisdiction of incorporation or organization)
4522 West Village Drive, Suite 215
Tampa, FL 33624
(813) 961-3051
(Address, including zip code, and telephone number,
including area code, of issuer’s principal executive office)
The Corporation Trust Company
1209 Orange Street
Wilmington, DE 19801
(302) 658-7581
(Name, address, including zip code, and telephone number,
including area code, of agent for service)
7841 | 84-0916299 | |
(Primary Standard Industrial Classification Code Number) | (IRS Employer Identification Number) |
This Offering Circular shall only be qualified upon order of the Commission, unless a subsequent amendment is filed indicating the intention to become qualified by operation of the terms of Regulation A.
EXPLANATORY NOTE
This Post-Qualification Amendment to Form 1-A (this “Post-Qualification Amendment”) is being filed by B2Digital, Incorporated, a Delaware corporation (the “Company”), solely for the purpose of filing Exhibit 11.2 and providing revised Exhibit 11.3. Accordingly, this Post-Qualification Amendment consists only of Part I, this Explanatory Note, Part III, the signature page, and the additional exhibit and the revised exhibit. The Offering Circular is unchanged and has therefore been omitted.
PART III—EXHIBITS
Index to Exhibits
Exhibit
Number |
Exhibit Description |
2.1* | Amended Articles of Incorporation |
2.2* | Bylaws |
3.1* | Specimen Stock Certificate |
4.1** | Form of Subscription Agreement |
6.1* | Employment Agreement of Greg P. Bell |
6.2* | Indemnification Agreement of Greg P. Bell |
6.3* | Employment Agreement of Paul D.H. LaBarre |
6.4* | Indemnification Agreement of Andrew Georgens |
6.5* | Indemnification Agreement of Paul Labarre |
6.6* | Indemnification Agreement of Hugh Darryl Metz |
11.1*** | Consent of Business Legal Advisors, LLC. (included in Exhibit 12.1) |
11.2 | Consent of Vail & Park, P.C. |
11.3 | Consent of Accell Audit and Compliance, PA |
12.1*** | Opinion of Business Legal Advisors, LLC |
*Filed with the Company’s Form 1-A on August 21, 2018
**Filed with the Company’s 253(g)(2) on May 22, 2019
***Filed with the Company’s Post-Qualification Amendment to Form 1-A on September 5, 2019
1 |
SIGNATURES
Pursuant to the requirements of Regulation A, the issuer certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form 1-A and has duly caused this Offering Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Tampa, Florida, on September 30, 2019.
(Exact name of issuer as specified in its charter): |
B2Digital, Incorporated |
By: /s/ Greg P. Bell | |
Greg P. Bell, Chief Executive Officer (Principal Executive Officer). |
This Offering Statement has been signed by the following persons in the capacities and on the dates indicated.
By: |
/s/ Greg P. Bell |
|
Greg P. Bell, Chief Executive Officer (Principal Executive Officer). |
Date: September 30, 2019
By: |
/s/ Greg P. Bell |
|
Greg P. Bell, Chief Financial Officer (Principal Financial Officer, Principal Accounting Officer). |
Date: September 30, 2019
SIGNATURES OF DIRECTORS:
/s/ Greg P. Bell |
|
Greg P. Bell, Director |
/s/ Paul D. H. LaBarre |
|
Paul D. H. LaBarre, Director |
/s/ Andrew Georgens, |
|
Andrew Geogens, Director |
/s/ Hugh Darryl Metz |
|
Hugh Darryl Metz, Director |
2 |
Exhibit 11.2
CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
We consent to the use, in the Offering Statement on Form 1-A Post-Qualification Amendment of B2Digital, Incorporated and the Offering Circular constituting a part thereof, of our reports dated July 6, 2018 on our audit of the balance sheet of B2Digital, Incorporated, as of March 31, 2018, and the related statements of operations, changes in stockholders’ equity, and cash flows for the year ended March 31, 2018, and the related notes to financial statements.
Richardson, Texas
September 30, 2019
Exhibit 11.3
CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
We hereby consent to the incorporation by reference in this Form 1-A POS of B2Digital, Incorporated of our report dated August 2, 2019, relating to the audited consolidated balance sheets of B2Digital, Incorporated and its subsidiaries as of March 31, 2019, and the related statements of operations, changes in stockholders’ equity and cash flows for the year then ended.
/s/ Accell Audit & Compliance, P.A.
Tampa, Florida
September 30, 2019