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Ownership Summary Table
|Name||Sole Voting Power||Shared Voting Power||Sole Dispositive Power||Shared Dispositive Power||Aggregate Amount Owned Power||Percent of Class|
Page 1 of 9 – SEC Filing
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
|(Name of Issuer)|
|Common Stock, par value $0.001|
|(Title of Class of Securities)|
Lincoln Centre Three
5430 LBJ Freeway Suite 1485
Dallas, Texas 75240
Jeffrey M. McPhaul
500 Winstead Building
2728 N. Harwood Street
Dallas, Texas 75201
(Name, Address and Telephone Number of Person
Receive Notices and Communications)
|September 28, 2017|
|(Date of Event Which Requires Filing of this Statement)|
If the filing person has previously filed a
statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because
of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. □
Note: Schedules filed in paper format
shall include a signed original and five copies of the schedule, including all exhibits. See Rule.13d-7 for other parties to whom
copies are to be sent.
* The remainder of this cover page shall be
filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for
any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of
this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934
(“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions
of the Act (however, see the Notes).
Page 2 of 9 – SEC Filing
|CUSIP No. 09229E105|
2. Check the
|Number of Shares Beneficially Owned by Each Reporting Person With:||7. Sole Voting Power 12,520,000|
|8. Shared |
Voting Power 0
|9. Sole |
Dispositive Power 12,520,000
|10. Shared |
Dispositive Power 0
|Aggregate Amount Beneficially Owned by Each Reporting Person 12,520,000|
|Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ¨|
|Percent of Class Represented by Amount in Row (11) 44.7%(1)|
(1) As of September 28, 2017, the Issuer
had 23,000,000 shares of Common Stock, par value $0.001 (“Common Stock”) and 5,000,000 shares of Series A Convertible
Preferred Stock, par value $0.001 per share (“Preferred Stock”) issued and outstanding. The Reporting Person owns 7,520,000
shares (32.7%) of the issued and outstanding shares of the Issuer’s Common Stock and 5,000,000 shares (100%) the Issuer’s
issued and outstanding shares of Preferred Stock, each share of which is convertible into one share of Common, which holdings collectively
represent approximately 44.7% of the Issuer’s issued and outstanding capital stock on a fully diluted basis.
Page 3 of 9 – SEC Filing
This Amendment No. 3 to Schedule 13D (this
“Schedule 13D Amendment No. 3”) amends the information provided in the Statement on Schedule 13D filed on December
7, 2015 (the “Original Schedule 13D”), as amended by Amendment No. 1 to Schedule 13D filed on February 16, 2016 and
Amendment No. 2 to Schedule 13D filed on May 24, 2017 (as amended, the “Schedule 13D”). This Schedule 13D Amendment
No. 3 amends the information disclosed in the Schedule 13D as set forth herein. Except as otherwise specified in this Schedule
13D Amendment No. 3, all items left blank remain unchanged in all material respects. Capitalized terms used herein but not defined
herein have the respective meanings ascribed to them in the Original Schedule 13D.
Responses to each item of this Schedule 13D
Amendment No. 3 are incorporated by reference into the response to each other item, as applicable.
|Item 4.||Purpose of the Transaction|
Item 4 of the Schedule 13D
is hereby amended and restated in its entirety as follows:
December 1, 2015 (the “Closing Date”), the Issuer, Tiger Trade and the stockholders
of Tiger Trade (each, a “Stockholder,” and together, the “Stockholders”) executed
the Exchange Agreement, pursuant to which each Stockholder exchanged all of their respective issued and outstanding shares of Tiger
Trade common stock, par value $0.001 (“Tiger Trade Common Stock”), on a one-for-one share basis, for an aggregate
of Seventeen Million Nine Hundred Thousand (17,900,000) newly issued shares of Issuer Common Stock and each Stockholder holding
issued and outstanding shares of Tiger Trade Series A Convertible Preferred Stock (“Tiger
Trade Preferred Stock”) exchanged all such shares on a one-for-one share basis for an aggregate
of Five Million (5,000,000) newly issued shares of Issuer Preferred Stock. As a condition precedent to consummation of the Exchange
Agreement, Orsolya Peresztegi, the Issuer’s sole officer and director on the Closing Date, effected
the cancellation of Seven Million Ninety-Five Thousand Six Hundred Two (7,095,602) shares of Issuer Common Stock pursuant
to a Cancellation Agreement effective as of the Exchange Agreement Closing Date. Under the terms of the Cancellation Agreement,
Tiger Trade paid Ms. Peresztegi a cancellation fee of Two Hundred Forty-Five Thousand Dollars ($245,000).
As a result of the Exchange Agreement and
Cancellation Agreement transactions described above, the Tiger Trade Stockholders acquired, in the aggregate, approximately 85.91%
of the issued and outstanding Issuer Common Stock and 100% of the issued and outstanding Issuer Preferred Stock, representing
approximately 88.64% of the issued and outstanding capital stock of the Issuer on a fully-diluted basis, and Tiger Trade became
a wholly owned subsidiary of the Issuer as of the Closing Date. Under the Exchange Agreement, (1) Orsolya Peresztegi, the Issuer’s
sole officer and director on the Closing Date, resigned as an officer of the Issuer and the Reporting Person was appointed as
the President, Chief Executive Officer, Chief Financial Officer and Secretary of the Company, and (2) the Reporting Person was
appointed to serve as a director of the Company.
As a result of the Exchange Transaction, the
business of Tiger Trade is now the principal business of the Issuer. The purpose of the stock exchange transaction was to provide
Tiger Trade, as a wholly owned subsidiary of Issuer, a platform for operating in the public markets. The Reporting Person participated
in Exchange Transaction and acquired the shares of Issuer’s Common and Preferred Stock (collectively, the “Shares”)
for investment purposes. Consistent with such purposes, the Reporting Person has had, and may have in the future, discussions with
management and the Board of Directors of the Issuer regarding the Issuer’s operations, prospects, business and financial
strategies and other matters as the Reporting Person deems relevant to his investment in the Shares and any other securities of
Page 4 of 9 – SEC Filing
On February 8, 2016, the Issuer entered into
an Agreement and Plan of Merger with Tiger Trade, providing for the merger of Tiger Trade with and into the Issuer, which remained
as the surviving entity in the transaction. At the effective time of the merger, the shares of common stock and preferred stock
of Tiger Trade outstanding immediately before the effective date were canceled, retired and ceased to exist. The merger became
effective February 9, 2016.
On February 10, 2016, the Issuer entered into
a Stock Cancellation Agreement (the “Kepler Cancellation Agreement”) with the Reporting Person, who is the sole Director
and the President, Chief Executive Officer, Chief Financial Officer and Secretary of the Issuer, pursuant to which the Reporting
Person cancelled and forfeited 835,010 shares of the Issuer’s Common Stock. As a result of the consummation of the Kepler
Cancellation Agreement, the Issuer’s issued and outstanding Common Stock decreased to 20,000,000 shares and the Reporting
Person subsequently owned 9,064,990 such shares, representing 45.32% of issued and outstanding shares of the Issuer’s Common
On September 29, 2016, the Reporting Person
transferred 264,990 shares of the Issuer’s Common Stock to a service provider as consideration for services rendered to the
Issuer. As a result of the consummation of the transfer, the Reporting Person beneficial ownership of the Issuer’s Common
Stock decreased to 8,800,000 shares, representing 42.2% of issued and outstanding shares of the Issuer’s Common Stock.
On February 13, 2017, the Reporting Person
transferred 1,145,000 shares of the Issuer’s Common Stock as a gift. As a result of the consummation of the gift transfer,
the Reporting Person beneficial ownership of the Issuer’s Common Stock decreased to 7,655,000 shares, representing 33.1%
of issued and outstanding shares of the Issuer’s Common Stock.
On September 28, 2017, the Reporting Person
transferred 25,000 shares of the Issuer’s Common Stock to a service provider as consideration for services rendered to the
Issuer. As consideration for the transfer, the Issuer forgave debt obligations of the Reporting Person in the amount of $12,500.
As a result of the consummation of the transfer, the Reporting Person beneficial ownership of the Issuer’s Common Stock decreased
to 7,630,000 shares, representing 33.0% of issued and outstanding shares of the Issuer’s Common Stock.
On September 28, 2017, the Issuer entered into
a Stock Repurchase and Cancellation Agreement with the Reporting Person, pursuant to which the Issuer repurchased and cancelled
110,000 shares of the Issuer’s Common Stock held by the Reporting Person. As consideration for the repurchase and cancellation
of the shares, the Issuer forgave debt obligations of the Reporting Person in the amount of $55,000. As a result of the consummation
of the transfer, the Reporting Person beneficial ownership of the Issuer’s Common Stock decreased to 7,520,000 shares, representing
32.7% of issued and outstanding shares of the Issuer’s Common Stock. The Reporting Person also continues to hold 100% of
the Issuer’s issued and outstanding shares of Preferred Stock, which along with the Common Stock held by the Reporting Person
represents approximately 44.7% of the Issuer’s issued and outstanding capital stock on a fully diluted basis.
The Reporting Person will continue to evaluate
his investment position in the Issuer and may, depending on the Issuer’s performance and market and other conditions, further
increase or decrease his investment position in the securities of the Issuer. The Reporting Person reserves the right to determine
in the future whether to change the purpose or purposes herein described or whether to adopt plans or proposals regarding the Issuer
or any of its securities.
Except as otherwise set forth herein, the Reporting
Person has no specific plans or proposals that relate to or would result in any of the following:
|(a)||the acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer;|
Page 5 of 9 – SEC Filing
|(b)||an extraordinary corporate transaction, such as a merger, reorganization, or liquidation, involving the Issuer or any of its subsidiaries;|
|(c)||a sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries;|
|(d)||any change in the present Board of Directors or management of the Issuer, including any plans or proposals to change the number or term of the Issuer’s Board of Directors or to fill any existing vacancies thereon;|
|(e)||any material change in the present capitalization or dividend policy of the Issuer;|
|(f)||any other material change in the Issuer’s business or corporate structure;|
|(g)||changes in the Issuer’s charter, bylaws, or instruments corresponding thereto or other actions which may impede the acquisition of control of the Issuer by any person;|
|(h)||causing a class of securities of the Issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association;|
|(i)||a class of equity securities of the Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Securities Exchange Act of 1934, as amended; or|
|(j)||any action similar to any of those enumerated above.|
|Item 5.||Interest in Securities of the Issuer|
Item 5 of the Schedule 13D
is hereby amended and restated in its entirety as follows:
(a) As of September
28, 2017, the Issuer had 23,000,000 shares of Common Stock and 5,000,000 shares of Preferred Stock issued and outstanding.
The Reporting Person beneficially owns 7,520,000 shares of the Issuer’s Common Stock and 5,000,000 shares of the Issuer’s
Preferred Stock, each share of which is convertible into one share of Common Stock, or 32.7% of issued and outstanding shares of
the Issuer’s Common Stock and 100% of the Issuer’s issued and outstanding shares of Preferred Stock, representing approximately
44.7% of the Issuer’s issued and outstanding capital stock on a fully diluted basis. Beneficial ownership is determined in
accordance with the rules of the Securities and Exchange Commission (the “SEC”) and generally includes voting of investment
power with respect to securities.
(b) The Reporting Person
has the sole power to vote, direct the voting of, dispose of and direct the disposition of the Shares.
(c) Except as set forth
in Item 6 below, there have been no transactions effected with respect to the Shares by the Reporting Person during the sixty (60)
day period prior to the date hereof.
(d) No other person is
known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the
securities covered by this Schedule 13D.
(e) Not applicable.
Page 6 of 9 – SEC Filing
|Item 7.||Purpose of the Transaction|
Item 7 of the Schedule 13D
is hereby amended to add the following disclosure:
Exhibit 1: Stock Repurchase and
Cancellation Agreement dated September 28, 2017, by and between Blackboxstocks, Inc. and Gust Kepler.
inquiry and to
and belief of the undersigned, such person certifies
complete and correct.
September 28, 2017
Page 7 of 9 – SEC Filing
STOCK REPURCHASE AND CANCELLATION AGREEMENT
This Stock Repurchase
and Cancellation Agreement (this “Agreement”), dated effective as of September 28, 2017 (the “Effective
Date”), is entered into by and between Gust Kepler (“Stockholder”) and Blackboxstocks, Inc., a Nevada
is the record and beneficial owner of Seven Million Six Hundred Fifty-Five Thousand (7,655,000) shares of common stock, $.001 par
value per share (the “Common Stock”) of the Company;
WHEREAS, as of the
Effective Date, the Company has advanced the Stockholder cash in the principal amount of Seventy Nine Thousand Six Hundred Seventy
Eight Dollars ($79,678) (the “Stockholder Debt”);
WHEREAS, the parties
have agreed that the Company shall repurchase One Hundred Ten Thousand (110,000) shares of Common Stock (the “Repurchase
Shares”) from Stockholder in exchange for cancellation and forgiveness of Fifty-Five Thousand Dollars ($55,000) of the
Stockholder Debt (the “Cancelled Debt”);
NOW THEREFORE, in
consideration of the promises and respective mutual agreements herein contained, it is agreed by and between the parties hereto
of Common Stock. Upon the terms and subject to the conditions set forth in this Agreement, the Company hereby agrees to repurchase
from the Stockholder, and the Stockholder hereby agrees to sell to the Company, all of the Stockholder’s right, title and interest
in and to the Repurchase Shares. On the Effective Date, the Stockholder shall deliver to the Company certificates representing
the Repurchase Shares, duly executed for cancellation, or accompanied by stock powers duly executed in blank (with a medallion
guarantee or such other evidence of signature as the Company’s transfer agent may require) whereupon the officers of the
Company shall cancel such shares by delivering the Shares to the Company’s stock transfer agent for cancellation. In the
event that the certificate delivered by the Stockholder shall represent a greater number of shares of Common Stock, the Company
shall promptly reissue and deliver to Stockholder a certificate representing any shares of Common Stock delivered in excess of
the Repurchase Shares.
for the Repurchase Shares. In full consideration for the Repurchase Shares, the Company hereby cancels, forgives and releases
Stockholder from all obligations for repayment of the Cancelled Debt as of the Effective Date.
Agreement. This Agreement sets forth the entire agreement and understanding of the parties hereto with respect to the transactions
contemplated hereby, and supersedes all prior agreements, arrangements and understanding related to the subject matter hereof.
No understanding, promise, inducement, statement of intention, representation, warranty, covenant or condition, written or oral,
express or implied, whether by statute or otherwise, has been made by any party hereto which is not embodied in this Agreement
or the written statement, certificates, or other documents delivered pursuant hereto or in connection with the transactions contemplated
hereby, and no party hereto shall be bound by or liable for any alleged understanding, promise, inducement, statement, representation,
warranty, covenant or condition not set forth.
Law. This Agreement shall be governed in all respects, including validity, construction, interpretation and effect, by the
laws of the State of Texas (without regard to principles of conflicts of law).
Page 8 of 9 – SEC Filing
to Jurisdiction. Each party irrevocably submits to the exclusive jurisdiction of the appropriate state or federal court in
the State of Texas for the purposes of any suit, action or other proceeding arising out of this Agreement or any transaction contemplated
hereby or thereby. Each party agrees to commence any such action, suit or proceeding in Dallas, Texas.
This Agreement may be executed by the parties hereto in separate counterparts each of which shall be deemed an original, but all
of which together shall constitute one and the same instrument.
Assurances. Each party shall, at the request of the other party, at any time and from time to time following the Effective
Date promptly execute and deliver, or cause to be executed and delivered, to such requesting party all such further instruments
and take all such further action as may be reasonably necessary or appropriate to carry out the provisions and intents of this
Agreement and of the instruments delivered pursuant to this Agreement.
of Provisions. If any provision or any portion of any provision of this Agreement or the application of any such provision
or any portion thereof to any person or circumstance, shall be held invalid or unenforceable, the remaining portion of such provision
and the remaining provisions of the Agreement, or the application of such provision or portion of such provision is held invalid
or unenforceable to person or circumstances other than those as to which it is held invalid or unenforceable, shall not be affected
thereby and such provision or portion of any provision as shall have been held invalid or unenforceable shall be deemed limited
or modified to the extent necessary to make it valid and enforceable, in no event shall this Agreement be rendered void or unenforceable.
All section titles or captions contained in this Agreement are for convenience only, shall not be deemed a part of this Agreement
and shall not affect the meaning or interpretation of this Agreement. All references herein to sections shall be deemed references
to such parts of this Agreement, unless the context shall otherwise require.
***Signature Page Follows***
Page 9 of 9 – SEC Filing
IN WITNESS WHEREOF,
the parties hereto have executed this Agreement, as of the Effective Date.
Gust C. Kepler, President
Gust C. Kepler, Individually