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Filing Details

Accession Number:: 0001477932-11-000223
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2011-02-25 20:55:51
Reporting Period:: 2011-02-14

Filing Date:: 2011-02-25
Accepted Time:: 2011-02-25 20:55:51
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1427352	Infospi Inc.	ISPI	Blank Checks (6770)	000000000

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1507132	Dror Svorai	1720 Harrison Street 18Th Floor, Suite Penthouse A Hollywood FL 33020	President, Ceo, Cfo, Secretary	Yes	Yes	Yes	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, Par Value $0.001	Acquisiton	2011-02-14	30,003,000	$0.00	71,418,810	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct

Footnotes

The 30,003,000 shares were acquired pursuant to a definitive agreement dated February 14, 2011 (the ?Agreement?) among the Issuer, NexPhase Lighting, Inc., a privately held Florida corporation (?NexPhase?)., and the shareholders of NexPhase (the ?NexPhase Shareholders?). In accordance with the terms and provisions of the Agreement: (i) the Issuer acquired from the NexPhase Shareholders an aggregate 60,622,000 shares of common stock of NexPhase representing the total issued and outstanding shares of NexPhase; and (ii) in exchange therefore, the Issuer issued to the NexPhase Shareholders an aggregate 67,500,000 shares of its restricted common stock in proportion to the equity holdings of the NexPhase Shareholders (of which 30,003,000 shares were issued to the Reporting Person).
The Reporting Person holds of record 42,503,000 shares of common stock. Upon payment of the full purchase price of $325,000 to Eilay Maman and Oyster Shell Investment LLLP, the 14,400,000 shares held of record by Eilay Maman (representing a 14.9% equity interest) and the 14,515,810 shares held of record by Oyster Shell Investment LLLP (representing a 15.0% equity interest) will be transferred to the Reporting Person no later than March 15, 2011. As of the date of this Form 4, an aggregate amount of $200,000 has been paid to the sellers. Until the purchase price is paid in full by the Reporting Person, the shares of common stock are being held in an escrow account to be released pro-rata to the Reporting Person as the installments are paid to the sellers by the Reporting Person.