United States

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 8-K

 

Current Report

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

May 23, 2016

Date of Report (Date of earliest event reported)

 

LATTICE INCORPORATED

(Exact Name of Registrant as Specified in its Charter)

 

Delaware 005-34249 22-2011859

(State or other jurisdiction of incorporation)

(Commission File Number)

(I.R.S. Employer Identification No.)

     
7150 N. Park Drive, Suite 500
Pennsauken, New Jersey

 

08109

(Address of Principal Executive Offices)

(Zip Code)

 

Registrant's telephone number, including area code: (856) 910-1166

 

N/A

___________________________

(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:

 

[_] Written communications pursuant to Rule 425 under the Securities Act

 

[_] Soliciting material pursuant to Rule 14a-12 under the Exchange Act

 

[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act

 

[_] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

 

 

 

 

     

 

 

   

 

Item 1.01          Entry into a Material definitive Agreement

 

The disclosure contained in Item 3.02 is incorporated by reference in this Item 1.01.

 

Item 3.02          Unregistered Sales of Equity Securities

 

Pursuant to the terms of a Securities Purchase Agreement dated May 23, 2016 (the “Placement Agreement”), Lattice Incorporated (the “Company”) sold 6,033,331 shares of its common stock to 7 accredited investors for aggregate gross proceeds of $217,200. In connection with the sale, the Company paid a placement agent fee of $10,860 in cash to Boenning & Scattergood, Inc. (“B&S”) and will issue B&S a warrant to purchase 181,000 shares of the Company’s common stock at the price of $0.06 per share. The investors were granted piggyback registration rights in connection with the Placement Agreement. The securities were issued pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended, as the transactions did not involve a public offering.

 

 

 

 

 

 

 

 

 

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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.

 

Dated May 27, 2016

LATTICE INCORPORATED
   
  By: /s/ Joe Noto
 

Name:

Title:

Joe Noto
Chief Financial Officer

 

 

 

 

 

 

 

 

 

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