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InterCloud Systems, Inc. Message Board

  • dean4614 dean4614 Apr 19, 2014 7:46 AM Flag

    8K released

    As previously disclosed in a Current Report on Form 8-K filed on March 14, 2014, InterCloud Systems, Inc., a Delaware corporation (the "Company," "we," "us" or "our"), entered into a certain Exchange Agreement, dated as of March 12, 2014, by and among the Company, Rives-Monteiro Leasing, LLC, Tropical Communications, Inc., ADEX Corporation, T N S, Inc., ADEXCOMM Corporation, AW Solutions, Inc., Integration Partners-NY Corporation, 31 Group LLC and Dominion Capital LLC (the "Exchange Agreement"). On April 14, 2014, the parties to the Exchange Agreement entered into an amendment to the Exchange Agreement (the "Amendment"), pursuant to which we agreed to issue (i) 363,853 shares of our common stock and warrants to purchase 100,000 shares of our common stock to Dominion Capital LLC, and (ii) 401,996 shares of our common stock (the "31 Group Shares") and warrants to purchase 125,000 shares of our common stock to 31 Group LLC. Beginning on the 60th calendar day after its receipt of the 31 Group Shares and ending on the 65th calendar day after its receipt of the 31 Group Shares, 31 Group LLC will have the right to require us to repurchase some or all of the 31 Group Shares at a price of $6.37 per share. The warrants issuable to 31 Group LLC and Dominion Capital LLC pursuant to the Amendment (the "Warrants") are exercisable at a price of $7.25 per share for a three-year period, provided that if the shares of our common stock underlying the Warrants are registered under the Securities Act of 1933, as amended (the "Securities Act"), the exercise period of the Warrants will be two years.

 
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