SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): March 15, 2010
TITLE STARTS ONLINE, INC.
(Exact name of registrant as specified in its charter)
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Nevada
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000-53704
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26-1394771
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(State or Other Jurisdiction of Incorporation)
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(Commission File Number)
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(IRS Employer Identification Number)
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4540 Alpine Avenue, Blue Ash, Ohio 45242
(Address of principal executive offices) (zip code)
513-297-3640
(Registrant's telephone number, including area code)
Stephen M. Fleming, Esq.
Law Offices of Stephen M. Fleming PLLC
49 Front Street, Suite 206
Rockville Centre, New York 11570
Phone: (516) 833-5034
Fax: (516) 977-1209
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 (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01 Entry Into A Material Definitive Agreement
Item 3.02 Unregistered Sales of Equity Securities
Title Starts Online, Inc. (the “Company”) from March 15, 2010 through May 20, 2010, has sold an aggregate of 1,500,000 shares of common stock for an aggregate purchase price of $600,000 to accredited investors. The closings occurred on the following dates:
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On March 15, 2010, the Company sold 625,000 shares of common stock for an aggregate consideration of $250,000.
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On April 7, 2010, the Company sold 200,000 shares of common stock for an aggregate consideration of $80,000.
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On April 12, 2010, the Company sold 62,500 shares of common stock for an aggregate consideration of $25,000.
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On April 16, 2010, the Company sold 112,500 shares of common stock for an aggregate consideration of $45,000.
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On April 23, 2010, the Company sold 250,000 shares of common stock for an aggregate consideration of $100,000.
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On May 6, 2010 the Company sold 175,000 shares of common stock for an aggregate consideration of $70,000.
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On May 20, 2010 the Company sold 75,000 shares of common stock for an aggregate consideration of $30,000.
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The shares of common stock were offered and sold to the investors in a private placement transaction made in reliance upon exemptions from registration pursuant to Section 4(2) under the Securities Act of 1933 (the “Securities Act”) and/or Rule 506 promulgated under the Securities Act. The investors are accredited investors as defined in Rule 501 of Regulation D promulgated under the Securities Act.
In addition, the Company compensated John Carris Investments LLC, as placement agent (the “Placement Agent”), for assisting in the sale of common stock by paying it commissions in the aggregate amount of $60,000 and issuing the Placement Agent a common stock purchase warrant to purchase 150,000 shares of the Company’s common stock at an exercise price of $.40 per share.
Item 5.03 Amendments to Articles of Incorporation
Item 8.01 Other Events or Bylaws: Change in Fiscal Year
Effective May 20, 2010, the Company implemented a forward split of the issued and outstanding common shares of the Company, whereby every share of common stock held was exchanged for 14 shares of common stock. As a result, the issued and outstanding shares of common stock were increased from approximately 1,389,875 prior to the forward split to approximately 19,458,250 following the forward split.
The foregoing information is a summary of each of the agreements involved in the transactions described above, is not complete, and is qualified in its entirety by reference to the full text of those agreements, each of which is attached an exhibit to this Current Report on Form 8-K. Readers should review those agreements for a complete understanding of the terms and conditions associated with this transaction.
Item 9.01 Financial Statements and Exhibits
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Exhibit No.
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Description of Exhibit
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3.1
3.2
4.1
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Certificate of Change
Certificate of Correction
Form of Subscription Agreement by and between Title Starts Online, Inc. and the April 2010 Accredited Investors (1)
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(1) Incorporated by reference to the Form 8-K Current Report as filed with the Securities and Exchange Commission on March 17, 2010.
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.
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TITLE STARTS ONLINE, INC. |
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Date May 24, 2010
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By:
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/s/ Stephen S. Burns |
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Name Stephen S. Burns |
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Title CEO |
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