Item 2. Unregistered Sales of Equity Securities
Item 2.
Unregistered Sales of Equity Securities and Use of Proceeds
In February 2021, we sold a total of 960,834
shares of our common stock to 11 accredited investors for total proceeds of $689,500. Warrants for 960,834 shares our common stock were
issued to the investors with an average exercise price of $1.23. The warrants expire six months from the date of closing and have a fair
value of $426,273.
In March 2021, we sold 525,000 Units at $1.00
per unit to 17 accredited investors for total proceeds of $525,000. Each Unit consisted of one share of our common stock and a right
to purchase one share of our common stock $2.00. These rights expire one year from the date of closing and have a fair value of $250,950.
In February, March and April 2021, upon maturity,
we converted convertible promissory notes with a face value of $230,000 and accrued interest of $16,100 into 298,165 shares of our common
stock as calculated by the conversion price of the convertible promissory notes of $0.83 per share.
In issuing these shares, we relied on an exemption from the registration
requirements of the Securities Act of 1933 provided by Section 4(a)(2) of the Securities Act of 1933.
Item 6.
Exhibits
The following exhibits are filed herewith and this list constitutes
the exhibit index.
Exhibit Number
Exhibit Description
10.1
Prevacus
Asset Agreement. Incorporated by reference to Form 8-K filed with the SEC on March 2, 2021
10.2
Securities Purchase Agreement with LGH Investments, LLC. Incorporated by reference to Form 8-K
filed with the SEC on April 7, 2021
10.3
LGH Investments, LLC Settlement Agreement
31.1
Certification of Chief Executive Officer pursuant to Rule 13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934
31.2
Certification of Chief Financial Officer pursuant to Rule 13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934
32.1
Certification of Chief Executive Officer pursuant to Section 1350
32.2
Certification of Chief Financial Officer pursuant to Section 1350
101.INS
XBRL Instances Document
101.SCH
XBRL Taxonomy Extension Schema Document
101.CAL
XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF
XBRL Taxonomy Extension Definition Linkbase Document
101.LAB
XBRL Taxonomy Extension Label Linkbase Document
101.PRE
XBRL Taxonomy Extension Presentation Linkbase Document
* Management or compensatory agreement.
27
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized,
as of June 21, 2021.
ODYSSEY GROUP INTERNATIONAL, INC.
By:
/s/ Joseph Michael Redmond
Joseph Michael Redmond
Chief Executive Officer, President and Director
(Principal Executive Officer)
By:
/s/ Christine M. Farrell
Christine M. Farrell
Chief Financial Officer
(Principal Financial and Accounting Officer)
28
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.