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Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


Date of Report (Date of earliest event reported): January 6, 2022



(Name of registrant in its charter)


British Columbia, Canada   000-56228   98-1360810
(State or jurisdiction of   (Commission File   (IRS Employer
incorporation or organization)   Number)   Identification No.)


420 Lexington Avenue, Suite 414

New YorkNY 10170

(Address of principal executive offices)



(Registrant’s telephone number, including area code)



 (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 (See General Instructions 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))


Securities registered pursuant to Section 12(b) of the Act: 


Title of each class Trading Symbol(s) Name of each exchange on which registered


Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).


Emerging growth company 


If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. 







Item 8.01 Other Events.


On January 6, 2022, the Company’s board of directors (the “Board”) approved the terms of a Long-Term Incentive Program recommended by the Board’s compensation committee and pursuant to which the Company will allocate to certain employees (including executive officers) of the Company and its subsidiaries restricted stock units (“RSUs”) and option awards up to, in the aggregate, five and seventy-five hundredths percent (5.75%) of the fully diluted equity of the Company under the Company’s Amended and Restated Omnibus Incentive Plan dated October 15, 2018 (“LTIP Awards”) in order to attract and retain such employees. The allocations of the LTIP Awards are contingent upon, and will occur within ten days following, the closing of the Recapitalization Transaction contemplated by the Restructuring Support Agreement, as previously disclosed in the Company’s filings with the U.S. Securities and Exchange Commission on April 1, 2021. Upon the consummation of the Recapitalization Transaction, the Company’s current stock options will be canceled.


On January 7, 2022, the Company issued a press release announcing the Board’s approval of the terms of the LTIP Awards. A copy of the press release is attached hereto as Exhibit 99.1, and the information contained therein is incorporated by reference into this Current Report on Form 8-K.


Item 9.01 Financial Statements and Exhibits.


(d) Exhibits


Exhibit No.   Description
99.1   Press release dated January 7, 2022
104   Inline XBRL for the cover page of this Current Report on Form 8-K







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.


Date: January 10, 2022 By: /s/ Randy Maslow

Randy Maslow

Interim Chief Executive Officer