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<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>UNITED STATES</b></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>SECURITIES AND EXCHANGE COMMISSION</b></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>WASHINGTON, D.C. 20549</b></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>&nbsp;</b></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>FORM 8-K</b></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>&nbsp;</b></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>CURRENT REPORT</b></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934</b></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>&nbsp;</b></p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin: 0pt; text-align: center;"><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">Date of Report (Date of earliest event reported): <u> </u><u><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;December </b></u><u><b>27</b></u><u><b>, 2017</b></u><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Times New Roman, Times, serif; width: 100%;">

		<tr>
			<td style="width: 100%; text-align: center; border-bottom: thin solid rgb(0, 0, 0);"><b><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">TWINLAB CONSOLIDATED HOLDINGS, INC. </font></b></td>
		</tr>
		<tr>
			<td style="text-align: center;">(Exact name of registrant as specified in its charter)</td>
		</tr>

</table>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;text-indent:0pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Times New Roman, Times, serif; width: 100%;">

		<tr>
			<td style="width: 45%; border-bottom: thin solid rgb(0, 0, 0);"><b>Nevada</b></td>
			<td style="width: 25%; border-bottom: thin solid rgb(0, 0, 0);"><b><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">001-55181</font></b></td>
			<td style="width: 30%; text-align: center; border-bottom: thin solid rgb(0, 0, 0);"><b><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">46-3951742</font></b></td>
		</tr>
		<tr>
			<td style="width: 45%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">(State or other jurisdiction</p>

			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">of incorporation)</p>
			</td>
			<td style="vertical-align: top; width: 25%;"><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">(Commission File Number)</font></td>
			<td style="text-align: center; width: 30%;">
			<p style="margin: 0pt; font-family: Times New Roman, Times, serif; font-size: 10pt;"><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">(IRS Employer</font></p>

			<p style="margin: 0pt; font-family: Times New Roman, Times, serif; font-size: 10pt;"><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">Identification No.)</font></p>
			</td>
		</tr>

</table>

<p style="margin: 0pt; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Times New Roman, Times, serif; width: 100%;">

		<tr>
			<td style="width: 60%; border-bottom: thin solid rgb(0, 0, 0);"><b>4800 T-Rex Avenue, Suite 305, Boca Raton, Florida</b></td>
			<td style="width: 40%; text-align: center; border-bottom: thin solid rgb(0, 0, 0);"><b><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">33431</font></b></td>
		</tr>
		<tr>
			<td style="width: 60%;"><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">(Address of principal executive offices)</font></td>
			<td style="text-align: center; width: 40%;"><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">(Zip Code)</font></td>
		</tr>

</table>

<p style="margin-top: 0pt; margin-bottom: 0pt;"><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp; </font></p>

<table border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Times New Roman, Times, serif; width: 100%;">

		<tr>
			<td style="width: 50%;">Registrant&#39;s telephone number, including area code</td>
			<td style="width: 50%; border-bottom: thin solid rgb(0, 0, 0);"><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"><b>(561) 443-5301</b></font></td>
		</tr>

</table>

<p style="margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: Times New Roman, Times, serif; width: 100%;">

		<tr>
			<td style="width: 100%; text-align: center; border-bottom: thin solid rgb(0, 0, 0);"><b><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">N/A</font></b></td>
		</tr>
		<tr>
			<td style="text-align: center;">(Former name or former address, if changed since last report)</td>
		</tr>

</table>

<p style="margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">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 (<font style="font-family:Times New Roman, Times, serif;font-size:10pt;"><u>see</u> General Instruction A.2. below):</font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px;">

		<tr style="vertical-align: top;">
			<td style="width: 9pt;">&nbsp;</td>
			<td style="width: 27pt;">
			<p style="margin: 0pt; text-align: left; font-size: 10pt; font-family: Times New Roman, Times, serif;"><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&#9744;</font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"> </font></p>
			</td>
			<td>
			<p style="margin: 0pt; text-align: left; font-size: 10pt; font-family: Times New Roman, Times, serif;"><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></p>
			</td>
		</tr>

</table>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px;">

		<tr style="vertical-align: top;">
			<td style="width: 9pt;">&nbsp;</td>
			<td style="width: 27pt;">
			<p style="margin: 0pt; text-align: left; font-size: 10pt; font-family: Times New Roman, Times, serif;"><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&#9744;</font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"> </font></p>
			</td>
			<td>
			<p style="margin: 0pt; text-align: left; font-size: 10pt; font-family: Times New Roman, Times, serif;"><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></p>
			</td>
		</tr>

</table>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px;">

		<tr style="vertical-align: top;">
			<td style="width: 9pt;">&nbsp;</td>
			<td style="width: 27pt;">
			<p style="margin: 0pt; text-align: left; font-size: 10pt; font-family: Times New Roman, Times, serif;"><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&#9744;</font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"> </font></p>
			</td>
			<td>
			<p style="margin: 0pt; text-align: left; font-size: 10pt; font-family: Times New Roman, Times, serif;"><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></p>
			</td>
		</tr>

</table>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px;">

		<tr style="vertical-align: top;">
			<td style="width: 9pt;">&nbsp;</td>
			<td style="width: 27pt;">
			<p style="margin: 0pt; text-align: left; font-size: 10pt; font-family: Times New Roman, Times, serif;"><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&#9744;</font><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"> </font></p>
			</td>
			<td>
			<p style="margin: 0pt; text-align: left; font-size: 10pt; font-family: Times New Roman, Times, serif;"><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></p>
			</td>
		</tr>

</table>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&sect; 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&sect; 240.12b-2 of this chapter).</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Emerging growth company <font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&#9746;</font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">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. &#9633;</p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<div id="PGBK" style="width: 100%; margin-left: 0pt; margin-right: 0pt">
<div id="PGNUM" style="text-align: center; width: 100%">1</div>

<hr style="PAGE-BREAK-AFTER: always; border: none; width: 100%; height: 2px; color: #000000; background-color: #000000">
<div id="PGHDR" style="text-align: left; width: 100%">&nbsp;</div>
</div>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>Section 1 <font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&ndash; Registrant&rsquo;s Business and Operations</font></b></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><b>&nbsp;</b></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><b>Item 1.01.<font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Entry into a Material Definitive Agreement.</font></b></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;">On December <font style="font-family:Times New Roman, Times, serif;font-size:10pt;">27, 2017, Twinlab Consolidated Holdings, Inc. (&ldquo;Twinlab&rdquo; or the &ldquo;Company&rdquo;) entered into the Agreement for Equity in Exchange for Services, dated as of December 27, 2017, by and between Platinum Advisory Services LLC. (&ldquo;Platinum&rdquo;) and Twinlab (the &ldquo;Agreement&rdquo;). Pursuant to the Agreement, Twinlab will issue from time to time shares of Company common stock with an aggregate purchase price of $3,000,000 (collectively, the &ldquo;Shares&rdquo;) in exchange for payment in-kind consisting of the provision of media support and services performed by Platinum or its affiliates, to the Company upon the terms set forth in the Agreement. </font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;"><b>&nbsp;</b></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>Section 3 <font style="font-family:Times New Roman, Times, serif;font-size:10pt;">&ndash; Securities and Trading Markets</font></b></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>Item 3.02</b><font style="font-family:Times New Roman, Times, serif;font-size:10pt;"><b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</b><b>Unregistered Sales of Equity Securities.</b></font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">The information set forth in Item 1.01 regarding the <font style="font-family:Times New Roman, Times, serif;font-size:10pt;">Shares is hereby incorporated by reference in answer to Item 3.02.</font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;">The Company <font style="font-family:Times New Roman, Times, serif;font-size:10pt;">will issue the above-referenced Shares to Platinum in reliance upon the exemption from registration under Section 4(a)(2) of the Securities Act of 1933, as amended (the &ldquo;Securities Act&rdquo;), for private offerings not involving a public distribution. The Company believes that the issuance of the Shares will be exempt from the registration and prospectus delivery requirements of the Securities Act by virtue of Section 4(a)(2) of the Securities Act. The Shares will be issued directly by the Company to Platinum and do not involve a public offering or general solicitation. Platinum was afforded an opportunity for effective access to the files and records of the Company that contained the relevant information needed to make its investment decision, including the Company&rsquo;s financial statements and periodic reports under the Securities Exchange Act of 1934, as amended. The Company reasonably believes that Platinum has such knowledge and experience in financial and business matters that it is capable of evaluating the merits and risks of its investment. Platinum had the opportunity to speak with the Company&rsquo;s management on several occasions prior to its investment decision. There will be no commission paid on the issuance of the above-referenced Shares.</font></p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;text-indent:36pt;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>SIGNATURES</b></p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;"><font style="font-family:Times New Roman, Times, serif;font-size:10pt;">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.</font></p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<table border="0px" cellpadding="0pt" cellspacing="0pt" id="TBL1" style="margin: 0pt; width: 100%; text-indent: 0px; font-size: 10pt;">

		<tr>
			<td style="vertical-align: top; width: 45%;">&nbsp;</td>
			<td colspan="4" style="vertical-align: top; width: 3245%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>TWINLAB CONSOLIDATED HOLDINGS, INC.</b></p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align: top; width: 45%;">&nbsp;</td>
			<td style="vertical-align: top; width: 3%;">&nbsp;</td>
			<td style="vertical-align: top; width: 2%;">&nbsp;</td>
			<td colspan="2" style="vertical-align: top; width: 45%;">&nbsp;</td>
		</tr>
		<tr>
			<td style="vertical-align: top; width: 45%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Date: <font style="font-family:Times New Roman, Times, serif;font-size:10pt;">January 2, 2018</font></p>
			</td>
			<td style="vertical-align: top; width: 3%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;">By:</p>
			</td>
			<td style="vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0); width: 2%;">&nbsp;</td>
			<td style="vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0); width: 45%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;">/s/ Naomi L. Whittel</p>
			</td>
			<td style="vertical-align: top; width: 5%;">&nbsp;</td>
		</tr>
		<tr>
			<td style="vertical-align: top; width: 45%;">&nbsp;</td>
			<td style="vertical-align: top; width: 3%;">&nbsp;</td>
			<td style="vertical-align: top; border-bottom: 1px none rgb(0, 0, 0); width: 2%;">&nbsp;</td>
			<td colspan="2" style="vertical-align: top; border-bottom: 1px none rgb(0, 0, 0); width: 45%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Naomi L. Whittel</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align: top; width: 45%;">&nbsp;</td>
			<td style="vertical-align: top; width: 3%;">&nbsp;</td>
			<td style="vertical-align: top; width: 2%;">&nbsp;</td>
			<td colspan="2" style="vertical-align: top; width: 45%;">
			<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Chief Executive Officer</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align: top; width: 45%;">&nbsp;</td>
			<td style="vertical-align: top; width: 3%;">&nbsp;</td>
			<td style="vertical-align: top; width: 2%;">&nbsp;</td>
			<td colspan="2" style="vertical-align: top; width: 45%;">&nbsp;</td>
		</tr>

</table>

<p style="font-family:Times New Roman, Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</p>

<p style="font-family: Times New Roman, Times, serif; font-size: 10pt; margin: 0pt; text-align: center;">2</p>
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{"company-data": {"conformed-name": "TWINLAB CONSOLIDATED HOLDINGS, INC.", "cik": "0001590695", "assigned-sic": "2833", "irs-number": "463951742", "state-of-incorporation": "NV", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-55181", "film-number": "18502919"}, "business-address": {"street1": "632 BROADWAY", "street2": "SUITE 201", "city": "NEW YORK", "state": "NY", "zip": "10012", "phone": "(212) 651-8500"}, "mail-address": {"street1": "632 BROADWAY", "street2": "SUITE 201", "city": "NEW YORK", "state": "NY", "zip": "10012"}, "former-company": {"former-conformed-name": "MIRROR ME, INC.", "date-changed": "20131031"}}
tlcc20180102_8k.htm
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
Date of Report (Date of earliest event reported):
December
27
, 2017
TWINLAB CONSOLIDATED HOLDINGS, INC.
(Exact name of registrant as specified in its charter)
Nevada
001-55181
46-3951742
(State or other jurisdiction
of incorporation)
(Commission File Number)
(IRS Employer
Identification No.)
4800 T-Rex Avenue, Suite 305, Boca Raton, Florida
33431
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including area code
(561) 443-5301
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 (
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))
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. □
1
Section 1
– Registrant's Business and Operations
Item 1.01.
Entry into a Material Definitive Agreement.
On December
27, 2017, Twinlab Consolidated Holdings, Inc. ("Twinlab" or the "Company") entered into the Agreement for Equity in Exchange for Services, dated as of December 27, 2017, by and between Platinum Advisory Services LLC. ("Platinum") and Twinlab (the "Agreement"). Pursuant to the Agreement, Twinlab will issue from time to time shares of Company common stock with an aggregate purchase price of $3,000,000 (collectively, the "Shares") in exchange for payment in-kind consisting of the provision of media support and services performed by Platinum or its affiliates, to the Company upon the terms set forth in the Agreement.
Section 3
– Securities and Trading Markets
Item 3.02
Unregistered Sales of Equity Securities.
The information set forth in Item 1.01 regarding the
Shares is hereby incorporated by reference in answer to Item 3.02.
The Company
will issue the above-referenced Shares to Platinum in reliance upon the exemption from registration under Section 4(a)(2) of the Securities Act of 1933, as amended (the "Securities Act"), for private offerings not involving a public distribution. The Company believes that the issuance of the Shares will be exempt from the registration and prospectus delivery requirements of the Securities Act by virtue of Section 4(a)(2) of the Securities Act. The Shares will be issued directly by the Company to Platinum and do not involve a public offering or general solicitation. Platinum was afforded an opportunity for effective access to the files and records of the Company that contained the relevant information needed to make its investment decision, including the Company's financial statements and periodic reports under the Securities Exchange Act of 1934, as amended. The Company reasonably believes that Platinum has such knowledge and experience in financial and business matters that it is capable of evaluating the merits and risks of its investment. Platinum had the opportunity to speak with the Company's management on several occasions prior to its investment decision. There will be no commission paid on the issuance of the above-referenced Shares.
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.
TWINLAB CONSOLIDATED HOLDINGS, INC.
Date:
January 2, 2018
By:
/s/ Naomi L. Whittel
Naomi L. Whittel
Chief Executive Officer
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