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<p>&nbsp;</p>

<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 12pt;"><b>UNITED STATES</b></p>

<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 12pt;"><b>SECURITIES AND EXCHANGE COMMISSION</b></p>

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

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

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

<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 18pt;"><b>FORM 8-K</b></p>

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

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

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

<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;"><b>Securities Exchange Act of 1934</b></p>

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

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

<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">Date of Report (Date of earliest event reported): <font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">May 30, 2017</font></p>

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

<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 24pt;"><u><b>Integral Technologies, Inc.</b></u></p>

<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">(Exact Name of Registrant as Specified in Charter)</p>

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

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			<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">Nevada</p>
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			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>
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			<td style="width: 31.9%; vertical-align: top; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;">
			<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">000-28353</p>
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			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>
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			<td style="width: 32%; vertical-align: top; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;">
			<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">98-0163519</p>
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			<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">(State or other jurisdiction of incorporation)</p>
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			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>
			</td>
			<td style="width: 31.9%; vertical-align: top;">
			<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">(Commission File Number)</p>
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			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>
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			<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">(IRS Employer Identification No.)</p>
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<p style="margin: 0pt; text-align: justify; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

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			<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">2605 Eastside Park Road Suite 1, Evansville, Indiana</p>
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			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>
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			<td style="width: 31.9%; vertical-align: top; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;">
			<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">47715</p>
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			<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">(Address of principal executive offices)</p>
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			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>
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			<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">(Zip Code)</p>
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<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

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

<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">Registrant<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">&rsquo;s telephone number, including area code: (812) 550-1770</font></p>

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			<p style="margin: 0pt; text-align: center; font-family: Times New Roman, Times, serif; font-size: 10pt;">(Former name or former address, if changed since last report)</p>
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<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

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

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

<p style="margin: 0pt; text-align: left; text-indent: 27pt; font-family: Times New Roman, Times, serif; font-size: 10pt;">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:</p>

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

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

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			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 DFR 240.14a-12)</p>
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<p style="margin: 0pt; text-align: left; text-indent: 0pt; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

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

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

<p style="margin: 0pt; text-align: justify; font-family: Times New Roman, Times, serif; font-size: 10pt;">Indicate by check mark whether the registrant is an emerging growth company as defined in 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="margin: 0pt; text-align: justify; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">Emerging growth company [<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;"> ]</font></p>

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

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

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

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

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

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

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

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

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

<p style="margin: 0pt; text-align: justify; font-family: Times New Roman, Times, serif; font-size: 10pt;">On <font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">May 18, 2017, Integral Technologies, Inc. (the &ldquo;Company&rdquo;) entered into securities purchase agreements (the &ldquo;Purchase Agreements&rdquo;) with L2 Capital LLC (&ldquo;L2&rdquo;) and SBI Investments LLC, 2014-1 (&ldquo;SBI&rdquo;). Pursuant to the Purchase Agreements, the Company agreed to sell original issue discount convertible notes in the aggregate principal amount of up to $604,227 (the &ldquo;Notes&rdquo;) for an aggregate purchase price of up to $515,000</font><font style="font-family: Times New Roman, Times, serif; font-size: 10pt;"> (the &ldquo;Consideration&rdquo;) and warrants to purchase up to an aggregate of </font><font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">4,255,118 shares (the &ldquo;Warrants&rdquo;). At the closing of the Purchase Agreements on May 25, 2017, the investors paid the company an aggregate of $176,400 such that the outstanding principal of the Notes was $238,454.54. </font></p>

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

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

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

<p style="margin: 0pt; text-align: justify; font-family: Times New Roman, Times, serif; font-size: 10pt;">Each holder may pay, in its sole discretion, such additional amounts of the Consideration and at such dates as the holder may choose in its sole discretion. The maturity date for each tranche funded shall be six months from the effective date of each payment.<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;"> The Notes bear interest at a rate of 8% per year and a default interest rate of 24% per year. The Notes contain a 9.99% beneficial ownership limitation and may be converted by the holder at any time following an event of default. The conversion price of the Notes is equal to the product of (i) 0.675 multiplied by (ii) </font><font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">the average of the two lowest trading prices for the Company&rsquo;s common stock during the 20 trading day period ending on the last complete trading day prior to the date of conversion. In the event that the Company enters into a 3(a)(9) or 3(a)(10) transaction, in which any third party has the right to convert monies owed to that third party or receive shares pursuant to a settlement agreement or otherwise at a discount to market greater than the conversion price in effect at that time, then the conversion price shall be automatically adjusted to such greater discount. </font></p>

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

<p style="margin: 0pt; text-align: justify; font-family: Times New Roman, Times, serif; font-size: 10pt;">So long as <font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">a Note is outstanding, if any security of the Company contains any term more favorable to the holder of such security or with a term in favor of the holder of such security that was not similarly provided to the holders in the Notes, then, at the holder&rsquo;s option, such term shall become a part of the transaction documents with the holder. The types of terms contained in another security that may be more favorable to the holder of such security include, but are not limited to, terms addressing conversion discounts, prepayment rate, conversion look back periods, interest rates, original issue discounts, stock sale price, private placement price per share, and warrant coverage. </font></p>

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

<p style="margin: 0pt; text-align: justify; font-family: Times New Roman, Times, serif; font-size: 10pt;">Events of default include <font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">cross defaults on other debt, appointment of a new auditor, restatement of financial statements, failure to repay the Note in full upon a financing of $1,000,000 or more and other customary events of default. As described in the Notes, upon certain events of default, the company shall be required to immediately pay the holder the product of (i) two multiplied by (ii) an amount equal to 140% (plus an additional 5% per each additional event of default that occurs) multiplied by the then outstanding entire balance of the Note (including principal and accrued and unpaid interest) plus default interest, if any, plus any certain other amounts owed to the holder. </font></p>

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

<p style="margin: 0pt; text-align: justify; font-family: Times New Roman, Times, serif; font-size: 10pt;">The Notes may be prepaid at any time during the 90 days following May <font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">25, 2017 at a rate of 120% of the amounts outstanding and prepaid at any time after the 90 day period at a rate of 140% of the amounts outstanding. The Company shall be required to pay certain penalties upon entry into Section 3(a)(10) transactions and Section 3(a)(9) transactions, reverse splits and failures to provide holder with piggyback registration rights except with respect to the Company&rsquo;s next underwritten public offering. The Company granted the holders a right of first refusal on all future financings and agreed to use up to 50% of the proceeds received in a new financing to repay amounts owed under the Notes. </font></p>

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

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

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

<p style="margin: 0pt; text-align: justify; font-family: Times New Roman, Times, serif; font-size: 10pt;">The Warrants may be exercised immediately and have a term of seven years. The exercise price of the <font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">Warrants is $0.055, subject to adjustment as provided therein. The Company may redeem a Warrant at any time during the 12 month period immediately following the Issue Date, by making payment to the holder of an amount in cash equal to the greater of (i) 140% multiplied by 110% of the closing bid price of the common stock on the Issuance Date and (ii) 140% multiplied by the volume weighted average price of the common stock during the 20 trading days immediately preceding the date of holder&rsquo;s receipt of the redemption notice. If the highest traded price of the common stock during the 30 trading days prior to the date of an exercise of notice is greater than the exercise price, then the holder may elect to exercise the Warrant pursuant to a cashless exercise. The Warrants have a 9.99% beneficial ownership limitation and the exercise price shall be adjusted in the event of future issuances of Company securities at a price per share below $0.055. </font></p>

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

<p style="margin: 0pt; text-align: justify; font-family: Times New Roman, Times, serif; font-size: 10pt;"><i>Equity Purchase Agreement </i><font style="font-family: Times New Roman, Times, serif; font-size: 10pt;"><i>and Commitment Notes</i></font></p>

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

<p style="margin: 0pt; text-align: justify; font-family: Times New Roman, Times, serif; font-size: 10pt;">On May <font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">19, 2017, the Company entered into an equity purchase agreement with the holders of the Notes (the &ldquo;Investment Agreement&rdquo;). &nbsp;Pursuant to the Investment Agreement, the Company agreed to issue and sell to the investors an indeterminate number of shares of the Company&rsquo;s common stock in exchange for their commitment to invest up to an aggregate of $5,000,000, based upon an exemption from registration provided under Section 4(a)(2) of the 1933 Securities Act, and Section 506 of Regulation D promulgated thereunder. Concurrently, the Company and the investors entered into a registration rights agreement (the &ldquo;Registration Rights Agreement&rdquo;), as inducement to the investors to execute and deliver the Investment Agreement, whereby the Company agreed to use its best efforts to file, within 75 days of the date of the Registration Rights Agreement, with the Securities and Exchange Commission, a registration statement or registration statements (as is necessary) on Form S-1, covering the resale of shares of common stock issuable to the investors under the Investment Agreement. </font></p>

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

<p style="margin: 0pt; text-align: justify; font-family: Times New Roman, Times, serif; font-size: 10pt;">In <font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">connection with entry into the Investment Agreement, the Company on May 25, 2017 issued to the investors </font><font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">convertible promissory notes in the total aggregate amount of $210,000.00 (in the amount of $105,000.00 to L2 and $105,000.00 to SBI). &nbsp;The Commitment Notes have the same terms as the Notes described above. </font></p>

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

<p style="margin: 0pt; text-align: justify; font-family: Times New Roman, Times, serif; font-size: 10pt;">The Notes, Warrants and Commitment Notes <font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">were issued and sold to &ldquo;accredited investors&rdquo; (as defined by Rule 501 under the Securities Act) in reliance upon exemptions from registration under the Securities Act afforded by Section&nbsp;4(a)(2) of the Securities Act and Rule 506 of Regulation D promulgated thereunder and corresponding provisions of state securities laws. The foregoing description of the terms and conditions of the Purchase Agreement, the Notes, the Warrants, the Investment Agreement, the Registration Rights Agreement and the Commitment Notes is only a summary and is qualified in its entirety by the full text of the Form of Purchase Agreement, the Form of Note, the Form of Warrant, the Investment Agreement, the Registration Rights Agreement and the Form of Commitment Note, which are filed as Exhibits 10.1, 10.2, 10.3, 10.4, 10.5 and 10.6 to this Current Report and incorporated herein by reference.</font></p>

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

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

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

<p style="margin: 0pt; text-align: justify; font-family: Times New Roman, Times, serif; font-size: 10pt;">Exhibit 10.7 filed herewith contains a trading agreement entered into between SBI and L2 Capital. In accordance with the terms of the trading agreement, all shares purchased from the Company pursuant to the aforementioned parties agreements with the Company will be held by a designated brokerage firm and the proceeds of sale will be paid 50% to L2 Capital and 50% to SBI.</p>

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

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

<hr style="border: currentColor; border-image: none; width: 100%; height: 2px; color: rgb(0, 0, 0); page-break-after: always; background-color: rgb(0, 0, 0);">
<div id="PGHDR" style="width: 100%; text-align: left;">&nbsp;</div>
</div>

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

<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;"><b>ITEM 9.01 Financial Statements and Exhibits.</b></p>

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

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

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

<table border="0" cellpadding="0" cellspacing="0" id="TBL8" style="width: 100%; text-indent: 0px; font-family: Times New Roman, Times, serif; font-size: 10pt;">

		<tr>
			<td style="width: 64px; vertical-align: middle;">&nbsp;</td>
			<td style="width: 12px; vertical-align: middle;">&nbsp;</td>
			<td style="width: 963px; vertical-align: middle;">&nbsp;</td>
		</tr>
		<tr>
			<td style="width: 64px; vertical-align: top; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;">
			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">Exhibit</p>

			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">Number</p>
			</td>
			<td style="width: 12px; vertical-align: top;">
			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>
			</td>
			<td style="width: 963px; vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;">
			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">Description</p>
			</td>
		</tr>
		<tr>
			<td style="width: 64px; vertical-align: top;">
			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">10<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">.1</font></p>
			</td>
			<td style="width: 12px; vertical-align: top;">
			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>
			</td>
			<td style="width: 963px; vertical-align: top;">
			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">Form of Purchase Agreement</p>
			</td>
		</tr>
		<tr>
			<td style="width: 64px; vertical-align: top;">
			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">10<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">.2</font></p>
			</td>
			<td style="width: 12px; vertical-align: top;">
			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>
			</td>
			<td style="width: 963px; vertical-align: top;">
			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">Form of Note</p>
			</td>
		</tr>
		<tr>
			<td style="width: 64px; vertical-align: top;">
			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">10<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">.3</font></p>
			</td>
			<td style="width: 12px; vertical-align: top;">
			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>
			</td>
			<td style="width: 963px; vertical-align: top;">
			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">Form of Warrant</p>
			</td>
		</tr>
		<tr>
			<td style="width: 64px; vertical-align: top;">
			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>
			</td>
			<td style="width: 12px; vertical-align: top;">
			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>
			</td>
			<td style="width: 963px; vertical-align: top;">&nbsp;</td>
		</tr>
		<tr>
			<td style="width: 64px; vertical-align: top;">
			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">10<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">.4</font></p>
			</td>
			<td style="width: 12px; vertical-align: top;">
			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>
			</td>
			<td style="width: 963px; vertical-align: top;">
			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">Registration Rights Agreement</p>
			</td>
		</tr>
		<tr>
			<td style="width: 64px; vertical-align: top;">
			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">10<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">.5</font></p>
			</td>
			<td style="width: 12px; vertical-align: top;">
			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>
			</td>
			<td style="width: 963px; vertical-align: top;">
			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">Form of Commitment Note</p>
			</td>
		</tr>
		<tr>
			<td style="width: 64px; vertical-align: top;">10.6<font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;&nbsp;</font></td>
			<td style="width: 12px; vertical-align: top;">&nbsp;</td>
			<td style="width: 963px; vertical-align: top;"><font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">Trading Agreemnet</font></td>
		</tr>

</table>

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

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

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<div id="PGHDR" style="width: 100%; text-align: left;">&nbsp;</div>
</div>

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

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

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

<table border="0" cellpadding="0" cellspacing="0" id="TBL9" style="width: 100%; text-indent: 0px; font-family: Times New Roman, Times, serif; font-size: 10pt;">

		<tr>
			<td style="width: 49.8%; vertical-align: top;">
			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>
			</td>
			<td colspan="2" style="width: 45.5%; vertical-align: top;">
			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;"><b>INTEGRAL TECHNOLOGIES, INC.</b></p>
			</td>
			<td style="width: 4.8%; vertical-align: top;">
			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>
			</td>
		</tr>
		<tr>
			<td style="width: 49.8%; vertical-align: top;">
			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>
			</td>
			<td style="width: 5.7%; vertical-align: top;">
			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>
			</td>
			<td style="width: 39.8%; vertical-align: top;">
			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>
			</td>
			<td style="width: 4.8%; vertical-align: top;">
			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>
			</td>
		</tr>
		<tr>
			<td style="width: 49.8%; vertical-align: top;">
			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">Dated: <font style="font-family: Times New Roman, Times, serif; font-size: 10pt;">May 31, 2017</font></p>
			</td>
			<td style="width: 5.7%; vertical-align: top;">
			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">By:</p>
			</td>
			<td style="width: 39.8%; vertical-align: top; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid;">
			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">/s/ Doug Bathauer</p>
			</td>
			<td style="width: 4.8%; vertical-align: top;">
			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>
			</td>
		</tr>
		<tr>
			<td style="width: 49.8%; vertical-align: top;">
			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>
			</td>
			<td style="width: 5.7%; vertical-align: top;">
			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">Name:</p>
			</td>
			<td style="width: 39.8%; vertical-align: top;">
			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">Doug Bathauer</p>
			</td>
			<td style="width: 4.8%; vertical-align: top;">
			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>
			</td>
		</tr>
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			<td style="width: 49.8%; vertical-align: top;">
			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>
			</td>
			<td style="width: 5.7%; vertical-align: top;">
			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">Title:</p>
			</td>
			<td style="width: 39.8%; vertical-align: top;">
			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">Chief Executive Officer</p>
			</td>
			<td style="width: 4.8%; vertical-align: top;">
			<p style="margin: 0pt; text-align: left; font-family: Times New Roman, Times, serif; font-size: 10pt;">&nbsp;</p>
			</td>
		</tr>

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itkg20170607_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):
May 30, 2017
Integral Technologies, Inc.
(Exact Name of Registrant as Specified in Charter)
Nevada
000-28353
98-0163519
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)
2605 Eastside Park Road Suite 1, Evansville, Indiana
47715
(Address of principal executive offices)
(Zip Code)
Registrant
's telephone number, including area code: (812) 550-1770
(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:
☐
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 DFR 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.
Indicate by check mark whether the registrant is an emerging growth company as defined in 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 1.01 Entry into a Material Definitive Agreement.
ITEM 3.02 Unregistered Sales of Equity Securities.
Securities Purchase Agreements
On
May 18, 2017, Integral Technologies, Inc. (the "Company") entered into securities purchase agreements (the "Purchase Agreements") with L2 Capital LLC ("L2") and SBI Investments LLC, 2014-1 ("SBI"). Pursuant to the Purchase Agreements, the Company agreed to sell original issue discount convertible notes in the aggregate principal amount of up to $604,227 (the "Notes") for an aggregate purchase price of up to $515,000
(the "Consideration") and warrants to purchase up to an aggregate of
4,255,118 shares (the "Warrants"). At the closing of the Purchase Agreements on May 25, 2017, the investors paid the company an aggregate of $176,400 such that the outstanding principal of the Notes was $238,454.54.
The Notes
Each holder may pay, in its sole discretion, such additional amounts of the Consideration and at such dates as the holder may choose in its sole discretion. The maturity date for each tranche funded shall be six months from the effective date of each payment.
The Notes bear interest at a rate of 8% per year and a default interest rate of 24% per year. The Notes contain a 9.99% beneficial ownership limitation and may be converted by the holder at any time following an event of default. The conversion price of the Notes is equal to the product of (i) 0.675 multiplied by (ii)
the average of the two lowest trading prices for the Company's common stock during the 20 trading day period ending on the last complete trading day prior to the date of conversion. In the event that the Company enters into a 3(a)(9) or 3(a)(10) transaction, in which any third party has the right to convert monies owed to that third party or receive shares pursuant to a settlement agreement or otherwise at a discount to market greater than the conversion price in effect at that time, then the conversion price shall be automatically adjusted to such greater discount.
So long as
a Note is outstanding, if any security of the Company contains any term more favorable to the holder of such security or with a term in favor of the holder of such security that was not similarly provided to the holders in the Notes, then, at the holder's option, such term shall become a part of the transaction documents with the holder. The types of terms contained in another security that may be more favorable to the holder of such security include, but are not limited to, terms addressing conversion discounts, prepayment rate, conversion look back periods, interest rates, original issue discounts, stock sale price, private placement price per share, and warrant coverage.
Events of default include
cross defaults on other debt, appointment of a new auditor, restatement of financial statements, failure to repay the Note in full upon a financing of $1,000,000 or more and other customary events of default. As described in the Notes, upon certain events of default, the company shall be required to immediately pay the holder the product of (i) two multiplied by (ii) an amount equal to 140% (plus an additional 5% per each additional event of default that occurs) multiplied by the then outstanding entire balance of the Note (including principal and accrued and unpaid interest) plus default interest, if any, plus any certain other amounts owed to the holder.
The Notes may be prepaid at any time during the 90 days following May
25, 2017 at a rate of 120% of the amounts outstanding and prepaid at any time after the 90 day period at a rate of 140% of the amounts outstanding. The Company shall be required to pay certain penalties upon entry into Section 3(a)(10) transactions and Section 3(a)(9) transactions, reverse splits and failures to provide holder with piggyback registration rights except with respect to the Company's next underwritten public offering. The Company granted the holders a right of first refusal on all future financings and agreed to use up to 50% of the proceeds received in a new financing to repay amounts owed under the Notes.
The Warrants
The Warrants may be exercised immediately and have a term of seven years. The exercise price of the
Warrants is $0.055, subject to adjustment as provided therein. The Company may redeem a Warrant at any time during the 12 month period immediately following the Issue Date, by making payment to the holder of an amount in cash equal to the greater of (i) 140% multiplied by 110% of the closing bid price of the common stock on the Issuance Date and (ii) 140% multiplied by the volume weighted average price of the common stock during the 20 trading days immediately preceding the date of holder's receipt of the redemption notice. If the highest traded price of the common stock during the 30 trading days prior to the date of an exercise of notice is greater than the exercise price, then the holder may elect to exercise the Warrant pursuant to a cashless exercise. The Warrants have a 9.99% beneficial ownership limitation and the exercise price shall be adjusted in the event of future issuances of Company securities at a price per share below $0.055.
Equity Purchase Agreement
and Commitment Notes
On May
19, 2017, the Company entered into an equity purchase agreement with the holders of the Notes (the "Investment Agreement").  Pursuant to the Investment Agreement, the Company agreed to issue and sell to the investors an indeterminate number of shares of the Company's common stock in exchange for their commitment to invest up to an aggregate of $5,000,000, based upon an exemption from registration provided under Section 4(a)(2) of the 1933 Securities Act, and Section 506 of Regulation D promulgated thereunder. Concurrently, the Company and the investors entered into a registration rights agreement (the "Registration Rights Agreement"), as inducement to the investors to execute and deliver the Investment Agreement, whereby the Company agreed to use its best efforts to file, within 75 days of the date of the Registration Rights Agreement, with the Securities and Exchange Commission, a registration statement or registration statements (as is necessary) on Form S-1, covering the resale of shares of common stock issuable to the investors under the Investment Agreement.
In
connection with entry into the Investment Agreement, the Company on May 25, 2017 issued to the investors
convertible promissory notes in the total aggregate amount of $210,000.00 (in the amount of $105,000.00 to L2 and $105,000.00 to SBI).  The Commitment Notes have the same terms as the Notes described above.
The Notes, Warrants and Commitment Notes
were issued and sold to "accredited investors" (as defined by Rule 501 under the Securities Act) in reliance upon exemptions from registration under the Securities Act afforded by Section 4(a)(2) of the Securities Act and Rule 506 of Regulation D promulgated thereunder and corresponding provisions of state securities laws. The foregoing description of the terms and conditions of the Purchase Agreement, the Notes, the Warrants, the Investment Agreement, the Registration Rights Agreement and the Commitment Notes is only a summary and is qualified in its entirety by the full text of the Form of Purchase Agreement, the Form of Note, the Form of Warrant, the Investment Agreement, the Registration Rights Agreement and the Form of Commitment Note, which are filed as Exhibits 10.1, 10.2, 10.3, 10.4, 10.5 and 10.6 to this Current Report and incorporated herein by reference.
Trading Agreement
Exhibit 10.7 filed herewith contains a trading agreement entered into between SBI and L2 Capital. In accordance with the terms of the trading agreement, all shares purchased from the Company pursuant to the aforementioned parties agreements with the Company will be held by a designated brokerage firm and the proceeds of sale will be paid 50% to L2 Capital and 50% to SBI.
ITEM 9.01 Financial Statements and Exhibits.
(d
)
Exhibits
Exhibit
Number
Description
10
.1
Form of Purchase Agreement
10
.2
Form of Note
10
.3
Form of Warrant
10
.4
Registration Rights Agreement
10
.5
Form of Commitment Note
10.6
Trading Agreemnet
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.
INTEGRAL TECHNOLOGIES, INC.
Dated:
May 31, 2017
By:
/s/ Doug Bathauer
Name:
Doug Bathauer
Title:
Chief Executive Officer