Business Context and Reporting Period
This Form 8-K was filed by Command Center, Inc. (not Hirequest, Inc.) on April 20, 2010, reporting events occurring on April 16, 2010. The company is incorporated in Washington and maintains its principal executive offices in Post Falls, Idaho.
Key Financial Metrics
The filing does not provide specific financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on a capital raising event.
Material Changes
The primary material change reported is the initiation of a private placement offering on April 16, 2010. The company announced plans to sell up to 7,500,000 Units at a price of $0.08 per Unit. Each Unit consists of one share of Common Stock and one-half of a Common Stock Purchase Warrant.
Guidance, Outlook, and Risks
- Offering Structure: The offering is limited to Accredited Investors and is expected to close on or about April 30, 2010.
- Warrant Terms: Warrants expire on April 15, 2015, with exercise prices ranging from $0.08 to $1.00 per share based on time.
- Regulatory Status: The securities are unregistered and offered pursuant to Section 4(2) of the Securities Act of 1933. No registration rights are granted.
- Risks: The securities may not be offered or sold in the United States absent registration or an applicable exemption. Investors must sign a Stock Subscription/Suitability Agreement.
Investor Verification Checklist
- Verify the actual closing date of the offering (expected April 30, 2010) and the total capital raised.
- Confirm the number of Units actually sold versus the maximum 7,500,000 authorized.
- Review the specific exercise price schedule for the warrants to understand dilution potential.
- Check subsequent filings for any updates on the use of proceeds from this private placement.