UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d)
of The Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported):
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |
| (Address of principal executive offices) | (Zip Code) |
| ( |
| (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 Instruction A.2. below):
|
|
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) |
Name of each exchange on which registered | ||
| OTC Bulletin Board |
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 1.01. Entry Into A Material Definitive Agreement.
On August 19, 2025, the Company entered into a Securities Purchase Agreement ("SPA") with a group of investors for the private placement of 5,000,000 shares of the Company's common stock at a price of $0.10 per share. At the closing of this private placement, the Company received gross proceeds of $500,000.
There are no registration rights applicable to the shares issued in the private placement.
The foregoing is only a brief description of the material terms of the SPA, which is filed as an exhibit to this Current Report on Form 8-K. The foregoing does not purport to be a complete description of the rights and obligations of the parties thereunder and such descriptions are qualified in their entirety by reference to such exhibits.
Item 3.02. Unregistered Sales of Equity Securities.
All of the securities described above in Item 1.01 of this Current Report on Form 8-K were offered and sold in reliance upon exemptions from registration pursuant to Section 4(a)(2) under the Securities Act of 1933, as amended ("Securities Act"), and Rule 506 of Regulation D promulgated thereunder. The offering was made to "accredited investors" (as defined by Rule 501 under the Securities Act).
Item 5.07. Submission of Matters to a Vote of Security Holders.
Encision Inc. (the "Company") held its Annual Meeting of Stockholders ("Annual Meeting") on August 21, 2025. The matters voted upon at the Annual Meeting and the results of such voting are set forth below.
Proposal 1 - Election of 4 directors to serve until the 2026 annual meeting of stockholders; each until his successor has been elected and qualified
| Nominee | Votes For | Withheld | Broker Non-Votes | |||||||||
| Robert H. Fries | 7,637,005 | 15,101 | 2,315,970 | |||||||||
| Vern D. Kornelsen | 7,407,141 | 244,965 | 2,315,970 | |||||||||
| Patrick W. Pace | 7,558,686 | 93,420 | 2,315,970 | |||||||||
| Gregory J. Trudel | 7,637,005 | 15,101 | 2,315,970 | |||||||||
All four director nominees were duly elected.
Proposal 2 - Ratification of appointment of independent registered accounting firm – Green Growth CPAs
| Votes For | Votes Against | Abstain | Broker Non-Votes | |||||||||||
| 9,772,240 | 189,071 | 6,765 | — |
Proposal 2 was approved.
Proposal 3 – To vote for a non-binding advisory vote on Executive Compensation
| Votes For | Votes Against | Abstain | Broker Non-Votes | |||||||||||
| 7,341,220 | 301,521 | 9,365 | 2,315,970 |
Proposal 3 was approved.
Proposal 4 – Recommend frequency of non-binding vote on Executive Compensation
| Votes For 1 Year | Votes For 2 Years | Votes for 3 Years | Abstain | |||||||||||
| 2,498,180 | 102,005 | 5,005,296 | 46,625 |
Proposal 4 was approved for 3 years.
Item 7.01. Regulation FD Disclosure.
On August 21, 2025, the Company issued a press release announcing the closing of the private placement, a copy of which is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is hereby incorporated herein by reference.
The information contained in this Current Report on Form 8-K under Item 7.01, including Exhibit 99.1, is being furnished pursuant to Item 7.01 of Form 8-K and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section. The information contained in this Current Report on Form 8-K under Item 7.01, shall not be incorporated by reference into any filing under the Securities Act of 1933, as amended, or any filing under the Exchange Act, whether made before or after the date hereof, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit Number | Description | |
| 10.1 | Securities Purchase Agreement dated August 19, 2025 | |
| 99.1 | Press Release issued by Encision, Inc., dated August 21, 2025, regarding a private placement transaction. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
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.
| ENCISION, INC. | |
| (Registrant) | |
| Date: August 21, 2025 | |
| /s/ Brandon Shepard | |
| Brandon Shepard | |
| Controller | |
| Principal Accounting Officer |