vaso_8k
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: June 24, 2021
(Date
of earliest event reported)
VASO CORPORATION
(Exact
name of registrant as specified in charter)
Delaware
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0-18105
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11-2871434
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(State
or other jurisdiction
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(Commission
File
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(IRS
Employer
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of
incorporation)
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Number)
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Identification
No.)
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137
Commercial Street, Suite 200, Plainview, New York
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11803
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code:
(516) 997-4600
_________________________________________________
(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):
□
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Written
communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
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□
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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□
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR 240.14d-2(b))
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□
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Pre-commencement
to communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c))
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Securities
registered or to be registered pursuant to Section 12(b) of the
Act:
Title
of each class
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Trading
Symbol(s)
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Name of
each exchange on which registered
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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 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 accountant standards provided
pursuant to Section 13(a) of the Exchange Act. □
ITEM 1.02 – TERMINATION OF A MATERIAL DEFINITIVE
AGREEMENT.
In
April 2020, Vaso Corporation (the “Company”) received
funding of a $3,610,900 Note (the “PPP Note”) issued by
PNC Bank (“PNC”) pursuant to the Coronavirus Aid,
Relief and Economic Security (CARES) Act’s Paycheck
Protection Program.
On June
24, 2021, the Company received confirmation that on June 10, 2021
the Small Business Administration approved the Company’s PPP
Note forgiveness application for the entire PPP Note balance of
$3,610,900 in principal and $42,428.07 in interest. Accordingly,
the Note issued by PNC has been fully forgiven.
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.
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VASO CORPORATION
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Date:
June 25, 2021
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By:
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/s/ Jun Ma
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Jun Ma
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Chief
Executive Officer and President
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