Item 1.02 - Termination of a Material Definitive Agreement.

Effective August 4, 2022, the Registrant terminated a previously announced Equity Line Purchase Agreement ("Agreement") whereby subject to the terms and conditions set forth in this Agreement, the Registrant would have sold to the Investor up to Ten Million Dollars ($10,000,000) or Four Hundred Million (400,000,000) shares of registered common stock, $0.001 par value per share (the "Common Stock").

The Registrant had discussions with the potential investor and they both determined that based upon existing market dynamics, the existing Agreement should be terminated and both parties are negotiating new terms. The Registrant continues to have funding discussions with the potential investor, as well as the Registrant's existing institutional investors.

Item 7.01 - Regulation FD Disclosure

The Registrant filed a press release dated July 29, 2022, announcing full funding for the 2022 Training Camp and opening of the 2022 season was not completed as planned. As a result, the unexpected delay resulted in the Registrant suspending the Training Camp and potentially delaying the beginning of the 2022 season. A copy of the Registrant's press release is attached.

Item 9.01 Financial Statements and Exhibits.





(d) Exhibits


The following exhibit is furnished herewith:





  99.1       Press Release issued by the Registrant on July 29, 2022





2

© Edgar Online, source Glimpses