UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6 - K

 

Report of Foreign Private Issuer

 

Pursuant to Rule 13a - 16 or 15d -16

Under the Securities Exchange Act of 1934

 

For the Month of February 2020

 

Commission file number 001-14184

 

B.O.S. Better Online Solutions Ltd.

(Translation of Registrant’s Name into English)

 

20 Freiman Street, Rishon LeZion, 7535825, Israel 

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

 

Form 20-F ☒     Form 40-F

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ___________

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ___________

  

 

 

 

 

B.O.S. Better Online Solutions Ltd.

 

The first and third paragraphs of the Press Release that is attached as Exhibit 99.1 to this Form 6-K are hereby incorporated by reference into all effective registration statements filed by us under the Securities Act of 1933, as amended, to the extent not superseded by documents or reports subsequently filed or furnished.

 

Attached hereto is the following exhibit:

 

99.1  Press Release: B.O.S Announces Funding of $600,000

  

1

 

 

Signature

 

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, thereunto duly authorized.

 

  B.O.S. Better Online Solutions Ltd.
  (Registrant)
     
  By: /s/ Eyal Cohen
    Eyal Cohen
    Chief Executive Officer

 

Dated: February 26, 2020

  

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EXHIBIT INDEX

 

EXHIBIT NO.   DESCRIPTION
     
99.1   Press Release: B.O.S Announces Funding of $600,000

 

 

 

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Exhibit 99.1

 

B.O.S Announces Funding of $600,000

 

RISHON LEZION, Israel, February 25, 2020 -- B.O.S Better Online Solutions Ltd. (“BOS” or the “Company”) (NASDAQ: BOSC), a global provider of Intelligent Robotics and Supply Chain solutions for enterprises, announced today that it has entered into an agreement for a loan from a private investment fund in the principal amount of $600,000.

 

Eyal Cohen, BOS CEO stated, “We are focused on driving growth opportunities related to our Robotics business in the United States. In late 2019, we opened a sales office in Dallas, Texas and appointed a U.S. Director of Sales. The loan proceeds will support the build out of our U.S. sales platform as we work to increase our market recognition.”

 

The principal loan amount bears an interest rate of 8% per annum and is not secured. The loan will be repaid in 12 monthly installments of principal and interest. BOS shall issue to the lender warrants to purchase up to 100,000 ordinary shares of the Company at an exercise price of $3.00 per ordinary share. The warrants shall be exercisable for a period of two years from issuance. The Company paid to the lender a commitment fee of $15,000.

 

About BOS 

 

BOS is a global provider of Intelligent Robotics and Supply Chain solutions for enterprises. BOS offers smart automation systems for industrial processes, logistics and retail stores. The Company’s Supply Chain division provides electronic components mainly for the aerospace, defense and other industries worldwide including electronic components services of consolidation from a vast number of suppliers, long term scheduling and kitting.  For more information, please visit: www.boscorporate.com , www.imdecol.com or contact:

 

International

 

John Nesbett

IMS Investor Relations
(203) 972-9200 jnesbett@institutionalms.com

Company Contact

 

Eyal Cohen, CEO

BOS

+972-542525925

eyalc@boscom.com 

 

Safe Harbor Regarding Forward-Looking Statements

 

The forward-looking statements contained herein reflect management’s current views with respect to future events and financial performance. These forward-looking statements are subject to certain risks and uncertainties that could cause the actual results to differ materially from those in the forward-looking statements, all of which are difficult to predict and many of which are beyond the control of BOS.  These risk factors and uncertainties include, amongst others, the dependency of sales being generated from one or a few major customers, the uncertainty of BOS being able to maintain current gross profit margins, inability to keep up or ahead of technology and to succeed in a highly competitive industry, inability to maintain marketing and distribution arrangements and to expand our overseas markets, uncertainty with respect to the prospects of legal claims against BOS, the effect of exchange rate fluctuations, general worldwide economic conditions and continued availability of financing for working capital purposes and to refinance outstanding indebtedness; risks associated with completing and successfully integrating an acquisition with BOS’s existing business; and additional risks and uncertainties detailed in BOS’ periodic reports and registration statements filed with the U.S. Securities and Exchange Commission. BOS undertakes no obligation to publicly update or revise any such forward-looking statements to reflect any change in its expectations or in events, conditions or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements.