Item 8.01 OTHER EVENTS
Bravatek Solutions, Inc. (the "Company") will be relying on the Securities and
Exchange Commission's Order under Section 36 of the Securities Exchange Act of
1934 Granting Exemptions From Specified Provisions of the Exchange Act and
Certain Rules Thereunder dated March 4, 2020 (Release No. 34-88318) (the
"Order") to delay the filing of its Annual Report on Form 10-K for the year
ended December 31, 2019 (the "Report") due to the circumstances related to
COVID-19. In particular, COVID-19 has caused severe disruptions in
transportation and limited access to the Company's facilities due, among other
things, to our immediate response to assist government officials in dealing
effectively with COVID-19, resulting in limited support from its staff and
professional advisors. This has, in turn, delayed the Company's ability to
complete its audit and prepare the Report. Notwithstanding the foregoing, the
Company expects to file the Report no later than May 14, 2020 (which is 45 days
from the Report's original filing deadline of March 30, 2020). In light of the
current COVID-19 pandemic, the Company will be including the following Risk
Factor in its Report:
An occurrence of an uncontrollable event such as the COVID-19 pandemic may
negatively affect our operations.
The occurrence of an uncontrollable event such as the COVID-19 pandemic may
negatively affect our operations. A pandemic typically results in social
distancing, travel bans and quarantine, and this may limit access to our
facilities, customers, management, support staff and professional advisors.
These factors, in turn, may not only impact our operations, financial condition
and demand for our goods and services but our overall ability to react timely to
mitigate the impact of this event. Also, it may hamper our efforts to comply
with our filing obligations with the Securities and Exchange Commission.
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