U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): October 19, 2009
(August 21, 2009)
ACE MARKETING & PROMOTIONS, INC.
(Exact name of registrant as specified in its charter)
NEW YORK 000-51160 11-3427886
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
457 ROCKAWAY AVENUE, VALLEY STREAM, NY 11582
(Address of principal executive offices (Zip Code)
Registrant's telephone number: (516) 256-7766
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(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):
[_] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[_] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17CFR 240.14d-2(b))
[_] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17CFR 240.13e-4(c))
Item 3.02 UNREGISTERED SALES OF EQUITY SECURITIES
On July 14, 2009, Ace Marketing & Promotions, Inc. entered into a
Placement Agent Agreement with Sierra Equity Group LLC, a FINRA registered
broker-dealer ("Sierra"), to attempt to raise additional financing through the
sale of its Common Stock and Warrants. Between August 21, 2009 and October 15,
2009, the Company closed on gross proceeds of $499,250 and received net cash
proceeds of approximately $403,000, after commissions of approximately $50,000,
legal expenses of $40,000 and blue sky, escrow and printing expenses of
approximately $7,000. The planned use of proceeds is to primarily expand the
Company's mobile and interactive divisions. In connection with the offering, the
Company entered into a Financial Advisory Agreement with Sierra pursuant to
which Sierra would receive 300,000 shares of Common Stock and an additional 10%
of the number of shares sold in the offering. As of October 15, 2009, the
Company is obligated to issue pursuant to the terms of the offering and the
Financial Advisory Agreement an aggregate of 717,253 shares of Common Stock at
an average per share price of $.696 per share and 358,627 Warrants exercisable
at $1.00 per share to investors in the offering and an aggregate of 371,725
shares and 35,863 Warrants to Sierra. All securities are being issued pursuant
to Rule 506 of Regulation D promulgated under Section 4(2) of the Securities Act
of 1933, as amended. All certificates will bear an appropriate restrictive
legend.
SIGNATURE
Pursuant to the requirements of Section 13 or 15(b) 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.
ACE MARKETING & PROMOTIONS, INC.
Dated: October 19, 2009 By: /s/ Michael D. Trepeta
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Michael D. Trepeta, President