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

March 14, 2006
Date of Report (Date of earliest event reported)


Jupiter Global Holdings, Corp.
(Exact name of registrant as specified in its charter)
 
Nevada
(State or other jurisdiction of incorporation)
 
000-27233    
             98-0204736   
(Commission File Number)  
(IRS Employer Identification No.)


62 West 8th Avenue, 4th Floor, Vancouver, British Columbia, Canada V5Y 1M7
(address of principal executive offices)
 
  (604) 682-6541 
(Registrant’s telephone number, including area code)

 

 
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Item 3.02 Unregistered Sales of Equity Securities.

On March 14, 2006, the Registrant’s board of directors approved the issuance of a total of 150,000,000 common shares at $0.0001/share (the “Shares”) to one individual for the reduction of $15,000.00 of accrued liabilities owed the individual by the Registrant. The common shares were issued as restricted securities and are exempt from registration under §5 of the Securities Act of 1933, as the issuances are deemed exempt from registration under §4(1) and 4(2) of the Securities Act of 1933, as well as Regulation D promulgated thereunder.

On March 14, 2006, the Registrant’s board of directors approved the issuance of a total of 76,000,000 common shares at $0.0002/share (the “Shares”) to one individual for the reduction of $15,200.00 of accrued liabilities owed the individual by the Registrant. The common shares were issued as restricted securities and are exempt from registration under §5 of the Securities Act of 1933, as the issuances are deemed exempt from registration under §4(1) and 4(2) of the Securities Act of 1933, as well as Regulation D promulgated thereunder.

On March 14, 2006, the Registrant’ board of directors approved the issuance of a total of 42,000,000 common shares at $0.0002/share (the “Shares”) to one individual for the reduction of $8,400.00 of accrued liabilities owed the individual by the Registrant. The common shares were issued as restricted securities and are exempt from registration under §5 of the Securities Act of 1933, as the issuances are deemed exempt from registration under §4(1) and 4(2) of the Securities Act of 1933, as well as Regulation D promulgated thereunder.

On March 14, 2006, the Registrant’s board of directors approved the issuance of a total of 120,000,000 common shares at $0.0002/share (the “Shares”) evenly to two individuals for the reduction of a total $12,000.00 of accrued liabilities from Promissory Note(s) owed the two individuals by the Registrant. The common shares were issued as restricted securities and are exempt from registration under §5 of the Securities Act of 1933, as the issuances are deemed exempt from registration under §4(1) and 4(2) of the Securities Act of 1933, as well as Regulation D promulgated thereunder.

On March 14, 2006, the Registrant’s board of directors also approved the issuance of 220,500,000 common shares at $0.0002/share (the “Shares”) to one individual for the reduction of $44,100.00 of accrued liabilities from Promissory Note(s) owed the individual by the Registrant. The common shares were issued as restricted securities and are exempt from registration under §5 of the Securities Act of 1933, as the issuances are deemed exempt from registration under §4(1) and 4(2) of the Securities Act of 1933, as well as Regulation D promulgated thereunder.

On March 14, 2006, the Registrant’s board of directors also approved the issuance of 180,000,000 common shares at $0.0002/share (the “Shares”) to one individual for the reduction of $36,000.00 of accrued liabilities from Promissory Note(s) owed the individual by the Registrant. The common shares were issued as restricted securities and are exempt from registration under §5 of the Securities Act of 1933, as the issuances are deemed exempt from registration under §4(1) and 4(2) of the Securities Act of 1933, as well as Regulation D promulgated thereunder.

On March 14, 2006, the Registrant’s board of directors also approved the issuance of 67,027,027 Series B Convertible Preferred Shares at $0.000925/share and 52,972,973 Series B Convertible Preferred Shares at $0.000925/share (the “Shares”), each to two officers and directors of the Registrant (respectively, the President/CEO and CFO) for the reduction of $62,000.00 and $49,000.00 of accrued liabilities from services rendered, compensation for which had accrued for each of the individuals by the Registrant. The Series B Convertible Preferred Shares were issued as restricted securities and are exempt from registration under §5 of the Securities Act of 1933, as the issuances are deemed exempt from registration under §4(1) and 4(2) of the Securities Act of 1933, as well as Regulation D promulgated thereunder.

 
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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.
Dated this 17th day of March, 2006.

 
Jupiter Global Holdings, Corp.
 
 
 
By: /s/ Ray Hawkins
-------------------------------------------- 
Ray Hawkins
Chief Executive Officer
   

 
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