Amended Statement of Ownership (sc 13g/a)
11 February 2015 - 7:57AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
Information
to be Included in Statements Filed Pursuant to Rules 13d-1(b), (c)
and (d) and
Amendments Thereto Filed Pursuant to Rule 13d-2
(AMENDMENT
NO. 1)*
XsunX, Inc.
(Name of Issuer)
Common Stock,
no par value
(Title of Class
of Securities)
98385L102
(CUSIP Number)
December 31,
2014
(Date of Event
which Requires Filing of this Statement)
Check the appropriate box to designate
the rule pursuant to which this Schedule is filed:
☐ Rule 13d-1
(b)
☒ Rule 13d-1 (c)
☐ Rule 13d-1 (d)
* The remainder
of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class
of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover
page.
The information
required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the
Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall
be subject to all other provisions of the Act (however, see the Notes).
(Continued on following pages)
Page 1 of 6 Pages
CUSIP No. 98385L102 |
13G |
Page 2 of
6 Pages |
1 |
NAME
OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSONS (ENTITIES ONLY)
Gemini Master Fund, Ltd.
|
2 |
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)
o
(b) x
|
3 |
SEC
USE ONLY
|
4 |
CITIZENSHIP
OR PLACE OF ORGANIZATION
Cayman Islands
|
NUMBER
OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH |
5 |
SOLE
VOTING POWER
0
|
6 |
SHARED
VOTING POWER
62,234,858
|
7 |
SOLE
DISPOSITIVE POWER
0
|
8 |
SHARED
DISPOSITIVE POWER
62,234,858
|
9 |
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
62,234,858
|
10 |
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
o
|
11 |
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.9%
|
12 |
TYPE
OF REPORTING PERSON*
CO
|
* SEE INSTRUCTIONS BEFORE FILLING
OUT!
CUSIP No. 98385L102 |
13G |
Page 3 of
6 Pages |
1 |
NAME
OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSONS (ENTITIES ONLY)
Gemini Strategies LLC, Inc.
|
2 |
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)
o
(b) x
|
3 |
SEC
USE ONLY
|
4 |
CITIZENSHIP
OR PLACE OF ORGANIZATION
Delaware
|
NUMBER
OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH |
5 |
SOLE
VOTING POWER
0
|
6 |
SHARED
VOTING POWER
62,234,858
|
7 |
SOLE
DISPOSITIVE POWER
0
|
8 |
SHARED
DISPOSITIVE POWER
62,234,858
|
9 |
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
62,234,858
|
10 |
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
o
|
11 |
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.9%
|
12 |
TYPE
OF REPORTING PERSON*
CO
|
* SEE INSTRUCTIONS BEFORE FILLING
OUT!
CUSIP No. 98385L102 |
13G |
Page 4 of 6 Pages |
1 |
NAME
OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS.
OF ABOVE PERSONS (ENTITIES ONLY)
Steven Winters
|
2 |
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)
o
(b) x
|
3 |
SEC
USE ONLY
|
4 |
CITIZENSHIP
OR PLACE OF ORGANIZATION
United States
|
NUMBER
OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH |
5 |
SOLE
VOTING POWER
0
|
6 |
SHARED
VOTING POWER
62,234,858
|
7 |
SOLE
DISPOSITIVE POWER
0
|
8 |
SHARED
DISPOSITIVE POWER
62,234,858
|
9 |
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
62,234,858
|
10 |
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
o
|
11 |
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.9%
|
12 |
TYPE
OF REPORTING PERSON*
IN
|
* SEE INSTRUCTIONS BEFORE FILLING
OUT!
CUSIP No. 98385L102 |
13G |
Page 5 of 6 Pages |
This statement is filed pursuant to
Rule 13d-2(b) with respect to the common stock (“Common Stock”) of XsunX, Inc. beneficially owned by the Reporting
Persons specified herein as of February 10, 2015 and amends and supplements the Schedule 13G dated as of November 14, 2013 and
filed by the Reporting Persons on November 15, 2013 (“Schedule 13G”). Except as set forth herein, the Schedule 13G
is unmodified.
Provide the following
information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
|
(a) |
Amount Beneficially Owned: 62,234,858*
shares of Common Stock as of February 10, 2015 |
|
(b) |
Percent of Class: 9.9%* |
The Reporting Persons’
beneficial ownership constitutes 9.9%* of all the outstanding shares of Common Stock, based upon 616,652,086 shares of Common
Stock outstanding, which includes 591,400,069 shares outstanding as of January 13, 2015 as reported by the Issuer in its most
recent 10-K, plus 25,252,017 shares issued on January 29, 2015 as reported by the Issuer in its 8-K filed on February 3, 2015.
|
(c) |
Number of shares as to which such person has: |
|
(i) |
sole power to vote or to direct the vote: 0 |
|
(ii) |
shared power to vote or to direct the vote: 62,234,858* |
|
(iii) |
sole power to dispose or to direct the disposition
of: 0 |
|
(iv) |
shared power to dispose or to direct
the disposition of: 62,234,858* |
*The Reporting Persons may
be deemed to beneficially own (i) 50,252,017 shares of Common Stock held by Gemini Master Fund, Ltd. (“Shares”), and
(ii) an Amended and Restated 12% Promissory Note held by Gemini Master Fund, Ltd. in the outstanding principal amount of $177,000.00
(“Note”),which is convertible into shares of Common Stock (“Conversion Shares”).
In accordance with Rule 13d-4
under the Securities Exchange Act of 1934, as amended, because the number of shares of Common Stock into which the Note is convertible
is limited, pursuant to the terms of such instrument, to that number of shares of Common Stock which would result in the Reporting
Persons having beneficial ownership of 9.9% of the total issued and outstanding shares of Common Stock (the "Ownership Limitation"),
the Reporting Persons disclaim beneficial ownership of any and all shares of Common Stock that would cause any Reporting Person's
beneficial ownership to exceed the Ownership Limitation. Therefore, in accordance with the Ownership Limitation, each of the Reporting
Persons disclaims beneficial ownership of any Conversion Shares to the extent such shares would cause the Ownership Limitation
to be exceeded.
In addition, as permitted
by Rule 13d-4, the filing of this statement shall not be construed as an admission that Gemini Strategies LLC, Inc., in its capacity
as investment manager for Gemini, is the beneficial owner of the Shares or the Note or that Steven Winters, in his capacity as
president or principal of Gemini Strategies LLC, Inc., is the beneficial owner of the Shares or the Note. Each of Gemini Strategies
LLC, Inc. and Steven Winters expressly disclaims any equitable or beneficial ownership of the Shares and the Note.
By signing below the undersigned
certify that, to the best of its/his knowledge and belief, the securities referred to above were not acquired and are not held
for the purpose of or with the effect of changing or influencing control of the issuer of the securities and were not acquired
and are not held in connection with or as a participant in any transaction having that purpose or effect.
CUSIP No. 98385L102 |
13G |
Page 6 of 6 Pages |
SIGNATURE
After reasonable inquiry and to the
best of its/his knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete
and correct.
|
February 10, 2015 |
|
|
|
|
|
GEMINI MASTER FUND, LTD. |
|
|
|
|
By: |
GEMINI STRATEGIES LLC, INC., |
|
|
as investment manager |
|
|
|
|
|
|
By: |
/s/ Steven Winters |
|
|
Name: |
Steven Winters |
|
|
Title: |
President |
|
|
|
|
|
|
GEMINI STRATEGIES
LLC, INC. |
|
|
|
|
|
|
By: |
/s/ Steven Winters |
|
|
Name: |
Steven Winters |
|
|
Title: |
President |
|
|
|
|
|
|
/s/ Steven Winters |
|
|
Steven Winters |
Attention: Intentional misstatements
or omissions of fact
constitute Federal criminal violations
(see 18 U.S.C. 1001).
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