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

Date of Report (Date of earliest event reported): April 15, 2020

TARONIS TECHNOLOGIES, INC.

(Exact name of registrant as specified in its charter)

Delaware

001-35586

26-0250418

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS Employee

Identification No.)

300 W. Clarendon Avenue, Suite 230

Phoenix, AZ 85013

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (866-370-3835)

Not applicable

(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 (17 CFR 240.14d-2(b))

[ ]	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock		TRNX		The Nasdaq Stock Market, LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company [ ]

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]

Item 1.01 Entry into a Material Definitive Agreement.

Securities Settlement Agreements

On April 14, 2020, Taronis Technologies, Inc. (the “Company”) entered into a Securities Settlement Agreement (“SSA”) with the counterparty set forth on the signature page thereto (the “First Holder”). Under the terms of the SSA, the Company will issue the First Holder $50,000 of shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”) at a price of $0.13 per share (the “Offering”). The Company will not directly receive any cash proceeds from the Offering, but outstanding indebtedness of $50,000 owed to the First Holder will be satisfied in full. The SSA contains customary representations, warranties and agreements by us.

On April 14, 2020, Taronis Technologies, Inc. (the “Company”) entered into a Securities Settlement Agreement (“SSA”) with the counterparty set forth on the signature page thereto (the “Second Holder”). Under the terms of the SSA, the Company will issue the Second Holder $175,000 of shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”) at a price of $0.13 per share (the “Offering”). The Company will not directly receive any cash proceeds from the Offering, but outstanding indebtedness of $175,000 owed to the Second Holder will be satisfied in full. The SSA contains customary representations, warranties and agreements by us.

On April 14, 2020, Taronis Technologies, Inc. (the “Company”) entered into a Securities Settlement Agreement (“SSA”) with the counterparty set forth on the signature page thereto (the “Third Holder”). Under the terms of the SSA, the Company will issue the Third Holder $168,750 of shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”) at a price of $0.13 per share (the “Offering”). The Company will not directly receive any cash proceeds from the Offering, but outstanding indebtedness of $168,750 owed to the Third Holder will be satisfied in full. The SSA contains customary representations, warranties and agreements by us.

On April 14, 2020, Taronis Technologies, Inc. (the “Company”) entered into a Securities Settlement Agreement (“SSA”) with the counterparty set forth on the signature page thereto (the “Fourth Holder”). Under the terms of the SSA, the Company will issue the Fourth Holder $131,196.49 of shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”) at a price of $0.13 per share (the “Offering”). The Company will not directly receive any cash proceeds from the Offering, but outstanding indebtedness of $131,196.49 owed to the Fourth Holder will be satisfied in full. The SSA contains customary representations, warranties and agreements by us.

The issuance of the 4,038,051 shares of Common Stock, in the aggregate, at a price of $0.13 per share, is being made pursuant to a prospectus supplement, which will be filed with the Securities and Exchange Commission (the “SEC”) on or about April 15, 2020, and accompanying base prospectus relating to the Company’s shelf registration statement on Form S-3 (File No. 333-230854), which was declared effective by the SEC on April 24, 2019.

The above description of each of the SSAs does not purport to be complete and is qualified in their entirety by the full text of the “form of” SSA, which is incorporated herein and attached hereto as Exhibit 10.1.

A copy of the opinion of our Legal Counsel relating to the legality of the issuance and sale of the Common Stock in the Offering is attached as Exhibit 5.1 hereto.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.		Description

5.1		Opinion of Legal Counsel
10.1		Form of Securities Settlement Agreement
23.1		Consent of Legal Counsel (contained in Exhibit 5.1)

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.

Date: April 15, 2020

	TARONIS TECHNOLOGIES, INC.

	/s/ Scott Mahoney
	By:	Scott Mahoney
	Its:	Chief Executive Officer

TARONIS TECHNOLOGIES, INC. 8-K