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 23, 2008
SKYE
INTERNATIONAL, INC.
(Exact
name of registrant as specified in its charter)
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Nevada
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000-27549
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88-0362112
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(State
or other jurisdiction of incorporation)
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(Commission
File Number)
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(IRS
Employer Identification No.)
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7701
E. Gray Rd., Suite 4 Scottsdale AZ 85260
(Address
of principal executive offices) (Zip Code)
Registrant’s
telephone number, including area code (480) 993-2300
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):
o Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
1
ITEM
3.02 UNREGISTERED
SALES OF EQUITY SECURITIES
On April
23, 2008, the Registrant increased its issued and outstanding shares by 10.14%
by way of the issuance of 4,313,600 shares of common stock in exchange for cash
of $320,000 and a conversion of debt in the amount of $25,088 representing $0.08
per common share.
After
giving effect to the issuance of such 4,313,600 common shares, the Registrant
now has 46,853,397 outstanding common shares as of the date of this
Report.
The
Registrant believes that the issuance of the common shares is exempt from the
registration and prospectus delivery requirement of the Securities Act of 1933
by virtue of Section 4(2). The shares were issued directly by the Registrant and
did not involve a public offering or general solicitation. The recipients of the
shares were afforded an opportunity for effective access to files and records of
the Registrant that contained the relevant information needed to make an
investment decision, including the Registrant’s financial statements and reports
filed under the Securities Exchange Act of 1934. The Registrant reasonably
believes that the recipients had such knowledge and experience in its financial
and business matters and that each was capable of evaluating the merits and
risks of making such an investment. Each non-related party recipient had the
opportunity to speak with the Registrant’s management on several occasions prior
to making an investment decision.
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.
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SKYE
INTERNATIONAL, INC
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Date: April
24, 2008
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By:
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/s/ Thaddeus (Ted) F.
Marek
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Name: Thaddeus
(Ted) F. Marek
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Title: Secretary
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