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2025-08-13
2025-08-13
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xbrli:shares
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): August 13, 2025
BioSig
Technologies, Inc.
(Exact
name of Registrant as Specified in its Charter)
Delaware |
|
001-38659 |
|
26-4333375 |
(State
or other Jurisdiction
of
Incorporation) |
|
(Commission
File
Number) |
|
(IRS
Employer
Identification
No.) |
12424
Wilshire Blvd, Suite 745
Los Angeles, California 90025
(Address
of Principal Executive Offices) (Zip Code)
(203)
409-5444
(Registrant’s
Telephone Number, Including Area Code)
N/A
(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:
☐ |
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, par value $0.001 per share |
|
BSGM |
|
The
Nasdaq Capital Market |
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.
On
August 13, 2025, BioSig Technologies, Inc. (the “Company”) entered into an Underwriting Agreement (the “Underwriting
Agreement”) with Clear Street LLC and Needham & Company, LLC (collectively, the “Underwriters”), pursuant to which
the Company agreed to sell and issue to the Underwriters an aggregate of 3,852,149 shares (the “Shares”) of the Company’s
common stock, par value $0.001 per share (the “Common Stock”) in a public offering (the “Offering”). The price
to the public in the Offering was $3.90 per Share.
The
Offering closed on August 15, 2025. The Offering was made pursuant to an effective registration statement on Form S-3 (File No. 333-276298)
(the “Registration Statement”) previously filed with the Securities and Exchange Commission (the “Commission”)
on December 28, 2023, as amended on January 5, 2024 and December 9, 2024, and declared effective by the Commission on December 17, 2024,
as supplemented by the preliminary prospectus supplement, filed with the Commission on August 13, 2025, and a final prospectus supplement,
filed with the Commission on August [14], 2025.
The
aggregate gross proceeds to the Company from the Offering are expected to be approximately 15.02 million, before deducting underwriting
discounts and commissions and other estimated offering expenses payable by the Company. The Company intends to use the net proceeds from
the Offering to purchase gold bullion in accordance with the Company’s investment policy, for working capital and for general corporate
purposes.
The
Underwriting Agreement contains customary representations, warranties and agreements by the Company (including a lock-up agreement, pursuant
to which, subject to specified exceptions, the Company has agreed not to offer or transfer shares of Common Stock during the 90 day period
following the date of the Underwriting Agreement), customary conditions to closing, indemnification obligations of the Company and the
Underwriters, including for liabilities under the Securities Act of 1933, as amended (the “Securities Act”) and termination
provisions. In connection with the Offering, the Company’s officers, directors and certain stockholders have also entered into
lock-up agreements, pursuant to which, subject to specified exceptions, they have agreed not to offer or transfer their shares of Common
Stock during the 90 day period following the date of the Underwriting Agreement.
The
foregoing descriptions of the material terms of the Offering, the Shares, and the Underwriting Agreement do not purport to be complete
and are qualified in their entirety by reference to the Underwriting Agreement, which is filed as Exhibit 1.1 to this Current Report
on Form 8-K and is incorporated herein by reference.
Sichenzia
Ross Ference Carmel, LLP, securities counsel to the Company, delivered an opinion as to the validity of the Shares, a copy of which is
filed as Exhibit 5.1 to this Form 8-K and is incorporated herein by reference.
Item
8.01. Other Events.
On
August 13, 2025, the Company issued a press release announcing the Offering. A copy of the press release is attached as Exhibit 99.1
to this Current Report on Form 8-K and incorporated herein by reference.
On
August 13, 2025, the Company also issued a press release announcing the pricing of the Offering. A copy of the press release is attached
as Exhibit 99.2 to this Current Report on Form 8-K and incorporated herein by reference.
On
August 15, 2025, the Company issued a press release announcing the closing of the Offering. A copy of the press release is attached as
Exhibit 99.3 to this Current Report on Form 8-K and incorporated herein by reference.
Item 9.01 |
Financial
Statements and Exhibits. |
(d)
Exhibits. The following exhibits are filed with this Form 8-K:
Exhibit
No. |
|
Description |
|
|
|
1.1†+ |
|
Underwriting Agreement, dated as of August 13, 2025, by and among the Company, Clear Street LLC and Needham & Company. |
|
|
|
5.1 |
|
Opinion of Sichenzia Ross Ference Carmel LLP. |
|
|
|
23.1 |
|
Opinion of Sichenzia Ross Ference Carmel LLP (included in Exhibit 5.1). |
|
|
|
99.1 |
|
Press Release, dated August 13, 2025. |
|
|
|
99.2 |
|
Press Release, dated August 13, 2025. |
|
|
|
99.3 |
|
Press Release, dated August 15, 2025. |
|
|
|
104 |
|
Cover
Page Interactive Data File (embedded within the Inline XBRL document) |
+ |
Certain
schedules, exhibits and similar attachments have been omitted pursuant to Item 601(a)(5) of Regulation S-K. The Company will provide
a copy of such omitted materials to the Securities and Exchange Commission or its staff upon request. |
† |
Certain
personally identifiable information has been omitted from this exhibit pursuant to Item 601(a)(6) of Regulation S-K. |
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
|
BIOSIG
TECHNOLOGIES, INC. |
|
|
Date:
August 15, 2025 |
By: |
/s/
Karl Henry McPhie |
|
Name: |
Karl
Henry McPhie |
|
Title: |
Chief
Executive Officer |