Current Report Filing (8-k)
June 22 2015 - 12:01PM
Edgar (US Regulatory)
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): June 17, 2015
BIOHEART,
INC.
(Exact Name of Registrant as
Specified in Charter)
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Florida |
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001-33718 |
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65-0945967 |
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(State of |
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(Commission File Number) |
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(IRS Employer |
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incorporation) |
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Identification No.) |
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13794 NW 4th Street, Suite 212,
Sunrise, Florida |
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33325 |
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(Address of principal executive offices) |
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(Zip
Code) |
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Registrants telephone
number, including area code: (954) 835-1500
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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:
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Written communications pursuant to
Rule 425 under the Securities Act (17 CFR 230.425) |
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[ ] |
Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 DFR 240.14a-12)
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[ ] |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b)) |
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[ ] |
Pre-commencement
communications pursuant to Rule 13e-4 (c) under the Exchange Act (17 CFR
240.13e-4(c))
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In this Current Report on
Form 8-K, Company, our company, us, and our refer to Bioheart, Inc.,
unless the context requires otherwise.
ITEM 8.01 OTHER EVENTS.
On November 10, 2014, the
Company was served with a lawsuit by an alleged assignee and a guarantor to a
Loan Guarantee, Payment and Security Agreement. These parties claim breach of
that Agreement and damages of approximately $2.3 Million plus interest. The
assignor and assignee also sued the Companys directors and two past directors,
an affiliate shareholder and the Companys secured creditor, alleging breach of
fiduciary duty, claiming damages as alleged creditors arising out of these
parties alleged participation in Northstar Biotech Group, LLC, a secured
creditor of the Company.
In May and June of 2015,
the lawsuit was settled. As part of the settlement, the Companys debt was
reduced by $824,865.39. The Company provided a note to the original guarantor in
the amount of $1,697,762, to be paid over a five year period with a 0% interest
rate. The settlement also provides for a general release among all parties and
for the dismissal of the lawsuit.
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.
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BIOHEART, INC. |
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Date: June 22, 2015 |
By: |
/s/ Mike Tomas |
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Mike Tomas |
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Chief Executive Officer |
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