UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of July 2017

 

Commission File Number 001-37381

 

MEDIGUS   LTD.
(Translation of registrant’s name into English)

 

Omer Industrial Park, No. 7A, P.O. Box 3030, Omer 8496500, Israel

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F ☒      Form 40-F ☐

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):   __

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):   __

 

 

 

   

 

 

EXPLANATORY NOTE

 

On July 19, 2017, Medigus Ltd., or the Company, has entered into an exclusive distribution agreement with Admedics Advanced Medical Solutions AG, or the Agreement. Under the terms of the Agreement, Admedics Advanced Medical Solutions AG, or Admedics AG, will act as the Company’s exclusive distributor in Switzerland and Lichtenstein for a period of five years commencing as of July 1, 2017. The Agreement requires Admedics AG to purchase minimum annual quantities of the Company’s products, which are expected to amount to at least EUR 1.8 million during the term of the Agreement. Under the terms of the Agreement either party may, at its sole discretion, terminate the Agreement immediately upon the occurrence of: (i) a failure of the other party to perform a material covenant, which is not cured within the time period set forth thereto, (ii) a breach of the other party’s warranties or representations, which, if curable, is not cured within the time period set forth thereto, or (iii) the other party’s insolvency, inability to pay debts, bankruptcy or was appointed a receiver; provided, however, that such failure, breach, status or appointment, if curable, is not cured within the applicable period of time set forth thereto. In addition, the Company may terminate the Agreement immediately, in the event Admedics AG: (a) engages in a competing activity not in accordance with the terms of the Agreement, (b) does not order the minimum annual quantities set forth under the Agreement, (c) has all or a substantial portion of its assets assigned, conveyed, or sold to an entity who engages in a competing activity with the Company, or (d) otherwise does not comply with the terms of exclusivity or with its respective warranty obligations.

 

In connection with the Agreement, on July 26, 2017, the Company issued a press release titled: “Medigus Broadens Availability of MUSE™ Through Distribution Agreement With ADMEDICS AG in Switzerland and Liechtenstein.” A copy of this press release is furnished herewith as exhibit 99.1.

 

This Form 6-K is incorporated by reference into the Company’s Registration Statement on Form F-3 filed with the Commission on August 24, 2016 (Registration No. 333-213280) and its Registration Statement on Form S-8 filed with the Commission on September 9, 2015 (Registration No. 333-206803).

 

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SIGNATURE

 

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, thereunto duly authorized.

 

  MEDIGUS LTD.
     
Date: July 26, 2017  By: /s/ Oded Yatzkan
    Oded Yatzkan
    Chief Financial Officer  

 

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EXHIBIT INDEX

 

Exhibit   Description
     
99.1   Press release titled: “Medigus Broadens Availability of MUSE™ Through Distribution Agreement With ADMEDICS AG in Switzerland and Liechtenstein” dated July 26, 2017.

 

 

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