Current Report Filing (8-k)
May 14 2020 - 4:01PM
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): May 8, 2020
HealthLynked
Corp.
(Exact Name of Registrant as Specified in its Charter)
Nevada
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47-1634127
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(State
of Incorporation)
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(I.R.S.
Employer Identification No.)
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1726
Medical Blvd., Suite 101, Naples, Florida
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34110
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(Address
of Principal Executive Offices)
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(ZIP
Code)
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(239)
513-1992
(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:
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☐
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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☐
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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☐
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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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☐
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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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Securities
registered pursuant to Section 12(b) of the Act: None.
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). ☒
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
May 8, 2020, HealthLynked Corp. (the “Company”), and two of its wholly-owned subsidiaries, Naples Women Center (“NWC”)
and HLYK Florida LLC (“HLYK FL”), were granted loans (the “Loans”) from Wells Fargo Bank, N.A. in the
aggregate principal amount of $585,969, pursuant to the Paycheck Protection Program (the “PPP”) under Division A,
Title I of the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”), which was enacted on March 27,
2020.
The
Loans, which are in the form of promissory notes, dated May 3, 2020, issued by the Company, NWC, and HLYK FL (the “Notes”),
mature on May 3, 2022 and bear interest at a fixed rate of 1.00% per annum, payable monthly commencing on November 3, 2020. The
Notes may be prepaid at any time prior to maturity without payment of any premium. Funds from the Loans may only be used to retain
workers and maintain payroll or make mortgage payments, lease payments and utility payments. Each of the Company, NWC, and HLYK
FL intend to use the entire amount under the Loans for qualifying expenses. Under the terms of the PPP, certain amounts of the
Loans may be forgiven if they are used for qualifying expenses as described in the CARES Act.
The
foregoing description of the Notes is not complete and is qualified in its entirety by reference to the full text of the Notes,
copies of which are filed as Exhibits 99.1, 99.2, and 99.3 to this Current Report on Form 8-K and are hereby incorporated by reference.
Item
2.03. Creation of a Direct Financial Obligation or an Obligations under an Off-Balance Sheet Arrangement of a Registrant.
Reference
is made to the disclosure under Item 1.01 above which is hereby incorporated in this Item 2.03 by reference.
Item
8.01. Financial Statements and Exhibits.
On
May 12, 2020, the Company released a press release regarding the PPP Loans. A copy of the press release is attached to this Current
Report on Form 8-K as Exhibit 99.4.
Item
9.01. Financial Statements and Exhibits.
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 hereunto duly authorized.
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HEALTHLYNKED
CORP.
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Dated:
May 14, 2020
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/s/
George O’Leary
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George
O’Leary
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Chief
Financial Officer
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2
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