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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 12, 2021

 

ALR TECHNOLOGIES INC.

(Exact Name of Registrant as Specified in Charter)

 

Nevada   000-30414   88-0225807
(State or Other Jurisdiction
of Incorporation)
  (Commission
File Number)
  (IRS Employer
Identification No.)

 

7400 Beaufont Springs Drive, Suite 300, Richmond, Virginia 23225

(Address of Principal Executive Offices) (Zip Code)

 

(804) 554-3500

Registrant’s telephone number, including area code

 

 

 

(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))

 

 

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common Shares   ALRT   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).

 

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 8.01 OTHER ITEMS

Extension of Rights Offering

As previously announced, on January 29, 2021 pursuant to our Registration Statement on Form S-1, as amended (Registration No. 333-249835) and Prospectus dated December 4, 2020, ALR Technologies Inc. (“we”, “us”, “our”, and the “Company”) has completed the closing of our rights offering (the “Rights Offering”) of non-transferable subscription rights to purchase shares of our common stock, $0.001 par value, at the exercise price of $0.05 per share. On January 29, 2021 the Company issued a total of 14,496,635 free-trading shares pursuant to the exercise of registered subscription rights for gross proceeds of $724,831.75.

 

Pursuant to the Prospectus, the Company had ninety days from the close of the Rights Offering (subject to extension) to place the remaining subscription rights to purchase up to 113,025,592 at a price of $0.05 per share for an aggregate subscription amount of $5,651,280. The Company has elected to extend the initial 90 day period by an additional 100 day period from the closing of the Rights Offering. Subsequent to the extension the Rights Offering will expire on July 31, 2021.

 

 

 

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.

 

Dated: April 12, 2021

 

ALR TECHNOLOGIES INC.

 

/s/ Sidney Chan  
Sidney Chan  

Chief Executive Officer and

Chairman of the Board of Directors

 

 

 

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