Form 8-K - Current report
December 22 2023 - 4:30PM
Edgar (US Regulatory)
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0001530766
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2023-12-19
2023-12-19
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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): December 19, 2023
BioSig
Technologies, Inc.
(Exact
name of registrant as specified in its charter)
Delaware |
|
001-38659 |
|
26-4333375 |
(State
or other jurisdiction |
|
(Commission |
|
(IRS
Employer |
of
incorporation) |
|
File
Number) |
|
Identification
No.) |
55
Greens Farms Road, 1st Floor
Westport,
Connecticut |
|
06880 |
(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 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
3.01 |
Notice
of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. |
On
December 19, 2023, BioSig Technologies, Inc. (the “Company”) received a letter from the Listing Qualifications Department
of the Nasdaq Stock Market (“Nasdaq”) indicating that, based upon the Company’s Market Value of Listed Securities (“MVLS”)
for the 30 consecutive business days from November 6, 2023, to December 18, 2023, the Company did not meet the minimum MVLS of $35,000,000
required for continued listing on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(b)(2). The letter also indicated that
the Company will be provided with a compliance period of 180 calendar days, or until June 17, 2024 (the “Compliance Period”),
in which to regain compliance pursuant to Nasdaq Listing Rule 5810(c)(3)(C).
In
order to regain compliance with Nasdaq’s minimum MVLS requirement, the Company’s MVLS must close at $35,000,000 or more for
a minimum of ten consecutive business days during the Compliance Period. If the Company does not regain compliance with the minimum MVLS
requirement, Nasdaq will provide notice that the Company’s common stock will be subject to delisting. In such event, Nasdaq rules
permit the Company to appeal any delisting determination to a Nasdaq Hearings Panel.
The
letter has no immediate impact on the listing of the Company’s common stock, which will continue to be listed and traded on The
Nasdaq Capital Market, subject to the Company’s compliance with the other listing requirements of The Nasdaq Capital Market.
As
previously disclosed, on September 6, 2023, the Company received a letter from Nasdaq indicating that, based upon the closing bid price
of the Company’s common stock for the 30 consecutive business days from July 25, 2023, to September 5, 2023, the Company
did not meet the minimum bid price of $1.00 per share required for continued listing on The Nasdaq Capital Market pursuant to Nasdaq
Listing Rule 5550(a)(2), and the Company has not regained compliance with the minimum bid price requirement. The Company was provided
with a compliance period of 180 calendar days, or until March 4, 2024 (the “Bid Price Compliance Period”), in which to regain
compliance pursuant to Nasdaq Listing Rule 5810(c)(3)(A). In the event the Company does not regain compliance by the end of the Bid Price
Compliance Period, the Company will not be eligible for any additional time to regain compliance if it has not regained compliance with
the minimum MVLS requirement. Nasdaq may allow additional time to regain compliance with the minimum bid price requirement if a listed
company meets the continued listing requirement for MVLS and all other initial listing standards, with the exception of the minimum bid
price requirement, and the Company currently does not meet the continued listing requirement for MVLS.
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:
December 22, 2023 |
By:
|
/s/
Kenneth L. Londoner |
|
Name: |
Kenneth L. Londoner |
|
Title: |
Executive
Chairman |
v3.23.4
Cover
|
Dec. 19, 2023 |
Cover [Abstract] |
|
Document Type |
8-K
|
Amendment Flag |
false
|
Document Period End Date |
Dec. 19, 2023
|
Entity File Number |
001-38659
|
Entity Registrant Name |
BioSig
Technologies, Inc.
|
Entity Central Index Key |
0001530766
|
Entity Tax Identification Number |
26-4333375
|
Entity Incorporation, State or Country Code |
DE
|
Entity Address, Address Line One |
55
Greens Farms Road
|
Entity Address, Address Line Two |
1st Floor
|
Entity Address, City or Town |
Westport
|
Entity Address, State or Province |
CT
|
Entity Address, Postal Zip Code |
06880
|
City Area Code |
(203)
|
Local Phone Number |
409-5444
|
Written Communications |
false
|
Soliciting Material |
false
|
Pre-commencement Tender Offer |
false
|
Pre-commencement Issuer Tender Offer |
false
|
Title of 12(b) Security |
Common
Stock, par value $0.001 per share
|
Trading Symbol |
BSGM
|
Security Exchange Name |
NASDAQ
|
Entity Emerging Growth Company |
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