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 of the Securities Exchange Act of 1934
For
the month of |
October
2023 |
|
|
Commission
File Number |
001-41460 |
Bruush
Oral Care Inc.
(Translation
of registrant’s name into English)
128
West Hastings Street, Unit 210
Vancouver,
British Columbia V6B 1G8
Canada
(844)
427-8774
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual reports under cover of Form 20-F or 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):
INFORMATION
CONTAINED IN THIS FORM 6-K REPORT
As
previously disclosed on Form 6-K filed by the Company, the Company received a letter from the Nasdaq Stock Market LLC (“Nasdaq”)
earlier this year notifying the Company that based on the Company’s stockholders’ equity as reported in the Company’s
Annual Report on Form 20-F for its fiscal year ended October 31, 2022 filed with the Securities and Exchange Commission on March 10,
2023, the Company did not meet the minimum stockholders’ equity requirement (“Minimum Stockholders’ Equity Requirement”),
or the alternatives of market value of listed securities or net income from continuing operations for continued listing on the Nasdaq
Capital Market under Nasdaq Listing Rule 5550(b)(1) (the “Rule”). On September 21, 2023, the Company attended a hearing
before the Nasdaq Hearings Panel (the “Panel”) for the Panel to consider the Company’s plan to regain compliance
with the Minimum Stockholders’ Equity Requirement. On October 2, 2023, the Company received a letter from the Nasdaq notifying
the Company that the Panel has granted an exception to the Company for continued listing on the Nasdaq, subject to the Company demonstrating
compliance with the Rule on or before December 31, 2023. The Panel reserves the right to reconsider the terms of this exception based
on any event, condition or circumstance that exists or develops that would, in the opinion of the Panel, make continued listing of the
Company’s securities on the Nasdaq inadvisable or unwarranted.
The
Company issued a press release announcing Notice from Nasdaq for Continued Listing. A copy of the press release is furnished herewith
as Exhibit 99.1 to this Report on Form 6-K.
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, thereunto duly authorized.
|
|
|
Bruush
Oral Care Inc. |
|
|
|
(Registrant) |
|
|
|
|
|
Date: |
October
5, 2023 |
|
By: |
/s/
Aneil Singh Manhas |
|
|
|
Name: |
Aneil
Singh Manhas |
|
|
|
Title: |
Chief
Executive Officer |
Exhibit
99.1
Brüush
Announces Notice from Nasdaq for Continued Listing
VANCOUVER,
BC / ACCESSWIRE / October 5, 2023 / Bruush Oral Care Inc. (NASDAQ: BRSH) (the “Company”), today
announced that it has received a notice from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”)
on October 2, 2023 that is has been granted an exception for continued listing on the Nasdaq.
As
previously disclosed, the Company received a letter from the Nasdaq earlier this year notifying the Company that based on the Company’s
stockholders’ equity as reported in the Company’s Annual Report on Form 20-F for its fiscal year ended October 31, 2022 filed
with the Securities and Exchange Commission on March 10, 2023, the Company did not meet the minimum stockholders’ equity requirement
(“Minimum Stockholders’ Equity Requirement”), or the alternatives of market value of listed securities or net income
from continuing operations for continued listing on the Nasdaq Capital Market under Nasdaq Listing Rule 5550(b)(1) (the “Rule”).
On
September 21, 2023, the Company attended a hearing before the Nasdaq Hearings Panel (the “Panel”) for the Panel to consider
the Company’s plan to regain compliance with the Minimum Stockholders’ Equity Requirement.
On
October 2, 2023, the Company received notice from the Nasdaq notifying the Company that the Panel has granted an exception to the Company
for continued listing on the Nasdaq, subject to the Company demonstrating compliance with the Rule on or before December 31, 2023. On
the same day, the Company announced a private placement for approximately $5.0 million, before deducting fees to the placement agent
and other offering expenses payable by the Company, which strengthens the Company’s balance sheet and increases its stockholders’
equity.
About
Bruush Oral Care Inc.
Bruush
Oral Care Inc. is on a mission to inspire confidence through brighter smiles and better oral health. Founded in 2018, Brüush is
an oral care company that is disrupting the space by reducing the barriers between consumers and access to premium oral care products.
The Company is an e-commerce business with a product portfolio that currently consists of a sonic-powered electric toothbrush kit and
brush head refills. Brüush has developed a product to make upgrading to an electric brush appealing with three core priorities in
mind: (i) a high-quality electric toothbrush at a more affordable price than a comparable electric toothbrush from the competition; (ii)
a sleek, countertop-friendly design; and (iii) a convenient brush head refill subscription program that eliminates the frustrating experience
of purchasing replacement brush heads at the grocery/drug store. The Company is rooted in building a brand that creates relevant experiences
and content, with the goal of becoming the go-to oral care brand for millennials and Generation Z.
For
more information on Brüush visit: https://bruush.com
Follow
Brüush on LinkedIn: Bruush
Follow
Brüush on Instagram: @bruush
Safe
Harbor Forward-Looking Statements
This
press release of Bruush Oral Care Inc. contains “forward-looking statements”. Words such as “may”, “will”,
“could”, “should”, “expects”, “anticipates”, “intends”, “plans”,
“believes”, “seeks”, “estimates” and other comparable terminology are intended to identify forward-looking
statements. For example, the Company is using forward-looking statements when it discusses its vision, its strategy, and its products.
Forward-looking statements are not historical facts, and are based upon management’s current expectations, beliefs and projections,
many of which, by their nature are inherently uncertain. Such expectations, beliefs and projections are expressed in good faith. However,
there could be no assurance that management’s expectations, beliefs and projections will be achieved, and actual results may differ
materially from what is expressed or indicated by the forward-looking statements. Forward-looking statements are subject to risks and
uncertainties that could cause actual performance or results to differ materially from those expressed in the forward-looking statements.
Forward-looking statements speak only as of the date the statements are made. The Company assumes no obligation to update forward-looking
statements to reflect actual results, subsequent events or circumstances, changes in assumptions or changes in other factors affecting
forward-looking statements except to the extent required by applicable securities laws. If the Company does update one or more forward-looking
statement, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward-looking
statements.
Investor
Relations Contact:
Colette
Eymontt
colette@tradigitalir.com
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