Form 8-K - Current report

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of report (Date of earliest event reported): January 25, 2024

SS INNOVATIONS INTERNATIONAL, INC.

(Exact name of registrant as specified in its charter)

Florida		333-216054		47-3478854
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(IRS Employer Identification No.)

1600 SE 15th Street, #512 Fort Lauderdale, Florida		33316
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s telephone number, including area code: (954) 478-1410

(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 (see General Instruction A.2. below):

☐	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		Name of each exchange on which registered
None		N/A		N/A

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. ☐

As used in this Current Report on Form 8-K (this “Report”), the terms “SSII,” “the Company,” “we,” “us” and “our” refer to SS Innovations International, Inc. and its subsidiaries.

Item 8.01 Other Events.

On January 25, 2024, we issued a press release announcing that SSII had entered into a partnership with India’s leading medical equipment supplier, Medikabazaar, to facilitate sales of our flagship SSi Mantra Surgical Robotic System to hospitals and medical facilities across India.

A copy of the press release is included as Exhibit 99.1 to this Report.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.		Description
99.1		Press Release, dated January 25, 2024
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

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: January 25, 2024	SS INNOVATIONS INTERNATIONAL, INC.

	By:	/s/ Sudhir Srivastava
		Sudhir Srivastava, M.D. Chairman and Chief Executive Officer

Exhibit 99.1

SS Innovations Partners with India’s Leading Medical Equipment Supplier, Medikabazaar

Collaboration to facilitate sales of the SSi Mantra Surgical Robotic System to hospitals and medical facilities across India

Fort Lauderdale, FL., January 25, 2024 - News Direct - SS Innovations International, Inc. (the “Company” or “SS Innovations”) (OTC: SSII), a developer of innovative surgical robotic technologies dedicated to making robotic surgery affordable and accessible to a global population, today announced it has entered into a partnership with India’s leading medical equipment supplier, Medikabazaar, to facilitate sales of its flagship SSi Mantra Surgical Robotic System to hospitals and medical facilities across India.

Medikabazaar is the leading medical equipment and supplies organization in India with substantial on-ground infrastructure, a strong operations team and more than 40 domestic and global fulfillment centers. Medikabazaar serves over 200,000 medical establishments and independent practitioners.

SS Innovations Founder, Chairman and Chief Executive Officer, Dr. Sudhir Srivastava, said, “It is a pleasure to announce our partnership with Medikabazaar, one of the foremost medical equipment organizations in India. Our goal is to reach as many hospital administrators and surgeons as possible with our SSi Mantra Surgical Robotic System, and we anticipate that Medikabazaar’s deep industry relationships and large marketing and sales footprint will enable us to rapidly scale up our customer outreach.

“We believe that our system is the solution to providing affordable and accessible world class care to patients in India who otherwise may not have had access to this level of advanced care.”

Mr. Milind Deshpande, Executive Vice President at Medikabazaar, said, “We are proud to be working with SS Innovations to bring India’s first indigenously designed and engineered surgical robotic device to a broader market. We believe that SS Innovations’ ability to innovate and manufacture technologically advanced clinical robotic surgery solutions combined with Medikabazaar’s high customer reach and market operations capabilities will have a substantial impact on patient care across the country.

“Medikabazaar’s endeavor is to make healthcare accessible and affordable to all. This is done through our tech-driven supply chain platform and providing integrated digital supply chain solutions to the healthcare sector. SS Innovations’ indigenous, technologically advanced surgical robotic solution aligns with our common goal of making healthcare accessible and affordable globally.”

Medikabazaar’s equipment lifecycle management business, MBARC, ensures timely service and uptime of capital-intensive medical equipment from large hospitals in metros to mid or small size hospitals in smaller towns thus ensuring customers are served throughout the territories beyond metros. The company’s financial assistance and services platform, MB Freedom, allows customers to avail easy and fast financing solutions through Medikabazaar’s financial and lending solutions.

The SSi Mantra Surgical Robotic System is the first surgical system to be made in India, and one of the only systems in the world to be distinctly cost-effective with broad-spectrum surgical applications including cardiac surgery. It has been granted regulatory approval in India and Guatemala, and is clinically validated in more than 40 different types of surgical procedures. More than 650 surgical procedures have been performed using the system to date. SS Innovations is seeking regulatory approvals in the United States and Europe, which it anticipates receiving in 2024 and 2025.

About SS Innovations International, Inc.

SS Innovations International, Inc. (OTC: SSII) is a developer of innovative surgical robotic technologies with a vision to make the benefits of robotic surgery affordable and accessible to a larger part of the global population. SSII’s product range includes its proprietary “SSi Mantra” surgical robotic system, and “SSi Mudra”, its wide range of surgical instruments capable of supporting a variety of surgical procedures including robotic cardiac surgery. SSII’s business operations are headquartered in India and SSII has plans to expand the presence of its technologically advanced, user-friendly, and cost-effective surgical robotic solutions, globally. For more information, visit SSII’s website at ssinnovations.com or LinkedIn for updates.

About Medikabazaar

Medikabazaar is India’s largest online B2B platform for medical supplies. With our online platform, last-mile delivery, AI-ML application, and other value-added services, hospitals can procure their supplies via a streamlined procurement system which helps them make up to 30% savings while delivering affordable and accessible healthcare for patients in India. To know more, Click here

About SSi Mantra

Supporting advanced, affordable, and accessible robotic surgery, the SSi Mantra Surgical Robotic System provides the capabilities for multi-specialty usage including cardiothoracic, head and neck, gynecology, urology, general surgery and more. With its modular arm configuration, 3D 4K vision open-console design and superior ergonomics, the system engages with the surgeon and surgical teams to improve safety and efficiency during procedures. The SSi Mantra system has received Indian Medical Device regulatory approval (CDSCO) and is clinically validated in India in more than 40 different types of surgical procedures. The company expects to seek regulatory approvals from the US Food and Drug Administration (FDA) and CE Mark in Europe in 2024 and 2025.

Forward-Looking Statements

This press release may contain statements that are not historical facts and are considered forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. The words “anticipate,” “assume,” “believe,” “estimate,” “expect,” “will,” “intend,” “may,” “plan,” “project,” “should,” “could,” “seek,” “designed,” “potential,” “forecast,” “target,” “objective,” “goal,” or the negatives of such terms or other similar expressions to identify such forward-looking statements. These statements relate to future events or SS Innovations International’s future financial performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

For more information:

PCG Advisory

Stephanie Prince

sprince@pcgadvisory.com

(646) 863-6341

Cover	Jan. 25, 2024
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Jan. 25, 2024
Entity File Number	333-216054
Entity Registrant Name	SS INNOVATIONS INTERNATIONAL, INC.
Entity Central Index Key	0001676163
Entity Tax Identification Number	47-3478854
Entity Incorporation, State or Country Code	FL
Entity Address, Address Line One	1600 SE 15th Street
Entity Address, Address Line Two	#512
Entity Address, City or Town	Fort Lauderdale
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	33316
City Area Code	954
Local Phone Number	478-1410
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false