Form 8-K - Current report
April 16 2024 - 5:17PM
Edgar (US Regulatory)
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0001642159
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2024-04-16
2024-04-16
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 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 16, 2024 (April 9, 2024)
SIGYN
THERAPEUTICS, INC.
(Exact
Name of Registrant as Specified in Its Charter)
Delaware |
|
333-204486 |
|
47-2573116 |
(State
or other jurisdiction
of
incorporation) |
|
(Commission
File
Number) |
|
(IRS
Employer
Identification
No.) |
2468
Historic Decatur Road |
|
|
Suite
140 |
|
|
San
Diego, California |
|
92106 |
(Address
of principal executive offices) |
|
(Zip
Code) |
Registrant’s
telephone number, including area code: 619.368.2000
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 |
|
Name
of each exchange on which registered |
None |
|
None |
|
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
1.01 Entry into a Material Definitive Agreement.
From
May 10, 2022 to September 9, 2022, Sigyn Therapeutics, Inc. (the “Company”) issued Original Issue Discount Convertible Debentures
(the “Debentures”) in an aggregate principal amount of $220,420 to Brio Capital Master Fund Ltd. (“Brio”). On
April 9, 2024, Brio converted such Debentures into 292.4 shares of its Series B Convertible Preferred Stock (the “Series B Preferred
Stock”).
From
June 23, 2020 to June 1, 2022, the Company issued an aggregate principal amount of $621,000 to Osher Capital Partners, LLC (“Osher”).
On April 10, 2024, Osher converted such Debentures into 823.86 shares of its Series B Preferred Stock.
Each
share of Series B Preferred Stock converts into 125.63 shares of the Company’s common stock, subject to antidilution adjustments
for any stock splits and recapitalizations, and for issuances of additional shares at an issue price of less than the conversion ratio.
Brio
and Osher agreed to amend an additional $110,000 and $275,000, respectively, of Debentures to extend the maturity dates of such Debentures
to March 31, 2025 in return for an increase in principal amount of such Debentures to $125,000 and $316,350, respectively, and provide
for the automatic conversion of a total of $1,856,566 aggregate principal amount of Debentures held by them into additional shares of
the Series B Preferred Stock which are convertible into the same number of shares of common stock as previously provided in the terms
of the Debentures upon the listing of the common stock on NASDAQ.
SIGNATURES
Pursuant
to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
|
SIGYN
THERAPEUTICS, INC. |
|
|
|
Date:
April 16, 2024 |
By: |
/s/
James A. Joyce |
|
|
James
A. Joyce, Chairman and CEO |
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