UNITED STATES
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FORM
CURRENT REPORT
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Item 8.01 Other Events.
On October 18, 2024, BioSig Technologies, Inc. (the “Company”) was notified by The Nasdaq Stock Market LLC (“Nasdaq”) that the Nasdaq Listing and Hearing Review Council (the “Listing Council”) had granted the Company an exception through March 7, 2025, to evidence compliance with Nasdaq Listing Rule 5550(b), namely either the $35 million in market value of listed securities requirement or the alternative requirement of $2.5 million in stockholders’ equity (the “Equity Rule”) for continued listing on The Nasdaq Capital Market.
As previously disclosed via Current Reports on Form 8-K filed by the Company on March 3, 2025 and March 5, 2025, the Company sold an aggregate of 5,172,321 shares for an aggregate consideration of $4,847,497 from January 17, 2025 until March 5, 2025, through the Company’s At the Market Offering Agreement with H.C. Wainwright & Co., LLC and a Securities Purchase Agreement with certain accredited investors. The Company also entered into an Equity Subscription Agreement with Lind Global Fund III, LP (the “Investor”), pursuant to which the Company has the right, but not the obligation, to sell to the Investor from time to time up to $5.0 million of the Company’s common stock, $0.001 par value per share, during the next 36 months.
As a result of the above-referenced transactions, the Company believes it has stockholders’ equity of at least $2.5 million as of the date of this filing. The Company awaits Nasdaq’s formal confirmation that it has evidenced compliance with the Equity Rule. Furthermore, if deemed compliant, Nasdaq will continue to monitor the Company to ensure its ongoing compliance with the Equity Rule and, if at the time of its next periodic report the Company does not evidence compliance with the Equity Rule, the Company may be subject to delisting from Nasdaq.
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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: March 6, 2025 | By: | /s/ Anthony Amato |
| Name: | Anthony Amato | |
| Title: | Chief Executive Officer | |
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