Quarterly report pursuant to Section 13 or 15(d)

STOCKHOLDER EQUITY

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STOCKHOLDER EQUITY
3 Months Ended
Mar. 31, 2022
Stockholders' Equity Note [Abstract]  
Stockholders' Equity Note Disclosure [Text Block]

NOTE 7 STOCKHOLDER EQUITY

 

Preferred stock

 

The Company is authorized to issue 1,000,000 shares of $0.001 par value preferred stock. As of March 31, 2022 and December 31, 2021, the Company has designated 200 shares of Series A preferred stock, 600 shares of Series B preferred stock, 4,200 shares of Series C Preferred Stock, 1,400 shares of Series D Preferred Stock, 1,000 shares of Series E Preferred Stock and 200,000 shares of Series F Preferred Stock. As of March 31, 2022 and December 31, 2021, there were no outstanding shares of Series A, Series B, Series D, Series E and Series F preferred stock.

 

Common stock

 

BioSig Technologies, Inc.

 

The Company is authorized to issue 200,000,000 shares of $0.001 par value common stock. As of March 31, 2022 and December 31, 2021, the Company had 39,559,059 and 35,567,180 shares issued and outstanding, respectively.

 

During the three months ended March 31, 2022, the Company issued 1,312,500 shares of common stock for services at a fair value of $1,601,275.

 

During the three months ended March 31, 2022, the Company issued an aggregate of 66,249 shares of its common stock for vested restricted stock units.

 

Sale of common stock

 

On March 21, 2022, the Company entered into a securities purchase agreement with several institutional and accredited investors, pursuant to which the Company sold in a registered direct offering an aggregate of 2,613,130 shares of the Company’s common stock, at an offering price of $1.15 per share and warrants to purchase up to 2,613,130 shares of common stock at an exercise price of $1.40 per share, that are exercisable six months after the date of issuance and will expire three and one-half years following the date of issuance, for gross proceeds of approximately $3.0 million, net of expenses of approximately $3,000.