Form 8-K - Current report
October 18 2023 - 8:18AM
Edgar (US Regulatory)
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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): October 17, 2023
PAVMED
INC. |
(Exact
Name of Registrant as Specified in Charter) |
Delaware |
|
001-37685 |
|
47-1214177 |
(State
or Other Jurisdiction
of
Incorporation) |
|
(Commission
File
Number) |
|
(IRS
Employer
Identification
No.) |
360
Madison Avenue, 25th Floor |
|
10017 |
(Address
of Principal Executive Offices) |
|
(Zip
Code) |
Registrant’s
telephone number, including area code: (917) 813-1828
N/A |
(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(s) |
|
Name
of each exchange on which registered |
Common
Stock, Par Value $0.001 Per Share |
|
PAVM |
|
The
Nasdaq Stock Market LLC |
Series
Z Warrants to Purchase Common Stock |
|
PAVMZ |
|
The
Nasdaq Stock Market LLC |
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.
Effective
as of October 17,
2023, Lucid Diagnostics Inc. (the “Lucid Diagnostics”), a majority owned
subsidiary of PAVmed Inc. (the “Company”), entered into subscription
agreements (each, a “Subscription Agreement”) with certain accredited
investors for the sale of 5,000 shares of newly designated Series A-1 Convertible Preferred Stock, par value $0.001 per share (the
“Series A-1 Preferred Stock”), at a purchase price of $1,000 per share,
for aggregate gross proceeds to Lucid of $5.0 million, in a private placement (the “Preferred
Offering”). The closing of the sale occurred on October 18, 2023. In
connection with the sale, on the day of the closing (the “Effective
Date”), Lucid filed a Certificate of Designation of Preferences, Rights and Limitations of the Series A-1 Preferred
Stock with the Secretary of State of the State of Delaware (the “Certificate of
Designation”). The Certificate of Designation, the Subscription Agreements and the Preferred Offering, including the
related Registration Rights Agreement (the “Registration Rights
Agreement”), are described in more detail in the Current Report on Form 8-K filed by Lucid on October 18,
2023 (the “Preferred Offering 8-K”), and such description is
incorporated herein by reference.
Item
3.03. Material Modification to Rights of Security Holders.
The
information included in Item 3.02 of the Preferred Offering 8-K is incorporated by reference into this Item 3.03 of this Current Report
to the extent required.
Item
9.01. Financial Statements and Exhibits.
(d)
Exhibits:
(1)
Incorporated by reference to Exhibit 10.1 of the Preferred Offering 8-K.
SIGNATURE
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:
October 18, 2023 |
PAVMED
INC. |
|
|
|
|
By:
|
/s/
Dennis McGrath |
|
|
Dennis
McGrath |
|
|
President
and Chief Financial Officer |
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