Form 8-K - Current report
October 27 2023 - 4:27PM
Edgar (US Regulatory)
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2023-10-27
2023-10-27
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 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 27, 2023
Daxor
Corporation
(Exact
name of registrant as specified in its charter)
New
York |
|
811-22684 |
|
13-2682108 |
(State
or other jurisdiction |
|
(Commission |
|
(IRS
Employer |
of
incorporation) |
|
File
Number) |
|
Identification
No.) |
109
Meco Lane, Oak Ridge, TN |
|
37830 |
(Address
of principal executive offices) |
|
(Zip
Code) |
212-330-8500
Registrant’s
telephone number, including area code
(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 $0.01 par value |
|
DXR |
|
NYSE
AMERICAN |
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. ☐
Potential
persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays
a currently valid OMB control number.
Daxor
Corporation (the “Company”) is filing this Current Report on Form 8-K to provide additional information regarding
the use of proceeds from its public offering on May 22, 2023. In the offering, the Company raised net proceeds of $3,555,532 through
the issuance of 410,260 shares at $9.75 per share. More information regarding the offering is available in the Prospectus Supplement
filed with the Securities and Exchange Commission under Rule 497 of the Securities Act on May 23, 2023, and the Prospectus Supplement
is incorporated by reference herein.
The
offering documents cited next generation technology development as a potential use of proceeds, among other potential uses. In this regard,
the Company hereby announces that it has reserved $1,900,000 of the net proceeds from the May 22, 2023 public offering to support the
continued development of its next generation optical blood volume analyzer systems.
The
Company anticipates that development work will proceed over a 24 month period, and expects it will be done in conjunction with other
technology development efforts supported by the Department of Defense. The Company is excited to be moving forward its next generation
technologies.
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.
|
DAXOR
CORPORATION |
|
(Registrant) |
|
|
Date:
October 27, 2023 |
By: |
/s/
Robert J. Michel |
|
Name: |
Robert
J. Michel |
|
Title: |
Chief
Financial Officer |
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