- Current report filing (8-K)
July 31 2009 - 3:08PM
Edgar (US Regulatory)
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): July 31, 2009
IVIVI TECHNOLOGIES, INC.
(Exact Name of Registrant as Specified in Charter)
New Jersey 001-33088 22-2956711
---------- --------- ----------
(State Or Other Jurisdiction Of (Commission (IRS Employer
Incorporation) File Number) Identification No.)
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135 Chestnut Ridge Road, Montvale, NJ 07645
(Address of Principal Executive Offices)(Zip Code)
(201) 476-9600
Registrant's Telephone Number
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))
ITEM 8.01. OTHER EVENTS.
Pursuant to Section 4.1(i) of the Convertible Promissory Note dated April 7,
2009 (the "Note") executed by Ivivi Technologies, Inc. (the "Company") in favor
Emigrant Capital Corp. (the "Lender"), the Company elected to extend the
Maturity Date (as defined in the Note) of the Note from July 31, 2009 until
August 30, 2009. In order to elect such option, the Company informed the Lender
that it had at least $1,000,000 in unrestricted cash and cash equivalents on
hand (as determined in accordance with GAAP) as of July 31, 2009. The Company
intends to continue its talks with its Lender as it continues to seek to raise
additional capital in order to (i) repay its outstanding obligations under the
Note of $2.5 million, plus interest, and (ii) continue its operations. In the
event the Company is unable to raise additional capital or extend the term of
the loan past the August 30, 2009 maturity date, the Company will not be able to
meet its obligations under the Note and the Lender will have the right to
foreclose on the Note and, as a result, the Company may have to cease its
operations.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Company has duly caused this Report to be signed on its behalf by the
undersigned hereunto duly authorized.
IVIVI TECHNOLOGIES, INC.
By: /s/ Alan V. Gallantar
------------------------------
Name: Alan V. Gallantar
Title: Chief Financial Officer
Date: July 31, 2009
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