Form 8-K - Current report
18 Novembre 2024 - 11:27PM
Edgar (US Regulatory)
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2024-11-12
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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): November 12, 2024
LUCID
DIAGNOSTICS INC. |
(Exact
Name of Registrant as Specified in Charter) |
Delaware |
|
001-40901 |
|
82-5488042 |
(State
or Other Jurisdiction
of
Incorporation) |
|
(Commission
File
Number) |
|
(IRS
Employer
Identification
No.) |
360
Madison Avenue, 25th Floor, New York, New York |
|
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 |
|
LUCD |
|
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 |
As
previously disclosed in a Current Report on Form 8-K filed on November 12, 2024 (the “Prior 8-K”), Lucid Diagnostics
Inc. (“Lucid”) has entered into a Securities Purchase Agreement (the “2024 SPA”) with certain accredited
investors (the “2024 Note Investors”) for the sale of Senior Secured Convertible Notes (collectively, the “2024
Convertible Notes”) of the Company.
Pursuant
to the 2024 SPA, the 2024 Note Investors (including those whose signatures were effective as of the Prior 8-K and those whose signatures
became effective after the Prior 8-K) have agreed to purchase an aggregate of $21.75 million in 2024 Convertible Notes from the Company,
as disclosed in the Company’s press release dated November 13, 2024. The information set forth in the Prior 8-K relating to the
terms of the 2024 Convertible Notes is incorporated under this item by reference.
As
previously disclosed, proceeds from the sale of the 2024 Convertible Notes will be used to redeem the Company’s Senior Convertible
Note issued pursuant to that certain Securities Purchase Agreement dated as of March 13, 2023 (the “2023 Convertible Note”)
for the redemption price specified in such note (the “Optional Redemption Price”). Pursuant to the terms of the 2023
Convertible Note, the Company has not less than ten business days from the date it provided notice of redemption (November 8, 2024),
and not more than twenty business days from such date (the “Optional Redemption Notice Period”), to pay the Optional
Redemption Price. The proceeds from the 2024 Convertible Notes are in excess of the amount necessary to pay the Optional Redemption Price.
The Company expects to complete the issuance of the 2024 Convertible Notes and the redemption of the 2023 Convertible Note on or prior
to the end of the Optional Redemption Notice Period, although there can be no assurance that such issuance and redemption will be completed
during such period, if at all.
The
offer and sale of the 2024 Convertible Notes, and the shares of the Company’s common stock issuable upon conversion of, and in
payment of dividends on, the 2024 Convertible Notes, are exempt from the registration requirements of the Securities Act of 1933, as
amended (the “Securities Act”), pursuant to Section 4(a)(2) of the Securities Act, because, among other things, the
transaction did not involve a public offering, the investors are accredited investors, the investors are taking the securities for investment
and not resale and the Company took appropriate measures to restrict the transfer of the securities.
Item
2.03. |
Creation
of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. |
The
information set forth under Item 1.01 is incorporated under this item by reference.
Item
3.02. |
Unregistered
Sales of Equity Securities. |
The
information set forth under Item 1.01 is incorporated under this item by reference.
Item
3.03. |
Material
Modification to Rights of Security Holders. |
The
information set forth under Item 1.01 is incorporated under this item by reference.
Item
9.01. |
Financial
Statements and Exhibits. |
(d)
Exhibits:
Exhibit
No. |
|
Description |
104 |
|
Cover
Page Interactive Data File (embedded within the Inline XBRL document). |
Forward-Looking
Statements
This
report contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other
than statements of historical fact, contained in this report are forward-looking statements. Forward-looking statements contained in
this report may be identified by the use of words such as “anticipate,” “believe,” “contemplate,”
“could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,”
“plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,”
“will”, “would,” or the negative of these words or other similar expressions, although not all forward-looking
statements contain these words. Forward-looking statements are based on the Company’s current expectations and are subject to inherent
uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions
as to future events that may not prove to be accurate. You should not place undue reliance on forward-looking statements because they
involve known and unknown risks, uncertainties and other factors, which are, in some cases, beyond the Company’s control and which
could materially affect results. Factors that may cause actual results to differ materially from current expectations include, among
other things, those described more fully in the section titled “Risk Factors” of the Company’s Annual Report
on Form 10-K for the year ended December 31, 2023 and the Company’s other reports filed with the Securities and Exchange Commission.
Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such
information except as required under applicable law.
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:
November 18, 2024 |
LUCID
DIAGNOSTICS INC. |
|
|
|
|
By: |
/s/
Dennis McGrath |
|
|
Dennis
McGrath |
|
|
Chief
Financial Officer |
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Grafico Azioni Lucid Diagnostics (NASDAQ:LUCD)
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Da Nov 2024 a Dic 2024
Grafico Azioni Lucid Diagnostics (NASDAQ:LUCD)
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Da Dic 2023 a Dic 2024