As filed with the U.S. Securities and Exchange Commission on May 31, 2019December 28, 2023

Registration No. 333-



UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington,WASHINGTON, D.C. 20549


FORM S-3

 

FORM S-3

REGISTRATION STATEMENT

UNDER

THE SECURITIES ACT OF 1933

 


 

BIOSIG TECHNOLOGIES, INC.BioSig Technologies, Inc.

(Exact name of registrant as specified in its charter)

 

Delaware

 

26-4333375

(State or other jurisdiction of

incorporation or organization)

 

(I.R.S. Employer

Identification Number)

 

12424 Wilshire Blvd., Suite 74555 Greens Farms Road, 1st Floor

Los Angeles, CA 90025Westport, CT 06880

(310) 620-9320(203) 409-5444

(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices)

 

Kenneth Londoner

Chief Executive Officer

12424 Wilshire Blvd., Suite 745BioSig Technologies, Inc.

Los Angeles, CA 9002555 Greens Farms Road, 1st Floor

(310) 620-9320Westport, CT 06880

(203) 409-5444

(Name, address, including zip code, and telephone number, including area code, of agent for service)

 

Copies of all communications, including communications sent to agent for service, should be sent to:

 

Rick A. Werner, Esq.

Jayun Koo, Esq.

Haynes and Boone, LLP

30 Rockefeller Plaza, 26th Floor

New York, New York 10112

Tel. (212) 659-7300

Fax (212) 884-8234

 


 

 

Approximate date of commencement of proposed sale to the public:public As soon as practicable: From time to time after the effective date of this Registration Statement.

 

If the only securities being registered on this formForm are being offered pursuant to dividend or interest reinvestment plans, please check the following box.box:

 

If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, other than securities offered only in connection with dividend or interest reinvestment plans, check the following box.box:

 

If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

 

If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

 

If this Form is a registration statement filed pursuant to General Instruction I.D. or a post-effective amendment thereto that shall become effective upon filing with the Commission pursuant to Rule 462(e) under the Securities Act, check the following box. ☐

 

If this Form is a post-effective amendment to a registration statement filed pursuant to General Instruction I.D. filed to register additional securities or additional classes of securities pursuant to Rule 413(b) under the Securities Act, check the following box. ☐

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b–212b-2 of the Exchange Act.

(Check one):

 

Large accelerated filer  ☐

Accelerated filer

Non-accelerated filer  ☒

Smaller reporting company

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 7(a)(2)(B) of the Securities Act. ☐

 

Calculation of Registration Fee

Title of Each Class of Securities to be Registered

 

Amount to be

Registered(1)(2)

  

Proposed

Maximum Offering

Price per Share

  

Proposed

Maximum Aggregate

Offering Price

  

Amount of

Registration Fee

 

Common Stock, $0.001 par value per share

  2,155,127  $6.83(3) $14,719,517  $1,784.01 

Common Stock underlying Warrants

  257,000  $6.83(3) $1,755,310  $212.74 
Total  2,412,127   N/A  $16,474,827  $1,996.75 

(1)

Pursuant to Rule 416 under the Securities Act of 1933, as amended (the “Securities Act”), the shares of common stock offered hereby also include an indeterminate number of additional shares of common stock as may from time to time become issuable by reason of stock splits, stock dividends, recapitalizations or other similar transactions. 

(2)

This Registration Statement registers shares of our common stock issued in March 2019, warrants issued in March 2017, and warrants issued in February 2018.

(3)

Estimated solely for purposes of calculating the registration fee pursuant to Rule 457(c) under the Securities Act based upon the average of the high and low sales price of the common stock on May 24, 2019.


 

 

The information in this prospectus is not complete and may be changed. The selling stockholders named in this prospectus We may not sell these securities until the registration statement filed with the Securities and Exchange Commission is effective. This prospectus is not an offer to sell these securities and it is not soliciting an offer to buy these securities in any state where the offer or sale is not permitted.

 

SUBJECT TO COMPLETION, DATED MAY 31, 2019DECEMBER 28, 2023

 

PRELIMINARY PROSPECTUS

Prospectus

 

Up to 2,155,127 Shares of Common Stock and 257,000 Shares of Common Stock Underlying Warrants

 

$75,000,000

This prospectus relates to the resale by the selling stockholdersCommon Stock

Preferred Stock

Warrants

Units

We may offer and sell from time to time, in one or more series or issuances and on terms that we will determine at the time of (i)the offering, any combination of the securities described in this prospectus, up to 2,155,127 sharesan aggregate amount of common stock$75,000,000.

We will provide specific terms of any offering in a supplement to this prospectus. Any prospectus supplement may also add, update, or change information contained in this prospectus. You should carefully read this prospectus and (ii) upthe applicable prospectus supplement as well as the documents incorporated or deemed to 257,000 sharesbe incorporated by reference in this prospectus before you purchase any of common stock underlying warrants.the securities offered hereby.

These securities may be offered and sold in the same offering or in separate offerings; to or through underwriters, dealers, and agents; or directly to purchasers. The names of any underwriters, dealers, or agents involved in the sale of our securities, their compensation and any over-allotment options held by them will be described in the applicable prospectus supplement. See “Plan of Distribution.”

 

Our common stock is listed on theThe Nasdaq Capital Market (“Nasdaq”) under the symbol “BSGM.” On May 30, 2019,December 27, 2023, the last reported sale price of our shares of common stock was $0.4883 per share as reported on The Nasdaq was $7.02 per share. 

Capital Market. We recommend that you obtain current market quotations for our common stock prior to making an investment decision. We will not receiveprovide information in any applicable prospectus supplement regarding any listing of the proceeds from the sale of common stock by the selling stockholders. The selling stockholders named in this prospectus, or their donees, pledgees, transferees orsecurities other successors-in-interest, may offer or resell the shares from time to time through public or private transactions at prevailing market prices, at prices related to prevailing market prices or at privately negotiated prices. The selling stockholders will bear all commissions and discounts, if any, attributable to the sale of shares. However, we will receive proceeds from the exercise of the warrants if the warrants are exercised for cash. We intend to use those proceeds, if any, for general corporate purposes. All expenses of registration incurred in connection with this offering are being borne by us, but all selling and other expenses incurred by the selling stockholders will be borne by the selling stockholders.

Effective as of 5:00 pm Eastern Time on September 10, 2018, we filed an amendment to our Amended and Restated Certificate of Incorporation to effect a reverse stock split of the issued and outstandingthan shares of our common stock at a ratio of one share for 2.5 shares. All share and per share prices inon any securities exchange.

You should carefully read this prospectus, have been adjustedany prospectus supplement relating to reflect the reverse stock split.any specific offering of securities, and all information incorporated by reference herein and therein.

 

We qualify as an “emerging growth company” as defined in the Jumpstart our Business Startups Act of 2012, or JOBS Act, and have elected to comply with certain reduced public company reporting requirements in this and future filings.

Investing in our common stock is highly speculative andsecurities involves a high degree of risk. You should carefully consider theThese risks and uncertaintiesare discussed in the section entitledthis prospectus under “Risk Factors” beginning on page 4 of5 and in the documents incorporated by reference in this prospectus before making a decision to purchase our stock.prospectus.

 

We may amend or supplement this prospectus from time to time by filing amendments or supplements as required. You should read the entire prospectus and any amendments or supplements carefully before you make your investment decision.

Neither the Securities and Exchange Commission (the “SEC”) nor any state securities commission has approved or disapproved of these securities or passed upon the adequacy or accuracy of this prospectus. Any representation to the contrary is a criminal offense.

 

The date of this prospectus is                   , 2019

.

 


 

TABLE OF CONTENTS

 

Page

PROSPECTUS SUMMARYAbout This Prospectus

1

ii

RISK FACTORSCautionary Statement Regarding Forward-Looking Statements

4

1

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTSProspectus Summary

4

2

USE OF PROCEEDSRisk Factors

5

SELLING STOCKHOLDERSUse of Proceeds

5

6

LEGAL MATTERSDescription of Capital Stock

12

7

EXPERTSDescription of Warrants

12

10

WHERE YOU CAN FIND MORE INFORMATIONDescription of Units

13

12

INCORPORATION OF CERTAIN INFORMATION BY REFERENCEPlan of Distribution

13

PART II – INFORMATION NOT REQUIRED IN PROSPECTUSLegal Matters

II-1

15
Experts15
Where You Can Find More Information15
Incorporation of Documents by Reference15

 

i

 

ABOUT THIS PROSPECTUS

 

This prospectus is part of a registration statement on Form S-3 that we have filed with the Securities and Exchange Commission pursuant to which the selling stockholders named hereinSEC using a “shelf” registration process. Under this shelf process, we may, from time to time, offer and sell or otherwise disposeany combination of the sharessecurities described in this prospectus in one or more offerings up to a total amount of our common stock covered by this prospectus. You should not assume$75,000,000.

This prospectus provides you with a general description of the securities we may offer. Each time we sell securities, we will provide a prospectus supplement that will contain specific information about the terms of that offering. The prospectus supplement may also add to, update or change information contained in the prospectus and, accordingly, to the extent inconsistent, information in this prospectus is accurate on any date subsequent to the date set forth on the front cover of this prospectus or that any information we have incorporatedsuperseded by reference is correct on any date subsequent to the date of the document incorporated by reference, even though this prospectus is delivered or shares of common stock are sold or otherwise disposed of on a later date. It is important for you to read and consider all information contained in this prospectus, including the documents incorporated by reference therein, in making your investment decision. You should also read and consider the information in the documentsprospectus supplement.

The prospectus supplement to which we have referred you under “Where be attached to the front of this prospectus may describe, as applicable: the terms of the securities offered; the public offering price; the price paid for the securities; net proceeds; and the other specific terms related to the offering of the securities.

You Can Find More Information” and “Incorporation of Certain Informationshould only rely on the information contained or incorporated by Reference”reference in this prospectus.

We have not,prospectus and the selling stockholders have not,any prospectus supplement or issuer free writing prospectus relating to a particular offering. No person has been authorized anyone to give any information or to make any representation to yourepresentations in connection with this offering other than those contained or incorporated by reference in this prospectus. If anyone provides youprospectus, any accompanying prospectus supplement and any related issuer free writing prospectus in connection with differentthe offering described herein and therein, and, if given or additionalmade, such information you shouldor representations must not rely on it. Thisbe relied upon as having been authorized by us. Neither this prospectus is notnor any prospectus supplement nor any related issuer free writing prospectus shall constitute an offer to sell nor are the selling stockholders seekingor a solicitation of an offer to buy the shares offered by this prospectus in any jurisdiction where the offer or sale is not permitted. No offers or sales of any of the shares of common stock are to be madesecurities in any jurisdiction in which it is unlawful for such person to make such an offeroffering or sale is not permitted. Persons who come into possession of thissolicitation. This prospectus in jurisdictions outside the United States are required to inform themselves about, and to observe, any restrictions as to the offering and the distribution of this prospectus applicable to those jurisdictions.

PROSPECTUS SUMMARY

This summary highlights information contained elsewhere in this prospectus or incorporated by reference in this prospectus. This summary provides an overview of selected information and does not contain all of the information included in the registration statement. For a more complete understanding of the offering of the securities, you should consider before investing in our securities. refer to the registration statement, including its exhibits.

You should carefully read the entire prospectus and any prospectus supplement and any related issuer free writing prospectus, as well as the informationdocuments incorporated by reference and the registration statement of whichinto this prospectus is a part in their entiretyor any prospectus supplement or any related issuer free writing prospectus, before investing in our securities, includingmaking an investment decision. Neither the delivery of this prospectus or any prospectus supplement or any issuer free writing prospectus nor any sale made hereunder shall under any circumstances imply that the information discussed under “Risk Factors”contained or incorporated by reference herein or in any prospectus supplement or issuer free writing prospectus is correct as of any date subsequent to the date hereof or of such prospectus supplement or issuer free writing prospectus, as applicable. You should assume that the information appearing in this prospectus, any prospectus supplement or any document incorporated by reference is accurate only as of the date of the applicable documents, regardless of the time of delivery of this prospectus or any sale of securities. Our business, financial condition, results of operations and prospects may have changed since that date.

All references in this prospectus to “BioSig,” the “Company,” “we,” “us,” “our,” or similar terms refer to BioSig Technologies, Inc. and its subsidiaries taken as a whole, except where the context otherwise requires or as otherwise indicated.

ii

CAUTIONARY STATEMENT REGARDING FORWARD LOOKING STATEMENTS

This prospectus and the documents incorporated by reference and our financialherein contain forward-looking statements and related notes that are incorporated by reference in this prospectus, before making an investment decision. In this prospectus, unlesswithin the context requires otherwise, all references to “we,” “our,” “us” and the “Company” refer to BioSig Technologies, Inc.

Our Company

We are a development stage medical device company that is developing a proprietary biomedical signal processing technology platform to extract information from physiologic signals. Our initial emphasis is on providing intracardiac signal information to electrophysiologists during electrophysiology (“EP”) studies and cardiac catheter ablationmeaning of atrial fibrillation (“AF”) and ventricular tachycardia (“VT”). Cardiac catheter ablation is a procedure that involves delivery of energy through the tip of a catheter that scars or destroys heart tissue in order to correct heart rhythm disturbances. In August 2018, we received 510(k) clearance from the U.S. Food and Drug Administration (the “FDA”) to market our PURE (Precise Uninterrupted Real-time evaluation of Electrograms) EP System. The PURE EP™ System is a non-invasive computerized system intended for acquiring, digitizing, amplifying, filtering, measuring and calculating, displaying, recording and storing of electrocardiographic and intracardiac signals for patients undergoing EP procedures in an EP laboratory. The system is indicated for use under the supervision of licensed healthcare practitioners who are responsible for interpreting the data collected by the system. The PURE EP System aims to minimize noise and artifacts from cardiac recordings and acquire high-fidelity cardiac signals. Improving cardiac signals may potentially increase the diagnostic value of these signals, thereby possibly improving accuracy and efficiencySection 27A of the EP studies and related procedures. The PURE EP System is intended to be used in addition to existing electrophysiology recorders. We believe that data provided by the PURE EP System will increase the workload ability and enhance the capabilities of the typical electrophysiology laboratory.

Our initial focus is on improving intracardiac signal acquisition and enhancing diagnostic information for catheter ablation procedures for complex and life-threatening arrhythmias like AF, the most common cardiac arrhythmia, and VT, an arrhythmia evidenced by a fast heart rhythm originating from the lower chambers of the heart. Our overall goal is to establish the PURE EP System as a new platform in the EP market. We believe that the PURE EP System and its signal processing tools will contribute to an increase in the number of procedures performed in each EP lab and possibly improved patient outcomes because we believe that the PURE EP System may have the following advantages over the EP recording systems currently available on the market:

An ability to provide precise, uninterrupted, real-time evaluations of electrograms;

Higher quality cardiac signal acquisition for accurate and more efficient electrophysiology studies and catheter ablation procedures to help reduce costs and length of procedures;

Reliable display of information to better determine precise ablation targets, strategy and end point of procedures with the objective of reducing the need for multiple procedures; and

It’s adevice that can run in parallel with the existing EP lab equipment.

Implications of Being an Emerging Growth Company

As a company with less than $1.07 billion in revenue during our last fiscal year, we qualify as an “emerging growth company” as defined in the Jumpstart Our Business Startups Act (the “JOBS Act”) enacted in April 2012. An “emerging growth company” may take advantage of exemptions from some of the reporting requirements that are otherwise applicable to public companies. These exceptions include:

being permitted to present only two years of audited financial statements and only two years of related Management’s Discussion and Analysis of Financial Condition and Results of Operations in this prospectus;

not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-OxleySecurities Act of 2002,1933, as amended (the “Sarbanes-Oxley“Securities Act”);

reduced disclosure obligations regarding executive compensation inthe Securities Exchange Act of 1934, as amended (the “Exchange Act”). Any statements about our periodic reports, proxyexpectations, beliefs, plans, objectives, assumptions or future events or performance are not historical facts and may be forward-looking. These statements are often, but are not always, made through the use of words or phrases such as “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “target,” “will,” and registration statements; and

exemptions from“would,” or the requirements of holding a nonbinding advisory vote on executive compensation and stockholder approval of any golden parachute payments not previously approved.

We may take advantagenegative of these provisions until the last day of our fiscal year following the fifth anniversary of the closing of our initial public offering. However, ifterms, or similar expressions. Such forward-looking statements are subject to certain events occur prior to the end of such five-year period, including if we become a “large accelerated filer,” our annual gross revenue exceeds $1.07 billion or we issue more than $1.0 billion of non-convertible debt in any three-year period, we will cease to be an emerging growth company prior to the end of such five-year period.

In addition, the JOBS Act provides that an emerging growth company can take advantage of an extended transition period for complying with new or revised accounting standards. We have elected to avail ourselves of this exemption.

Recent Developments

Private Placement

On March 12, 2019, we entered into a Securities Purchase Agreement (the “Purchase Agreement”) with certain accredited investors (the “Investors”). Pursuant to the Purchase Agreement, we sold to the Investors an aggregate of 2,155,127 shares (the “Shares”) of our common stock in exchange for aggregate consideration of $8,620,506 (the “Private Placement”). The Shares were sold to the Investors at a price of $4.00 per share.  In addition, on or prior the date that is 45 calendar days after the closing date of the Private Placement, we are required to use commercially reasonable efforts to prepare and file a registration statement on Form S-3 or Form S-1 with the Securities and Exchange Commission covering the resale of the Shares. We are additionally required to use our commercially reasonable efforts to cause such registration statement to be declared effective as soon as practicable thereafter.

Reverse Stock Split

Effective as of 5:00 p.m. Eastern Time on September 10, 2018, we amended our amended and restated certificate of incorporation in order to effectuate a 1-for-2.5 reverse stock split of our common stock. We have adjusted all outstanding restricted stock units, stock options, preferred stock and warrants entitling the holders to purchase shares of our common stock as a result of the reverse stock split, as required by the terms of these securities. In particular, we have reduced the conversion ratio for each security, and increased the exercise price in accordance with the terms of each security based on the reverse stock split ratio (i.e., the number of shares issuable under such securities has been divided by 2.5, and the exercise price per share has been multiplied by 2.5). Also, we reduced the number of shares reserved for issuance under the Company’s 2012 Equity Incentive Plan proportionately based on the reverse stock split ratio. The reverse stock split did not otherwise affect any of the rights currently accruing to holders of our common stock, preferred stock, options or warrants exercisable for our common stock. All share and related option and warrant information presented in this prospectus have been retroactively adjusted to reflect the reduced number of shares outstanding and the increase in share price which resulted from this action.

Corporate Information

We were formed as BioSig Technologies, Inc., a Nevada corporation, in February 2009. In April 2011, we merged with our wholly-owned subsidiary, BioSig Technologies Inc., a Delaware corporation, with the Delaware corporation continuing as the surviving entity. Our principal executive offices are located at 12424 Wilshire Blvd., Suite 745 Los Angeles, CA 90025, and our telephone number is (310) 620-9320. Our website address is www.biosig.com. Information accessed through our website is not incorporated into this prospectus and is not a part of this prospectus.

THE OFFERING

Common stock offered by the selling stockholders:

(i) Up to 2,155,127 shares of common stock to be offered by the selling stockholders and (ii) up to 257,000 shares of common stock to be offered by the selling stockholders upon the exercise of outstanding common stock purchase warrants.

Common stock outstanding prior to the offering:

20,944,450

Common stock outstanding after this offering:

21,201,450 (1)

Use of proceeds:

We will not receive any proceeds from the sale of the common stock offered by the selling stockholders. However, we will receive proceeds from the exercise price of the warrants if the warrants are exercised for cash. We intend to use those proceeds, if any, for general corporate purposes.

NASDAQ trading symbol: 

“BSGM”

Risk factors:

You should carefully consider the information set forth in this prospectus and, in particular, the specific factors set forth in the “Risk Factors” section beginning on page 4 of this prospectus, before deciding whether or not to invest in shares of our common stock.

(1) The number of shares of common stock outstanding after the offering is based upon 20,944,450 shares outstanding as of May 28, 2019, and assumes the exercise of all warrants with respect to those shares being registered for resale pursuant to the registration statement of which this prospectus forms a part.

The number of shares of common stock outstanding after this offering excludes:

3,614,124 shares of common stock issuable upon the exercise of currently outstanding options with a weighted average exercise price of $5.38 per share;

1,194,360 shares of common stock available for future issuance under the BioSig Technologies, Inc. 2012 Equity Incentive Plan;

41,484 shares of common stock issuable for accrued dividends on our Series C Preferred Stock as of March 31, 2019;

110,670 shares of common stock issuable upon the conversion of our Series C Preferred Stock; and

2,844,824 shares of common stock issuable upon exercise of warrants with a weighted average exercise price of $5.00 per share.

RISK FACTORS

An investment in our securities involves certain risks. Before investing in our securities, you should carefully consider the risks, uncertainties and assumptions discussed under the heading ”Risk Factors” included in our most recent Annual Report on Form 10-K, or any updates in our Quarterly Reports on Form 10-Q or Current Reports on Form 8-K, together with all of the other information appearing in this prospectus or incorporated by reference into this prospectus and which may be amended, supplemented or superseded from time to time by other reports we file with the SEC in the future. The risks so described are not the only risks facing our company. Additional risks not presently known to us or that we currently deem immaterial may also impair our business operations. Any of these risks could materially and adversely affect our business, financial condition, results of operations and cash flows and could result in a loss of all or part of your investment. In any case, the value of the securities offered by means of this prospectus could decline due to any of these risks, and you may lose all or part of your investment. Please also read carefully the section below entitled “Special Note Regarding Forward-Looking Statements.”

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

This prospectus, each prospectus supplement and the information incorporated by reference in this prospectus and each prospectus supplement contain “forward-looking statements,” which include information relating to future events, future financial performance, strategies, expectations, competitive environment and regulation. Words such as “may,” “should,” “could,” “would,” “predicts,” “potential,” “continue,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” and similar expressions, as well as statements in future tense, are intended to identify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and may not be accurate indications of when such performance or results will actually be achieved. Forward-looking statements are based on information we have when those statements are made or our management’s good faith belief as of that time with respect to future events, and are subject to risks and uncertaintiesfactors that could cause actual performance or results to differ materially from those expressedanticipated in or suggested bysuch statements, including, without limitation, the forward-looking statements. Important factors that could cause such differences include, but are not limited to:following:

 

Our history of recurring losses and negative cash flows from operating activities and the uncertainty regarding the adequacy of our liquidity to pursue or complete our business objectives.

Our inability to carry out research, development and commercialization plans.

Our inability to manufacture our PURE EP product on a commercial scale on our own or in collaborations with third parties.

Our inability to complete preclinical testing and clinical trials as anticipated.

Our ability to adequately protect and enforce rights to intellectual property.

Difficulties in obtaining financing on commercially reasonable terms, or at all.

Intense competition in our industry, with competitors having substantially greater financial, technological, research and development, regulatory and clinical, manufacturing, marketing and sales, distribution and personnel resources than we do.

Entry of new competitors and products and potential technological obsolescence of our products.

Adverse market and economic conditions.

Our ability to maintain the listing of our common stock on the Nasdaq Capital Market.

Loss of one or more key executives or scientists.

Difficulties in securing and retaining regulatory approval to market our product and product candidates.

our history of recurring losses and negative cash flows from operating activities and the uncertainty regarding the adequacy of our liquidity to pursue or complete our business objectives, and substantial doubt regarding our ability to continue as a going concern;
the results of ongoing and future clinical studies;
our inability to successfully develop or commercialize our product candidates;
market acceptance of existing and new products;
our inability to carry out research, development and commercialization plans;
delays in any phase of the preclinical or clinical development of a product, including during its research and development;
our inability to complete preclinical testing and clinical trials as anticipated;
changes in our relationship with key collaborators;
our ability to adequately protect and enforce rights to intellectual property;
our need to raise additional capital to meet our business requirements in the future and the difficulties in obtaining financing on commercially reasonable terms, or at all;
intense competition in our industry, with competitors having substantially greater financial, technological, research and development, regulatory and clinical, manufacturing, marketing and sales, distribution and personnel resources than we do;
our inability to manufacture our PURE EP product on a commercial scale on our own or in collaborations with third parties
 ●entry of new competitors and products and potential technological obsolescence of our products;
effect of healthcare legislation or reform measures that may substantially change the market for medical care or healthcare coverage in the U.S.;
the ongoing effects of COVID-19 endemic;
our failure to obtain regulatory approvals;
adverse market and economic conditions;
our ability to regain and maintain the listing of our common stock on The Nasdaq Capital Market;
loss of one or more key executives;
difficulties in securing and retaining regulatory approval to market our product and product candidates; and
depth of the trading market in our common stock.

 

You should read this prospectus, the applicable prospectus supplement and any related free-writing prospectus and the documents incorporated by reference in this prospectus with the understanding that our actual future results, levels of activity, performance and events and circumstances may be materially different from what we expect. The forward-looking statements contained or incorporated by reference in this prospectus or any prospectus supplement are expressly qualified in their entirety by this cautionary statement. We do not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events, exceptevents.

1

PROSPECTUS SUMMARY

This summary provides an overview of selected information contained elsewhere or incorporated by reference in this prospectus and does not contain all of the information you should consider before investing in our securities. You should carefully read the prospectus, the information incorporated by reference and the registration statement of which this prospectus is a part in their entirety before investing in our securities, including the information discussed under “Risk Factors” in this prospectus and the documents incorporated by reference and our financial statements and notes thereto that are incorporated by reference in this prospectus. Some of the statements in this prospectus and the documents incorporated by reference herein constitute forward-looking statements that involve risks and uncertainties. See information set forth under the section “Cautionary Statement Regarding Forward-Looking Statements.”

Overview

BioSig Technologies, Inc.

We are a medical technology company focused on deciphering the body’s electrical signals, starting with heart rhythms. By leveraging a unique combination of hardware and software, we are committed to delivering unprecedented cardiac signal clarity, helping to end the reliance on ‘mixed signals’ and ‘reading between the lines.’ Our platform technology aims to address some of healthcare’s biggest challenges—saving time, saving costs, and saving lives.

Our first product, the PURE EP™ Platform, an FDA 510(k) cleared non-invasive class II device, provides superior, real-time signal visualization allowing physicians to perform highly targeted cardiac ablation procedures with increased procedural efficiency and efficacy.

The PURE EP™ Platform helps to serve physicians by enabling the real-time acquisition of raw cardiac signal data—absent of unnecessary noise or interference inherent in traditional approaches. By leveraging a first-of-its-kind combination of hardware and software, the PURE EP™ Platform is designed to deliver unprecedented intracardiac signal purity that pushes the boundaries of cardiac arrhythmia identification, diagnosis, and treatment.

ViralClear Pharmaceuticals, Inc.

ViralClear Pharmaceuticals, Inc. (“ViralClear”) is a majority-owned subsidiary of the Company originally known as NeuroClear Technologies, Inc. As of the date of this prospectus, the Company has a majority interest in ViralClear of 69.08%.

Currently, ViralClear is an early-stage medical device company that is developing N-SENSE™, a novel sensing technology platform for high-speed electroneurogram (ENG) recordings. The specifications for this new product were based on the core competencies of the PURE EP™ signal processing technology, such as broad dynamic range of recorded signals and low signal-to-noise ratio and adapted to address disorders of the autonomic nervous systems through recordings and analysis of action potentials, the impulses along the membrane of a muscle cell or a nerve cell. These impulses are considered to carry valuable clinical information but may be difficult to detect through conventional recording platforms.

BioSig AI Sciences, Inc.

On July 2, 2020, we formed an additional subsidiary, NeuroClear Technologies, Inc., a Delaware corporation, which was renamed to BioSig AI Sciences, Inc. (“BioSig AI”) on May 31, 2023, to pursue clinical needs of cardiac and neurological disorders through recordings and analyses of action potential. BioSig AI intends to join BioSig’s technology team with external partners and collaborators to advance the research and development of an artificial intelligence (“AI”) medical device platform. As of the date of this prospectus, the Company has a majority interest in BioSig AI of 84.48%.

2

Corporate Information

We were formed as BioSig Technologies, Inc., a Nevada corporation, in February 2009. In April 2011, we merged with our wholly-owned subsidiary, BioSig Technologies Inc., a Delaware corporation, with the Delaware corporation continuing as the surviving entity. Our principal executive offices are located at 55 Greens Farms Road, 1st Floor, Westport, Connecticut 06880, and our telephone number is (203) 409-5444. Our website address is www.biosig.com. Our annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, and all amendments to those reports, are available to you free of charge through the “Investors” section of our web site as soon as reasonably practicable after such materials have been electronically filed with, or furnished to, the extent required by applicable securities laws.SEC. Information contained on our website does not form a part of this prospectus.

 

USE OF PROCEEDSThe Securities We May Offer

 

AllWe may offer up to $75,000,000 of common stock, preferred stock, warrants and/or units in one or more offerings and in any combination. This prospectus provides you with a general description of the securities we may offer. A prospectus supplement, which we will provide each time we offer securities, will describe the specific amounts, prices and terms of these securities.

Common Stock

We may issue shares of our common stock offeredfrom time to time. Holders of our common stock are entitled to receive ratably dividends as may be declared by the board of directors out of funds legally available for that purpose. We have never paid cash dividends on our common stock and do not anticipate paying any cash dividends in the foreseeable future but intend to retain our capital resources for reinvestment in our business. Any future disposition of dividends will be at the discretion of our board of directors and will depend upon, among other things, our future earnings, operating and financial condition, capital requirements, and other factors.

Each share of common stock entitles the holder to one vote, either in person or by proxy, at meetings of stockholders. The holders are not permitted to vote their shares cumulatively. Accordingly, the stockholders of our common stock who hold, in the aggregate, more than fifty percent of the total voting rights can elect all of our directors and, in such event, the holders of the remaining minority shares will not be able to elect any of such directors. The affirmative vote of the holders of a majority in voting power of the votes cast (excluding abstentions and broker non-votes) on any matter other than the election of directors that is presented to stockholders at a duly called or convened meeting at which a quorum is present is sufficient to authorize, affirm, ratify or consent to such act or action, except as otherwise provided by our certificate of incorporation, our bylaws, the rules or regulations of any stock exchange applicable to us, or applicable law or pursuant to any regulation applicable to us or our securities.

Holders of our common stock have no preemptive rights or other subscription rights, conversion rights, redemption or sinking fund provisions. Subject to the rights of the holders of our preferred stock, upon our liquidation, dissolution or winding up, the holders of our common stock will be entitled to share ratably in the net assets legally available for distribution to stockholders after the payment of all of our debts and other liabilities. The rights, preferences and privileges of holders of our common stock are subject to, and may be adversely affected by, the rights of the holders of any series of preferred stock, which may be designated solely by action of our board of directors and issued in the future.

Preferred Stock

We may issue shares of our preferred stock from time to time, in one or more series. Our board of directors will determine the rights, preferences, privileges and restrictions of the preferred stock, including dividend rights, conversion rights, voting rights, terms of redemption, liquidation preferences, sinking fund terms and the number of shares constituting any series or the designation of such series, without any further vote or action by stockholders. Convertible preferred stock will be convertible into our common stock or exchangeable for our other securities. Conversion may be mandatory or at your option or both and would be at prescribed conversion rates.

If we sell any series of preferred stock under this prospectus and applicable prospectus supplements, we will fix the rights, preferences, privileges and restrictions of the preferred stock of such series in the certificate of designation relating to that series. We will file as an exhibit to the registration statement of which this prospectus is a part, or will incorporate by reference from reports that we file with the SEC, the form of any certificate of designation that describes the terms of the series of preferred stock we are offering before the issuance of the related series of preferred stock. We urge you to read the applicable prospectus supplement related to the series of preferred stock being registeredoffered, as well as the complete certificate of designation that contains the terms of the applicable series of preferred stock.

Warrants

We may issue warrants for the accountspurchase of common stock or preferred stock in one or more series. We may issue warrants independently or together with common stock or preferred stock, and the warrants may be attached to or separate from these securities. We will evidence each series of warrants by warrant certificates that we will issue under a separate agreement. We may enter into warrant agreements with a bank or trust company that we select to be our warrant agent. We will indicate the name and address of the selling stockholders,warrant agent in the applicable prospectus supplement relating to a particular series of warrants.

In this prospectus, we have summarized certain general features of the warrants. We urge you, however, to read the applicable prospectus supplement related to the particular series of warrants being offered, as well as the warrant agreements and warrant certificates that contain the terms of the warrants. We will file as exhibits to the registration statement of which this prospectus is a part, or will incorporate by reference from reports that we file with the SEC, the form of warrant agreement or warrant certificate containing the terms of the warrants we are offering before the issuance of the warrants.

Units

We may issue units consisting of common stock, preferred stock and/or warrants for the purchase of common stock or preferred stock in one or more series. In this prospectus, we have summarized certain general features of the units. We urge you, however, to read the applicable prospectus supplement related to the series of units being offered, as well as the unit agreements that contain the terms of the units. We will file as exhibits to the registration statement of which this prospectus is a part, or will incorporate by reference reports that we file with the SEC, the form of unit agreement and any supplemental agreements that describe the terms of the series of units we are offering before the issuance of the related series of units.

4

RISK FACTORS

An investment in our securities involves a high degree of risk. Before deciding whether to invest in our securities, you should consider carefully the specific factors discussed under the heading “Risk Factors” in the applicable prospectus supplement, together with all of the other information contained or incorporated by reference in the prospectus supplement or appearing or incorporated by reference in this prospectus. You should also consider the risks, uncertainties and assumptions discussed under Part I, Item 1A, “Risk Factors,” in our most recent Annual Report on Form 10-K or any updates in our Quarterly Reports on Form 10-Q, which are incorporated herein by reference, as updated or superseded by the risks and uncertainties described under similar headings in the other documents that are filed after the date hereof and incorporated by reference into this prospectus and any prospectus supplement related to a particular offering. The risks and uncertainties we have described are not the only ones we face. Additional risks and uncertainties not presently known to us or that we currently deem immaterial may also affect our operations. Past financial performance may not be a reliable indicator of future performance, and historical trends should not be used to anticipate results or trends in future periods. If any of these risks actually occurs, our business, business prospects, financial condition or results of operations could be seriously harmed. This could cause the trading price of our common stock to decline, resulting in a loss of all or part of your investment. Please also read carefully the section above entitled “Cautionary Statement Regarding Forward-Looking Statements.”

USE OF PROCEEDS

We cannot assure you that we will not receive any proceeds in connection with securities which may be offered pursuant to this prospectus. Unless otherwise indicated in the applicable prospectus supplement, we intend to use any net proceeds from the sale of these shares. However,securities under this prospectus for our operations and for other general corporate purposes, including, but not limited to, general working capital and possible future acquisitions. We have not determined the amounts we will receive proceeds from the exercise priceplan to spend on any of the warrants ifareas listed above or the warrants are exercised for cash. We intendtiming of these expenditures. As a result, our management will have broad discretion to use thoseallocate the net proceeds, if any, we receive in connection with securities offered pursuant to this prospectus for general corporate purposes.any purpose. Pending application of the net proceeds as described above, we may initially invest the net proceeds in investment-grade, interest-bearing securities such as money market funds, certificates of deposit, or direct or guaranteed obligations of the U.S. government, hold as cash or apply them to the reduction of short-term indebtedness.

6

DESCRIPTION OF CAPITAL STOCK

 

SELLING STOCKHOLDERSThe following description of common stock and preferred stock summarizes the material terms and provisions of the common stock and preferred stock that we may offer under this prospectus, but is not complete. For the complete terms of our common stock and preferred stock, please refer to our amended and restated certificate of incorporation, as amended, any certificates of designation for our preferred stock, and our amended and restated bylaws, as amended. While the terms we have summarized below will apply generally to any future common stock or preferred stock that we may offer, we will describe the specific terms of any series of preferred stock in more detail in the applicable prospectus supplement. If we so indicate in a prospectus supplement, the terms of any preferred stock we offer under that prospectus supplement may differ from the terms we describe below.

 

UpWe have authorized 201,000,000 shares of capital stock, par value $0.001 per share, of which 200,000,000 are shares of common stock and 1,000,000 are shares of “blank check” preferred stock, of which 200 are authorized as Series A Preferred Stock, 600 are authorized as Series B Preferred Stock, 4,200 are authorized as Series C Preferred Stock, 1,400 are authorized as Series D Preferred Stock, 1,000 are authorized as Series E Preferred Stock and 200,000 are authorized as Series F Junior Participating Preferred Stock. As of December 27, 2023, there were 89,819,765 shares of common stock issued and outstanding, 105 shares of Series C Preferred Stock issued and outstanding and no shares of our Series A Convertible Preferred Stock, Series B Convertible Preferred Stock, Series D Convertible Preferred Stock, Series E Convertible Preferred Stock or Series F Junior Participating Preferred Stock issued and outstanding. The authorized and unissued shares of common stock and the authorized and undesignated shares of preferred stock are available for issuance without further action by our stockholders, unless such action is required by applicable law or the rules of any stock exchange on which our securities may be listed. Unless approval of our stockholders is so required, our board of directors does not intend to 2,412,127 sharesseek stockholder approval for the issuance and sale of our common stock or preferred stock.

Common Stock

The holders of common stock are entitled to one vote per share on all matters to be voted upon by stockholders. Holders of our common stock are currently being offeredentitled to receive ratably dividends as may be declared by the selling stockholders under this prospectus. This reflects the sumboard of (a) 2,155,127 Shares purchased by the Investorsdirectors out of funds legally available for that purpose. We have never paid cash dividends on our common stock and do not anticipate paying any cash dividends in the Private Placement, (b) 252,000 sharesforeseeable future but intend to retain our capital resources for reinvestment in our business. Any future disposition of dividends will be at the discretion of our board of directors and will depend upon, among other things, our future earnings, operating and financial condition, capital requirements, and other factors.

Each share of common stock underlying warrantsentitles the holder to purchaseone vote, either in person or by proxy, at meetings of stockholders. The holders are not permitted to vote their shares cumulatively. Accordingly, the stockholders of our common stock issuedwho hold, in the aggregate, more than fifty percent of the total voting rights can elect all of our directors and, in such event, the holders of the remaining minority shares will not be able to Mayo Clinic Ventures underelect any of such directors. The affirmative vote of the holders of a Know-How License Agreement with Mayo Foundation for Medical Educationmajority in voting power of the votes cast (excluding abstentions and Research,broker non-votes) on any matter other than the election of directors that is presented to stockholders at a charitable corporation, on March 15, 2017 (the “Mayo Warrants”), and (c) 5,000 sharesduly called or convened meeting at which a quorum is present is sufficient to authorize, affirm, ratify or consent to such act or action, except as otherwise provided by our certificate of commonincorporation, our bylaws, the rules or regulations of any stock underlying warrantsexchange applicable to purchaseus, or applicable law or pursuant to any regulation applicable to us or our securities.

Holders of our common stock issued to Brio Capital Master Fund Ltd. (the “Brio Warrants”) in connection with a consent agreement, dated February 14, 2018, as further described below(. The Investors, Mayo Clinic Ventures, Brio Capital Master Fund Ltd. and any donee, pledgee, transfereehave no preemptive rights or other successor-in-interestsubscription rights, conversion rights, redemption or sinking fund provisions. Subject to the rights of the Investorsholders of our preferred stock, upon our liquidation, dissolution or Mayo Clinic Ventures or Briowinding up, the holders of our common stock will be entitled to share ratably in the net assets legally available for distribution to stockholders after the payment of all of our debts and other liabilities.

The transfer agent and registrar for our common stock is Securities Transfer Corporation. The transfer agent’s address is 2901 N. Dallas Parkway, Suite 380, Plano, TX 75093. Our common stock is listed on the Nasdaq Capital Master Fund Ltd., are collectively referred to asMarket under the “selling stockholders.symbol “BSGM.

Preferred Stock

 

The Investors that participatedboard of directors is authorized, subject to any limitations prescribed by law, without further vote or action by the stockholders, to issue from time to time shares of preferred stock in one or more series. Each such series of preferred stock shall have such number of shares, designations, preferences, voting powers, qualifications, and special or relative rights or privileges as shall be determined by the Private Placement paid a price per shareboard of $4.00 per one sharedirectors, which may include, among others, dividend rights, voting rights, liquidation preferences, conversion rights and preemptive rights. Issuance of preferred stock by our board of directors may result in such shares having dividend and/or liquidation preferences senior to the rights of the holders of our common stock and could dilute the voting rights of the holders of our common stock.

 

The Mayo Warrants are exercisable for cash and expire 3 years fromPrior to the issuance date, with a strike price of $3.75 per share.

The Brio Warrants are exercisable for cash and expire on February 14, 2021. On February 16, 2018, we entered into a Securities Purchase Agreement with certain institutional accredited investors, pursuant to which we sold Series E Preferred Stock and warrants to purchase common stock in a private placement (the “Series E Private Placement”). In connection with the Series E Private Placement, on February 14, 2018, we entered into a consent agreement (the “Consent”) with the holders of our Series D Convertible Preferred Stock (the “Series D Holders”) pursuant to which the Series D Holders consented to the Series E Private Placement and were entitled at any time on or before April 17, 2018, to elect to receive the more favorable terms of the Series E Private Placement. As consideration for their entry into the Consent, we issued to the Series D Holders warrants to purchase up to an aggregate of 40,000 shares of common stock (the “Consent Warrants”). Consent Warrants other than the Brio Warrants have been exercised, and the Brio Warrants are the only Consent Warrants outstanding as of the date of this prospectus. The Consent Warrants are exercisable immediately and expire on February 14, 2021, and have an exercise price of $3.75 per share. The Consent Warrants include a “full ratchet” anti-dilution adjustment in the event that we issue any common stock or common stock equivalent at a per share price lower than the applicable exercise price then in effect. 

The shares of common stock referred to above are being registered to permit public sales of the shares, and the selling stockholders may offer the shares for resale from time to time pursuant to this prospectus.  The selling stockholders may also sell, transfer or otherwise dispose of all or a portion of their shares in transactions exempt from the registration requirements of the Securities Act or pursuant to another effective registration statement covering those shares.

The table below sets forth certain information regarding the selling stockholders and the shares of our common stock offered by them in this prospectus. The selling stockholders have not had a material relationship with us or our affiliates within the past three years other than as described in the footnotes to the table below or as a result of their acquisition of our shares or other securities. To our knowledge, subject to community property laws where applicable, each person named in the table has sole voting and investment power with respect to the shares of common stock set forth opposite such person’s name.  None of the selling stockholders are broker-dealers or affiliates of broker-dealers, unless otherwise noted.

Beneficial ownership is determined in accordance with the rules of the Securities and Exchange Commission. With respect to the Warrants, there exist contractual provisions limiting conversion and exercise to the extent such conversion or exercise would cause Mayo Clinic Ventures, Brio Capital Master Fund Ltd, together with its affiliates or members of a “group,” to beneficially own a number of shares of commoneach series of preferred stock, which would exceed from 4.99%the board of directors is required by the Delaware General Corporation Law (the “DGCL”) and our certificate of incorporation to 9.99%adopt resolutions and file a certificate of our then outstanding sharesdesignation with the Secretary of common stock following such conversionState of the State of Delaware. The certificate of designation fixes for each class or exercise. The sharesseries the designations, powers, preferences, rights, qualifications, limitations and percentage ownershiprestrictions, including, but not limited to, some or all of our outstanding shares indicated in the table below do not give effect to these limitations. 

  

Ownership Before Offering

    

Ownership After Offering

 

Selling Stockholder

 

Number of shares of

common stock

beneficially owned (1)

    

Number of shares offered

    

Number of shares of

common stock

beneficially owned (1)

    

Percentage of common

stock beneficially

owned (1)

 

1478756 Alberta Ltd. (2)

  100,000 (3)  25,000     75,000 (3)  * 

ABZ Solutions LLC (4)

  23,200 (5)  10,000     13,200 (5)  * 

Alvin Lane Roquemore

  1,250     1,250     -     * 

Ananth Prabhu

  2,500     2,500     -     * 

Anthony Amato

  20,000     20,000     -     * 

Anthony Juliano

  25,000     25,000     -     * 

Anthony Leone

  56,001 (6)  10,000     46,001 (6)  * 

Arthur T. Murphy IRA ETRADE Custodian

  70,000     10,000     60,000     * 

Benjamin Marcusfield

  1,250     1,250     -     * 

Bing McCullagh Partnership (7)

  42,500 (8)  12,500     30,000 (8)  * 

Brian Dvorak

  30,448 (9)  2,500     27,948 (9)  * 

Brian J Tate

  187,500     187,500     -     * 

Bruce E. Bodner

  8,500 (10)  2,500     6,000 (10)  * 

Bruce N. Kilmer

  12,500     12,500     -     * 

Chad Carriero

  5,000     5,000     -     * 

Charles Gotberg

  34,000 (11)  10,000     24,000 (11)  * 

Chris J. Wallace

  5,000     5,000     -     * 

Claude M. McQuarrie III

  50,000     50,000     -     * 

D Michael Rappeport

  113,200 (12)  10,000     103,200 (13)  * 

Dana Arrighi

  5,000     5,000     -     * 

David Cherry

  1,428,592 (14)  81,877     1,346,715 (15)  6.71%

David P. Buser

  137,602 (16)  10,000     127,602 (16)  * 

Dennis W. Sulisz Agreement of Trust

  28,000 (17)  10,000     18,000 (17)  * 

Doraraju Kurusamy

  15,001     15,001     -     * 

Drew Berman & Corey Londoner

  2,500     2,500     -     * 

Dustin Wilson

  187,002 (18)  25,000     162,0002 (19)  * 

Edgar Arzamasov

  17,000 (20)  5,000     12,000 (20)  * 

Elizabeth M. Brady

  25,000     25,000     -     * 

Equity Trust Company, Custodian FBO Glenn Munro, IRA

  50,000     50,000     -     * 

Ethan Bing

  33,461 (21)  5,000     28,461 (21)  * 

Everett J. Jones III

  53,000     53,000     -     * 

Fred V. Leone

  20,000 (22)  5,000     15,000 (22)  * 

Gabriela Cortez

  1,250     1,250     -     * 

Gary Zwetchkenbaum

  25,000     25,000     -     * 

George P. Bancroft

  24,000 (23)  3,000     21,000 (23)  * 

Gordon Family Revocable Living Trust UAD 03/14/1993 Ross Gordon & Helene Gordon TTEES

  12,500     12,500     -     * 

Guy Albalancy

  2,500 (24)  2,500     - (24)  * 

H. Thomas Temple

  37,500     7,500     30,000     * 

Harsadbhai D. Patel

  293,000 (25)  125,000     168,000 (25)  * 

HVF Group LLC 401K FBO Christian Burke, Jr.

  6,250     6,250     -     * 

Igor Kiselev

  2,500     2,500     -     * 

Ingrid O'Sullivan

  5,000     5,000     -     * 

Jason Detweiler

  4,250     4,250     -     * 

Jason Mitchell & Nina Mitchell

  5,000     5,000     -     * 

Jason Volm

  6,250     6,250     -     * 

Jere D. Peak

  11,000 (26)  5,000     6,000 (26)  * 

Jill A. Carlton

  31,250     31,250     -     * 

Jimmy A Roquemore

  1,250     1,250     -     * 

Joe Mills

  10,000     10,000     -     * 

John Curtis Johnson

  7,500     7,500     -     * 

John Kirsner

  2,500     2,500     -     * 

John W Paisley

  2,500     2,500     -     * 

Jonathan T. Stanney

  6,250     6,250     -     * 

Joseph Ianni & Emilya Cozza

  2,500     2,500     -     * 

Kausthub Kumar

  24,250 (27)  6,250     18,000 (27)  * 

Kenneth L. Epstein

  157,325 (28)  100,000     57,325 (28)  * 

Kenneth R. Baldridge Revocable Trust No. 1

  179,000 (29)  25,000     154,000 (29)  * 

Kevin Zwetchkenbaum

  2,500     2,500     -     * 

Larry Rosenshein

  45,500     5,500     40,000     * 

Lawrence Weinstein

  5,000     5,000     -     * 

Lee Stuart Becker

  10,000     10,000     -     * 

Legend Cap Opportunity Fund LLC (30)

  6,250     6,250     -     * 

Liam Kerr & Co. Limited (31)

  18,200 (32)  5,000     13,200 (32)  * 

Marc H. Feldman

  6,250     6,250     -     * 

Mark Bing

  91,701 (33)  25,000     66,701 (33)  * 

Mark W. Livingston

  6,250     6,250     -     * 

Maria Olskaia

  5,000     5,000     -     * 

Martin Keisch

  44,002     10,000     34,002     * 

MAZ Partners LP (34)

  25,000     25,000     -     * 

Micah Bloomfield

  12,500     12,500     -     * 

Michael L. Mayer and Sarah T. Mayer, trustees of Mayer Trust u/a dated 6/26/1997

  12,500     12,500     -     * 

Michael N Emmerman

  186,698 (35)  7,737     178,961 (35)  * 

MSNJ Investments LLC (36)

  41,000 (37)  5,000     36,000 (37)  * 

Paul Eisen

  94,000 (38)  16,000     78,000 (38)  * 

Paul Stamatis, Jr.

  178,511 (39)  12,500     166,011 (39)  * 

Philip Chapuseaux

  23,003 (40)  5,001     18,002 (40)  * 

Prabhugouda B. Patil

  46,000 (41)  10,000     36,000 (41)  * 

Rajiv Lal

  13,250 (42)  1,250     12,000 (42)  * 

Ramachandra Malya (43)

  869,000 (44)  25,000     844,000 (44)  4.03%

Randy F Bishop

  31,600 (45)  10,000     21,600 (45)  * 

Richard D. Andersen

  149,170 (46)  2,500     146,670 (47)  * 

Richard Skodnek

  11,000 (48)  5,000     6,000 (48)  * 

Robert J Costantino

  22,501 (49)  12,500     10,001 (49)  * 

Sanjaykumar R. Kamani

  22,511     22,511     -     * 

Sarah A. Ehrlich

  5,000     5,000     -     * 

Serge Zalkin

  2,500     2,500     -     * 

Shalin Patel

  13,250 (50)  1,250     12,000 (50)  * 

Shirley A. Smith

  1,250     1,250     -     * 

Stephanie Jasa

  25,000 (51)  6,250     18,750 (51)  * 

Steven Lepsky

  16,000 (52)  10,000     6,000 (52)  * 

Stuart Kratky

  6,250     6,250     -     * 

Syed H. Reza

  800,000 (53)  500,000     300,000 (53)  1.43%

Terry H. Hamrick

  1,000     1,000     -     * 

The Varbel Family Trust DTO 03/06/2012

  6,250     6,250     -     * 

Thomas A. Gogoe

  6,250     6,250     -     * 

Thomas G. Gee, Jr.

  10,000     10,000     -     * 

Tim C. Moeller

  12,500     12,500     -     * 

TTM LLC (54)

  325,001 (55)  125,000     200,001 (55)    

Vasudev B Shenoy

  75,500     12,500     63,000     * 

Vyacheslav Shamalov

  23,000 (56)  5,000     18,000 (56)    

William Rabetz

  68,400 (57)  10,000     58,400 (57)  * 

Yevgeny Rudashevsky

  60,000     60,000     -       

Tapasya Bali

  1,500     1,500     -     * 

Mayo Clinic Ventures (58)

  252,000 (59)  252,000 (59)  -     * 

Brio Capital Master Fund Ltd (60)

  21,967 (61)  5,000 (61)  16,967 (61)  * 

* Less than 1%following:

 

 

(1)

In computing the percentage of our common stock beneficially owned by each selling stockholder after the offering, we have assumed the exercise by such selling stockholder of all warrants with respect to those shares being offered by such selling stockholder, and therefore the calculation is based on a number of shares of common stock outstanding comprised of (i) 20,944,450 shares of common stock outstanding as of May 28, 2019 plus (ii) the number of shares offeredconstituting that series and the distinctive designation of that series, which number may be increased or decreased (but not below the number of shares then outstanding) from time to time by action of the selling stockholderboard of directors;

the dividend rate and the manner and frequency of payment of dividends on the shares of that series, whether dividends will be cumulative, and, if so, from which date;
whether that series will have voting rights, in this offering underlying warrants heldaddition to any voting rights provided by law, and, if so, the terms of such selling stockholder. Thevoting rights;
whether that series will have conversion privileges, and, if so, the terms and conditions of such conversion, including provision for adjustment of the conversion rate in such events as the board of directors may determine;
whether or not the shares offered by one selling stockholder underlying warrants held byof that series will be redeemable, and, if so, the terms and conditions of such selling stockholder are not deemed outstandingredemption;
whether that series will have a sinking fund for the purposeredemption or purchase of computingshares of that series, and, if so, the percentage ownershipterms and amount of such sinking fund;
whether or not the shares of the series will have priority over or be on a parity with or be junior to the shares of any other selling stockholder.

series or class in any respect;
the rights of the shares of that series in the event of voluntary or involuntary liquidation, dissolution or winding up of the corporation, and the relative rights or priority, if any, of payment of shares of that series; and
any other relative rights, preferences and limitations of that series.

 

(2)

Once designated by our board of directors, each series of preferred stock may have specific financial and other terms that will be described in a prospectus supplement. The description of the preferred stock that is set forth in any prospectus supplement is not complete without reference to the documents that govern the preferred stock. These include our certificate of incorporation and any certificates of designation that our board of directors may adopt.

All shares of preferred stock offered hereby will, when issued, be fully paid and nonassessable, including shares of preferred stock issued upon the exercise of preferred stock warrants or subscription rights, if any.

Brett Sorensen has sole voting and dispositive power over the securities held for the account of this selling stockholder.

 

(3)

Although our board of directors has no intention at the present time of doing so, it could authorize the issuance of a series of preferred stock that could, depending on the terms of such series, impede the completion of a merger, tender offer or other takeover attempt.

Includes 22,500 shares of common stock issuable upon the exercise of warrants.

 

(4)

Anti-Takeover Effects of Certain Provisions of Delaware Law, our Certificate of Incorporation and Bylaws

Robert A. Feiner, Manager, has sole voting and dispositive power over the securities held for the account of this selling stockholder.

 

(5)

Delaware Law

Includes 2,200 shares of common stock issuable upon the exercise of warrants.

 

(6)

Includes 13,334 shares of common stock issuable upon the exercise of warrants.

(7)

Paul Bing has sole voting and dispositive power over the securities held for the account of this selling stockholder.

(8)

Includes 10,000 shares of common stock issuable upon the exercise of warrants.

(9)

Includes 8,658 shares of common stock issuable upon the exercise of warrants.

(10)

Includes 1,000 shares of common stock issuable upon the exercise of warrants.

(11)

Includes 8,000 shares of common stock issuable upon the exercise of warrants.

(12)

Comprised of (i) 41,000 shares of common stock and warrants to purchase 12,200 shares of common stock and (ii) 40,000 shares of common stock and warrants to purchase 20,000 shares of common stock held by D. Michael Rappeport & Jane H. Rappeport JT TEN.

(13)

Comprised of (i) 41,000 shares of common stock and warrants to purchase 12,200 shares of common stock and (ii) 40,000 shares of common stock and warrants to purchase 20,000 shares of common stock held by D. Michael Rappeport & Jane H. Rappeport JT TEN.

(14)

Comprised of (i) 219,208 shares of common stock and warrants to purchase 22,000 shares of common stock, (ii) 126,658 shares of common stock and warrants to purchase 29,998 shares of common stock held by Thomas David Cherry as Trustee of Cherry Family Trust, a trust for which David Cherry is deemed the beneficial owner, and (iii) 730,240 shares of common stock and warrants to purchase 300,488 shares of common stock held by Cherry Pipes Ltd. David Cherry has sole voting and dispositive power over the securities held for the account of Cherry Pipes Ltd.

(15)

Comprised of (i) 137,331 shares of common stock and warrants to purchase 22,000 shares of common stock, (ii) 126,658 shares of common stock and warrants to purchase 29,998 shares of common stock held by Thomas David Cherry as Trustee of Cherry Family Trust, a trust for which David Cherry is deemed the beneficial owner, and (iii) 730,240 shares of common stock and warrants to purchase 300,488 shares of common stock held by Cherry Pipes Ltd. David Cherry has sole voting and dispositive power over the securities held for the account of Cherry Pipes Ltd.

the DGCL. Section 203 generally prohibits a public Delaware corporation from engaging in a “business combination” with an “interested stockholder” for a period of three years after the date of the transaction in which the person became an interested stockholder, unless:

 

 

(16)

Includes 28,701prior to the date of the transaction, the board of directors of the corporation approved either the business combination or the transaction which resulted in the stockholder becoming an interested stockholder;

the interested stockholder owned at least 85% of the voting stock of the corporation outstanding at the time the transaction commenced, excluding for purposes of determining the number of shares outstanding (but not the outstanding voting stock owned by the interested stockholder) (i) shares owned by persons who are directors and also officers and (ii) shares owned by employee stock plans in which employee participants do not have the right to determine confidentially whether shares held subject to the plan will be tendered in a tender or exchange offer; or
on or subsequent to the date of commonthe transaction, the business combination is approved by the board and authorized at an annual or special meeting of stockholders, and not by written consent, by the affirmative vote of at least 66 2/3% of the outstanding voting stock issuable uponwhich is not owned by the exercise of warrants.

interested stockholder.

 

(17)

Includes 6,000 shares of common stock issuable upon the exercise of warrants.

(18)

Comprised of (i) 54,000 shares of common stock and warrants to purchase 13,000 shares of common stock, (ii) 6,667 shares of common stock and warrants to purchase 3,334 shares of common stock held by Dustin & Carol Wilson JTWROS, and (iii) 57,334 shares of common stock and warrants to purchase 28,667 shares of common stock held by Flying Colors Painting Co. Dustin Wilson has sole voting and dispositive power over the securities held for the account of Flying Colors Painting Co.

(19)

Comprised of (i) 29,000 shares of common stock and warrants to purchase 13,000 shares of common stock, (ii) 6,667 shares of common stock and warrants to purchase 3,334 shares of common stock held by Dustin & Carol Wilson JTWROS, and (iii) 57,334 shares of common stock and warrants to purchase 28,667 shares of common stock held by Flying Colors Painting Co. Dustin Wilson has sole voting and dispositive power over the securities held for the account of Flying Colors Painting Co.

(20)

Includes 3,000 shares of common stock issuable upon the exercise of warrants.

(21)

Includes 8,961 shares of common stock issuable upon the exercise of warrants.

(22)

Includes 3,000 shares of common stock issuable upon the exercise of warrants.

(23)

Includes 6,500 shares of common stock issuable upon the exercise of warrants.

(24)

Includes 8,000 shares of common stock issuable upon the exercise of warrants.

(25)

Includes 56,000 shares of common stock issuable upon the exercise of warrants.

(26)

Includes 2,000 shares of common stock issuable upon the exercise of warrants.

(27)

Includes 5,000 shares of common stock issuable upon the exercise of warrants.

(28)

Includes 40,459 shares of Series C Preferred Stock and accrued dividends thereon that are convertible into shares of common stock.

(29)

Includes 19,000 shares of common stock issuable upon the exercise of warrants.

(30)

Evan Greenberg has sole voting and dispositive power over the securities held for the account of this selling stockholder.

(31)

Liam Kerr has sole voting and dispositive power over the securities held for the account of this selling stockholder.

(32)

Includes 2,200 shares of common stock issuable upon the exercise of warrants.

(33)

Includes 22,234 shares of common stock issuable upon the exercise of warrants.

(34)

Walter Schenker has sole voting and dispositive power over the securities held for the account of this selling stockholder.

(35)

Includes 20,000 shares of common stock issuable upon the exercise of warrants.

(36)

Sanjeeb Shrestha has sole voting and dispositive power over the securities held for the account of this selling stockholder.

(37)

Includes 10,000 shares of common stock issuable upon the exercise of warrants.

(38)

Includes 16,000 shares of common stock issuable upon the exercise of warrants.

(39)

Includes 39,004 shares of common stock issuable upon the exercise of warrants.

(40)

Includes 6,001 shares of common stock issuable upon the exercise of warrants.

Section 203 defines a business combination to include:

 

 

(41)

Includes 4,000any merger or consolidation involving the corporation and the interested stockholder;

any sale, transfer, pledge or other disposition involving the interested stockholder of 10% or more of the assets of the corporation;
subject to exceptions, any transaction that results in the issuance or transfer by the corporation of any stock of the corporation to the interested stockholder; or
the receipt by the interested stockholder of the benefit of any loans, advances, guarantees, pledges or other financial benefits provided by or through the corporation.

In general, Section 203 defines an “interested stockholder” as any entity or person beneficially owning 15% or more of the outstanding voting stock of the corporation and any entity or person affiliated with, or controlling, or controlled by, the entity or person. The term “owner” is broadly defined to include any person that, individually, with or through that person’s affiliates or associates, among other things, beneficially owns the stock, or has the right to acquire the stock, whether or not the right is immediately exercisable, under any agreement or understanding or upon the exercise of warrants or options or otherwise or has the right to vote the stock under any agreement or understanding, or has an agreement or understanding with the beneficial owner of the stock for the purpose of acquiring, holding, voting or disposing of the stock.

The restrictions in Section 203 do not apply to corporations that have elected, in the manner provided in Section 203, not to be subject to Section 203 of the DGCL or, with certain exceptions, which do not have a class of voting stock that is listed on a national securities exchange or held of record by more than 2,000 stockholders. Our certificate of incorporation and bylaws do not opt out of Section 203.

Section 203 could delay or prohibit mergers or other takeover or change in control attempts with respect to us and, accordingly, may discourage attempts to acquire us even though such a transaction may offer our stockholders the opportunity to sell their stock at a price above the prevailing market price.

Certificate of Incorporation and Bylaws

Provisions of our certificate of incorporation and bylaws may delay or discourage transactions involving an actual or potential change in our control or change in our management, including transactions in which stockholders might otherwise receive a premium for their shares, or transactions that our stockholders might otherwise deem to be in their best interests. Therefore, these provisions could adversely affect the price of our common stock. Among other things, our certificate of incorporation and bylaws:

permit our board of directors to issue up to 1,000,000 shares of preferred stock, without further action by the stockholders, with any rights, preferences and privileges as they may designate, including the right to approve an acquisition or other change in control;
provide that the authorized number of directors may be changed only by a resolution adopted by a majority of the total number of authorized directors;
do not provide for cumulative voting rights (therefore allowing the holders of a majority of the shares of common stock issuable uponentitled to vote in any election of directors to elect all of the exercise of warrants.

directors standing for election, if they should so choose); and

 

(42)

Includes 4,000 shares of common stock issuable upon the exercise of warrants.

  

(43)

Ramachandra Malya isprovide advance notice provisions with which a member of our Advisory Board.

(44)

Includes 291,000 shares of common stock issuable upon the exercise of warrants.

(45)

Includes 7,200 shares of common stock issuable upon the exercise of warrants.

(46)

Comprised of (i) 71,834 shares of common stock and warrantsstockholder who wishes to purchase 34,667 shares of common stock, (ii) 37,335 shares of common stock and warrantsnominate a director or propose other business to purchase 5,334 shares of common stock held in the shareholder’s IRA accounts.

(47)

Comprised of (i) 69,334 shares of common stock and warrants to purchase 34,667 shares of common stock, (ii) 37,335 shares of common stock and warrants to purchase 5,334 shares of common stock held in the shareholder’s IRA accounts.

(48)

Includes 2,000 shares of common stock issuable upon the exercise of warrants.

(49)

Includes 3,334 shares of common stock issuable upon the exercise of warrants.

(50)

Includes 4,000 shares of common stock issuable upon the exercise of warrants.

(51)

Includes options to purchase 18,750 shares of common stock that are currently exercisable or exercisable within 60 days of May 28, 2019.

(52)

Includes 2,000 shares of common stock issuable upon the exercise of warrants.

(53)

Includes 100,000 shares of common stock issuable upon the exercise of warrants.

(54)

Tim Milliken has sole voting and dispositive power over the securities held for the account of this selling stockholder.

(55)

Includes 66,667 shares of common stock issuable upon the exercise of warrants.

(56)

Includes 5,000 shares of common stock issuable upon the exercise of warrants.

(57)

Includes 15,000 shares of common stock issuable upon the exercise of warrants.

(58)

Daniel D. Estes, Assistant Treasurer of Mayo Foundation for Medical Education and Research,be considered at a Minnesota charitable corporation has voting and dispositive power over the securities held for the account of this selling stockholder Mayo Clinic Ventures.

(59)

Includes shares of common stock issuable upon the exercise of warrants.

(60)

Shaye Hirsch has sole voting and dispositive power over the securities held for the account of this selling stockholder.

(61)

Consists of shares of common stock issuable upon the exercise of warrants.

meeting must comply.

 

DESCRIPTION OF WARRANTS

 

PLAN OF DISTRIBUTION

We are registering the shares of common stockDecember 27, 2023, there were outstanding warrants to permit the resale of these shares of common stock by the selling stockholders from time to time after the date of this prospectus. We will not receive any of the proceeds from the sale by the selling stockholders of the shares of common stock. We will bear all fees and expenses incident to our obligation to register thepurchase 27,483,022 shares of common stock.

 

The selling stockholdersWe may sell all or a portion ofissue warrants for the sharespurchase of common stock beneficially ownedor preferred stock in one or more series. We may issue warrants independently or together with common stock or preferred stock, and the warrants may be attached to or separate from these securities.

We will evidence each series of warrants by themwarrant certificates that we may issue under a separate agreement. We may enter into a warrant agreement with a warrant agent. Each warrant agent may be a bank that we select which has its principal office in the United States. We may also choose to act as our own warrant agent. We will indicate the name and address of any such warrant agent in the applicable prospectus supplement relating to a particular series of warrants.

We will describe in the applicable prospectus supplement the terms of the series of warrants, including:

the offering price and aggregate number of warrants offered;
if applicable, the designation and terms of the securities with which the warrants are issued and the number of warrants issued with each such security or each principal amount of such security;
if applicable, the date on and after which the warrants and the related securities will be separately transferable;
in the case of warrants to purchase common stock or preferred stock, the number or amount of shares of common stock or preferred stock, as the case may be, purchasable upon the exercise of one warrant and the price at which and currency in which these shares may be purchased upon such exercise;
the manner of exercise of the warrants, including any cashless exercise rights;
the warrant agreement under which the warrants will be issued;
the effect of any merger, consolidation, sale or other disposition of our business on the warrant agreement and the warrants;
anti-dilution provisions of the warrants, if any;
the terms of any rights to redeem or call the warrants;
any provisions for changes to or adjustments in the exercise price or number of securities issuable upon exercise of the warrants;
the dates on which the right to exercise the warrants will commence and expire or, if the warrants are not continuously exercisable during that period, the specific date or dates on which the warrants will be exercisable;
the manner in which the warrant agreement and warrants may be modified;
the identities of the warrant agent and any calculation or other agent for the warrants;
federal income tax consequences of holding or exercising the warrants;
the terms of the securities issuable upon exercise of the warrants;
any securities exchange or quotation system on which the warrants or any securities deliverable upon exercise of the warrants may be listed or quoted; and
any other specific terms, preferences, rights or limitations of or restrictions on the warrants.

Before exercising their warrants, holders of warrants will not have any of the rights of holders of the securities purchasable upon such exercise, including, in the case of warrants to purchase common stock or preferred stock, the right to receive dividends, if any, or payments upon our liquidation, dissolution or winding up or to exercise voting rights, if any.

Exercise of Warrants

Each warrant will entitle the holder to purchase the securities that we specify in the applicable prospectus supplement at the exercise price that we describe in the applicable prospectus supplement. Unless we otherwise specify in the applicable prospectus supplement, holders of the warrants may exercise the warrants at any time up to 5:00 P.M. Eastern Time, the close of business, on the expiration date that we set forth in the applicable prospectus supplement. After the close of business on the expiration date, unexercised warrants will become void.

Holders of the warrants may exercise the warrants by delivering the warrant certificate representing the warrants to be exercised together with specified information, and paying the required exercise price by the methods provided in the applicable prospectus supplement. We will set forth on the reverse side of the warrant certificate, and in the applicable prospectus supplement, the information that the holder of the warrant will be required to deliver to the warrant agent.

Upon receipt of the required payment and the warrant certificate properly completed and duly executed at the corporate trust office of the warrant agent or any other office indicated in the applicable prospectus supplement, we will issue and deliver the securities purchasable upon such exercise. If fewer than all of the warrants represented by the warrant certificate are exercised, then we will issue a new warrant certificate for the remaining amount of warrants.

Enforceability of Rights by Holders of Warrants

Any warrant agent will act solely as our agent under the applicable warrant agreement and will not assume any obligation or relationship of agency or trust with any holder of any warrant. A single bank or trust company may act as warrant agent for more than one issue of warrants. A warrant agent will have no duty or responsibility in case of any default by us under the applicable warrant agreement or warrant, including any duty or responsibility to initiate any proceedings at law or otherwise, or to make any demand upon us. Any holder of a warrant may, without the consent of the related warrant agent or the holder of any other warrant, enforce by appropriate legal action the holder’s right to exercise, and receive the securities purchasable upon exercise of, its warrants in accordance with their terms.

Warrant Agreement Will Not Be Qualified Under Trust Indenture Act

No warrant agreement will be qualified as an indenture, and no warrant agent will be required to qualify as a trustee, under the Trust Indenture Act of 1939. Therefore, holders of warrants issued under a warrant agreement will not have the protection of the Trust Indenture Act of 1939 with respect to their warrants.

Governing Law

Unless we provide otherwise in the applicable prospectus supplement, each warrant agreement and any warrants issued under the warrant agreements will be governed by New York law.

DESCRIPTION OF UNITS

We may issue units comprised of one or more of the other securities described in this prospectus or any prospectus supplement in any combination. Each unit will be issued so that the holder of the unit is also the holder, with the rights and obligations of a holder, of each security included in the unit. The unit agreement under which a unit is issued may provide that the securities included in the unit may not be held or transferred separately, at any time or at any times before a specified date or upon the occurrence of a specified event or occurrence.

The applicable prospectus supplement will describe:

the designation and the terms of the units and of the securities comprising the units, including whether and under what circumstances those securities may be held or transferred separately;
any unit agreement under which the units will be issued;
any provisions for the issuance, payment, settlement, transfer or exchange of the units or of the securities comprising the units; and
whether the units will be issued in fully registered or global form.

12

PLAN OF DISTRIBUTION

We may sell the securities offered herebypursuant to this prospectus from time to time directly or through one or more underwriters, broker-dealers or agents. If the shares of common stock are sold through underwriters or broker-dealers, the selling stockholders will be responsible for underwriting discounts or commissions or agent’s commissions. The shares of common stock may be sold in one or more transactions, at fixed prices, at prevailing market prices atincluding, without limitation:

to or through underwriters;
through broker-dealers (acting as agent or principal);
through agents;
directly by us to one or more purchasers (including our affiliates and stockholders), through a specific bidding or auction process, a rights offering or otherwise;
through a combination of any such methods of sale; or
through any other methods described in a prospectus supplement or free writing prospectus.

The distribution of securities may be effected, from time to time, in one or more transactions, including:

block transactions (which may involve crosses) and transactions on The Nasdaq Capital Market or any other organized market where the securities may be traded;
purchases by a broker-dealer as principal and resale by the broker-dealer for its own account pursuant to a prospectus supplement or free writing prospectus;
ordinary brokerage transactions and transactions in which a broker-dealer solicits purchasers;
sales “at the market” to or through a market maker or into an existing trading market, on an exchange or otherwise; and
sales in other ways not involving market makers or established trading markets, including direct sales to purchasers.

The applicable prospectus supplement or free writing prospectus will describe the timeterms of the offering of the securities, including:

the name or names of any underwriters, if, and if required, any dealers or agents;
the purchase price of the securities and the proceeds we will receive from the sale;
any underwriting discounts and other items constituting underwriters’ compensation;
any discounts or concessions allowed or re-allowed or paid to dealers; and
any securities exchange or market on which the securities may be listed or traded.

We may distribute the securities from time to time in one or more transactions at:

a fixed price or prices, which may be changed;
market prices prevailing at the time of sale;
prices related to such prevailing market prices; or
negotiated prices.

Only underwriters named in the prospectus supplement are underwriters of the securities offered by the prospectus supplement.

If underwriters are used in an offering, we will execute an underwriting agreement with such underwriters and will specify the name of each underwriter and the terms of the transaction (including any underwriting discounts and other terms constituting compensation of the underwriters and any dealers) in a prospectus supplement. The securities may be offered to the public either through underwriting syndicates represented by managing underwriters or directly by one or more investment banking firms or others, as designated. If an underwriting syndicate is used, the managing underwriter(s) will be specified on the cover of the prospectus supplement. If underwriters are used in the sale, the offered securities will be acquired by the underwriters for their own accounts and may be resold from time to time in one or more transactions, including negotiated transactions, at a fixed public offering price or at varying prices determined at the time of sale,sale. Any public offering price and any discounts or at negotiated prices. These salesconcessions allowed or reallowed or paid to dealers may be effectedchanged from time to time. Unless otherwise set forth in transactions, which may involve crosses or block transactions,the prospectus supplement, the obligations of the underwriters to purchase the offered securities will be subject to conditions precedent, and the underwriters will be obligated to purchase all of the offered securities, if any are purchased.

 

● onWe may grant to the underwriters options to purchase additional securities to cover over-allotments, if any, national securities exchangeat the public offering price, with additional underwriting commissions or quotation service on whichdiscounts, as may be set forth in a related prospectus supplement. The terms of any over-allotment option will be set forth in the prospectus supplement for those securities.

If we use a dealer in the sale of the securities being offered pursuant to this prospectus or any prospectus supplement, we will sell the securities to the dealer, as principal. The dealer may then resell the securities to the public at varying prices to be listed or quoteddetermined by the dealer at the time of sale;resale. The names of the dealers and the terms of the transaction will be specified in a prospectus supplement.

 

We may sell the securities directly or through agents we designate from time to time. We will name any agent involved in the over-the-counter market;offering and sale of securities and we will describe any commissions we will pay the agent in the prospectus supplement. Unless the prospectus supplement states otherwise, any agent will act on a best-efforts basis for the period of its appointment.

 

● in transactions otherwise than on these exchangesWe may authorize agents or systems orunderwriters to solicit offers by institutional investors to purchase securities from us at the public offering price set forth in the over-the-counter market;prospectus supplement pursuant to delayed delivery contracts providing for payment and delivery on a specified date in the future. We will describe the conditions to these contracts and the commissions we must pay for solicitation of these contracts in the prospectus supplement.

 

● throughIn connection with the writing of options, whether such options are listed on an options exchange or otherwise;

● ordinary brokerage transactions and transactions in which the broker-dealer solicits purchasers;

● block trades in which the broker-dealer will attempt to sell the shares as agent but may position and resell a portionsale of the block as principal to facilitate the transaction;

● purchases by a broker-dealer as principal and resale by the broker-dealer for its account;

● an exchange distribution in accordance with the rules of the applicable exchange;

● privately negotiated transactions;

● short sales;

● sales pursuant to Rule 144;

● broker-dealers may agree with the selling security holders to sell a specified number of such shares at a stipulated price per share;

● a combination of any such methods of sale; and

● any other method permitted pursuant to applicable law.

If the selling stockholders effect such transactions by selling shares of common stock to or throughsecurities, underwriters, broker-dealers or agents, such underwriters, broker-dealersdealers or agents may receive commissionscompensation from us or from purchasers of the securities for whom they act as agents, in the form of discounts, concessions or commissions. Underwriters may sell the securities to or through dealers, and those dealers may receive compensation in the form of discounts, concessions or commissions from the selling stockholdersunderwriters or commissions from purchasers of the shares of common stockpurchasers for whom they may act as agent or to whom they may sell as principal (which discounts, concessions or commissions as to particular underwriters, broker-dealers oragents. Underwriters, dealers and agents may be in excess of those customary in the types of transactions involved). In connection with sales of the shares of common stock or otherwise, the selling stockholders may enter into hedging transactions with broker-dealers, which may in turn engage in short sales of the shares of common stock in the course of hedging in positions they assume. The selling stockholders may also sell shares of common stock short and deliver shares of common stock covered by this prospectus to close out short positions and to return borrowed shares in connection with such short sales. The selling stockholders may also loan or pledge shares of common stock to broker-dealers that in turn may sell such shares.

The selling stockholders may pledge or grant a security interest in some or all of the shares of common stock owned by them and, if they default in the performance of their secured obligations, the pledgees or secured parties may offer and sell the shares of common stock from time to time pursuant to this prospectus or any amendment to this prospectus under Rule 424(b)(3) or other applicable provision of the Securities Act, amending, if necessary, the list of selling stockholders to include the pledgee, transferee or other successors in interest as selling stockholders under this prospectus. The selling stockholders also may transfer and donate the shares of common stock in other circumstances in which case the transferees, donees, pledgees or other successors in interest will be the selling beneficial owners for purposes of this prospectus.

The selling stockholders and any broker-dealer participatingparticipate in the distribution of the sharessecurities, and any institutional investors or others that purchase securities directly for the purpose of common stockresale or distribution, may be deemed to be “underwriters” within the meaning of the Securities Act,underwriters, and any commission paid, or any discounts or concessions allowed to,commissions received by them from us and any such broker-dealerprofit on the resale of the common stock by them may be deemed to be underwriting discounts and commissions or discounts under the Securities Act. At

We may provide agents, underwriters and other purchasers with indemnification against particular civil liabilities, including liabilities under the time a particularSecurities Act, or contribution with respect to payments that the agents, underwriters or other purchasers may make with respect to such liabilities. Agents and underwriters may engage in transactions with, or perform services for, us in the ordinary course of business.

To facilitate the public offering of a series of securities, persons participating in the sharesoffering may engage in transactions that stabilize, maintain, or otherwise affect the market price of the securities. This may include over-allotments or short sales of the securities, which involves the sale by persons participating in the offering of more securities than have been sold to them by us. In addition, those persons may stabilize or maintain the price of the securities by bidding for or purchasing securities in the open market or by imposing penalty bids, whereby selling concessions allowed to underwriters or dealers participating in any such offering may be reclaimed if securities sold by them are repurchased in connection with stabilization transactions. The effect of these transactions may be to stabilize or maintain the market price of the securities at a level above that which might otherwise prevail in the open market. Such transactions, if commenced, may be discontinued at any time. We make no representation or prediction as to the direction or magnitude of any effect that the transactions described above, if implemented, may have on the price of our securities.

Unless otherwise specified in the applicable prospectus supplement, any common stock is made,sold pursuant to a prospectus supplement if required, will be distributed, whicheligible for listing on The Nasdaq Capital Market, subject to official notice of issuance. Any underwriters to whom securities are sold by us for public offering and sale may make a market in the securities, but such underwriters will set forth the aggregate amount of shares of common stock being offerednot be obligated to do so and the terms of the offering, including the name or names ofmay discontinue any broker-dealers or agents,market making at any discounts, commissions and other terms constituting compensation from the selling stockholders and any discounts, commissions or concessions allowed or reallowed or paid to broker-dealers.time without notice.

 

UnderIn order to comply with the securities laws of some states, if applicable, the shares of common stock maysecurities offered pursuant to this prospectus will be sold in suchthose states only through registered or licensed brokers or dealers. In addition, in some states the shares of common stocksecurities may not be sold unless such sharesthey have been registered or qualified for sale in suchthe applicable state or an exemption from the registration or qualification requirement is available and is complied with.

 

14

There can be no assurance that any selling stockholder will sell any or all of the shares of common stock registered pursuant to the shelf registration statement, of which this prospectus forms a part.

LEGAL MATTERS

 

The selling stockholders and any other person participating in such distributionvalidity of the securities offered by this prospectus will be subject to applicable provisions of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and the rules and regulations thereunder, including, without limitation, Regulation M of the Exchange Act, which may limit the timing of purchases and sales of any of the shares of common stock by the selling stockholders and any other participating person. Regulation M may also restrict the ability of any person engaged in the distribution of the shares of common stock to engage in market-making activities with respect to the shares of common stock. All of the foregoing may affect the marketability of the shares of common stock and the ability of any person or entity to engage in market-making activities with respect to the shares of common stock.

We will pay all expenses of the registration of the shares of common stock pursuant to the registration rights agreements, estimated to be $1,996.75 in total, including, without limitation, Securities and Exchange Commission filing fees and expenses of compliance with state securities or “blue sky” laws; provided, however, that a selling stockholder will pay all underwriting discounts and selling commissions, if any. We will indemnify the selling stockholders against liabilities, including some liabilities under the Securities Act, in accordance with the registration rights agreements, or the selling stockholders will be entitled to contribution. We may be indemnified by the selling stockholders against civil liabilities, including liabilities under the Securities Act, that may arise from any written information furnished topassed upon for us by the selling stockholder specifically for use in this prospectus, in accordance with the related registration rights agreement, or we may be entitled to contribution.

Once sold under the shelf registration statement, of which this prospectus forms a part, the shares of common stock will be freely tradable in the hands of persons other than our affiliates.

LEGAL MATTERS

Haynes and Boone, LLP, New York, New York, will pass upon the validity of the shares of our common stock offered by the selling stockholders under this prospectus.York.

 

EXPERTS

 

OurThe financial statements as of December 31, 2018 and 2017 and for the years thenyear ended December 31, 2022 incorporated by reference in this prospectus by reference to the Annual Report on Form 10-Kregistration statement have been audited by Liggett & Webb, P.A.,Marcum LLP, an independent registered public accounting firm, as stated in itsthe report appearing in(the report on the registration statement, andfinancial statements contains an explanatory paragraph regarding the Company’s ability to continue as a going concern). Such financial statements are so incorporated by reference in reliance upon the report of such firm given upon itstheir authority as experts in accounting and auditing.

 

and for the year ended December 31, 2021 incorporated by reference in this registration statement have been audited by Friedman LLP, an independent registered public accounting firm, as stated in the report. Such financial statements are incorporated by reference in reliance upon the report of such firm given upon their authority as experts in accounting and auditing.

 

WHERE YOU CAN FIND ADDITIONALMORE INFORMATION

We are subject to the informational requirements of the Exchange Act, and in accordance therewith file annual, quarterly and current reports, proxy statements and other information with the SEC. The SEC maintains an internet website at www.sec.gov that contains periodic and current reports, proxy and information statements and other information regarding registrants that are filed electronically with the SEC.

These documents are also available, free of charge, through the Investors section of our website, which is located at www.biosig.com.

 

We have filed with the Securities and Exchange CommissionSEC a registration statement together with any amendments and related exhibits, under the Securities Act, with respectrelating to our sharesthe offering of common stock offered by this prospectus.these securities. The registration statement, including the attached exhibits, contains additional relevant information about us and our sharesthe securities. This prospectus does not contain all of common stock that the selling stockholders are offeringinformation set forth in this prospectus.

We are required to file annual, quarterly and current reports and other information with the Securities and Exchange Commission under the Exchange Act. Our Securities and Exchange Commission filings are available to the public over the Internet at the Securities and Exchange Commission’s website at http://www.sec.gov.registration statement. You may also requestcan obtain a copy of those filings, excluding exhibits, from usthe registration statement for free at no cost. Any such request should be addressed to us at: 12424 Wilshire Blvd Suite 745 Los Angeles, CA 90025, Attention: Kenneth L. Londoner, Chief Executive Officer.www.sec.gov. The registration statement and the documents referred to below under “Incorporation of Certain Information ByDocuments by Reference” are also available on our website, www.biosigtech.com.www.biosig.com.

 

We have not incorporated by reference into this prospectus the information on our website, and you should not consider it to be a part of this prospectus.

 

INCORPORATION OF CERTAIN INFORMATIONDOCUMENTS BY REFERENCE

 

The Securities and Exchange CommissionSEC allows us to “incorporate by reference” the information we have filed with it, which means that we can disclose important information to you by referring you to those documents. The information we incorporate by reference is an important part of this prospectus, and later information that we file with the Securities and Exchange CommissionSEC will automatically update and supersede this information. We incorporatespecifically are incorporating by reference the following documents listed belowfiled with the SEC (excluding those portions of any Current Report on Form 8-K that are furnished and any future documents (excluding information furnishednot deemed “filed” pursuant to Items 2.02 and 7.01the General Instructions of Form 8-K) we file with the Securities and Exchange Commission pursuant to Sections l3(a), l3(c), 14 or l5(d) of the Exchange Act subsequent to the date of this prospectus and prior to the termination of the offering::

 

Ourour Annual Report on Form 10-K for the year ended December 31, 2022, filed with the SEC on March 31, 2023;

our Quarterly Reports on Form 10-Q for the quarters ended March 31, 2023, June 30, 2023, and September 30, 2023, filed with the SEC on May 15, 2023, August 14, 2023, and November 14, 2023, respectively;
our Current Reports on Form 8-K filed with the SEC on January 17, 2023, January 17, 2023, January 24, 2023, January 26, 2023, February 7, 2023 (as amended on Form 8-K/A on February 7, 2023), February 8, 2023, February 9, 2023, February 13, 2023, February 22, 2023, March 16, 2023, March 29, 2023, April 21, 2023, May 22, 2023, June 30, 2023, July 21, 2023, July 31, 2023, August 18, 2023, September 5, 2023, September 12, 2023, September 12, 2023,September 15, 2023,September 27, 2023, October 16, 2023, November 1, 2023, November 2, 2023, November 7, 2023, November 8, 2023, November 13, 2023, December 5, 2023, December 18, 2023, December 22, 2023; and
the description of the Company’s common stock and warrants contained in the Form 8-A filed with the SEC on September 17, 2018, as amended by Exhibit 4.1 to our Annual Report on Form 10-K for the fiscal year ended December 31, 2018, filed with the Securities and Exchange Commission on March 15, 2019;

Our Quarterly Report on Form 10-Q for the quarter ended March 31, 2019, filed with the Securities and Exchange Commission on April 15, 2019;

Our Current Reports on Form 8-K filed with the SEC on February 11, 2019, March 6, 2019, and March 14, 2019, and May 22, 2019; and

The description of the Company’s common stock and warrants contained in the Form 8-A filed with the SEC on September 17, 2018,2022, including any amendments thereto or reports filed for the purposes of updating this description.

 

All filingsreports and definitive proxy or information statements subsequently filed by us pursuant to the Exchange Act after the date of thethis initial filing of this registration statement and prior to the effectiveness of suchthis registration statement (excludingby the Company pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act, but excluding information furnished pursuant to, Items 2.02 and 7.01 of Form 8-K)rather than filed with, the SEC, shall also be deemed to be incorporated by reference intoherein and to be a part hereof from the prospectus.date such documents are filed.

Any statement contained herein or in any document incorporated or deemed to be incorporated by reference shall be deemed to be modified or superseded for purposes of the registration statement of which this prospectus forms a part to the extent that a statement contained in any other subsequently filed document which also is or is deemed to be incorporated by reference modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed to constitute a part of the registration statement of which this prospectus forms a part, except as so modified or superseded.

 

You should rely only on the information incorporated by reference or provided in this prospectus. We have not authorized anyone else to provide you with different information. Any statement contained in a document incorporated by reference into this prospectus will be deemed to be modified or superseded for the purposes of this prospectus to the extent that a later statement contained in this prospectus or in any other document incorporated by reference into this prospectus modifies or supersedes the earlier statement. Any statement so modified or superseded will not be deemed, except as so modified or superseded, to constitute a part of this prospectus. You should not assume that the information in this prospectus is accurate as of any date other than the date of this prospectus or the date of the documents incorporated by reference in this prospectus.

 

We will provide without charge to each person to whom a copy of this prospectus is delivered, upon written or oral request, a copy of any or all of the reports or documentsinformation that havehas been incorporated by reference in this prospectus but not delivered with this prospectus (other than an exhibit to these filings, unless we have specifically incorporated that exhibit by reference in this prospectus). Any such request should be addressed to us at:

 

BioSig Technologies, Inc.

Attn: Chief Executive Officer

12424 Wilshire Blvd., Suite 745 55 Greens Farms Road, 1st Floor

Los Angeles, CA 90025 Westport, Connecticut 06880

(310) 620-9320(203) 409-5444

 

You may also access the documents incorporated by reference in this prospectus through our website at www.biosigtech.com.www.biosig.com. Except for the specific incorporated documents listed above, no information available on or through our website shall be deemed to be incorporated in this prospectus or the registration statement of which it forms a part.

To the extent that any statements contained in a document incorporated by reference are modified or superseded by any statements contained in this prospectus, such statements shall not be deemed incorporated in this prospectus except as so modified or superseded.

 

$75,000,000

 

COMMON STOCK

PREFERRED STOCK

WARRANTS

UNITS

PROSPECTUS

14

 

PART II

 

INFORMATION NOT REQUIRED IN PROSPECTUS

Item 14. Other Expenses of Issuance and Distribution.

Other Expenses of Issuance and Distribution

 

The following table sets forth the variousestimated costs and expenses payable by usthe registrant expected to be incurred in connection with the saleissuance and distribution of the securitiescommon stock being registered.registered hereby (other than underwriting discounts and commissions). All of such costs and expenses shall be borne by us. Exceptare estimates, except for the CommissionSEC registration fee alland FINRA fee.

  

Amount

to be Paid

 
SEC registration fee $9,340.74 
FINRA fee  5,012.62 
Printing fees and expenses  500.00 
Transfer agent and registrar fees  500.00 
Accounting fees and expenses  8,500.00 
Legal fees and expenses  150,000.00 
Miscellaneous  250.00
Total $174,103.35 

Each of the amounts shown are estimates.set forth above, other than the registration fee and FINRA fee, is an estimate.

  

Amount

to be Paid

 

Commission registration fee

 $1,996.75 

Legal fees and expenses

  5,000.00 

Accounting fees and expenses

  2,500.00 

Printing and miscellaneous expenses

  500.00 

Total

 $9,996.75 

Item 15. Indemnification of Directors and Officers.

Set forth below is a description of certain provisions of the Company’s Amended and Restated Certificate of Incorporation, as amended to date (the “Certificate of Incorporation”) and Amended and Restated Bylaws, as amended to date (the “Bylaws”), and the Delaware General Corporation Law (the “DGCL”). This description is intended as a summary only and is qualified in its entirety by reference to the Certificate of Incorporation, the Bylaws and the DGCL.

Limitation on Liability of Directors

Article IX of the Certificate of Incorporation limits the personal liability of directors to the Company or the Company’s stockholders for monetary damages for acts or omissions occurring in their capacity as directors, to the fully extent permitted by the laws of the State of Delaware and any other applicable law, as such laws currently exist and to such greater extent as they may provide in the future.

Indemnification and Insurance

Indemnification of Directors and Officers

 

Section 145 of the General Corporation Law of the State of DelawareDGCL provides, in general, that a corporation incorporated under the laws of the State of Delaware, as we are, may indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding (other than a derivative action by or in the right of the corporation) by reason of the fact that such person is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another enterprise, against expenses (including attorneys’ fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by such person in connection with such action, suit or proceeding if such person acted in good faith and in a manner such person reasonably believed to be in or not opposed to the best interests of the corporation and, with respect to any criminal action or proceeding, had no reasonable cause to believe such person’s conduct was unlawful. In the case of a derivative action, a Delaware corporation may indemnify any such person against expenses (including attorneys’ fees) actually and reasonably incurred by such person in connection with the defense or settlement of such action or suit if such person acted in good faith and in a manner such person reasonably believed to be in or not opposed to the best interests of the corporation, except that no indemnification will be made in respect of any claim, issue or matter as to which such person will have been adjudged to be liable to the corporation unless and only to the extent that the Court of Chancery of the State of Delaware or any other court in which such action was brought determines such person is fairly and reasonably entitled to indemnity for such expenses.

 

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The Certificate of Incorporation and Bylaws provide that we will indemnify our directors, officers, employees and agents to the extent and in the manner permitted by the provisions of the DGCL, as amended from time to time, subject to any permissible expansion or limitation of such indemnification, as may be set forth in any stockholders’ or directors’ resolution or by contract. Any repeal or modification of these provisions approved by our stockholders will be prospective only and will not adversely affect any limitation on the liability of any of our directors or officers existing as of the time of such repeal or modification.

We are also permitted to apply for and currently maintain, insurance on behalf of any director, officer, employee or other agent for liability arising out of his actions, whether or not the General Corporation Law of the State of DelawareDGCL would permit indemnification.

 

Item 16. Exhibits.

 

Item 16.

Exhibit

Exhibits and Financial Statement Schedules.

Exhibit No.

Description

Number

Description of Document

3.1

1.1*

Amended and Restated CertificateForm of IncorporationUnderwriting Agreement

4.1Common Stock Purchase Warrant of BioSig Technologies, Inc., dated November 20, 2019, issued to Mayo Foundation for Medical Education and Research (EP Software Warrant) (incorporated by reference to Exhibit 3.110.26 to the Form S-110-K filed on July 22, 2013)March 13, 2020)

3.2

4.2

Certificate of Amendment to the Amended and Restated Certificate of IncorporationCommon Stock Purchase Warrant of BioSig Technologies, Inc., dated November 20, 2019, issued to Mayo Foundation for Medical Education and Research (Tools Warrant) (incorporated by reference to Exhibit 3.210.27 to the Form S-110-K filed on July 22, 2013)March 13, 2020)

3.3

4.3

CertificateCommon Stock Purchase Warrant of Second Amendment to the Amended and Restated Certificate of Incorporation of BioSigNeuroClear Technologies, Inc., dated November 20, 2019, issued to Mayo Clinic Ventures (incorporated by reference to Exhibit 3.310.28 to the Form S-110-K filed on July 22, 2013)March 13, 2020)

3.4

4.4

CertificateForm of Third Amendment to the Amended and Restated Certificate of Incorporation of BioSig Technologies, Inc.Underwriter Warrant (incorporated by reference to Exhibit 3.5 to the Form S-1/A filed on January 21, 2014)

3.5

Certificate of Fourth Amendment to the Amended and Restated Certificate of Incorporation of BioSig Technologies, Inc. (incorporated by reference to Exhibit 3.6 to the Form S-1/A filed on March 28, 2014)

3.6

Certificate of Fifth Amendment to the Amended and Restated Certificate of Incorporation of BioSig Technologies, Inc. (incorporated by reference to Exhibit 3.14.1 to the Form 8-K filed on August 21, 2014)February 24, 2020)

3.7

4.5

CertificateForm of Sixth Amendment to the Amended and Restated Certificate of Incorporation of BioSig Technologies, Inc.Underwriter Warrant (incorporated by reference to Exhibit 3.14.1 to the Form 8-K filed on July 6, 2021)

4.6Form of Common Stock Purchase Warrant dated March 22, 2022 (incorporated by reference to Exhibit 4.1 to the Form 8-K filed on March 24, 2022)
4.7**Form of Consultant Warrant dated November 18, 2022
4.8Form of Common Stock Purchase Warrant dated December 27, 2022 (incorporated by reference to Exhibit 4.1 to the Form 8-K filed on December 28, 2022)
4.9Form of Common Stock Purchase Warrant dated January 24, 2023 (incorporated by reference to Exhibit 4.1 to the Form 8-K filed on January 24, 2023)
4.10Form of Common Stock Purchase Warrant dated January 13, 2023 (incorporated by reference to Exhibit 4.1 to the Form 8-K filed on January 17, 2023)
4.11Form of Common Stock Purchase Warrant dated January 26, 2023 (incorporated by reference to Exhibit 4.1 to the Form 8-K filed on January 26, 2023)
4.12Form of Laidlaw Warrant dated January 24, 2023 (incorporated by reference to Exhibit 4.1 to the Form 8-K filed on February 7, 2023)
4.13Form of Common Stock Purchase Warrant dated February 8, 2023 (incorporated by reference to Exhibit 4.1 to the Form 8-K filed on February 8, 2023)
4.14Form of Laidlaw Warrant dated January 13, 2023 (incorporated by reference to Exhibit 4.2 to the Form 8-K filed on February 8, 2023)
4.15Form of Laidlaw Warrant dated February 8, 2023 (incorporated by reference to Exhibit 4.3 to the Form 8-K filed on February 8, 2023)
4.16Form of Common Stock Purchase Warrant dated February 13, 2023 (incorporated by reference to Exhibit 4.1 to the Form 8-K filed on February 13, 2023)
4.17Form of Laidlaw Warrant dated March 16, 2023 (incorporated by reference to Exhibit 4.2 to the Form 8-K filed on March 15, 2023)
4.18Form of Common Stock Purchase Warrant dated March 16, 2023 (incorporated by reference to Exhibit 4.1 to the Form 8-K filed on March 15, 2023)

II-2

4.19Form of Laidlaw Warrant dated March 29, 2023 (incorporated by reference to Exhibit 4.2 to the Form 8-K filed on March 29, 2023)
4.20Form of Common Stock Purchase Warrant dated March 29, 2023 (incorporated by reference to Exhibit 4.1 to the Form 8-K filed on March 29, 2023)
4.21

Form of Common Stock Purchase Warrant dated April 21, 2023 (incorporated by reference to Exhibit 4.1 to the Form 8-K filed on April 21, 2023)

4.22Form of Laidlaw Warrant dated April 21, 2023 (incorporated by reference to Exhibit 4.2 to the Form 8-K filed on April 21, 2023)
4.23Form of Common Stock Purchase Warrant dated May 22, 2023 (incorporated by reference to Exhibit 4.1 to the Form 8-K filed on May 22, 2023)
4.24Form of Laidlaw Warrant dated May 22, 2023 (incorporated by reference to Exhibit 4.2 to the Form 8-K filed on May 22, 2023)
4.25Form of Common Stock Purchase Warrant dated July 31, 2023 (incorporated by reference to Exhibit 4.1 to the Form 8-K filed on July 31, 2023)
4.26Form of Laidlaw Warrant dated July 31, 2023 (incorporated by reference to Exhibit 4.2 to the Form 8-K filed on July 31, 2023)
4.27Form of Common Stock Purchase Warrant dated September 12, 2023 (incorporated by reference to Exhibit 4.1 to the Form 8-K filed on September 12, 2023)
4.28Form of Laidlaw Warrant dated September 12, 2023 (incorporated by reference to Exhibit 4.2 to the Form 8-K filed on September 12, 2023)
4.29Form of Common Stock Purchase Warrant dated September 27, 2023 (incorporated by reference to Exhibit 4.1 to the Form 8-K filed on September 27, 2023)
4.30Form of Laidlaw Warrant dated September 27, 2023 (incorporated by reference to Exhibit 4.2 to the Form 8-K filed on September 27, 2023)
4.31Form of Common Stock Purchase Warrant dated October 16, 2023 (incorporated by reference to Exhibit 4.1 to the Form 8-K filed on October 16, 2023)
4.32Form of Laidlaw Warrant dated October 16, 2023 (incorporated by reference to Exhibit 4.2 to the Form 8-K filed on October 16, 2023)
4.33Form of Series A Common Stock Purchase Warrant dated November 13, 2023 (incorporated by reference to Exhibit 4.1 to the Form 8-K filed on November 25, 2016)13, 2023)

3.8

4.34

Certificate of Designation of Preferences, Rights and LimitationsForm of Series D Convertible PreferredB Common Stock Purchase Warrant dated November 13, 2023 (incorporated by reference to Exhibit 3.14.2 to the Form 8-K filed on November 9, 2017)13, 2023)

3.9

4.35

BylawsForm of BioSig Technologies, Inc.Placement Agent Warrant dated November 13, 2023 (incorporated by reference to Exhibit 3.4 to the Form S-1 filed on July 22, 2013)

3.10

Certificate of Designation of Preferences, Rights and Limitations of Series E Convertible Preferred Stock (incorporated by reference to Exhibit 3.14.3 to the Form 8-K filed on February 16, 2018)November 13, 2023)

3.11

4.36*

CertificateForm of Seventh Amendment to the AmendedWarrant Agreement and Restated Certification of Incorporation of BioSig Technologies, Inc. (incorporated by reference to Exhibit 3.1 to the Form 8-K filed on September 10, 2018)

Warrant Certificate

5.1

4.37*

Form of Unit Agreement

5.1**Opinion of Haynes and Boone, LLP (filed herewith)

23.1

23.1**

Consent of Liggett & Webb, P.A. (filed herewith)Marcum LLP

23.2

23.2**

Consent of Friedman LLP

23.3**Consent of Haynes and Boone, LLP (included in Exhibit 5.1)

24.1

24.1**

Power of Attorney (included(contained in signature pages)

107**Filing Fee Exhibit

*To be filed as an exhibit to a Current Report of the registrant on signature page)

Form 8-K or other document to be incorporated herein by reference.
**Filed herewith.

 

II-3
II-2

 

Item 17. Undertakings.

Item 17.

Undertakings

 

(a) The undersigned registrant hereby undertakes:

 

(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:

 

(i) Toto include any prospectus required by sectionSection 10(a)(3) of the Securities Act of 1933;

 

(ii) Toto reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than 20 percent20% change in the maximum aggregate offering price set forth in the “Calculation of Filing Fee Tables” or “Calculation of Registration Fee” table, as applicable, in the effective registration statement.statement; and

 

(iii) Toto include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement;

 

provided, however, that the undertakings set forth in paragraphs (1)(i), (1)(ii) and (1)(iii) above do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the registrant pursuant to sectionSection 13 or section 15(d) of the Securities Exchange Act of 1934 that are incorporated by reference in the registration statement, or is contained in a form of prospectus filed pursuant to Rule 424(b) that is part of the registration statement.

 

(2) That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

 

(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.

 

(4) That, for the purpose of determining liability under the Securities Act of 1933 to any purchaser:

 

(i) If the registrant is relying on Rule 430B:430B (§230.430B of this chapter):

 

(A) Each prospectus filed by the registrant pursuant to Rule 424(b)(3) shall be deemed to be part of the registration statement as of the date the filed prospectus was deemed part of and included in the registration statement; and

 

(B) Each prospectus required to be filed pursuant to Rule 424(b)(2), (b)(5), or (b)(7) as part of a registration statement in reliance on Rule 430B relating to an offering made pursuant to Rule 415(a)(1)(i), (vii), or (x) for the purpose of providing the information required by sectionSection 10(a) of the Securities Act of 1933 shall be deemed to be part of and included in the registration statement as of the earlier of the date such form of prospectus is first used after effectiveness or the date of the first contract of sale of securities in the offering described in the prospectus. As provided in Rule 430B, for liability purposes of the issuer and any person that is at that date an underwriter, such date shall be deemed to be a new effective date of the registration statement relating to the securities in the registration statement to which that prospectus relates, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. Provided, however, , that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such effective date, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such effective date; or

date.

 

(ii) If the registrant is subject to Rule 430C, each prospectus filed pursuant to Rule 424(b) as part of a registration statement relating to an offering, other than registration statements relying on Rule 430B or other than prospectuses filed in reliance on Rule 430A, shall be deemed to be part of and included in the registration statement as of the date it is first used after effectiveness. Provided, however, , that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such first use, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such date of first use.

 

II-4

(5) That, for the purpose of determining liability of the registrant under the Securities Act of 1933 to any purchaser in the initial distribution of the securities:

Thesecurities, the undersigned registrant undertakes that in a primary offering of securities of the undersigned registrant pursuant to this registration statement, regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, the undersigned registrant will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser:

 

(i) Any preliminary prospectus or prospectus of the undersigned registrant relating to the offering required to be filed pursuant to Rule 424;

 

(ii) Any free writing prospectus relating to the offering prepared by or on behalf of the undersigned registrant or used or referred to by the undersigned registrant;

 

(iii) The portion of any other free writing prospectus relating to the offering containing material information about the undersigned registrant or its securities provided by or on behalf of the undersigned registrant; and

 

(iv) Any other communication that is an offer in the offering made by the undersigned registrant to the purchaser.

 

(6)(b) The undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each filing of the registrant’s annual report pursuant to sectionSection 13(a) or sectionSection 15(d) of the Securities Exchange Act of 1934 (and, where applicable, each filing of an employee benefit plan’s annual report pursuant to section 15(d) of the Securities Exchange Act of 1934) that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

 

(7)(c) Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.

 

(d) The undersigned registrant hereby undertakes that:

 

(1)For purposes of determining any liability under the Securities Act of 1933, the information omitted from the form of prospectus filed as part of this registration statement in reliance upon Rule 430A and contained in a form of prospectus filed by the registrant pursuant to Rule 424(b)(1) or (4) or 497(h) under the Securities Act shall be deemed to be part of this registration statement as of the time it was declared effective.
(2)For the purpose of determining any liability under the Securities Act of 1933, each post-effective amendment that contains a form of prospectus shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

II-5
II-4

 

SIGNATURES

 

Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Los Angeles,Westport, State of California,Connecticut, on the 31st day of May, 2019.December 28, 2023.

 

BIOSIG TECHNOLOGIES, INC.

BioSig Technologies, Inc.

By:

/s/ Kenneth L.L: Londoner

Name:

Name: Kenneth L. Londoner

Title:

Title: Chairman and Chief Executive Officer

 

POWER OF ATTORNEY

 

KNOW ALL MEN BY THESE PRESENTS, that we, the undersigned officersEach person whose signature appears below constitutes and directorsappoints each of BioSig Technologies, Inc., a Delaware corporation, do hereby constitute and appoint Kenneth L. Londoner asand Steven J. Buhaly, severally, each with full power to act alone and without the others, his or her true and lawful attorney-in-fact, and agent, with full power of substitution, and re-substitution, for him andwith the authority to execute in histhe name place, and stead, inof each such person, any and all capacities,amendments (including without limitation, post-effective amendments) to this registration statement on Form S-3, to sign any and all amendments (including post-effective amendments, exhibits thereto and other documents in connection therewith)additional registration statements relating to the same offering of securities as this Registration Statement and any subsequent registration statement that are filed by the registrant pursuant to Rule 462(b) of the Securities Act of 1933, as amended, which relates to this Registration Statement, and to file the same, with all exhibits thereto, and other documents in connection therewith,such registration statements with the Securities and Exchange Commission, granting unto saidtogether with any exhibits thereto and other documents therewith, necessary or advisable to enable the registrant to comply with the Securities Act of 1933, and any rules, regulations and requirements of the Securities and Exchange Commission in respect thereof, which amendments may make such other changes in the registration statement as the aforesaid attorney-in-fact and agent full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection therewith, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent, or his substitute or substitutes, may lawfully do or cause to be done by virtue hereof.executing the same deems appropriate.

 

Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated.

 

Signature

Title

Date

/s/ Kenneth L. Londoner

Chairman, Chief Executive Officer and Director (principal executive officer)

May 31, 2019

December 28, 2023

Kenneth L. Londoner

(Principal Executive Officer)

/s/ Steve Chaussy

Steven J. Buhaly

Chief Financial Officer (principal financial and accounting officer)

May 31, 2019

December 28, 2023

Steve Chaussy

Steven J. Buhaly

(Principal Financial Officer and Principal Accounting Officer)

/s/ James J. Barry

DirectorDecember 28, 2023
James J. Barry
/s/ Frederick D. HrkacDirectorDecember 28, 2023
Frederick D. Hrkac
/s/ David Weild IVDirectorDecember 28, 2023
David Weild IV
/s/ Patrick J. GallagherDirectorDecember 28, 2023
Patrick J. Gallagher
/s/ Donald E. Foley

Director

May 31, 2019

December 28, 2023

Donald E. Foley

/s/ Patrick J. Gallagher

Director

May 31, 2019

Patrick J. Gallagher

/s/ Jerome B. Zeldis

Director

May 31, 2019

Jerome B. Zeldis

/s/ Jeffrey F. O’Donnell, Sr.

Director

May 31, 2019

Jeffrey F. O’Donnell, Sr.

/s/ Andrew L. Filler

Director

May 31, 2019

Andrew L. Filler

/s/ David Weild IV

Director

May 31, 2019

David Weild IV

 

/s/ James L. KleinDirectorDecember 28, 2023
James L. Klein

 

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