Item 2.01. Completion of Acquisition or Disposition of Assets.
On November 29, 2010, Vycor Medical, Inc. ("Vycor" or the "Company") completed its acquisition (the "Acquisition") of substantially all of the assets of NovaVision, Inc., a company that had been in the business of researching, developing and providing medical technologies to restore the vision of patients with neurological visual loss ("NovaVision"). The Acquisition was made pursuant to an Asset Purchase Agreement (the "Purchase Agreement"), dated November 5, 2010, between Vycor and Michael R. Bakst, the Chapter 7 trustee of NovaVision. The purchase price for the Acquisition was $900,000 in cash.
The foregoing description of the terms of the Acquisition is qualified by reference to the Purchase Agreement, which is incorporated herein by reference to Vycor's Current Report on Form 8-K filed on November 12, 2010.
Item 9.01. Financial Statements and Exhibits.
(a) Financial Statements of Business Acquired
The financial statements required by this item are not included in this Current Report on form 8-K. The financial statements will be provided in an amended report, which will be filed not later than 71 calendar days after the date that this initial report on Form 8-K must be filed.
(b) Pro Forma Financial Information
The pro forma financial information required by this item is not included in this Current Report on form 8-K. The pro forma financial information will be provided in an amended report, which will be filed not later than 71 calendar days after the date that this initial report on Form 8-K must be filed.
(d) Exhibits
None