UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Post Effective Amendment No. 2 to
FORM S-1
REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933
__________________
VYCOR MEDICAL, INC.
(Exact Name of Registrant as Specified in its Charter)
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Delaware | | 333-176713 | | 20-3369218 |
(State or Other Jurisdiction of Incorporation) | | (Commission File No.) | | (I.R.S. Employer Identification No.) |
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6401 Congress Ave. Suite 140, Boca Raton, FL | | 33487 |
(Address of Principal Executive Offices) | | (Zip Code) |
Registrant’s telephone number, including area code: (561) 558-2000
n/a
(Former name or former address, if changed since last report)
Approximate date of proposed sale to the public: From time to time after this Registration Statement becomes effective.
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.[X]
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 post-effective amendment filed pursuant to Rule 462(d) 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 delivery of the prospectus is expected to be made pursuant to Rule 434, please check the following box. [ ]
CALCULATION OF REGISTRATION FEE
| | | | | | | | | | | | | | | | |
Title of each class of securities to be registered | | | Amount to be registered | | | | Proposed maximum offering price per share(1) | | | | Proposed maximum aggregate offering price | | | | Amount of registration fee | |
Common Stock, $0.0001 par value | | | 93,602,221 | | | $ | 0.04 | | | $ | 3,744,089 | | | $ | 435.38 | |
Total | | | 93,602,221 | | | $ | 0.04 | | | $ | 3,744,089 | | | $ | 435,38 | |
______________
(1)Estimated solely for the purpose of calculating the registration fee in accordance with Rule 457(e) under the Securities Act of 1933.
The registrant hereby amends this registration statement on such date or dates as may be necessary to delay its effective date until the registrant shall file a further amendment which specifically states that this registration statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933 or until the registration statement shall become effective on such date as the Commission, acting pursuant to said Section 8(a), may determine.
Neither the Securities Exchange Commission nor any state securities commissions have approved or disapproved of these securities or passed upon the adequacy of the Prospectus. Any representation to the contrary is a criminal offense.
EXPLANATORY NOTE
Vycor Medical, Inc., a Delaware corporation (the “Company”), filed a Registration Statement on September 7, 2011, on Form S-1, and subsequent amendments (the “Original Registration Statement”) (SEC File Number 333-176713), which was declared effective November 10, 2011, for the purpose of registering 93,602,221 shares of common stock par value $0.0001offered for sale by selling shareholders (the “Offering”) under the Securities Act of 1933.
On September 6, 2012, the Company filed a Post-Effective Amendment No. 1 to the Original Registration Statement on Form S-1 contained an updated prospectus relating to the offering and sale of shares of common stock declared effective by the Securities and Exchange Commission on November 10, 2011.
The purpose of this Post-Effective Amendment No. 2 is solely to amend Exhibits 5.1 and 23.1 which were included in Post-Effective Amendment No. 1. All matters included in Part I of Post-Effective Amendment No. 1 remain unchanged. As a result, this filing includes only Part II of the Post-Effective Amendment and the only matter which is changed from Post-Effective Amendment No. 1 are Exhibits 5.1 and 23.1.
PART II
INFORMATION NOT REQUIRED IN PROSPECTUS
Item 13. Other Expenses of Issuance and Distribution
Although we will receive no proceeds from the sale of shares pursuant to this prospectus, we have agreed to bear the costs and expenses of the registration of the shares. Our expenses in connection with the issuance and distribution of the securities being registered are estimated as follows:
| | |
Nature of expense | | Amount |
SEC Registration fee | | $ | 435.00 | |
Accounting fees and expenses | | $ | 7,500.00 | |
Legal fees and expenses | | $ | 7,500.00 | |
Printing expenses | | $ | 3,000.00 | |
Miscellaneous | | $ | 1,000.00 | |
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TOTAL | | $ | 19,435.00 | |
All amounts are estimates other than the Securities and Exchange Commission’s registration fee. We are paying all expenses of the offering listed above through advances to the Company by the Company’s founding shareholders. No portion of these expenses will be borne by the selling shareholders. The selling shareholders, however, will pay any other expenses incurred in selling their common stock, including any brokerage commissions or costs of sale.
Item 14. Indemnification of Directors and Officers
Pursuant to our Certificate of Incorporation and By-Laws, we may indemnify an officer or director who is made a party to any proceeding, including a lawsuit, because of his position, if he acted in good faith and in a manner he reasonably believed to be in our best interest. In certain cases, we may advance expenses incurred in defending any such proceeding. To the extent that the officer or director is successful on the merits in any such proceeding as to which such person is to be indemnified, we must indemnify him against all expenses incurred, including attorney’s fees. With respect to a derivative action, indemnity may be made only for expenses actually and reasonably incurred in defending the proceeding, and if the officer or director is judged liable, only by a court order. The prior discussion of indemnification in this paragraph is intended to be to the fullest extent permitted by the laws of the State of Delaware.
Indemnification for liabilities arising under the Securities Act of 1933, as amended, may be permitted to directors or officers pursuant to the foregoing provisions. However, we are informed that, in the opinion of
the Commission, such indemnification is against public policy, as expressed in the Act and is, therefore, unenforceable.
Item 15. Recent Sales of Unregistered Securities
Below is a list of securities sold by us from January 1, 2010 to the present date which were not registered under the Securities Act.
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Name of Purchaser | Date of Sale | | Title of Security | | Amount of Securities Sold | | Consideration | | |
Fountainhead Capital Management Limited | January 11, 2010 | | | Common Stock | | | | 531,376,500 | | | | Debenture Exchange | | | | | |
Jodi Yeager | January 11, 2010 | | | Common Stock | | | | 4,000,000 | | | | Debenture Conv | | | | | |
Panamerica Capital Group, Inc. | January 11, 2010 | | | Common Stock | | | | 8,787,600 | | | | Debenture Conv | | | | | |
Hyperlink Media, LLC | January 11, 2010 | | | Common Stock | | | | 9,187,600 | | | | Debenture Conv | | | | | |
Karen Ginder | January 11, 2010 | | | Common Stock | | | | 10,320,000 | | | | Debenture Conv | | | | | |
Accessible Development Corp. | January 11, 2010 | | | Common Stock | | | | 4,000,000 | | | | Debenture Conv | | | | | |
Altitude Group, LLC | January 11, 2010 | | | Common Stock | | | | 16,000,000 | | | | Debenture Conv | | | | | |
Mario Zachariou | January 11, 2010 | | | Common Stock | | | | 6,000,000 | | | | Debenture Conv | | | | | |
Anthony Cantor | January 11, 2010 | | | Common Stock | | | | 6,000,000 | | | | Debenture Conv | | | | | |
SLJ Consulting Corp | January 12, 2010 | | | Series B. Pref | | | | 80,000 | | | | $80,000 | | | | | |
Joseph Simone | January 12, 2010 | | | Series B. Pref | | | | 80,000 | | | | $35,000 | | | | | |
Steven Girgenti | February 23, 2010 | | | Common Stock | | | | 800,000 | | | | Professional services | | | | | |
Kenneth D. Watkins | March 11, 2010 | | | Series B. Pref | | | | 25,000 | | | | $25,000 | | | | | |
Jane G. Ellis | April, 2010 | | | Common Stock | | | | 6,666,667 | | | | $100,000 | | | | | |
Gregory Sichenzia | April 2010 | | | Common Stock | | | | 934,986 | | | | Professional Services | | | | | |
Joe Simone | April 2010 | | | Common Stock | | | | 750,000 | | | | Professional services | | | | | |
Myles F. Wittenstein | May 2010 | | | Common Stock | | | | 3,300,000 | | | | $49,500 | | | | | |
Guri Dauti | May 2010 | | | Common Stock | | | | 2,333,333 | | | | $35,000 | | | | | |
Stanley Katz | May 2010 | | | Common Stock | | | | 3,000,000 | | | | $45,000 | | | | | |
Stanley Katz | May 2010 | | | Common Stock | | | | 3,000,000 | | | | $45,000 | | | | | |
Duane John Renfro | May 2010 | | | Common Stock | | | | 3,333,333 | | | | $50,000 | | | | | |
Glenn Fleischacker | May 2010 | | | Common Stock | | | | 3,333,333 | | | | $50,000 | | | | | |
Datavision Computer Video, Inc. | May 2010 | | | Common Stock | | | | 1,666,667 | | | | $25,000 | | | | | |
Thomas Ambrose | May 2010 | | | Common Stock | | | | 3,333,333 | | | | $50,000 | | | | | |
Jack Lens | May 2010 | | | Common Stock | | | | 3,333,333 | | | | $50,000 | | | | | |
| | | | | | | | | | | | | | | | |
IRA Services Trust Company | May 2010 | | | Common Stock | | | | 13,333,333 | | | | $200,000 | | | | | |
Falcon Partners BVBA | May 2010 | | | Common Stock | | | | 3,333,333 | | | | $50,000 | | | | | |
Konstantin Slavin | July 2010 | | | Common Stock | | | | 262,500 | | | | Professional services | | | | | |
Ramon Rak | July 2010 | | | Common Stock | | | | 300,000 | | | | Professional Services | | | | | |
Steven Girgenti | July 2010 | | | Common Stock | | | | 250,000 | | | | Professional services | | | | | |
Sal & Kathryn DeMarco | July 2010 | | | Common Stock | | | | 4,241,072 | | | | $76,250 | | | | | |
Jarvis D & Molly Littlefield | August 2010 | | | Common Stock | | | | 2,857,143 | | | | $50,000 | | | | | |
Berardino Investment Group | August 2010 | | | Common Stock | | | | 1,428,571 | | | | $25,000 | | | | | |
Panayiotis Panayiotou | August 2010 | | | Common Stock | | | | 571,429 | | | | $10,000 | | | | | |
Simon Becker | August 2010 | | | Common Stock | | | | 6,285,714 | | | | $110,000 | | | | | |
Richard H. Lawson | September 2010 | | | Common Stock | | | | 1,428,571 | | | | $25,000 | | | | | |
SLJ Consulting | September 2010 | | | Common Stock | | | | 6,548,515 | | | | Preferred Conversion | | | | | |
Joe Simone | September 2010 | | | Common Stock | | | | 3,139,463 | | | | Preferred Conversion | | | | | |
Kenny Watkins | September 2010 | | | Common Stock | | | | 2,080,219 | | | | Preferred Conversion | | | | | |
Sal & Kathryn DeMarco | October 2010 | | | Common Stock | | | | 2,285,714 | | | | $40,000 | | | | | |
Sal & Kathryn DeMarco | November 2010 | | | Common Stock | | | | 1,714,286 | | | | $30,000 | | | | | |
Steven Girgenti | November 2010 | | | Common Stock | | | | 250,000 | | | | Professional services | | | | | |
Myles F. Wittenstein | November 2010 | | | Common Stock | | | | 2,631,579 | | | | $50,000 | | | | | |
Brunella Jacs LLC | November 2010 | | | Common Stock | | | | 2,631,579 | | | | $50,000 | | | | | |
Dr. Sam Fox | November 2010 | | | Common Stock | | | | 2,631,579 | | | | $50,000 | | | | | |
Neil A. Weiss | December 2010 | | | Common Stock | | | | 5,263,158 | | | | $100,000 | | | | | |
Stephen Nicholas Bunzl | December 2010 | | | Common Stock | | | | 7,894,737 | | | | $150,000 | | | | | |
Peter Lawrence | December 2010 | | | Common Stock | | | | 2,631,579 | | | | $50,000 | | | | | |
Stephen Rathkopf | January 2011 | | | Common Stock | | | | 1,000,000 | | | | $19,000 | | | | | |
Steven Girgenti | January 2011 | | | Common Stock | | | | 250,000 | | | | Professional services | | | | | |
Datavision Computer Video, Inc. | February 2011 | | | Common Stock | | | | 1,315,789 | | | | $25,000 | | | | | |
Dr. Wayne Fleischacker | February 2011 | | | Common Stock | | | | 5,263,158 | | | | $100,000 | | | | | |
Jerrald Ginder | April 2011 | | | Common Stock | | | | 18,000,000 | ** | | | $360,000 | | | | | |
Ilex Investments, LP | April 2011 | | | Common Stock | | | | 8,888,888 | | | | $200,000 | | | | | |
Carol Tambor | April 2011 | | | Common Stock | | | | 2,222,222 | | | | $50,000 | | | | | |
Neil Weiss | April 2011 | | | Common Stock | | | | 4,444,444 | | | | $100,000 | | | | | |
Myles Wittenstein | April 2011 | | | Common Stock | | | | 2,222,222 | | | | $50,000 | | | | | |
Duane John Renfro | April 2011 | | | Common Stock | | | | 2,222,222 | | | | $50,000 | | | | | |
Stephen Nicholas Bunzl | April 2011 | | | Common Stock | | | | 2,222,222 | | | | $50,000 | | | | | |
Jack Lens | April 2011 | | | Common Stock | | | | 2,222,222 | | | | $50,000 | | | | | |
Robert Crames | May 2011 | | | Common Stock | | | | 2,222,222 | | | | $50,000 | | | | | |
Sal & Kathryn DeMarco | May 2011 | | | Common Stock | | | | 1,111,111 | | | | $25,000 | | | | | |
| | | | | | | | | | | | | | | | |
Steven Girgenti | May 2011 | | | Common Stock | | | | 222,222 | | | | Professional Services | | | | | |
Maurice Reissman | May 2011 | | | Common Stock | | | | 4,444,444 | | | | $100,000 | | | | | |
GreenBridge Capital Partners IV, LLC | June 2011 | | | Common Stock | | | | 15,500,000 | | | | Consulting Services | | | | | |
Matthew Balk | June 2011 | | | Common Stock | | | | 700,000 | | | | Financial Advisory Services | | | | | |
Jason Adelman | June 2011 | | | Common Stock | | | | 200,000 | | | | Financial Advisory Services | | | | | |
Daniel Schneiderman | June 2011 | | | Common Stock | | | | 100,000 | | | | Financial Advisory Services | | | | | |
Dashka Solanky | June 2011 | | | Common Stock | | | | 888,889 | | | | $20,000 | | | | | |
Berardino Investment Group | June 2011 | | | Common Stock | | | | 2,167,902 | | | | Debenture Conversion | | | | | |
Jerrald Ginder | June 2011 | | | Common Stock | | | | 2,666,667 | ** | | | Debt Conversion | | | | | |
Alvaro Pascale Leone | August 2011 | | | Common Stock | | | | 78,300 | | | | Services | | | | | |
Steven Girgenti | August 2011 | | | Common Stock | | | | 154,600 | | | | Professional Services | | | | | |
McCombie Group, LLC | August 2011 | | | Common Stock | | | | 428,571 | | | | Consulting Services | | | | | |
MKM Opportunity Master Fund, Ltd | June 7, 2011 | | | Series C Preferred Stock | | | | 3.0 | * | | | $250,000 | | | | | |
Andrew Mitchell | June 7, 2011 | | | Series C Preferred Stock | | | | .5 | * | | | $25,000 | | | | | |
Matthew Balk | June 7, 2011 | | | Series C Preferred Stock | | | | .8 | * | | | $40,000 | | | | | |
Daniel Balk | June 7, 2011 | | | Series C Preferred Stock | | | | 1.1 | * | | | $55,000 | | | | | |
David Balk | June 7, 2011 | | | Series C Preferred Stock | | | | 1.1 | * | | | $55,000 | | | | | |
Daniel Schneiderman | June 7, 2011 | | | Series C Preferred Stock | | | | .45 | * | | | $22,500 | | | | | |
Jonathan Balk | June 7, 2011 | | | Series C Preferred Stock | | | | .5 | * | | | $25,000 | | | | | |
Richard L. Hoffman | June 7, 2011 | | | Series C Preferred Stock | | | | .45 | * | | | $22,500 | | | | | |
Robert I and Sandra S Neborsky Living Trust | June 7, 2011 | | | Series C Preferred Stock | | | | 2.0 | * | | | $100,000 | | | | | |
Skriloff Family Irrevocable Trust F/B/O Samuel Skriloff | June 7, 2011 | | | Series C Preferred Stock | | | | .1 | * | | | $5,000 | | | | | |
Skriloff Family Irrevocable Trust F/B/O Olivia Skriloff | June 7, 2011 | | | Series C Preferred Stock | | | | .1 | * | | | $5,000 | | | | | |
Jason Adelman | June 7, 2011 | | | Series C Preferred Stock | | | | 1.8 | * | | | $90,000 | | | | | |
| | | | | | | | | | | | | | | | |
Robert and Amy Bernstein | June 7, 2011 | | | Series C Preferred Stock | | | | .5 | * | | | $25,000 | | | | | |
Dick F. Chase, Jr. | June 7, 2011 | | | Series C Preferred Stock | | | | 2 | * | | | $100,000 | | | | | |
Boris and Alexandra Smirnov | June 7, 2011 | | | Series C Preferred Stock | | | | 2 | * | | | $100,000 | | | | | |
Nadegda Kassatkina | June 7, 2011 | | | Series C Preferred Stock | | | | 2 | * | | | $100,000 | | | | | |
Irina Pavlova | June 7, 2011 | | | Series C Preferred Stock | | | | 1 | * | | | $50,000 | | | | | |
Jeffrey J and Jennifer S. Clayton | June 7, 2011 | | | Series C Preferred Stock | | | | 1 | * | | | $50,000 | | | | | |
Greenbridge Capital Partners IV, LLC | June 7, 2011 | | | Series C Preferred Stock | | | | 1.5 | * | | | 75,000 | | | | | |
Core Capital IV Trust | June 7, 2011 | | | Series C Preferred Stock | | | | 1.5 | * | | | $75,000 | | | | | |
Rolant Investments Limited | June 7, 2011 | | | Series C Preferred Stock | | | | 6 | * | | | $300,000 | | | | | |
David Wiener | June 28, 2011 | | | Series C Preferred Stock | | | | 1 | * | | | $50,000 | | | | | |
One East Partners Opportunity L.P. | June 28, 2011 | | | Series C Preferred Stock | | | | 2.7 | * | | | $135,000 | | | | | |
One East Partners Master L.P. | June 28, 2011 | | | Series C Preferred Stock | | | | 5.3 | * | | | $265,000 | | | | | |
Narang Family Partnership, LP | June 28, 2011 | | | Series C Preferred Stock | | | | .5 | * | | | $25,000 | | | | | |
Hugh Scott Campbell | June 28, 2011 | | | Series C Preferred Stock | | | | .2 | * | | | $10,000 | | | | | |
Fraser Campbell | June 28, 2011 | | | Series C Preferred Stock | | | | .2 | * | | | $10,000 | | | | | |
Sean Campbell | June 28, 2011 | | | Series C Preferred Stock | | | | .5 | * | | | $25,000 | | | | | |
Dr. Wayne Fleischacker | June 28, 2011 | | | Series C Preferred Stock | | | | 2 | * | | | $100,000 | | | | | |
Dr. Glenn Fleischacker | June 28, 2011 | | | Series C Preferred Stock | | | | 1 | * | | | $50,000 | | | | | |
Jane Ellis | June 28, 2011 | | | Series C Preferred Stock | | | | 2 | * | | | $100,000 | | | | | |
| | | | | | | | | | | | | | | | |
Duane Renfro | August 4, 2011 | | | Series C Preferred Stock | | | | 1 | * | | | $50,000 | | | | | |
Guri Dauti | August 4, 2011 | | | Series C Preferred Stock | | | | 1 | * | | | $50,000 | | | | | |
Matteo Joseph Rosselli | August 4, 2011 | | | Series C Preferred Stock | | | | 1 | * | | | $50,000 | | | | | |
Sarah Benveniste | August 4, 2011 | | | Series C Preferred Stock | | | | 1 | * | | | $50,000 | | | | | |
Steven Reichbach | August 4, 2011 | | | Series C Preferred Stock | | | | 1 | * | | | $50,000 | | | | | |
Dr. Glenn Fleischacker | August 4, 2011 | | | Series C Preferred Stock | | | | 1 | * | | | $50,000 | | | | | |
Myles Wittenstein | August 4, 2011 | | | Series C Preferred Stock | | | | 1 | * | | | $50,000 | | | | | |
Neil Weiss | August 4, 2011 | | | Series C Preferred Stock | | | | 1 | * | | | $50,000 | | | | | |
Randolf Kahn | August 4, 2011 | | | Series C Preferred Stock | | | | 1 | * | | | $50,000 | | | | | |
Dr. Wayne Fleischacker | August 4, 2011 | | | Series C Preferred Stock | | | | 2 | * | | | $100,000 | | | | | |
Marc S Cohen | August 4, 2011 | | | Series C Preferred Stock | | | | 2.2 | * | | | $110,000 | | | | | |
| | | | | | | | | | | | | | | | |
Steven Girgenti | November 4, 2011 | | | Common Stock | | | | 166,667 | | | | Professional Services | | | | | |
Alvaro Pascual-Leone, M.D. | November 4, 3011 | | | Common Stock | | | | 104,167 | | | | Professional Services | | | | | |
Joseph Simone | November 15, 2011 | | | Common Stock | | | | 510,000 | | | | Consulting Services | | | | | |
Fountainhead Capital Management Limited | December 20, 2011 | | | Common Stock | | | | 402,965 | | | | Exercise of Warrant | | | | | |
University of Aberdeen | January 19, 2012 | | | Common Stock | | | | 4,448,500 | | | | Purchase of Sight Science, Ltd. | | | | | |
Prof. Arash Sahraie | January 19, 2012 | | | Common Stock | | | | 9,901,500 | | | | Purchase of Sight Science, Ltd. | | | | | |
Steven Girgenti | January 20, 2012 | | | Common Stock | | | | 222,222 | | | | Professional Services | | | | | |
Jason J. S. Barton | January 20, 2012 | | | Common Stock | | | | 138,890 | | | | Professional Services | | | | | |
Jose Romano | January 20, 2012 | | | Common Stock | | | | 138,890 | | | | Professional Services | | | | | |
Oscar Bronsther, M.D. | January 20, 2012 | | | Common Stock | | | | 96,620 | | | | Professional Services | | | | | |
Alvaro Pascual-Leone, M.D. | March 19, 2012 | | | Common Stock | | | | 138,890 | | | | Professional Services | | | | | |
| | | | | | | | | | | | | | | | |
Jason J. S. Barton | April 18, 2012 | | | Common Stock | | | | 138,890 | | | | Professional Services | | | | | |
Jose Romano | April 18, 2012 | | | Common Stock | | | | 138,890 | | | | Professional Services | | | | | |
Brunella Jacs, LLC | April 26, 2012 | | | Common Stock | | | | 1,333,333 | | | | Consulting Services | | | | | |
Steven Girgenti | April 27, 2012 | | | Common Stock | | | | 222,222 | | | | Professional Services | | | | | |
Oscar Bonsther, M.D. | April 27, 2012 | | | Common Stock | | | | 222,222 | | | | Professional Services | | | | | |
Alvaro Pascual-Leone, M.D. | May 8, 2012 | | | Common Stock | | | | 138,890 | | | | Professional Services | | | | | |
Prof. Dr. Josef Zihl | May 8, 2012 | | | Common Stock | | | | 138,890 | | | | Professional Services | | | | | |
Glenn Tomalty | May 29, 2012 | | | Common Stock | | | | 2,222,222 | | | | $50,000 | | | | | |
Millennium Trust Co., LLC | June 20, 2012 | | | Common Stock | | | | 1,111,111 | | | | $25,000 | | | | | |
Peter Bubenzer | June 25, 2012 | | | Common Stock | | | | 2,000,000 | | | | $45,000 | | | | | |
Steven Girgenti | July 3, 2012 | | | Common Stock | | | | 222,222 | | | | Professional Services | | | | | |
Oscar Bronsther, M.D. | July 3, 2012 | | | Common Stock | | | | 222,222 | | | | Professional Services | | | | | |
Jason J. S. Barton | July 3, 2012 | | | Common Stock | | | | 138,890 | | | | Professional Services | | | | | |
Jose Romano | July 3, 2012 | | | Common Stock | | | | 138,890 | | | | Professional Services | | | | | |
Robert J. Koch | July 25, 2012 | | | Common Stock | | | | 2,222,222 | | | | $50,000 | | | | | |
* Units comprising one share of Series C Convertible Preferred Stock convertible into 2,222,222 shares of common stock and a warrant to purchase 1,111,111 shares of common stock at $0.0225 per share.
** On August 7, 2012, the Company and Mr. Ginder reached a Settlement and Mutual General Release Agreement relative to the Consulting Agreement whereby it was acknowledged by all parties that the Consulting Agreement expired as of April 1, 2012 and that Mr. Ginder would cause to be delivered to the Company 20,666,667 shares of Company common stock previously issued to Mr. Ginder in consideration of a full settlement of performance and amounts due under the Consulting Agreement and a mutual general release among the parties.
The securities issued in the abovementioned transactions were issued in connection with private placements exempt from the registration requirements of Section 5 of the Securities Act of 1933, as amended, pursuant to the terms of Section 4(2) of that Act and Rule 506 of Regulation D.
Item 16. Exhibits
| |
Exhibit No. | Description |
3.1(a) | Certificate of Incorporation of Vycor Medical, Inc. (previously filed) |
3.1(b) | Certificate of Amendment to Certificate of Incorporation of Vycor Medical, Inc. dated as of January 11, 2010 (previously filed) |
31.(c) | Certificate of Amendment to Certificate of Incorporation of Vycor Medical, Inc. dated as of July 20, 2010 (previously filed) |
3.2 | Bylaws of Vycor Medical, Inc. (previously filed) |
5.1 | Legal Opinion of Legal Robert Diener, Esq. |
23.1 | Legal Opinion of Legal Robert Diener, Esq. (included with Exhibit 5.1) |
23.2 | Consent of Independent Auditors (previously filed) |
Item 17. Undertakings
The undersigned registrant hereby undertakes:
To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:
i.
To include any prospectus required by section 10(a)(3) of the Securities Act of 1933;
ii.
To 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% change in the maximum aggregate offering price set forth in the “Calculation of Registration Fee” table in the effective registration statement.
iii.
To 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:
A. Paragraphs (a)(1)(i) and (a)(1)(ii) of this section do not apply if the registration statement is on Form S-8, and 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 section 13 or section 15(d) of the Securities Exchange Act of 1934 that are incorporated by reference in the registration statement; and
B.
Paragraphs (a)(1)(i), (a)(1)(ii) and (a)(1)(iii) of this section do not apply if the registration statement is on Form S-3 or Form F-3 and 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 section 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.
If the registrant is a foreign private issuer, to file a post-effective amendment to the registration statement to include any financial statements required by Item 8.A. of Form 20-F at the start of any delayed offering or throughout a continuous offering. Financial statements and information otherwise required by Section 10(a)(3) of the Act need not be furnished,provided that the registrant includes in the prospectus, by means of a post-effective amendment, financial statements required pursuant to this paragraph (a)(4) and other information necessary to ensure that all other information in the prospectus is at least as current as the date of those financial statements. Notwithstanding the foregoing, with respect to registration statements on Form F-3, a post-effective amendment need not be filed to include financial statements and information required by Section 10(a)(3) of the Act or Rule 3-19 of this chapter if such financial statements and information are contained in periodic reports filed with or furnished to the Commission by the registrant pursuant to section 13 or section 15(d) of the Securities Exchange Act of 1934 that are incorporated by reference in the Form F-3.
5.
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:
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 section 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
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.
6.
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: 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.
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the registrant has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized in the City of Boca Raton in the State of Florida on the 20th day of September, 2012.
| | | | | | |
| | | | | Vycor Medical, Inc. | |
| | | | | (Registrant) | |
| | By: | | | | |
| | | | | /s/ David Cantor | |
| | | | | ________________________ | |
| | | | | David Cantor | |
| | | | | President and Director (Principal Executive Officer) | |
| | Date | | | | |
| | | | | September 20, 2012 | |
| | By: | | | | |
| | | | | /s/ Adrian Liddell | |
| | | | | ________________________ | |
| | | | | Adrian Liddell | |
| | | | | Chairman of the Board and Director | |
| | | | | (Principal Financial and Accounting Officer) | |
| | Date | | | | |
| | | | | September 20, 2012 | |
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following person on behalf of the registrant and in the capacity and on the date indicated.
| | | | | | | | |
| | | | By: | | | | |
| | | | | | | /s/ David Cantor | |
| | | | | | | ________________________ | |
| | | | | | | David Cantor | |
�� | | | | | | | President and Director (Principal Executive Officer) | |
| | | | Date | | | | |
| | | | | | | September 20, 2012 | |
| | | | By: | | | | |
| | | | | | | /s/ Heather Vinas | |
| | | | | | | ________________________ | |
| | | | | | | Heather Vinas | |
| | | | | | | Director | |
| | | | Date | | | | |
| | | | | | | September 20, 2012 | |
| | | | By: | | | | |
| | | | | | | /s/ Pascale Mangiardi | |
| | | | | | | _________________________ | |
| | | | | | | Pascale Mangiardi | |
| | | | | | | Director | |
| | | | Date | | | | |
| | | | | | | September 20, 2012 | |
| | | | By: | | | | |
| | | | | | | /s/ Steven Girgenti | |
| | | | | | | _________________________ | |
| | | | | | | Steven Girgenti | |
| | | | | | | Director | |
| | | | Date | | | | |
| | | | | | | September 20, 2012 | |
| | | | By: | | | | |
| | | | | | | /s/ Adrian Christopher Liddell | |
| | | | | | | _________________________ | |
| | | | | | | Adrian Christopher Liddell | |
| | | | | | | Chairman of the Board and Director (Principal Financial and Accounting Officer) | |
| | | | Date | | | | |
| | | | | | | September 20, 2012 | |
| | | | By: | | | | |
| | | | | | | /s/ Richard P. Denness | |
| | | | | | | _________________________ | |
| | | | | | | Richard P. Denness | |
| | | | | | | Chief Executive Officer and Director | |
| | | | Date | | | | |
| | | | | | | September 20, 2012 | |
| | | | By: | | | | |
| | | | | | | /s/ Peter C. Zachariou | |
| | | | | | | _________________________ | |
| | | | | | | Peter C. Zachariou | |
| | | | | | | Executive Vice President and Director | |
| | | | Date | | | | |
| | | | | | | September 20, 2012 | |
| | | | | | | | |
| | | | | | | /s/ Oscar Bronsther, M.D. | |
| | | | | | | _________________________ Oscar Bronsther, M.D. Director | |
| | | | Date | | | | |
| | | | | | | September 20, 2012 | |
EXHIBIT LIST
| |
Exhibit No. | Description |
3.1(a) | Certificate of Incorporation of Vycor Medical, Inc. (previously filed) |
3.1(b) | Certificate of Amendment to Certificate of Incorporation of Vycor Medical, Inc. dated as of January 11, 2010 (previously filed) |
31.(c) | Certificate of Amendment to Certificate of Incorporation of Vycor Medical, Inc. dated as of July 20, 2010 (previously filed) |
3.2 | Bylaws of Vycor Medical, Inc. (previously filed) |
5.1 | Legal Opinion of Legal Robert Diener, Esq. |
23.1 | Legal Opinion of Legal Robert Diener, Esq. (included with Exhibit 5.1) |
23.2 | Consent of Independent Auditors (previously filed) |