SEC Filing Summary: BioSig Technologies, Inc.
Business Context and Reporting Period
This Form 8-K was filed by BioSig Technologies, Inc. (not Streamex Corp.) on September 26, 2017, reporting events occurring on September 19, 2017. The company is an emerging growth company incorporated in Delaware. The filing details the eighth closing under a Unit Purchase Agreement dated April 6, 2017.
Key Financial Metrics
The filing reports a capital raise event rather than operational financial performance. Key metrics for this transaction include:
- Capital Raised: $155,000 in aggregate consideration.
- Securities Issued: 103,334 Units.
- Unit Composition: One share of Common Stock and one warrant to purchase 0.5 shares of Common Stock.
- Price per Unit: $1.50.
- Warrant Exercise Price: $1.50 per share.
The filing text does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes and Historical Context
This transaction represents the eighth closing under the Purchase Agreement. Previous closings occurred on April 6, April 17, May 5, June 20, June 30, July 13, and August 18, 2017. Cumulative proceeds from all eight closings total $2,266,898, with 1,807,936 Units issued to date. All securities were sold to accredited investors under Section 4(a)(2) and Regulation D exemptions.
Outlook, Risks, and Management Commentary
Management commentary is limited to the confirmation of the transaction consummation and the execution of a Registration Rights Agreement by the September Investors. The filing does not provide specific guidance, outlook, or discussion of risks and contingencies beyond the standard disclosure that the securities were unregistered.
Investor Verification Checklist
- Verify the total number of outstanding shares and warrants following this issuance.
- Confirm the dilution impact of the 103,334 new shares and associated warrants on existing shareholders.
- Review the Registration Rights Agreement to understand future liquidity options for these investors.
- Check subsequent filings for the company's use of the $155,000 raised in this closing.