Form 8-K - Current report
14 Dezembro 2023 - 7:15PM
Edgar (US Regulatory)
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2023-12-08
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported)
December 8, 2023
electroCore, Inc.
(Exact name of registrant as specified in its
charter)
Delaware |
|
001-38538 |
|
20-3454976 |
(State or other jurisdiction of
incorporation or organization) |
|
(Commission File Number) |
|
(I.R.S. Employer
Identification Number) |
200 Forge Way, Suite 205
Rockaway, NJ 07866
(Address of principal executive offices and
zip code)
(973) 290-0097
(Registrant’s telephone number, including
area code)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
|
☐ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
☐ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
|
|
|
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
|
Trading
symbol(s) |
|
Name of each exchange
on which registered |
Common Stock, Par Value $0.001 Per Share |
|
ECOR |
|
NASDAQ Capital Market |
Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange
Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant
to Section 13(a) of the Exchange Act.
Item 5.02. |
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On December 8, 2023, the board of directors (the
“Board”) of electroCore, Inc. (the “Company”) appointed Charles S. Theofilos, M.D., as a new Class
III member of the Board. The term of each Class III director lasts until the Company’s 2024
annual meeting of stockholders. In connection with the appointment of Dr. Theofilos to the Board, the size of the Board was increased
by resolution of the Board from seven members to eight members on December 8, 2023.
Dr. Theofilos
is a retired neurosurgeon who founded The Spine Center in Palm Beach Gardens, FL in 1996. He also founded and serves as President of Theo
Concepts, LLC and Founder of The Theo Group, a family office. Previously, he served as Co-Director of the Neuroscience Center, Chairman
of Neurosurgery, and Chairman of Cranial and Spinal Surgery, at JFK Medical Center in Atlantis, Florida, Director of Spine Surgery at
Jupiter Medical Center, and Chairman of Neurosurgery at Palm Beach Gardens Medical Center. Dr. Theofilos has been a founder, director
and/or investor in a number of early-stage medical device and healthcare companies, including K2Medical, SpineCore LLC and electroCore,
LLC, a predecessor of the Company. Dr. Theofilos received an M.D. from Emory University School of Medicine, a B.A. in biology from Emory
University, and a GMP (General Management Program) from The Wharton School of The University of Pennsylvania.
There are no arrangements or understandings between Dr. Theofilos and
any other persons pursuant to which he was selected as a director of the Company. As required to be disclosed under Item 404(a) of Regulation
S-K, Happy Holstein Management, LLC, of which Dr. Theofilos’ spouse, Kathryn Theofilos, is the manager, participated as an investor
in the Company’s August 2023 registered direct public offering and concurrent private placement. Happy Holstein Management,
LLC purchased (i) 453,257 shares of common stock, par value $0.001 per share, of the Company (“Common Stock”), and
pre-funded warrants to purchase 113,314 shares of Common Stock, in the registered direct public offering, and (ii) warrants to purchase
up to 283,285 shares of Common Stock in the concurrent private placement, the terms of which were described in a Current Report on Form
8-K filed by the Company with the Securities and Exchange Commission (“SEC”) on July 31, 2023. The Company agreed to
file a registration statement on Form S-1 with the SEC to cover the resale of certain securities issuable in connection with the private
placement, which registration statement was declared effective by the SEC on August 31, 2023.
In connection with his appointment to the Board,
Dr. Theofilos will receive the Company’s standard non-employee director cash compensation, and has been granted an inaugural equity
award effective January 1, 2024 pursuant to the Company’s Non-Employee Director Compensation Policy, a copy of which was filed with
the SEC as Exhibit 10.13 to the Company’s Registration Statement on Form S-1 on August 24, 2023. Additionally, Dr. Theofilos and
the Company will enter into the Company’s standard indemnification agreement for directors and executive officers, the form of which
was filed with the SEC as Exhibit 10.14 to the Company’s Registration Statement on Form S-1/A on May 21, 2018.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|
electroCore, Inc. |
|
|
December 14, 2023 |
/s/ Brian Posner |
|
Brian Posner |
|
Chief Financial Officer |
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Dec. 08, 2023 |
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Entity File Number |
001-38538
|
Entity Registrant Name |
electroCore, Inc.
|
Entity Central Index Key |
0001560258
|
Entity Tax Identification Number |
20-3454976
|
Entity Incorporation, State or Country Code |
DE
|
Entity Address, Address Line One |
200 Forge Way
|
Entity Address, Address Line Two |
Suite 205
|
Entity Address, City or Town |
Rockaway
|
Entity Address, State or Province |
NJ
|
Entity Address, Postal Zip Code |
07866
|
City Area Code |
(973)
|
Local Phone Number |
290-0097
|
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Common Stock, Par Value $0.001 Per Share
|
Trading Symbol |
ECOR
|
Security Exchange Name |
NASDAQ
|
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