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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 31, 2024

 

VYSTAR CORPORATION

 

(Exact Name of Registrant as Specified in Charter)

 

Georgia  

000-53754

   20-2027731

(State or Other Jurisdiction

of Incorporation

  

(Commission

File Number)

  

(IRS Employer

Identification No.)

 

365 Shrewsbury St

Worcester, MA

  

 

01604

(Address of Principal Executive Offices)   (Zip Code)

 

Registrant’s telephone number, including area code: (508) 791-9114

 

n/a

(Former Name or Former Address, if Changed Since Last Report)

 

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 (see General Instruction A.2. below):

 

☐ 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:

 

Type of each Class  

Trading Symbol(s)

  

Name of each exchange on which registered

Common   VYST   None

 

Indicate by checkmark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) of 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 8.01. Other Events.

 

On October 11, 2022, the Company has previously reported that Murida, dba Rotmans Furniture, began a liquidation sale, which was completed in 2022 and early 2023. Effective December 31, 2024, Vystar transferred and assigned its ownership interest in Rotmans Furniture to a third party for nominal value. As such, the balance sheet and financial statements for the Company, for the year ended 2024, will reflect a decrease in assets of approximately $6,000 and a decrease in liabilities of approximately $4,742,000. Additional financial statement adjustments may result from this assignment.

 

 

 

 

SIGNATURE

 

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.

 

  VYSTAR CORPORATION
   

 
Date: February 4, 2025 By: /s/ Jamie Rotman
  Name: Jamie Rotman
  Title: President/Chief Executive Officer

 

 

 

 

Exhibit Index

 

Exhibit

Number

  Description
    
104  Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

 

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Dec. 31, 2024
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Entity File Number 000-53754
Entity Registrant Name VYSTAR CORPORATION
Entity Central Index Key 0001308027
Entity Tax Identification Number 20-2027731
Entity Incorporation, State or Country Code GA
Entity Address, Address Line One 365 Shrewsbury St
Entity Address, City or Town Worcester
Entity Address, State or Province MA
Entity Address, Postal Zip Code 01604
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Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common
Trading Symbol VYST
Entity Emerging Growth Company false
Vystar (PK) (USOTC:VYST)
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