|
Delaware
(State or other jurisdiction of
incorporation or organization) |
| |
3845
(Primary Standard Industrial
Classification Code Number) |
| |
36-4787690
(I.R.S. Employer
Identification Number) |
|
|
Phillip D. Torrence, Esq.
Honigman LLP 650 Trade Centre Way, Suite 200 Kalamazoo, Michigan 49002 (269) 337-7700 |
| |
Mitchell S. Nussbaum, Esq.
Angela M. Dowd, Esq. Loeb & Loeb LLP 345 Park Avenue New York, NY 10154 (212) 407-4159 |
|
| Large accelerated filer | | | ☐ | | | Accelerated filer | | | ☐ | |
| Non-accelerated filer | | | ☒ | | | Smaller reporting company | | | ☒ | |
| | | | | | | Emerging growth company | | | ☐ | |
| | |
Per Share and
accompanying Series A Warrant and Series B Warrant |
| |
Per Pre-Funded
Warrant and accompanying Series A Warrant and Series B Warrant |
| |
Total
|
| |||||||||
Public offering price
|
| | | $ | | | | | $ | | | | | $ | | | |||
Placement Agent fees(1)
|
| | | $ | | | | | $ | | | | | $ | | | |||
Proceeds to us before offering expenses(2)
|
| | | $ | | | | | $ | | | | | $ | | | |
| | |
Page
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| | | | 26 | | | |
| | | | 31 | | | |
| | | | 34 | | | |
| | | | 34 | | | |
| | | | 35 | | | |
| | | | 35 | | |
PCT application
|
| |
US Priority document(s) (filing date)
|
| |
Foreign patents/
*patent applications |
|
WO2016/089751A1
(PCT/US2015/062950) |
| |
14/559,080 (3 December 2014)
14/559,123 (3 December 2014) 14/559,118 (3 December 2014) 14/559,105 (3 December 2014) |
| |
AU2015355211B2
AU2017218934B2 AU2017276270B2 AU2018204184B2 |
|
Title: Systems and Methods for Providing Non-Invasive Neurorehabilitation of a Patient | | | | | |
AU2018247259B2
CA2969729C EP3226962B1 EP3662969B1 IL252648B |
|
WO2016/089752A1
(PCT/US2015/062953) |
| |
14/557,787 (3 December 2014)
14/557,789 (3 December 2014) 14/559,045 (3 December 2014) |
| |
AU2015355212B2
AU2017228517B2 AU2019200175B2 AU2019246836B2 |
|
Title: Devices for Delivering Non-Invasive Neuromodulation to a Patient | | | | | |
CA2969731C
EP3226961B1 EP19190373.1A* IL252649A0 |
|
WO2016/089795A1
(PCT/US2015/063059) |
| |
14/559,080 (3 December 2014)
14/559,123 (3 December 2014) 14/559,118 (3 December 2014) 14/559,105 (3 December 2014) |
| |
N/A
|
|
Title: Methods of Manufacturing Devices for the Neurorehabilitation of a Patient | | | | | | | |
WO2020/176954
(PCT/US2020/019853) |
| |
62/812,185 (28 February 2019)
|
| |
AU2020228618A1*
CA3131684A1* CN113728393A* |
|
Title: Computer Systems and Methods for Enhancing Neurorehabilitation | | | | | |
EP20712806.7A*
IL285901A* UK2596678B |
|
Mark
|
| |
Country
|
| |
Registration Number
|
| |
Application Number
|
|
PONS | | |
U.S.
|
| |
4,998,391
|
| |
86978547
|
|
PONS | | |
U.S.
|
| |
5,845,725
|
| |
86440699
|
|
PONS THERAPY | | |
U.S.
|
| |
7,219,613
|
| |
97124824
|
|
HELIUS | | |
U.S.
|
| |
7,231,015
|
| |
88443662
|
|
HELIUS MEDICAL | | |
U.S.
|
| |
pending
|
| |
88443664
|
|
PONS | | |
Australia
|
| |
1923122
|
| |
1923122
|
|
HELIUS | | |
Canada
|
| |
pending
|
| |
1996550
|
|
PONS | | |
Europe
|
| |
15004799
|
| |
15004799
|
|
PONS | | |
Israel
|
| |
306606
|
| |
306606
|
|
PONS | | |
New Zealand
|
| |
1091833
|
| |
1091833
|
|
PONS | | |
Russia
|
| |
634298
|
| |
2015712398
|
|
PONS | | |
Russia
|
| |
674026
|
| |
2010729117
|
|
PONS | | |
Russia
|
| |
653065
|
| |
2017727589
|
|
| | |
As of December 31, 2023
(in thousands) |
| |||||||||
| | |
Actual
|
| |
As adjusted
|
| ||||||
Cash and cash equivalents
|
| | | $ | 5,182 | | | | | $ | | | |
Stockholders’ (deficit) equity: | | | | | | | | | | | | | |
Preferred Stock, $0.001 par value; 10,000,000 shares authorized; no shares
issued and outstanding as of December 31, 2023 |
| | | | | | | | | | | | |
Class A Common Stock, $0.001 par value, 150,000,000 shares authorized; actual 714,590 shares issued and outstanding as of December 31, 2023; as adjusted shares issued and outstanding as of December 31, 2023
|
| | | | 1 | | | | | | | | |
Additional paid-in capital
|
| | | | 162,979 | | | | | | | | |
Accumulated other comprehensive loss
|
| | | | (673) | | | | | | | | |
Accumulated deficit
|
| | | | (159,957) | | | | | | | | |
Total stockholders’ equity
|
| | | $ | 2,350 | | | | | $ | | |
|
Assumed public offering price per share (attributing no value to the Public Warrants)
|
| | | $ | | | |
|
Net tangible book value per share as of December 31, 2023
|
| | | $ | 3.25 | | |
|
Increase in as adjusted net tangible book value per share after this offering
|
| | | $ | | | |
|
Adjusted net tangible book value per share after giving effect to this offering
|
| | | $ | | | |
|
Dilution in adjusted net tangible book value per share to new investors
|
| | | $ | | | |
| | |
Per Share and
accompanying Series A Warrant and Series B Warrant |
| |
Per Pre-Funded
Warrant and accompanying Series A Warrant and Series B Warrant |
| |
Total
|
| |||||||||
Public Offering Price
|
| | | $ | | | | | $ | | | | | $ | | | |||
Placement agent fees
|
| | | $ | | | | | $ | | | | | $ | | | |||
Proceeds, before expenses, to us
|
| | | $ | | | | | $ | | | | | $ | | | |
| | |
Amount
|
| |||
SEC registration fee
|
| | | $ | 4,797.00 | | |
FINRA filing fee
|
| | | $ | 5,375.00 | | |
Printing expenses
|
| | | $ | | | |
Accounting fees and expenses
|
| | | $ | * | | |
Legal fees and expenses
|
| | | $ | * | | |
Transfer agent fees and expenses
|
| | | $ | * | | |
Miscellaneous fees and expenses
|
| | | $ | * | | |
Total
|
| | | $ | * | | |
|
Exhibit
Number |
| |
Exhibit
|
|
|
23.2**
|
| | Consent of Honigman LLP (included in Exhibit 5.1 hereto) | |
|
24.1
|
| | | |
|
107
|
| | |
|
Signature
|
| |
Title
|
| |
Date
|
|
|
/s/ Dane C. Andreeff
Dane C. Andreeff
|
| |
President, Chief Executive Officer (Principal
Executive Officer) and Director |
| |
April 15, 2024
|
|
|
/s/ Jeffrey S. Mathiesen
Jeffrey S. Mathiesen
|
| | Chief Financial Officer (Principal Financial Officer and Principal Accounting Officer) and Director | | |
April 15, 2024
|
|
|
/s/ Edward M. Straw
Edward M. Straw
|
| | Director | | |
April 15, 2024
|
|
|
/s/ Sherrie Perkins
Sherrie Perkins
|
| | Director | | |
April 15, 2024
|
|
|
/s/ Paul Buckman
Paul Buckman
|
| | Director | | |
April 15, 2024
|
|
|
/s/ Blane Walter
Blane Walter
|
| | Director | | |
April 15, 2024
|
|