Form 8-K - Current report
04 October 2023 - 7:30AM
Edgar (US Regulatory)
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2023-09-28
2023-09-28
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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): September 28, 2023
Innoveren
Scientific, Inc.
(Exact
Name of Registrant as Specified in Charter)
Nevada |
|
001-36763 |
|
46-3312262 |
(State
or other jurisdiction
of
incorporation) |
|
(Commission
File
Number) |
|
(IRS
Employer
Identification
No.) |
201
E Kennedy Blvd, Suite 700
Tampa,
FL |
|
33602 |
(Address
of principal executive offices) |
|
(Zip
Code) |
Registrant’s
telephone number, including area code:
(844)
633-6839
(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:
☐ |
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: Common Stock
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
1.01 Entry into a Material Definitive Agreement
On
September 28, 2023,
Medovex Corp., a Nevada corporation (“Seller”) and the wholly owned subsidiary of Innoveren Scientific, Inc. (the “Innoveren”
collectively the “Company”) entered into a Membership Interest And LLCA Rights Redemption Agreement (the “Agreement”)
with Medovex, LLC, a Delaware limited liability company (“Medovex”) and the members of Medovex. Pursuant to the Agreement,
the Company agreed to transfer its (i) 400,000 Class B membership interests and 140,000 Class C membership interests (collectively, the
“Membership Interests”) in Medovex; (ii) the Company’s rights pursuant to the Amended and Restated Limited Liability
Company Agreement dated April 2, 2021,
including the purchase option rights set out therein (“LLCA Rights” together with the Membership Interest as the “Transferred
Rights”); and (iii) the intellectual property related to the Denervex device
held by the Company to Medovex (the “IP”). As consideration
for the Transferred Rights, the Company shall receive $720,996.72, plus the $92,500 deposit previously
paid to the Company.. The Company shall also receive
$55,751 upon completion of the transfer of the IP from the Seller to Medovex.. In addition, the Company shall be entitled
to receive a 3% royalty on the sale of any products
derived from the IP from the sixth anniversary of the transfer to the tenth anniversary. The
transaction closed on September 28, 2023.
The following summary of the Agreement is qualified in its entirety by
reference to the full text of the Agreement, copy of which is attached as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated
herein by reference.
Item
9.01. Financial Statements and Exhibits
(d)
Exhibits.
The
following exhibits are filed as part of this report:
Item
9.01 Exhibits
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.
|
Innoveren
Scientific, Inc. |
|
|
|
Date:
October 3, 2023 |
By: |
/s/
Jeremy Daniel |
|
|
Jeremy
Daniel |
|
|
Chief
Financial Officer |
Exhibit 10.1
v3.23.3
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