UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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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).
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Item 8.01 Other Events
On July 15, 2022, the Company entered into an Original Issue Discount Senior Convertible Debenture due July 15, 2023 in the amount of $16,500 with an investor with a conversion price of $.50 per share. On June 2, 2023 the holder of this debenture converted it into 33,000 shares of Common Stock at the contractual exercise price of $.50 per share.
During the three months ended March 31, 2023, the Company entered into Original Issue Discount Senior Convertible Debentures totaling $970,200 aggregate principal amount of Note due in various dates in January through March 2024. The conversion price for the principal in connection with voluntary conversions by the holders of these convertible debentures is $0.15 per share.
On June 2, 2023, the holder of $181,500 of these Debentures were converted at the contractual exercise price of $0.15 resulting in the issuance of 1,210,000 shares of Common Stock to the holder.
As a result of these issuances the number of outstanding shares of the Company has increased from 42,981,659 to 44,224,659.
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.
Dated: June 8, 2023
| SIGYN THERAPEUTICS, INC. | ||
| By: | /s/ Jim Joyce | |
| Name: | Jim Joyce | |
| Title: | CEO | |