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
Date
of Report (Date of earliest event reported):
(Exact name of registrant as specified in its charter)
(State
or other jurisdiction of incorporation) |
(Commission
File Number) |
(IRS
Employer Identification No.) |
(Address of principal executive offices)
(Zip Code)
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) | (Name of Each Exchange on Which Registered) |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (CFR §230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (CFR §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
As previously disclosed in a Current Report on Form 8-K filed on January 3, 2024, INVO Bioscience, Inc., a Nevada corporation (the “Company”) entered into a securities purchase agreement (the “SPA”) with NAYA Bioscience, Inc. (“NAYA”) on December 29, 2023 for NAYA’s purchase of 1,000,000 shares of the Company’s Series A Preferred Stock at a purchase price of $5.00 per share. The parties agreed that NAYA’s purchases will be made in tranches in accordance with the Minimum Interim Pipe Schedule. The SPA contains customary representations, warranties and covenants of the Company and NAYA.
As of January 31, 2024, NAYA had failed to fund the second tranche of $500,000 due no later than January 19, 2024.
In accordance with the previously announced agreement and plan of merger (the “Merger Agreement”) by and among the Company, INVO Merger Sub, Inc. (“Merger Sub”), and NAYA, the Company is now seeking to secure alternative funding to make up for the shortfall.
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.
Date: February 1, 2024
INVO BIOSCIENCE, INC. | ||
By: | /s/ Steven Shum | |
Steven Shum | ||
Chief Executive Officer |
Cover |
Jan. 19, 2024 |
---|---|
Cover [Abstract] | |
Document Type | 8-K |
Amendment Flag | false |
Document Period End Date | Jan. 19, 2024 |
Entity File Number | 001-39701 |
Entity Registrant Name | INVO BIOSCIENCE, INC. |
Entity Central Index Key | 0001417926 |
Entity Tax Identification Number | 20-4036208 |
Entity Incorporation, State or Country Code | NV |
Entity Address, Address Line One | 5582 Broadcast Court |
Entity Address, City or Town | Sarasota |
Entity Address, State or Province | FL |
Entity Address, Postal Zip Code | 34240 |
City Area Code | (978) |
Local Phone Number | 878-9505 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Title of 12(b) Security | Common Stock, $0.0001 par value |
Trading Symbol | INVO |
Security Exchange Name | NASDAQ |
Entity Emerging Growth Company | false |
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end
LZ$VKO!@UT8GYLC
M5'##O(FZ&:9P+3JK$=NQ&;:9TQHJ*^-@ ?*#:1C,1G/ 3P#5\2> 1P]4?>KU
MT& L1AK"WLFH3 T24;1R%(4!NIIR8ZMEP'(]/<0?<1J,]X_Z%3Z(ZDC$33
MMJ?3J479!$\9?Q&6Q\:["?8DEK$HU&JS6O;L1K\APBO(C9.;2'R8/9#G(=#3
M^ K3J7C"[BT9W#=^'?\XG+:/+TR1[TZ==@_NW5G9Y\>4_&+L'QYZ-^_SIU
MV1+>",88J6)0T39T?EEZT[K%^-!V:S7'?K[I]A* 'L/Q-^8L8$IF]@E@I
MIR^YK26TJ&NJ.M:=[>'\B9F\BX.:P&,QE7R^3R,L4_*7PZJQ^!O8K1 Y/BV"
M_D$XU.T!75!VOJD%6G:JII:_ 5!+ P04 " C2$%8_1P"^_T* " A@
M%0 &EN=F\M,C R-# Q,3E?;&%B+GAM;,V=76_CN!6&[POT/W#=FQ88QQ,'
M+9#L9!<93[(P-IMD8\]LVT6QH"7&$4*3 24G]K\O*8FR1/%(2HJ2G(L9C_@>
MZJ7XF*2^CC_]N-M0]$)$FG!V/CH^^CA"A$4\3MCZ?/1U,;Y8S.;S$4HSS&),
M.2/G(\9'/_[PYS\A^>?3=^,QNDH(C<_0%QZ-Y^R!?X]N\(:@@8YGT4M.&)!S4&)03E(8S4#X!]0(^
*_[XV19SX; USCT_=9[<$"?>J")UZ:
MCF2M7IS^4H^\O:TY>LGO5_WHL&U9;G&^R,-F/[@\^$GI/IK5[B+Z.8X#[S\I
M X=FO2 *X?L"^/TEI#_V)_AEG6_;16RI6GYA2VI'H"B@(5OEV%(5OV#)9*/@
M:N'YU8E=>74B?Q.G;=<75.XLYQ4/2->5VTW=6]S:F )>6HQ6&
MCC'#;\8>>Q.K_G]02P,$% @ (TA!6*:@W+
<6'M/_9VOP2O84(;50QD-8_RFF+$>#&2:9F+S
MC,8S*^8QA>)%2?^"\AI&/9:
T5=
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M'E,H