UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 8.01. Other Information.
As previously announced, on September 2, 2020, a putative stockholder of Neonode Inc. (the “Company”) filed a purported class action lawsuit (Case No. 1:20-cv-01174-UNA) in the United States District Court for the District of Delaware against the Company, the Board of Directors of the Company, and the Chief Executive Officer of the Company for alleged violations of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934, as amended, related to the Company’s proxy statement filed with the Securities and Exchange Commission on August 20, 2020 for the Company’s 2020 Annual Meeting of Stockholders (the “Proxy Statement”), with respect to the Company’s August 2020 private placement (the “Proceeding”). On October 20, 2020, the plaintiff voluntarily dismissed the Proceeding, but was subsequently informed the Company that plaintiff’s counsel intended to file a fee petition with respect to the Proceeding.
The Company has now been served with a complaint filed by plaintiff’s counsel in the Supreme Court of the State of New York, County of Nassau, to recover plaintiff’s attorneys’ fees and expenses in the amount of $400,000 incurred in connection with the Proceeding. The Company does not believe that plaintiff’s counsel should be entitled to any fee award and currently intends to defend against or settle this matter if possible.
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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 thereunto duly authorized.
| Date: September 30, 2021 | NEONODE INC. | |
| By: | /s/ Fredrik Nihlén | |
| Name: | Fredrik Nihlén | |
| Title: | Chief Financial Officer | |
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