Welcome to our dedicated page for BioSig Technologies news (Ticker: BSGM), a resource for investors and traders seeking the latest updates and insights on BioSig Technologies stock.
BioSig Technologies Inc. (NASDAQ: BSGM) provides cutting-edge solutions in cardiac electrophysiology through its flagship PURE EP™ System. This page serves as the definitive source for official company news, including financial results, regulatory milestones, and clinical advancements.
Investors and healthcare professionals will find curated updates on product innovations, partnership announcements, and peer-reviewed research validating BioSig's signal processing technology. Key coverage areas: quarterly earnings reports, FDA clearances, hospital adoption metrics, and intellectual property developments.
All content undergoes strict verification to ensure alignment with SEC disclosure standards and medical device reporting regulations. Bookmark this page for real-time updates on BSGM's progress in enhancing cardiac ablation accuracy through advanced signal visualization technology.
BioSig Technologies (OTCQB: BSGM) has announced its intent to acquire the assets of Neuro-Kinesis (NKC), a private medical technology company developing smart EP tools. The acquisition will be paid through BioSig's common stock, with NKC providing $2.5-$6 million in unrestricted cash to BioSig at closing. The deal aims to expand BioSig's product portfolio beyond PURE EP™.
NKC's key technologies include the Huygens™ Catheter, which improves signal detection resolution, and the Proteus™ Robotic Arm, offering computer-assisted robotic guidance for EP procedures. These innovations address limitations in existing EP mapping technology, potentially improving the treatment of complex arrhythmias.
The acquisition is subject to due diligence and shareholder approval. NKC brings a strong management team, extensive IP portfolio, and AI capabilities to enhance EP mapping systems.
BioSig Technologies (OTCQB: BSGM) has announced significant improvements to its balance sheet during Q2 2024. The company has successfully negotiated a reduction in accounts payable of approximately $1.5 million with multiple vendors. A major cost-saving measure includes the termination of the office lease for their former headquarters in Westport, Connecticut, effective July 15, 2024.
CEO Anthony Amato emphasized the importance of maintaining a strong and flexible balance sheet, especially in challenging market conditions. The company plans to continue working with additional vendors to further reduce payables and will update shareholders on progress. This financial restructuring is expected to provide BioSig with more flexibility in evaluating future opportunities.
BioSig Technologies (NASDAQ: BSGM) has appointed Ferdinand Groenewald as interim Chief Financial Officer and Principal Accounting Officer. Groenewald, a certified public accountant with extensive experience, is currently VP of Finance at Alaunos Therapeutics. He has held various senior financial roles in multiple companies, including SYLA Technologies, HeartCore Enterprises, and Muscle Maker Development. BioSig's CEO, Anthony Amato, highlighted Groenewald's financial expertise as a valuable asset for driving strategic decisions and increasing shareholder value. BioSig's technology focuses on enhancing cardiac signal visualization to improve cardiac ablation procedures.
BioSig Technologies announced the closing of a $3 million registered direct offering, priced at-the-market under Nasdaq rules. The offering included 1,570,683 shares of common stock at $1.91 per share and private placement unregistered warrants to purchase the same number of shares at $1.78 per share. The unregistered warrants are immediately exercisable and will expire in five years. H.C. Wainwright & Co. acted as the exclusive placement agent for the offering. The gross proceeds were approximately $3 million before deducting fees and expenses. BioSig plans to use the net proceeds for working capital and general corporate purposes.
BioSig Technologies (NASDAQ: BSGM) announced a $3 million registered direct offering, pricing its 1,570,683 shares at $1.91 each. Concurrently, it will issue unregistered warrants to purchase an equivalent number of shares at $1.78 per share, exercisable immediately and expiring in five years. The offering, closing around May 30, 2024, aims to raise funds for working capital and corporate purposes. H.C. Wainwright & Co. is the exclusive placement agent, and the offering follows a shelf registration filed with the SEC.
BioSig Technologies CEO, Anthony Amato, has issued a letter to shareholders detailing recent advancements and future plans for the company. Over the past two months, BioSig has appointed a new, experienced Board of Directors and is forming a Business Advisory Board to assess business opportunities and potential mergers. The company remains focused on its core PURE EP™ Biomedical Signal Processing Technology and is actively pursuing AI-related initiatives. BioSig has regained compliance with Nasdaq's minimum bid price requirement and presented to the Nasdaq Hearings Panel to address other compliance issues. The company is optimistic about its growth prospects and is committed to enhancing shareholder value.
BioSig Technologies, Inc. announced new appointments to its board of directors, now fully constituted with 5 members, 3 independent. The company aims for compliance with U.S. Exchange regulations, bringing in directors with diverse industry experience to create lasting shareholder value.
BioSig Technologies, Inc. appointed Mr. Anthony Amato as the Chief Executive Officer and member of the Board of Directors to accelerate the implementation of a comprehensive turnaround strategy. Mr. Amato brings a wealth of experience in business leadership and management. The Company aims to unlock substantial value through its core product line, PURE EP™, and plans to update shareholders on further developments.
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