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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): June
26, 2025
ENVOY MEDICAL, INC.
(Exact name of registrant as specified in its charter)
Delaware |
|
001-40133 |
|
86-1369123 |
(State or other jurisdiction
of incorporation) |
|
(Commission File Number) |
|
(IRS Employer
Identification
No.) |
4875 White Bear Parkway
White Bear Lake, MN |
|
55110 |
(Address of principal executive offices) |
|
(Zip Code) |
Registrant’s telephone number, including area
code: (877) 900-3277
Not
Applicable
(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:
Title of each class |
|
Trading Symbol(s) |
|
Name of each exchange on which registered |
Class
A Common Stock, par value $0.0001 per share |
|
COCH |
|
The Nasdaq Stock Market LLC |
Redeemable
Warrants, each whole Warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50 per
share |
|
COCHW |
|
The Nasdaq Stock Market LLC |
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 June 26, 2025, Envoy Medical, Inc. (the “Company”)
drew the remaining $5,000,000 of available principal under the promissory note, dated as of March 6, 2025 (the “Note”), between
the Company and GAT Funding, LLC (“GAT”). GAT is an entity controlled by Glen Taylor, who is a member of the Company’s
board of directors and the controlling stockholder of the Company.
As a commitment fee for the additional draw and pursuant to the
terms of the Note, the Company issued GAT a warrant to purchase 750,000 shares of its Class A Common at an exercise price of $1.48
(the “Warrant”), which was the closing trading price of the Class A Common Stock on the date of the draw. The
Warrant has a two year exercise period.
Item 2.03 Creation of a Direct Financial Obligation or an
Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information set forth in Item 1.01 of this Current Report on Form
8-K regarding the Note is incorporated by reference into this Item 2.03.
Item 3.02 Unregistered Sales of Equity Securities.
The information set forth in Item 1.01 of this Current Report on
Form 8-K regarding the Warrant is incorporated by reference into this Item 3.02. The issuance of shares of the Company’s Class
A Common Stock underlying the Warrants will be made in reliance on the exemption from registration contained in Section 4(a)(2) of
the Securities Act of 1933, as amended, and Rule 506 of Regulation D thereunder.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit
Number |
|
Description |
|
|
|
104 |
|
Cover Page Interactive Data File (embedded within the Inline XBRL document). |
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.
|
ENVOY MEDICAL, INC. |
|
|
July 2, 2025 |
By: |
/s/ Brent T. Lucas |
|
|
Brent T. Lucas |
|
|
Chief Executive Officer |
2