Current Report Filing (8-k)
January 25 2019 - 5:28PM
Edgar (US Regulatory)
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):
January 18, 2019
CO-DIAGNOSTICS,
INC.
|
(Exact
name of small business issuer as specified in its charter)
|
Utah
|
|
1-38148
|
|
46-2609363
|
(State
or other jurisdiction
of incorporation or organization)
|
|
(Commission
File
Number)
|
|
(IRS
Employer
Identification
Number)
|
2401
S. Foothill Drive, Suite D, Salt Lake City, Utah 84109
(Address
of principal executive offices)
(801)
438-1036
(Issuer’s
telephone number)
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))
|
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 [X]
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.
On
January 18, 2019, Bentley Rothschild Financial LLC (“
Bentley
”) filed a Schedule 13G claiming it was the owner
of 1,134,897 shares of common stock of Co-Diagnostics, Inc. (the “
Company
”).
Bentley
purportedly obtained the shares as a result of a Second Addendum, dated December 4, 2018 (“
Second Addendum
”)
to a Master Loan Agreement, dated April 2, 2018 (the “
Master Loan Agreement
”), between Dr. Brent Satterfield,
the Company’s Chief Science Officer and one of the Company’s directors, and America 2030 Capital (“
America
2030
” and, together with Bentley, the “
Lenders
”). The Master Loan Agreement purported to be a loan
agreement that required Dr. Satterfield to pledge his 2,269,795 shares of the Company’s common stock, which Dr. Satterfield
did by transferring the 2,269,795 shares of common stock evenly between Bentley and America 2030 as required by the Second Addendum.
Dr. Satterfield received approximately $66,000 from the Lenders. The Second Addendum was signed by Dr. Satterfield and Val Sklarov,
who signed as the Operations Manager of both Bentley and America 2030.
After
America 2030 presented a legal opinion to the Company’s transfer agent, drafted by Steve Roberts, an attorney from Baton
Rouge, Louisiana, the transfer agent transferred 1,134,898 shares of the Company’s common stock to a brokerage account for
America 2030. The Company estimates that America 2030 sold approximately 900,000 shares of the Company’s common stock.
Dr.
Satterfield filed an action in the Supreme Court of the State of New York (New York County) and obtained a preliminary injunction
against America 2030, Bentley, and the Company’s transfer agent (Index no. 650311/2019). Dr. Satterfield believes the
shares were sold wrongfully by America 2030 as part of a fraudulent scheme.
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.
|
CO-DIAGNOSTICS, INC.
|
|
|
|
By:
|
/s/
Dwight H. Egan
|
|
Name:
|
Dwight H. Egan
|
|
Title:
|
Chief Executive Officer
|
|
|
|
Date: January 25, 2019
|
|
|
Co Diagnostics (NASDAQ:CODX)
Historical Stock Chart
From Mar 2024 to Apr 2024
Co Diagnostics (NASDAQ:CODX)
Historical Stock Chart
From Apr 2023 to Apr 2024