This Current Report on Form 8-K of CurAegis Technologies, Inc. (the "Company”) reports the October 12, 2018 investment made by Richard A. Kaplan, the Company’s Chief Executive Officer and a director.
The Company is currently offering up to $2.5 million in non-interest bearing Senior Convertible Promissory Notes and Warrants (the "JULY 2018 Convertible Notes”) in a private placement. During the period from July 24, 2018 to October 12, 2018, the Company issued $575,000 aggregate principal amount of JULY 2018 Convertible Notes, and warrants to purchase 350,00 shares of common stock in connection with the JULY 2018 Convertible Notes.
On October 12, 2018, Mr. Kaplan, purchased $50,000 principal amount of the JULY 2018 Convertible Notes and received the corresponding warrants.
The JULY 2018 Convertible Notes and Warrants are included in a private placement exempt from registration under Section 4(a)(2) of the Securities Act of 1933 (“Securities Act”), as amended, and Rule 506 thereunder. Each purchaser is an accredited investor. Such securities will not be registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This report does not constitute an offer for the sale of any securities. The descriptions of the JULY 2018 Convertible Notes, the warrants, and the securities purchase agreement pursuant to which the JULY 2018 Convertible Notes are offered, are qualified in their entirety by reference to Exhibits 4.1, 4.2, and 4.3 hereto, which are incorporated by reference herein.
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