false
0001427570
0001427570
2025-06-27
2025-06-27
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
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 27, 2025
RESHAPE LIFESCIENCES
INC.
(Exact name of registrant as specified in its charter)
Delaware |
1-37897 |
26-1828101 |
(State or other jurisdiction of
incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification Number) |
|
|
|
18 Technology Drive, Suite 110
Irvine, CA |
92618 |
(Address of principal executive offices) |
(Zip Code) |
|
|
|
|
(949) 429-6680
(Registrant’s
telephone number, including area code)
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 Class |
Trading
Symbol |
Name of Exchange on which Registered |
Common stock, $0.001 par value per share |
RSLS |
The Nasdaq Capital Market |
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 27, 2025, ReShape Lifesciences Inc.
(“ReShape”) and Vyome Therapeutics, Inc. (“Vyome”) entered into a promissory note pursuant to which ReShape
agreed to loan $200,000 to Vyome. Vyome will use the proceeds for working capital purposes as well as legal, accounting and other expenses
related to the transactions contemplated by the Agreement and Plan of Merger, dated July 8, 2024, between the parties (the “Merger
Agreement”). The outstanding principal balance under the promissory note will bear interest at the rate of 8.0% per annum. If the
Merger Agreement is terminated by ReShape under Section 8.01(b)(iv) thereof (because the Concurrent Financing Agreement (as
defined in the Merger Agreement) is not in full force and effect such that the Concurrent Financing shall not be consummated immediately
following the effective time of the merger without the further satisfaction of any conditions), then the promissory note will become senior
in right of payment to all other debt of Vyome and will become a secured obligation of Vyome. The aggregate unpaid principal amount under
the promissory note and all accrued unpaid interest will be due and payable on September 30, 2025. If the merger is completed prior
to September 30, 2025, then Vyome will not be required to repay the amounts outstanding under the promissory note, but the aggregate
amount of unpaid principal and interest will then be counted as ReShape net cash under the Merger Agreement.
The foregoing description of the promissory note
does not purport to be complete and is qualified in its entirety by reference to the full text of the promissory note, which is filed
as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.
Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
Exhibit No. |
|
Description |
10.1 |
|
Promissory Note, dated June 27, 2025, between ReShape Lifesciences Inc. and Vyome Therapeutics, Inc. |
104 |
|
Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly
authorized.
|
RESHAPE LIFESCIENCES INC. |
|
|
|
|
By: |
/s/ Paul F. Hickey |
|
|
Paul F. Hickey |
|
|
Chief Executive Officer |
Dated: July 3, 2025