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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K/A
Amendment
No. 1
CURRENT
REPORT
Pursuant
to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): September
29, 2023
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
(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
Symbols |
|
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.
EXPLANATORY
NOTE
This
Amendment No. 1 on Form 8-K/A (this “Amendment”) amends the Current Report on Form 8-K of Envoy Medical, Inc. (f/k/a
Anzu Special Acquisition Corp I), a Delaware corporation (the “Company”), originally filed by the Company with the
Securities and Exchange Commission (“SEC”) on October 5, 2023 (the “Original Filing”), in which
the Company reported, among other events, the consummation of the Business Combination (as defined in the Original Report) on September
29, 2023.
This
Amendment is being filed solely to replace the Unaudited Pro Forma Condensed Combined Financial Information of the Company as of June
30, 2023 and for the year ended December 31, 2022 and for the six months ended June 30, 2023, included as Exhibit 99.1.This Amendment
does not amend any other item of the Original Filing or purport to provide an update or a discussion of any developments at the Company
or its subsidiaries subsequent to the filing of the Original Filing.
Item
9.01 Financial Statement and Exhibits.
(a) Financial
Statements of Businesses Acquired.
The
financial statements of Envoy as of and for the years ended December 31, 2022 and 2021, the related notes and report of independent registered
public accounting firm thereto are set forth in the Proxy Statement/Prospectus beginning on page F-77 and are incorporated herein by
reference. The unaudited financial statements of Envoy as of and for the six months ended June 30, 2023 and the related notes thereto
are set forth in the Proxy Statement/Prospectus beginning on page F-59 and are incorporated herein by reference.
(b)
Pro Forma Financial Information.
The
information set forth in Exhibit 99.1 to this Current Report, which includes
the unaudited pro forma condensed combined financial information of the Company as of June 30, 2023 and for the year ended December 31,
2022 and the six months ended June 30, 2023 is incorporated herein by reference.
(d) Exhibits.
Exhibit
No. |
|
Description |
|
|
|
2.1† |
|
Business Combination Agreement, dated as of April 17, 2023, by and among the Company, Merger Sub and Envoy (incorporated by reference to Exhibit 2.1 to Anzu’s Current Report on Form 8-K, filed on April 18, 2023). |
|
|
|
2.2 |
|
Amendment No. 1 to the Business Combination Agreement, dated May 12, 2023, by and among the Company, Merger Sub and Envoy (incorporated by reference to Exhibit 2.2 to Anzu’s Registration Statement on Form S-4, filed on May 15, 2023). |
|
|
|
2.3 |
|
Amendment No. 2 to the Business Combination Agreement, dated August 31, 2023, by and among Anzu, Merger Sub and Envoy (incorporated by reference to Exhibit 2.3 to Anzu’s Registration Statement on Form S-4/A, filed on September 1, 2023). |
|
|
|
3.1 |
|
Second Amended and Restated Certificate of Incorporation of the Company (incorporated by reference to Exhibit 3.1 to the Company’s Current Report on Form 8-K, filed on October 5, 2023). |
|
|
|
3.2 |
|
Amended and Restated Bylaws of the Company (incorporated by reference to Exhibit 3.2 to the Company’s Current Report on Form 8-K, filed on October 5, 2023). |
|
|
|
3.3 |
|
Certificate of Designation of Series A Preferred Stock of the Company (incorporated by reference to Exhibit 3.3 to the Company’s Current Report on Form 8-K, filed on October 5, 2023). |
|
|
|
4.1 |
|
Warrant Agreement, dated March 1, 2021, between Anzu and American Stock Transfer & Trust Company, LLC, as warrant agent (incorporated by reference to Exhibit 10.1 to Anzu’s Current Report on Form 8-K, filed on March 4, 2021). |
|
|
|
10.1 |
|
Letter Agreement, dated March 1, 2021, among Anzu, the Sponsor and Anzu’s officers and directors (incorporated by reference to Exhibit 10.2 to the Company’s Current Report on Form 8-K, filed on March 4, 2021). |
|
|
|
10.2 |
|
Amendment to Letter Agreement, dated September 29, 2023, by and among Anzu, the Sponsor and Anzu’s officers and directors (incorporated by reference to Exhibit 10.2 to the Company’s Current Report on Form 8-K, filed on October 5, 2023). |
|
|
|
10.3 |
|
Amended and Restated Registration Rights Agreement, dated September 29, 2023, by and among Anzu Special Acquisition Corp I, Anzu SPAC GP I LLC and certain stockholders (incorporated by reference to Exhibit 10.3 to the Company’s Current Report on Form 8-K, filed on October 5, 2023). |
|
|
|
10.4 |
|
Subscription Agreement, dated as of April 17, 2023 (incorporated by reference to Exhibit 10.1 to Anzu’s Current Report on Form 8-K filed on April 18, 2023). |
|
|
|
10.5 |
|
Amendment No. 1 to the Subscription Agreement, dated May 12, 2023, by and among Anzu Special Acquisition Corp I and Anzu SPAC GP I LLC (incorporated by reference to Exhibit 10.14 to Anzu’s Registration Statement on Form S-4, filed on May 12, 2023). |
|
|
|
10.6 |
|
Sponsor Support and Forfeiture Agreement, dated as of April 17, 2023 (incorporated by reference to Exhibit 10.2 to Anzu’s Current Report on Form 8-K filed on April 18, 2023). |
|
|
|
10.7 |
|
Form of Shareholder Support Agreement, dated as of April 17, 2023 (incorporated by reference to Exhibit 10.3 to Anzu’s Current Report on Form 8-K filed on April 18, 2023). |
10.8 |
|
Forward Purchase Agreement, dated as of April 17, 2023 (incorporated by reference to Exhibit 10.4 to Anzu’s Current Report on Form 8-K filed on April 18, 2023). |
|
|
|
10.9 |
|
Convertible Promissory Note, dated April 17, 2023, by and between Envoy Medical Corporation and GAT Funding, LLC (incorporated by reference to Exhibit 10.19 to Anzu’s Registration Statement on Form S-4/A, filed on June 30, 2023). |
|
|
|
10.10 |
|
Fourth Amended and Restated Promissory Note, dated July 15, 2022, by and between Envoy Medical Corporation and GAT Funding, LLC (incorporated by reference to Exhibit 10.20 to Anzu’s Registration Statement on Form S-4/A, filed on June 30, 2023). |
|
|
|
10.11 |
|
Third Amended and Restated Credit Agreement, dated July 15, 2022, by and between Envoy Medical Corporation and GAT Funding, LLC (incorporated by reference to Exhibit 10.21 to Anzu’s Registration Statement on Form S-4/A, filed on June 30, 2023). |
|
|
|
10.12 |
|
Third Amended and Restated Convertible Promissory Note, dated May 31, 2019, by and between Envoy Medical Corporation and Allen Lenzmeier Revocable Trust (incorporated by reference to Exhibit 10.22 to Anzu’s Registration Statement on Form S-4/A, filed on June 30, 2023). |
|
|
|
10.13 |
|
Third Amended and Restated Convertible Promissory Note, dated May 31, 2019, by and between Envoy Medical Corporation and CBR Holdings, LLC (incorporated by reference to Exhibit 10.23 to Anzu’s Registration Statement on Form S-4/A, filed on June 30, 2023). |
|
|
|
10.14 |
|
Convertible Note Amendment Agreement, dated April 17, 2023, by and between Envoy Medical Corporation and GAT Funding, LLC (incorporated by reference to Exhibit 10.24 to Anzu’s Registration Statement on Form S-4/A, filed on June 30, 2023). |
|
|
|
10.15 |
|
Convertible Note Amendment Agreement, dated April 17, 2023, by and between Envoy Medical Corporation and Allen Lenzmeier Revocable Trust (incorporated by reference to Exhibit 10.25 to Anzu’s Registration Statement on Form S-4/A, filed on June 30, 2023). |
|
|
|
10.16 |
|
Convertible Note Amendment Agreement, dated April 17, 2023, by and between Envoy Medical Corporation and CBR Holdings, LLC (incorporated by reference to Exhibit 10.26 to Anzu’s Registration Statement on Form S-4/A, filed on June 30, 2023). |
|
|
|
10.17 |
|
Amendment No. 1 to Forward Purchase Agreement, dated as of May 25, 2023 (incorporated by reference to Exhibit 10.27 to Anzu’s Registration Statement on Form S-4/A, filed on June 30, 2023). |
|
|
|
10.18 |
|
Amendment No. 2 to the Subscription Agreement, dated August 23, 2023, by and among Anzu Special Acquisition Corp I and Anzu SPAC GP I LLC (incorporated by reference to Exhibit 10.28 to Anzu’s Registration Statement on Form S-4/A, filed on September 12, 2023). |
|
|
|
10.19 |
|
Amendment No. 1 to Convertible Promissory Note, dated August 23, 2023, by and between Envoy Medical Corporation and GAT Funding, LLC (incorporated by reference to Exhibit 10.29 to Anzu’s Registration Statement on Form S-4/A, filed on September 1, 2023). |
|
|
|
10.20 |
|
Amendment No. 1 to Sponsor Support and Forfeiture Agreement, dated August 31, 2023 (incorporated by reference to Exhibit 10.30 to Anzu’s Registration Statement on Form S-4/A, filed on September 1, 2023). |
|
|
|
10.21 |
|
Form of Envoy Medical, Inc. Indemnification Agreement (incorporated by reference to Exhibit 10.21 to the Company’s Current Report on Form 8-K, filed on October 5, 2023). |
10.22# |
|
Envoy Medical, Inc. Equity Incentive Plan (incorporated
by reference to Exhibit 10.22 to the Company’s Current Report on Form 8-K, filed on October 5, 2023). |
|
|
|
10.23# |
|
Envoy Medical, Inc. Employee Stock Purchase Plan (incorporated
by reference to Exhibit 10.23 to the Company’s Current Report on Form 8-K, filed on October 5, 2023). |
|
|
|
10.24 |
|
Amendment No. 2 to Forward Purchase Agreement, dated as of September 28, 2023 (incorporated by reference
to Exhibit 10.24 to the Company’s Current Report on Form 8-K, filed on October 5, 2023). |
|
|
|
21.1 |
|
List of subsidiaries (incorporated by reference to
Exhibit 21.1 to the Company’s Current Report on Form 8-K, filed on October 5, 2023). |
|
|
|
99.1* |
|
Unaudited pro forma condensed combined financial information
of the Company as of June 30, 2023 and for the year ended December 31, 2022 and for the six months ended June 30, 2023. |
|
|
|
104 |
|
Cover Page Interactive Data File (embedded within the
Inline XBRL document) |
| † | Certain
schedules and exhibits to this Exhibit have been omitted pursuant to Item 601(a)(5) or Item 601(b)(10)(iv), as applicable, of Regulation
S-K. The Registrant agrees to furnish supplemental copies of all omitted exhibits and schedules to the Securities and Exchange Commission
upon its request. |
| * | Filed
or furnished herewith. |
| # | Indicates
management contract or compensatory plan or arrangement. |
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.
Dated:
October 6, 2023
|
Envoy
Medical, Inc. |
|
|
|
By: |
/s/
Brent Lucas |
|
|
Brent
Lucas
Chief
Executive Officer |
5