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PAVmed Inc

For the period ended Jun 30, 2024. Filed Aug 12, 2024.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2024 · Filed Aug 12, 2024

PAVM$1.57+1.3%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 10-Q

(Mark One)

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30,2024

OR

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _____ to _____

Commission File Number:001-37685

(Exact Name of Registrant as Specified in Its Charter)

Delaware47-1214177
(State or Other Jurisdiction of(IRS Employer
Incorporation or Organization)Identification No.)
360 Madison Avenue
25th Floor
New York, NY10017
(Address of Principal Executive Offices)(Zip Code)

(917) 813-1828

(Registrant’s Telephone Number, Including Area Code)

Securities registered pursuant to Section 12(b) of the Exchange Act:

Title of each ClassTrading Symbol(s)Name of each Exchange on which Registered
Common Stock, $0.001 par value per sharePAVMThe NASDAQ Stock Market LLC
Series Z Warrants, each to purchase 1/15th of one share of Common StockPAVMZThe NASDAQ Stock Market LLC

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of ”large accelerated filer”, “accelerated filer” , “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large Accelerated filer☐Accelerated filed☐
Non-accelerated filer☒Smaller reporting company☒
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(c) of the Exchange Act ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No☒

As of June 30, 2024 and August 8, 2024, there were 10,010,844 and 10,406,433 shares, respectively, of the registrant’s Common Stock, par value $0.001 per share, issued and outstanding (with such number of shares inclusive of shares of common stock underlying unvested restricted stock awards granted under the PAVmed Inc. 2014 Long-Term Incentive Equity Plan as of such date).

TABLE OF CONTENTS

Page
Part I - Financial Information
Item 1. · Financial Statements
Condensed Consolidated Balance Sheets (unaudited) as of June 30, 2024 and December 31, 20231
Condensed Consolidated Statements of Operations (unaudited) for the three and six months ended June 30, 2024 and 20232
Condensed Consolidated Statements of Changes in Stockholders’ Equity (Deficit) (unaudited) for the three and six months ended June 30, 2024 and 20233
Condensed Consolidated Statements of Cash Flows (unaudited) for the six months ended June 30, 2024 and 20237
Notes to Unaudited Condensed Consolidated Financial Statements8
Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations29
Item 4.Controls and Procedures40
Part II - Other Information
Item 1.Legal Proceedings41
Item 5.Other Information41
Item 6.Exhibits41
Signature42
Exhibit Index43

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.