UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
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Item 8.01 Other Events.
On April 17, 2024, the United States District Court for the District of Nevada granted final approval of the settlement of the previously disclosed federal securities class action lawsuit entitled In re Paysign, Inc. Securities Litigation, which had been brought against Paysign, Inc. (the “Company”) and certain of its current or former directors and officers. As previously described in the Company’s Annual Report on Form 10-K filed on March 27, 2024, under the settlement, all claims against the Company and the individual defendants have been dismissed with prejudice, in exchange for payment to the referenced class of purchasers in the amount of $3,750,000, the entirety of which is being paid from proceeds of the Company’s directors-and-officers insurance policy.
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SIGNATURES
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.
PAYSIGN, INC.
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Date: April 18, 2024 | By: /s/ Mark Newcomer |
Mark Newcomer, Chief Executive Officer |
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