UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 7.01 Regulation FD Disclosure.
On September 5, 2023, the Comptroller of the City of New York issued a letter (the “Comptroller Letter”) to the Commissioner of the Department of Housing Preservation and Development (“HPD”) regarding HPD’s agreement with Rapid Reliable Testing NY LLC, a subsidiary of DocGo Inc. (the “Company”), for the provision of certain services to asylum seekers (the “Agreement”). In the Comptroller Letter, the Comptroller indicated that his office was returning the Agreement to HPD without approval.
On September 6, 2023, the Company received a letter from HPD stating that, notwithstanding the Comptroller Letter, (i) HPD intends to inform the Comptroller that he is required to take the necessary steps for HPD to make payments under the Agreement, (ii) there is no risk of non-payment as a result of the Comptroller Letter, and the Company will be paid in accordance with the Agreement, and (iii) payment under the Agreement will commence promptly (the “HPD Letter”). A copy of the HPD Letter is attached to this Current Report on Form 8-K (this “Report”) as Exhibit 99.1.
The information in Item 7.01 of this Report and the HPD Letter attached hereto is being furnished and shall not be deemed “filed” for purposes of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor shall it be deemed incorporated by reference into any registration statement or other filing under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, except as shall be expressly set forth by specific reference to such filing.
Cautionary Note Regarding Forward-Looking Statements
This Report and the HPD Letter contain forward-looking statements (including within the meaning of Section 21E of the Exchange Act and Section 27A of the Securities Act) concerning the Company. These statements may be identified by words such as “may”, “will”, “expect”, “intend”, “plan”, “potential”, “believe”, “seek”, “could”, “estimate”, “judgment”, “targeting”, “should”, “anticipate”, “predict” “project”, “aim”, “goal”, “outlook”, “guidance”, and similar words, phrases or expressions. These forward-looking statements are based on management’s current expectations and beliefs, as well as assumptions made by, and information currently available to, management, and current market trends and conditions. Forward-looking statements inherently involve risks and uncertainties, many of which are beyond the Company’s control, and which may cause actual results to differ materially from those contained in our forward-looking statements. Accordingly, you should not place undue reliance on such statements. Particular uncertainties that could materially affect current or future results include risks associated with the Company’s ability to receive payment pursuant to the Agreement; possible accounting adjustments made in the process of finalizing reported financial results; any risks associated with global economic conditions and concerns; the effects of global outbreaks of pandemics or contagious diseases or fear of such outbreaks, such as the COVID-19 coronavirus pandemic; competitive pressures; pricing declines; rates of growth in our target markets; our ability to improve gross margins; cost-containment measures; legislative and regulatory actions; the impact of legal proceedings and compliance risks; the impact on our business and reputation in the event of information technology system failures, network disruptions, cyber-attacks, or losses or unauthorized access to, or release of, confidential information; and the ability of the Company to comply with laws and regulations regarding data privacy and protection. The Company undertakes no intent or obligation to publicly update or revise any of these forward-looking statements, whether as a result of new information, future events or otherwise.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. | Description | |
99.1 | Letter from HPD to the Company, dated September 6, 2023 | |
104 | Cover Page Interactive Data File (formatted as Inline XBRL) |
1
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.
DOCGO INC. | ||
By: | /s/ Ely D. Tendler | |
Name: Ely D. Tendler | ||
Title: General Counsel and Secretary |
Date: September 6, 2023
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Exhibit 99.1
ADOLFO CARRIÓN JR. Commissioner |
Office of the Commissioner 100 Gold Street New York, N.Y. 10038 |
September 6, 2023
Anthony Capone
Chief Executive Officer
Rapid Reliable Testing NY, LLC (d/b/a DocGo)
35 West 35th Street
New York, New York 10001
Re: | Rapid Reliable Testing NY LLC Contract #20248801671 |
Dear Mr. Capone,
I refer to the letter received by my office yesterday from New York City Comptroller Brad Lander, stating that your above referenced contract (the “Contract”) with the Department of Housing Preservation and Development (“HPD”) is being returned.
Please be advised that the Comptroller’s letter and his statements related thereto reported in the New York Times this morning notwithstanding, HPD intends to inform the Comptroller that he is required to take the necessary steps for HPD to make payments under the Contract. There is no risk of non-payment as a result of the Comptroller’s letter and statements regarding the Contract and DocGo will be paid in accordance with the Contract. Payment under the Contract will commence promptly.
We thank you for your service, dedication and patience as we together address the migrant crisis here in New York.
Sincerely,
/s/ Adolfo Carrion Jr. | |
Adolfo Carrion Jr. | |
Commissioner |