On January 28, 2024, management of BioSig Technologies, Inc. (the ?Company?) commenced a workforce reduction intended to reduce annual cash burn by approximately 50%, which was completed as of January 31, 2024. The workforce reduction consisted of the departure of sixteen employees, effective as of January 31, 2024 (the ?Effective Date?) and included the departure of John Sieckhaus, the Company?s Chief Operating Officer, and Gray Fleming, the Company?s Chief Commercial Officer. Mr. Sieckhaus and Mr. Fleming, effective as of the Effective Date, are departing from the Company.

Mr. Sieckhaus and Mr. Fleming will continue to advise the Company as consultants following the Effective Date, pursuant to the terms of their consulting agreements.