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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
10-K/A
(Amendment
No. 1)
☒ |
ANNUAL
REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For
the fiscal year ended December 31, 2022
or
☐ |
TRANSITION
REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
Commission
File Number 001-37428
Qualigen
Therapeutics, Inc.
(Exact
name of registrant as specified in its charter)
Delaware |
|
26-3474527 |
(State
or other jurisdiction of
incorporation
or organization) |
|
(I.R.S.
Employer
Identification
No.) |
2042
Corte Del Nogal, Carlsbad, California 92011
(Address
of principal executive offices) (Zip Code)
(760)
918-9165
Registrant’s
telephone number, including area code
Securities
registered pursuant to Section 12(b) of the Act:
Title
of Each Class |
|
Trading
Symbol |
|
Name of
Exchange on Which Registered |
Common Stock, par value
$0.001 per share |
|
QLGN |
|
The Nasdaq Capital Market |
Securities
registered pursuant to Section 12(g) of the Act:
None
Indicate
by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐ No ☒
Indicate
by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐ No ☒
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 every 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 emerging growth company. See 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 filer |
☐ |
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(a) of the Exchange Act. ☐
Indicate
by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness
of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered
public accounting firm that prepared or issued its audit report. ☐
If
securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant
included in the filing reflect the correction of an error to previously issued financial statements. ☐
Indicate
by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation
received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).
☐
Indicate
by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes ☐ No ☒
As
of June 30, 2022, the aggregate market value of the registrant’s common stock held by non-affiliates was approximately $21,943,148
based on the closing price for the common stock of $5.70 on that date. Shares of common stock held by the registrant’s executive
officers and directors have been excluded from this calculation, as such persons may be deemed to be affiliates of the registrant. This
determination of affiliate status is not necessarily a conclusive determination for other purposes.
As
of April 11, 2023, there were 5,052,463 shares of the registrant’s common stock outstanding.
DOCUMENTS
INCORPORATED BY REFERENCE
None.
Audit Firm ID |
|
Auditor Name |
|
Auditor Location |
23 |
|
BAKER TILLY US, LLP |
|
San Diego, California |
EXPLANATORY
NOTE
Qualigen
Therapeutics, Inc. (“Qualigen”) is filing this Amendment No. 1 on Form 10-K/A (this “Amendment”) to correct certain
errors found in the Exhibit Index included in Part IV, Item 15 of its Annual Report on Form 10-K for the fiscal year ended December 31,
2022, as filed with the Securities and Exchange Commission (the “SEC”) on May 2, 2023 (the “Original 10-K”),
and to make certain changes to Exhibit 4.9, which is being refiled with this Amendment. Accordingly, the Exhibit Index has been amended
and restated in its entirety to reflect these changes. Qualigen is also providing new certifications from its principal executive officer
and principal financial officer as required by Rule 12b-15 under the Securities Exchange Act of 1934, as amended.
Except
as described above, Qualigen has not modified or updated any disclosures contained in the Original 10-K. Accordingly, this Amendment
does not reflect events occurring after the date of filing of the Original 10-K and therefore continues to speak only as of the date
of the Original 10-K.
PART
IV
Item
15. Exhibits and Financial Statement Schedules
(a)
3. Exhibits. See EXHIBIT INDEX
EXHIBIT
INDEX
Exhibit
No. |
|
Description |
|
Form |
|
File
No. |
|
Exhibit |
|
Filing
Date |
|
|
|
|
|
|
|
|
|
|
|
2.1 |
|
Contingent Value Rights Agreement, dated May 22, 2020, among the Company, John Beck in the capacity of CVR Holders’ Representative and Andrew J. Ritter in his capacity as a consultant to the Company. |
|
8-K |
|
001-37428 |
|
2.4 |
|
5/29/2020 |
|
|
|
|
|
|
|
|
|
|
|
3.1 |
|
Amended and Restated Certificate of Incorporation of Ritter Pharmaceuticals, Inc. |
|
8-K |
|
001-37428 |
|
3.1 |
|
7/1/2015 |
|
|
|
|
|
|
|
|
|
|
|
3.2 |
|
Certificate of Amendment to the Amended and Restated Certificate of Incorporation |
|
8-K |
|
001-37428 |
|
3.1 |
|
9/15/2017 |
|
|
|
|
|
|
|
|
|
|
|
3.3 |
|
Certificate of Amendment to the Amended and Restated Certificate of Incorporation |
|
8-K |
|
001-37428 |
|
3.1 |
|
3/22/2018 |
|
|
|
|
|
|
|
|
|
|
|
3.4 |
|
Certificate of Designation of Preferences, Rights and Limitations of Series Alpha Preferred Stock of the Company, filed with the Delaware Secretary of State on May 29, 2020 |
|
8-K |
|
001-37428 |
|
3.1 |
|
5/29/2020 |
|
|
|
|
|
|
|
|
|
|
|
3.5 |
|
Certificate of Amendment to the Certificate of Incorporation of the Company, filed with the Delaware Secretary of State on May 22, 2020 [reverse stock split] |
|
8-K |
|
001-37428 |
|
3.2 |
|
5/29/2020 |
|
|
|
|
|
|
|
|
|
|
|
3.6 |
|
Certificate of Merger, filed with the Delaware Secretary of State on May 22, 2020 |
|
8-K |
|
001-37428 |
|
3.3 |
|
5/29/2020 |
|
|
|
|
|
|
|
|
|
|
|
3.7 |
|
Certificate of Amendment to the Certificate of Incorporation of the Company, filed with the Delaware Secretary of State on May 22, 2020 |
|
8-K |
|
001-37428 |
|
3.4 |
|
5/29/2020 |
|
|
|
|
|
|
|
|
|
|
|
3.8 |
|
Amended and Restated Bylaws of the Company, as of August 10, 2021 |
|
8-K |
|
001-37428 |
|
3.1 |
|
8/13/2021 |
|
|
|
|
|
|
|
|
|
|
|
3.9 |
|
Certificate of Amendment to the Amended and Restated Certificate of Incorporation, as amended. |
|
8-K |
|
001-37428 |
|
3.1 |
|
11/22/2022 |
|
|
|
|
|
|
|
|
|
|
|
4.1 |
|
Warrant, issued by the Company in favor of Alpha Capital Anstalt, dated May 22, 2020 |
|
8-K |
|
001-37428 |
|
10.13 |
|
5/29/2020 |
4.2 |
|
Form of Warrant, issued by the Company in favor of GreenBlock Capital LLC and its designees, dated May 22, 2020 [post-Merger] |
|
8-K |
|
001-37428 |
|
10.10 |
|
5/29/2020 |
|
|
|
|
|
|
|
|
|
|
|
4.3 |
|
Common Stock Purchase Warrant in favor of Alpha Capital Anstalt, dated July 10, 2020 |
|
8-K |
|
001-37428 |
|
10.2 |
|
7/10/2020 |
|
|
|
|
|
|
|
|
|
|
|
4.4 |
|
Common Stock Purchase Warrant in favor of Alpha Capital Anstalt, dated August 4, 2020 |
|
8-K |
|
001-37428 |
|
10.3 |
|
8/4/2020 |
|
|
|
|
|
|
|
|
|
|
|
4.5 |
|
“Two-Year” Common Stock Purchase Warrant for 1,348,314 shares in favor of Alpha Capital Anstalt, dated December 18, 2020 |
|
8-K |
|
001-37428 |
|
10.3 |
|
12/18/2020 |
|
|
|
|
|
|
|
|
|
|
|
4.6 |
|
“Deferred” Common Stock Purchase Warrant in favor of Alpha Capital Anstalt, dated December 18, 2020 |
|
8-K |
|
001-37428 |
|
10.4 |
|
12/18/2020 |
|
|
|
|
|
|
|
|
|
|
|
4.7 |
|
Form of liability classified Warrant to Purchase Common Stock |
|
10-K |
|
001-37428 |
|
4.13 |
|
3/31/2021 |
|
|
|
|
|
|
|
|
|
|
|
4.8 |
|
Form of “service provider” compensatory equity classified Warrant |
|
10-K |
|
001-37428 |
|
4.14 |
|
3/31/2021 |
|
|
|
|
|
|
|
|
|
|
|
4.9* |
|
Description of Common Stock |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4.10 |
|
Amended and Restated Common Stock Purchase Warrant to GreenBlock Capital LLC, dated April 25, 2022 |
|
10-Q |
|
001-37428 |
|
4.15 |
|
5/13/2022 |
|
|
|
|
|
|
|
|
|
|
|
4.11 |
|
Amended and Restated Common Stock Purchase Warrant to Christopher Nelson, dated April 25, 2022 |
|
10-Q |
|
001-37428 |
|
4.16 |
|
5/13/2022 |
|
|
|
|
|
|
|
|
|
|
|
4.12 |
|
Common Stock Purchase Warrant for 2,500,000 shares in favor of Alpha Capital Anstalt, dated December 22, 2022 |
|
8-K |
|
001-37428 |
|
4.1 |
|
12/22/2022 |
10.1+ |
|
Executive Employment Agreement, by and between Qualigen, Inc. and Michael Poirier, dated as of February 1, 2017 and as amended on January 9, 2018 |
|
8-K |
|
001-37428 |
|
10.1 |
|
5/29/2020 |
|
|
|
|
|
|
|
|
|
|
|
10.2+ |
|
Executive Employment Agreement, by and between Qualigen, Inc. and Christopher Lotz, dated as of February 1, 2017 and as amended on January 9, 2018 |
|
8-K |
|
001-37428 |
|
10.2 |
|
5/29/2020 |
|
|
|
|
|
|
|
|
|
|
|
10.3+ |
|
Executive Employment Agreement dated December 10, 2021 with Amy Broidrick |
|
10-K |
|
001-37428 |
|
10.53 |
|
3/31/2022 |
|
|
|
|
|
|
|
|
|
|
|
10.4+ |
|
2020 Stock Equity Incentive Plan
|
|
8-K |
|
001-37428 |
|
10.20 |
|
5/29/2020 |
|
|
|
|
|
|
|
|
|
|
|
10.5+ |
|
Standard template of Stock Option Agreement for use under 2020 Stock Incentive Plan |
|
8-K |
|
001-37428 |
|
10.1 |
|
6/11/2020 |
|
|
|
|
|
|
|
|
|
|
|
10.6+ |
|
Form of Indemnification Agreement – Qualigen, Inc. |
|
8-K |
|
001-37428 |
|
10.21 |
|
5/29/2020 |
|
|
|
|
|
|
|
|
|
|
|
10.7 |
|
Exclusive Agreement (QN-247), by and between Qualigen, Inc. and University of Louisville Research Foundation, Inc. dated as of June 8, 2018 |
|
S-4/A |
|
333-236235 |
|
10.58 |
|
3/13/2020 |
|
|
|
|
|
|
|
|
|
|
|
10.8 |
|
Amendment 1 to the Exclusive License Agreement (QN-247), by and between Qualigen, Inc. and University of Louisville Research Foundation, Inc., dated March 16, 2021 |
|
10-K |
|
001-37428 |
|
10.8 |
|
5/2/2023 |
10.9 |
|
Amendment 2 to the Exclusive License Agreement (QN-247), by and between Qualigen, Inc. and University of Louisville Research Foundation, Inc., dated January 17, 2023 |
|
10-K |
|
001-37428 |
|
10.9 |
|
5/2/2023 |
|
|
|
|
|
|
|
|
|
|
|
10.10 |
|
Exclusive License Agreement between the Company and University of Louisville Research Foundation (RAS), Inc., dated as of July 17, 2020 |
|
8-K |
|
001-37428 |
|
10.4 |
|
8/4/2020 |
|
|
|
|
|
|
|
|
|
|
|
10.11 |
|
Amendment 1 to the Exclusive License Agreement (RAS), by and between Qualigen, Inc. and University of Louisville Research Foundation, Inc., dated March 16, 2021 |
|
10-K |
|
001-37428 |
|
10.11 |
|
5/2/2023 |
|
|
|
|
|
|
|
|
|
|
|
10.12 |
|
License Agreement between Qualigen, Inc. and Advanced Cancer Therapeutics, LLC dated December 17, 2018 |
|
S-4/A |
|
001-37428 |
|
10.59 |
|
3/13/2020 |
|
|
|
|
|
|
|
|
|
|
|
10.13 |
|
Novation Agreement among the Company, Qualigen, Inc. and Advanced Cancer Therapeutics, LLC dated July 29, 2020 |
|
10-K |
|
001-37428 |
|
10.31 |
|
3/31/2021 |
|
|
|
|
|
|
|
|
|
|
|
10.14 |
|
Technology Transfer Agreement dated as of October 7, 2020 between Qualigen, Inc. and Yi Xin Zhen Duan Jishu (Suzhou) Ltd. |
|
8-K |
|
001-37428 |
|
10.1 |
|
10/9/2020 |
|
|
|
|
|
|
|
|
|
|
|
10.15 |
|
Novation Agreement among the Company, Qualigen, Inc. and University of Louisville Research Foundation, Inc. dated January 30, 2021 |
|
10-Q |
|
001-37428 |
|
10.1 |
|
5/14/2021 |
|
|
|
|
|
|
|
|
|
|
|
10.16 |
|
Novation Agreement among the Company, Qualigen, Inc. and University of Louisville Research Foundation, Inc. dated March 1, 2021 |
|
10-Q |
|
001-37428 |
|
10.2 |
|
5/14/2021 |
10.17+ |
|
Hire offer letter from the Company to Tariq Arshad, dated April 22, 2021 |
|
10-Q |
|
001-37428 |
|
10.1 |
|
8/16/2021 |
|
|
|
|
|
|
|
|
|
|
|
10.18 |
|
Amendment to Technology Transfer Agreement between Yi Xin Zhen Duan Jishu (Suzhou) Ltd. and Qualigen, Inc., dated August 5, 2021 |
|
10-Q |
|
001-37428 |
|
10.2 |
|
11/15/2021 |
|
|
|
|
|
|
|
|
|
|
|
10.19 |
|
Amendment to 2020 Stock Incentive Plan (approved by the Board of Directors on April 27, 2021 and by the Stockholders on August 9, 2021) |
|
10-Q |
|
001-37428 |
|
10.3 |
|
11/15/2021 |
|
|
|
|
|
|
|
|
|
|
|
10.20 |
|
Second Amendment to Lease with Bond Ranch LP dated December 15, 2021 |
|
10-K |
|
001-37428 |
|
10.54 |
|
3/31/2022 |
|
|
|
|
|
|
|
|
|
|
|
10.21 |
|
First Deed of Variation to License Agreement with UCL Business Limited dated March 30, 2022 |
|
10-K |
|
001-37428 |
|
10.21 |
|
5/2/2023 |
|
|
|
|
|
|
|
|
|
|
|
10.22 |
|
Series B Preferred Share Purchase Agreement between the Company and NanoSynex Ltd. dated April 29, 2022 |
|
10-Q |
|
001-37428 |
|
10.1 |
|
5/13/2022 |
|
|
|
|
|
|
|
|
|
|
|
10.23 |
|
Share Purchase Agreement between the Company and Alpha Capital Anstalt dated April 29, 2022 |
|
10-Q |
|
001-37428 |
|
10.2 |
|
5/13/2022 |
|
|
|
|
|
|
|
|
|
|
|
10.24 |
|
Master Agreement for the Operational and Technological Funding of NanoSynex between Qualigen Therapeutics, Inc. and NanoSynex Ltd., dated May 26, 2022 |
|
8-K |
|
001-37428 |
|
10.1 |
|
6/2/2022 |
|
|
|
|
|
|
|
|
|
|
|
10.25+ |
|
Qualigen Therapeutics, Inc. 2022 Employee Stock Purchase Plan |
|
10-Q |
|
001-37428 |
|
10.1 |
|
11/14/2022 |
10.26+ |
|
Amendment No. 2 to the 2020 Stock Incentive Plan of Qualigen Therapeutics, Inc. |
|
8-K |
|
001-37428 |
|
10.1 |
|
11/22/2022 |
|
|
|
|
|
|
|
|
|
|
|
10.27+ |
|
Amendment No. 1 to the 2022 Employee Stock Purchase Plan of Qualigen Therapeutics, Inc. |
|
8-K |
|
001-37428 |
|
10.2 |
|
11/22/2022 |
|
|
|
|
|
|
|
|
|
|
|
10.28 |
|
Securities Purchase Agreement, dated December 21, 2022, by and between Qualigen Therapeutics, Inc. and Alpha Capital Anstalt |
|
8-K |
|
001-37428 |
|
10.1 |
|
12/22/2022 |
|
|
|
|
|
|
|
|
|
|
|
10.29 |
|
8% Senior Convertible Debenture Due December 22, 2025 |
|
8-K |
|
001-37428 |
|
10.2 |
|
12/22/2022 |
|
|
|
|
|
|
|
|
|
|
|
10.30 |
|
Registration Rights Agreement, dated December 22, 2022, by and between Qualigen Therapeutics, Inc. and Alpha Capital Anstalt |
|
8-K |
|
001-37428 |
|
10.3 |
|
12/22/2022 |
|
|
|
|
|
|
|
|
|
|
|
10.31+ |
|
Letter to Michael P. Poirier, dated January 13, 2023, regarding compensatory changes |
|
10-K |
|
001-37428 |
|
10.31 |
|
5/2/2023 |
|
|
|
|
|
|
|
|
|
|
|
10.32+ |
|
Letter to Amy Broidrick, dated January 13, 2023, regarding compensatory changes |
|
10-K |
|
001-37428 |
|
10.32 |
|
5/2/2023 |
|
|
|
|
|
|
|
|
|
|
|
10.33+ |
|
Letter to Tariq Arshad, dated January 13, 2023, regarding compensatory changes |
|
10-K |
|
001-37428 |
|
10.33 |
|
5/2/2023 |
|
|
|
|
|
|
|
|
|
|
|
14.1 |
|
Code of Business Conduct and Ethics |
|
8-K |
|
001-37428 |
|
14.1 |
|
5/29/2020 |
|
|
|
|
|
|
|
|
|
|
|
21.1 |
|
Subsidiaries of the Registrant |
|
10-K |
|
001-37428 |
|
21.1 |
|
5/2/2023 |
|
|
|
|
|
|
|
|
|
|
|
23.1 |
|
Consent of Baker Tilly US, LLP, independent registered public accounting firm |
|
10-K |
|
001-37428 |
|
23.1 |
|
5/2/2023 |
|
|
|
|
|
|
|
|
|
|
|
24.1 |
|
Power of Attorney (included on signature page) |
|
10-K |
|
001-37428 |
|
24.1 |
|
5/2/2023 |
|
|
|
|
|
|
|
|
|
|
|
31.1* |
|
Certificate of principal executive officer pursuant to Rule 13a-14(a)/15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
31.2* |
|
Certificate of principal financial officer pursuant to Rule 13a-14(a)/15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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32.1 |
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Certificate of principal executive officer and principal financial officer pursuant to 18 U.S.C. § 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. |
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10-K |
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001-37428 |
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32.1 |
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5/2/2023 |
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101.INS# |
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Inline
XBRL Instance Document. |
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101.SCH# |
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Inline
XBRL Taxonomy Extension Schema Document. |
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101.CAL# |
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Inline
XBRL Taxonomy Extension Calculation Linkbase Document. |
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101.DEF# |
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Inline
XBRL Taxonomy Extension Definition Linkbase Document. |
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101.LAB# |
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Inline
XBRL Taxonomy Extension Label Linkbase Document. |
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101.PRE# |
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Inline
XBRL Taxonomy Extension Presentation Linkbase Document. |
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104 |
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Cover
Page Interactive Data File (embedded within the Inline XBRL document) |
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*
Filed or furnished herewith.
**
Schedules have been omitted pursuant to Item 601(b)(2) of Regulation S-K. A copy of any omitted schedules will be furnished to the SEC
upon request.
+
Indicates management contract or compensatory plan or arrangement.
#
XBRL (Extensible Business Reporting Language) information is furnished and not filed herewith, is not a part of a registration statement
or Prospectus for purposes of sections 11 or 12 of the Securities Act of 1933, is deemed not filed for purposes of section 18 of the
Securities Exchange Act of 1934, and otherwise is not subject to liability under these sections.
SIGNATURES
Pursuant
to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this Annual Report
to be signed on its behalf by the undersigned, thereunto duly authorized.
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Qualigen Therapeutics, Inc. |
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By: |
/s/
Michael S. Poirier |
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Michael S. Poirier |
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Chairman of the Board,
Chief Executive Officer |
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Date: July 7, 2023 |
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