Current Report Filing (8-k)
May 06 2019 - 9:40AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
May 1, 2019
BIOXYTRAN, INC.
(Exact Name if Business Issuer as specified
in its Charter)
Nevada
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001-35027
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26-2797630
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(State or other Jurisdiction
of Incorporation)
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(Commission File Number)
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(IRS Employer
Identification Number)
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233 Needham Street,
Suite 300
Newton MA, 02464
(Address of principal executive offices,
including zip code)
(617) 494-1199
(Registrant’s telephone number including
area code)
Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions
(see General Instruction A.2. below):
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☐
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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☐
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Soliciting
material pursuant to Rule 1 4a- 12 under the Exchange Act (17 CFR 240.1 4a- 12)
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☐
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Pre-commencement
communications pursuant to Rule 1 4d-2(b) under the Exchange Act (17 CFR 240.1 4d-2(b))
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☐
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Pre-commencement
communications pursuant to Rule 1 3e-4(c) under the Exchange Act (17 CFR 240.1 3e-4(c))
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Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2
of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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. ☐
Securities registered pursuant to Section
12(b) of the Act:
Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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Common Stock, par value $0.001
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BIXT
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OTC(Pink)
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Item 1.01. Entry Into a Material Definitive
Agreement.
On May 6, 2019,
Bioxytran, Inc. (“Bioxytran”) and Asclepius LLC entered into a one-year Scientific Advisory Board Agreement, effective
as of May 1, 2018 (the “Scientific Advisory Board Agreement”) whereby Juan Carlos Lopez Talavera (“Advisor”)
will serve as a member of Bioxytran’s Scientific Advisory Board. Advisor will provide assistance and advice to the
company in his field of expertise as a developer of pharmaceutical compounds and mentor Bioxytran’s through the Food and
Drug Administration’s regulatory submission and approval process. Advisor will commit such time as possible without interfering
with his existing duties with his current employer but in no event more than 20 days per year.
As compensation
for his services, Bioxytran will issue Advisor options to purchase up to 45,000 shares of Bioxytran’s common stock, par value
$0.01 per share (the “Common Stock”), under the Company’s 2010 Employee, Director and Consultant Stock Plan,
or any successor plan thereto, at the beginning of each successive quarter of service, exercisable at a price equal to 110% of
the market price of Bioxytran’s Common Stock on the date of issuance. In addition, Bioxytran will pay for Advisor’s
expenses up to $500 per quarter. The Scientific Advisory Agreement may be terminated by either party with 30 days prior written
notice. Upon termination of the Scientific Advisory Board Agreement, Advisor shall receive payment for services performed and expenses
paid or incurred prior to the date of termination. The Scientific Advisory Board Agreement
also
contains protection for Bioxytran’s intellectual property and for the intellectual property of Advisor’s employer.
The foregoing
description of the Scientific Advisory Agreement does not purport to be complete and is qualified in its entirety by reference
to the full text of the form of Scientific Advisory Agreement, which is filed as Exhibit 10.24 to this Current Report on Form 8-K
and incorporated herein by reference.
Item 8.01.
Other Events.
On May 6, 2019, Bioxytran
issued a press release announcing that Juan Carlos Lopez Talavera, former Bristol-Myers Squibb executive joined Bioxytran’s
Scientific Advisory Board.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
SIGNATURES
Pursuant to the requirements of the Securities
and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly
authorized.
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By:
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/s/ Dr. David Platt
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Name:
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Dr. David Platt
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Title:
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President and Chief Executive Officer
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Dated: May 6, 2019
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