Current Report Filing (8-k)
June 02 2021 - 4:06PM
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 27, 2021
NEWHYDROGEN,
INC.
(Exact
name of registrant as specified in its charter)
Nevada
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000-54819
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20-4754291
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(State
or other jurisdiction
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(Commission
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(IRS
Employer
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of
incorporation)
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File
Number)
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Identification
No.)
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27936
Lost Canyon Road, Suite 202, Santa Clarita, CA 91387
(Address
of principal executive offices and Zip Code)
Registrant’s
telephone number, including area code: (661) 251-0001
N/A
(Former
name or former address, if changed since last report.)
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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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 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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[ ]
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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[ ]
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
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Ticker
symbol(s)
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Name
of each exchange on which registered
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N/A
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N/A
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N/A
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Indicate
by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act
of 1933 (§230.405 of this chapter) or Rule 12b2 of the Securities Exchange Act of 1934 (§240.12b2 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. [ ]
Item
1.02 Termination of a Material Definitive Agreement.
On
May 27, 2021, NewHydrogen, Inc. (the “Company”) provided written notice to Soelect, Inc. (“Soelect”) of
the Company’s termination of the Joint Development Agreement dated March 6, 2020, (the “Agreement”) which termination
will take effect on June 26, 2021. The parties had previously entered into the Agreement to pursue the joint development of the
low-cost manufacturing of SiO-C-Li Composition using solid state process.
The
Company’s board of directors has determined that it would be in the best interests of the Company’s shareholders to
suspend its outsourced silicon battery technology development program and focus its financial resources solely on the development
of inexpensive catalysts for electrolyzers to lower the cost of Green Hydrogen production.
The
Company will not incur any early termination penalties in connection with the termination of the Agreement.
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.
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NewHydrogen,
Inc.
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Date:
June 2, 2021
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/s/
David Lee
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David
Lee
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Chief
Executive Officer
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NewHydrogen (PK) (USOTC:NEWH)
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