Current Report Filing (8-k)
July 02 2021 - 4:16PM
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): July 2, 2021
AIKIDO PHARMA INC.
(Exact name of registrant as specified
in its charter)
Delaware
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000-05576
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52-0849320
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(State or other jurisdiction
of
incorporation)
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(Commission File Number)
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(I.R.S. Employer
Identification
No.)
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One Rockefeller Plaza, 11th Floor, New York, NY
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10020
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(Address of principal executive offices)
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(Zip Code)
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Registrant’s telephone number, including area code: (212) 745-1374
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:
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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 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 240.13a-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 $0.0001 per share
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AIKI
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The NASDAQ Capital Market
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Item
5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.
On June 28, 2021,
the Compensation Committee of the Board of Directors of AIkido Pharma, Inc. (the “Company”) entered into an amendment to the
employment agreement between the Company and Anthony Hayes, the Company’s Chief Executive Officer, dated September 6, 2013, as amended
on April 1, 2016 and October 9, 2017, (the “Employment Agreement”), which became effective on July 1, 2021 (the “Amendment”).
The Amendment provides that the term of the Employment Agreement shall be extended to June 28, 2024 and that Mr. Hayes’ executive
compensation will be increased to $500,000 annually. Mr. Hayes will also be entitled to certain additional milestone and performance based
fees, as described in the Amendment.
All other terms of the Employment Agreement shall
remain in full force and effect.
The foregoing description
of the terms of the Amendment does not purport to be complete and is qualified in its entirety by reference to the Amendment, which is
filed as Exhibit 10.1 hereto and incorporated herein by reference.
Item
9.01. Financial Statements and Exhibits.
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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AIKIDO PHARMA, INC.
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Date: July 2, 2021
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By:
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/s/ Anthony Hayes
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Name:
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Anthony Hayes
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Chief Executive Officer
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2
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