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 1, 2021
ENVERIC
BIOSCIENCES, INC.
(Exact
name of Registrant as specified in its charter)
Delaware
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001-38286
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95-4484725
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(State
or other jurisdiction
of
incorporation)
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(Commission
File
No.)
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(IRS
Employer
Identification
No.)
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Enveric
Biosciences, Inc.
4851
Tamiami Trail N, Suite 200
Naples,
FL 34103
(Address
of principal executive offices and zip code)
Registrant’s
telephone number, including area code: (239) 302-1707
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:
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[X]
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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[X]
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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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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 $0.01 per share
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ENVB
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The
Nasdaq Stock Market
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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. [ ]
Item
5.08 Shareholder Director Nominations.
As
previously reported on a Current Report on Form 8-K filed by Enveric Biosciences, Inc. (the “Company”) with the Securities
and Exchange Commission (“SEC”) on May 24, 2021, the Company entered into that certain amalgamation agreement with
MagicMed Industries Inc. (“MagicMed”), pursuant to which, among other things, the amalgamated corporation will become
an indirect wholly-owned subsidiary of the Company. Pursuant to the amalgamation agreement, the Company filed a registration statement
on Form S-4 with the SEC that contained a preliminary proxy statement/prospectus with respect to a proposed special meeting of stockholders
to consider and vote on a proposal to approve the issuance of shares of the Company’s common stock to MagicMed equity holders in
the proposed amalgamation.
On
July 1, 2021, the Board of Directors of the Company established September 14, 2021 as the date of the Company’s 2021 Annual Meeting
of Stockholders (the “2021 Annual Meeting”) and set the close of business on July 30, 2021 as the record date for
those stockholders of record who will be entitled to notice of and to vote at the 2021 Annual Meeting. The Board of Directors determined
that it was in the best interests of the Company and its stockholders to hold the 2021 Annual Meeting in lieu of the special meeting
of stockholders relating to the proposed amalgamation between the Company and MagicMed to minimize the cost, time, and management attention
of hosting two stockholder meetings in close proximity. At the 2021 Annual Meeting, the Company expects to ask stockholders to elect
directors, approve the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2021, and
approve the issuance of the Company’s shares in connection with the proposed amalgamation between the Company and MagicMed. The
Company will publish additional details regarding the exact time, virtual location, and matters to be voted on at the 2021 Annual Meeting
in the Company’s definitive proxy statement for the 2021 Annual Meeting. Because the date of the 2021 Annual Meeting has been changed
by more than 30 days from the anniversary date of the Company’s 2020 Annual Meeting of Stockholders (the “2020 Annual
Meeting”), in accordance with Rule 14a-5(f) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”),
the Company is informing stockholders of such change. Accordingly, a new deadline has been set for submission of proposals by stockholders
for the 2021 Annual Meeting.
Rule
14a-8 Proposals Deadline. Stockholders of the Company who wish to have a proposal considered for inclusion in the Company’s
definitive proxy materials for the 2021 Annual Meeting pursuant to Rule 14a-8 under the Exchange Act must ensure that such proposal is
submitted in writing by July 23, 2021, which the Company has determined to be a reasonable time before it expects to begin to print and
send its proxy materials. Any such proposal must also meet the requirements of Delaware law as well as those requirements set forth in
the rules and regulations of the SEC in order to be eligible for inclusion in the proxy materials for the 2021 Annual Meeting. The July
23, 2021 deadline will also apply in determining whether notice of a stockholder proposal is timely for purposes of exercising discretionary
voting authority with respect to proxies under Rule 14a-4(c) of the Exchange Act.
Advance
Notice Deadlines. In addition, in accordance with the requirements contained in the Company’s Amended and Restated Bylaws,
stockholders of the Company who wish to present a proposal at the 2021 Annual Meeting outside of Rule 14a-8 of the Exchange Act or to
nominate a person for election as a director, must ensure that written notice of such proposal (including all of the information specified
in the Company’s Amended and Restated Bylaws) is received by the Company’s Secretary no later than the close of business
on the 10th day following the day on which public announcement of the date of the 2021 Annual Meeting is first made. Accordingly, notice
of stockholder proposals or nominations of directors for the 2021 Annual Meeting must be received by the close of business, Mountain
Time, on July 16, 2021. Any such proposal must meet the requirements set forth in the Company’s Amended and Restated Bylaws, applicable
Delaware law and the rules and regulations promulgated by the SEC in order to be brought before the 2021 Annual Meeting.
Proposals
and notices must be in writing and received by our Corporate Secretary at Enveric Biosciences, Inc., Attn: Corporate Secretary, 4851
Tamiami Trail N, Suite 200, Naples, Florida 34103.
Item
8.01 Other Events.
The
description above under “Item 5.08–Shareholder Director Nominations” is incorporated by reference into this Item 8.01.
Important
Additional Information Will be Filed with the SEC
This
communication may be deemed to be solicitation material in respect of the proposed transaction between the Company and MagicMed. In connection
with the proposed transaction, the Company has filed relevant materials with the Securities and Exchange Commission (the “SEC”),
including a registration statement that will contain a definitive proxy statement and prospectus. THE COMPANY URGES INVESTORS AND STOCKHOLDERS
TO READ THESE MATERIALS CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT
THE COMPANY, THE PROPOSED TRANSACTIONS AND RELATED MATTERS. Investors and stockholders will be able to obtain free copies of the proxy
statement, prospectus and other documents filed by the Company with the SEC (when they become available) through the website maintained
by the SEC at www.sec.gov. In addition, investors and stockholders will be able to obtain free copies of the proxy statement, prospectus
and other documents filed by the Company with the SEC by contacting Investor Relations by mail at Enveric Biosciences, Inc., Attn: Investor
Relations, 4851 Tamiami Trail N, Suite 200, Naples, Florida 34103. Stockholders are urged to read the proxy statement, prospectus and
the other relevant materials when they become available before making any voting or investment decision with respect to the proposed
transactions.
Participants
in the Solicitation
The
Company and MagicMed, and each of their respective directors and executive officers and certain of their other members of management
and employees, may be deemed to be participants in the solicitation of proxies in connection with the proposed transaction. Additional
information regarding these persons and their interests in the transaction will be included in the proxy statement/prospectus relating
to the proposed transaction when it is filed with the SEC. These documents can be obtained free of charge from the sources indicated
above.
Disclaimer
This
report and the exhibits hereto do not constitute an offer to sell or the solicitation of an offer to buy any securities, or a solicitation
of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall
be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
Cautionary
Statement Regarding Forward-Looking Statements
This
report, including the exhibits attached hereto, contains forward-looking statements within the meaning of Section 27A of the Securities
Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. You can generally identify forward-looking
statements by the use of forward-looking terminology such as “anticipate,” “believe,” “continue,”
“could,” “estimate,” “expect,” “explore,” “evaluate,” “intend,”
“may,” “might,” “plan,” “potential,” “predict,” “project,” “seek,”
“should,” or “will,” or the negative thereof or other variations thereon or comparable terminology. These forward-looking
statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond the Company’s and
MagicMed’s control. Statements in this report regarding the Company, MagicMed and the combined company that are forward-looking,
including projections as to the anticipated benefits of the proposed transaction, the impact of the proposed transaction on the Company’s
and MagicMed’s business and future financial and operating results, the amount and timing of synergies from the proposed transaction,
expectations regarding capital structure following the closing of the proposed transaction, the combined company’s pipeline, intellectual
property protection and R&D spend, and the closing date for the proposed transaction, are based on management’s estimates,
assumptions and projections, and are subject to significant uncertainties and other factors, many of which are beyond the Company’s
and MagicMed’s control. These factors include, among other things, the combined company’s ability to execute successfully
its strategic plans, including its business development strategy, the expiration of patents or data protection on certain products, including
assumptions about the combined company’s ability to retain patent exclusivity of certain products, the impact and result of governmental
investigations, the combined company’s ability to obtain necessary regulatory approvals or obtaining these without delay, the risk
that the combined company’s products prove to be commercially successful or that contractual milestones will be achieved. Similarly,
there are uncertainties relating to a number of other important factors, including: results of clinical trials and preclinical studies,
including subsequent analysis of existing data and new data received from ongoing and future studies; the content and timing of decisions
made by the U.S. FDA and other regulatory authorities, investigational review boards at clinical trial sites and publication review bodies;
the ability to enroll patients in planned clinical trials; unplanned cash requirements and expenditures; the amount of funds the combined
company requires for its product candidates; competitive factors; the ability to obtain, maintain and enforce patent and other intellectual
property protection for any product candidates; the ability to maintain key collaborations; the impact of the ongoing COVID-19 pandemic
on the combined company’s results of operations, business plan and the global economy; and general economic and market conditions.
Additional information concerning these risks, uncertainties and assumptions can be found in the Company’s filings with the SEC,
including the risk factors discussed in the Company’s most recent Annual Reports on Form 10-K, as updated by its Quarterly Reports
on Form 10-Q and future filings with the SEC.
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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ENVERIC
BIOSCIENCES INC.
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Date:
July 6, 2021
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By:
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/s/
David Johnson
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Name:
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David Johnson
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Title:
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Chief Executive Officer
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