Due
to the outbreak of the novel strain of the coronavirus (“COVID-19”), Neurotrope, Inc., a Nevada corporation (the “Company”),
is filing this Current Report on Form 8-K (this “Form 8-K”) to avail itself of an extension to file its Quarterly Report
on Form 10-Q for the period ended March 31, 2020 (the “Quarterly Report”), originally due on May 11, 2020, relying
on an order issued by the Securities and Exchange Commission (the “SEC”) on March 25, 2020 pursuant to Section 36 of
the Securities Exchange Act of 1934, as amended (Release No. 34-88465) (the “Order”) regarding exemptions granted to
certain public companies.
The Company has
a small accounting staff all currently working from home. As a result, given that the Company is an accelerated filer with more
limited staff in-person interaction, meeting the timeline for filing has become more difficult.
As
such, the Company will be relying upon the up to 45-day grace period provided by Order to delay filing of its Quarterly Report.
The Company will file its Quarterly Report by no later than June 25, 2020, 45 days after the original due date of its Quarterly
Report.
The
Company is supplementing its risk factors previously disclosed in the Company’s Annual Report on Form 10-K for the year ended
December 31, 2019 with the following risk factor:
Our business may be adversely affected by the ongoing
coronavirus pandemic.
In December 2019, a novel strain of coronavirus
(“COVID-19”) surfaced in Wuhan, China, and has since spread to multiple countries, including the United States. In
March 2020, the World Health Organization characterized COVID-19 as a pandemic,
and the President of the United States declared the COVID-19 outbreak a national
emergency. The outbreak has resulted in governments around the world implementing increasingly stringent measures to help control
the spread of the virus, including quarantines, “shelter in place” and “stay at home” orders, travel restrictions,
business curtailments, and other measures.
These and similar, and perhaps more severe,
disruptions may affect patient recruitment and the pace of enrollment in our next
bryostatin-1 clinical trial. Some patients and clinical investigators may not be able to comply with clinical trial protocols
and patients may choose to withdraw from our studies as quarantines impede patients’ movement or interrupt healthcare services.
Restrictions on transport of clinical materials, as well as diversion of hospital staff and resources to COVID-19 infected patients,
may also delay our next bryostatin-1 clinical trial
The spread of COVID-19, may also materially
affect us economically. While the potential economic impact brought by, and the duration of, COVID-19 may be difficult to assess
or predict, it has significantly disrupted global financial markets, and may limit our ability to access capital, which could in
the future negatively affect our liquidity. A recession or market correction resulting from the spread of COVID-19 could materially
affect our business and the value of our common stock.
The ultimate impact of the COVID-19 outbreak
or a similar health epidemic is highly uncertain and subject to change. We do not yet know the full extent of potential delays
or impacts on our business, our clinical trials, healthcare systems or the global economy as a whole. However, the effects could
have a material impact on our business, results of operations and financial condition, and we will continue to monitor the COVID-19
situation closely.
Forward-Looking Statements
This Form 8-K includes forward-looking
statements, which may be identified by words such as "believes," "expects," "anticipates," "estimates,"
"projects," "intends," "should," "seeks," "future," "continue," or
the negative of such terms, or other comparable terminology. Forward-looking statements are statements that are not historical
facts. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially
from the forward-looking statements contained herein. The forward looking statements in this Form 8-K constitute forward-looking
statements within the meaning of the Private Securities Litigation Reform Act of 1995. There are a number of important factors
that could cause actual results or events to differ materially from those indicated by such forward-looking statements, including,
but not limited to, the risks and uncertainties and other factors discussed from time to time in the Company’s filings with
the SEC, including the Company’s Annual Report on Form 10-K for the year ended December 31, 2019, filed with the SEC on March
13, 2020. The Company expressly disclaims any obligation to publicly update any forward-looking statements contained herein, whether
as a result of new information, future events or otherwise, except as required by law.