Current Report Filing (8-k)
June 01 2021 - 6:23AM
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): June 1, 2021
REGEN
BIOPHARMA, INC.
(Exact
name of small business issuer as specified in its charter)
Nevada
|
45-5192997
|
(State
or other jurisdiction of incorporation or organization)
|
(I.R.S.
Employer Identification No.)
|
Commission
File No. 333-191725
711
S. Carson Street, Suite 4, Carson City, Nevada, 89791
(Address
of Principal Executive Offices)
(619)
722 5505
(Issuer’s
telephone number)
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:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item
8.01 Other Events.
On
December 13, 2019 a complaint was filed in the Superior Court of California, County of San Diego against Regen Biopharma,
Inc. (“Company”) , the Company’s Chairman, Zander Therapeutics Inc (“Zander”), and Does
1-50 by ChemDiv, Inc. (“Plaintiff”) alleging Breach of Contract, Unfair Business Practices under the California
Business and Professions Code, and Bad Faith Denial of a Contract ( alleged solely against the Company and DOE defendants)
stemming from contract research work performed by the Plaintiff for the Company and contract research performed by the Plaintiff
for Zander. The Plaintiff is also seeking a declaration from the court that the Plaintiff retains full and complete ownership,
title, use, and all rights without any limits to the work, tangible property, intellectual property, and any other product or
by-product of the work performed by Plaintiff for the Company and Zander. The action arises from approximately $1.2 million dollars
of unpaid invoices (“Unpaid Invoices”) due and payable to the Plaintiff. The Company asserts that no portion of the
Unpaid Invoices is due and payable by the Company.
The
Company has entered into settlement negotiations with the Plaintiff in order to resolve this dispute in a mutually acceptable
manner. Although the Company currently believes a mutually acceptable settlement can be agreed to by the parties no assurance
can be given that a mutually acceptable settlement will occur and no assurance can be given that the outcome of this legal proceeding
will not adversely affect the Company’s financial condition and operations.
The
Company and Zander are under common control. David Koos serves as Chief Executive Officer and Chairman of the Board of Zander
and the Company.
SIGNATURE
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.
|
REGEN
BIOPHARMA, INC.
|
|
|
Dated:
June 1, 2021
|
By: /s/
David Koos
|
|
David
Koos
|
|
Chief
Executive Officer
|
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