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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 and Exchange Act of 1934
Date
of Report (Date of earliest event reported): July 23, 2025
THARIMMUNE,
INC.
(Exact
name of Registrant as specified in its charter)
Delaware |
|
001-41210 |
|
84-2642541 |
(State
or other jurisdiction
of
incorporation) |
|
(Commission
File
Number) |
|
(IRS
Employer
Identification
No.) |
34
Shrewsbury Avenue
Red
Bank, NJ 07701
(Address
of principal executive offices, including zip code)
(908)
955-3140
(Registrant’s
telephone number, including area code)
Check
the appropriate box below if the 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any
of the following provisions:
☐ |
Written
communication 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 240.13(c)). |
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
Common
stock, par value $0.0001 per share |
|
THAR |
|
The Nasdaq Capital Market LLC |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405)
or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
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
1.01 Entry into a Material Definitive Agreement.
On
July 23, 2025, Tharimmune, Inc. (the “Company”) entered into a securities purchase agreement (the “Purchase
Agreement”) in relation to a registered
direct public offering (the “Offering”) with certain purchasers, under the Shelf Registration Statement (as defined below),
of $1.74 million of the Company’s securities (the “Securities”), consisting of (i) 414,331 shares of Common Stock,
par value $0.0001 per share (the “Common Stock”) and 559,910 pre-funded warrants to acquire shares of Common Stock (the “Pre-Funded
Warrants”); and (ii) in a concurrent private placement, 974,241
warrants to acquire shares of Common Stock at the exercise price of $1.66 per share (the “Common Warrant”), at the price
of $1.786 for each one
share of Common Stock (or Pre-Funded Warrant) and Common Warrant purchased pursuant to the Purchase
Agreement.
In
relation to the Offering, a shelf registration statement on Form S-3 (File No. 333-270684, the “Shelf Registration Statement”)
relating to the securities being offered in the Offering was previously filed with the U.S. Securities and Exchange Commission (the
“SEC”) and became effective on March 24, 2023. The shares of Common Stock and shares underlying the Pre-Funded Warrants
are being offered only by means of a prospectus supplement and the accompanying prospectus filed with the SEC.
Additionally,
the Common Warrants and the
shares underlying the Common
Warrants sold in the Offering are offered under Section 4(a)(2) of the Securities Act of 1933, as amended, and Regulation D thereunder.
The Common Warrants and the shares underlying the Common
Warrants a are not registered under the Securities Act or state securities laws. Pursuant to the Purchase
Agreement, the Company has agreed to file a resale
registration statement covering these securities to enable their future trading upon registration or qualification under applicable laws.
The
Offering closed on July 25, 2025.
Pursuant
to a placement agency agreement dated as of July 23, 2025 (the “Placement Agency Agreement”), the Company engaged President
Street Global, LLC (“President Street”) to act as the exclusive lead placement agent in connection with the Offering.
The Company has agreed to pay President Street a cash fee equal to (i) 7.0% of the aggregate gross proceeds from the sale of the Units
and (ii) 7.0% of the aggregate proceeds from the exercise of the Common Warrants.
The
foregoing descriptions of the Purchase Agreement, the
Placement Agency Agreement, the Form of Pre-Funded Warrant
and the Form of Common Warrant
are qualified in their entirety by reference to the full text of the forms thereof, which are attached as Exhibits 10.1, 10.2, 4.1 and
4.2, respectively, hereto and incorporated by reference herein.
A
copy of the opinion of Lucosky Brookman LLP relating to the validity of the Shares is filed herewith as Exhibit 5.1.
Item
8.01 Other Events.
On
July 23, 2025, the Company issued a press release announcing the pricing of the Offering. The full text of the press release
is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits.
Exhibit
No. | |
Exhibit
Title |
| |
|
4.1 | |
Form
of Pre-Funded Warrant |
| |
|
4.2 | |
Form
of Common Warrant |
| |
|
5.1 | |
Opinion of Lucosky Brookman LLP |
| |
|
10.1 | |
Form
of Purchase Agreement |
| |
|
10.2 | |
Placement Agency Agreement dated July 23, 2025, by and between Tharimmune, Inc. and President Street Global, LLC |
| |
|
99.1 | |
Pricing Press Release dated July 23, 2025 |
| |
|
104 | |
Cover Page Interactive Data File (embedded
within the Inline XBRL document) |
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.
Date:
July 28, 2025 |
THARIMMUNE, INC. |
|
|
|
|
By: |
/s/ Sireesh
Appajosyula |
|
Name: |
Sireesh Appajosyula |
|
Title: |
Chief Executive Officer (Principal Executive Officer) |