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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
EXCHANGE ACT OF 1934
Date
of Report (Date of earliest event reported): July 20,
2023
LIXTE
BIOTECHNOLOGY HOLDINGS, INC.
delaware |
|
001-39717 |
|
20-2903526 |
(State
or other jurisdiction |
|
(Commission |
|
(IRS
Employer |
of
incorporation) |
|
File
Number) |
|
Identification
No.) |
680
East Colorado Boulevard, Suite
180
Pasadena,
California 91101
(Address
of principal executive offices)
(631)
830-7092
(Registrant’s
telephone number, including area code)
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 (See General Instruction A.2. below):
☐ |
Written
communications pursuant to Rule 425 under the Securities Act of 1933 (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(e) under the Exchange Act (17 CFR 240.13e-4(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 |
|
LIXT |
|
The
Nasdaq Stock
Market, LLC |
Warrant
to Purchase Common Stock, par value $0.0001 per share |
|
LIXTW |
|
The
Nasdaq Stock
Market, LLC |
Item
8.01. Other Events.
Reference
is made to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on July 20, 2023 in connection
with the Registered Offering. The Registered Offering closed on July 20, 2023. The Company issued a press release with respect to the
closing of the Registered Offering on July 20, 2023. A copy of the press release is filed as Exhibit 99.1 hereto and is incorporated
by reference.
Item
9.01. Financial Statements and Exhibits.
(d)
There are filed as part of this report the exhibits listed on the accompanying Index to Exhibits which exhibit is incorporated herein
by reference.
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 21, 2023 |
LIXTE
BIOTECHNOLOGY HOLDINGS, INC. |
|
|
|
By: |
/s/
JOHN S. KOVACH |
|
|
John
S. Kovach, |
|
|
Chief
Executive Officer |
INDEX
TO EXHIBITS
Exhibit
99.1
LIXTE
Biotechnology Announces Closing of $3.5 Million Registered Direct Offering and Concurrent Private Placement Priced At-the-Market under
Nasdaq Rules
PASADENA,
CA, July 20, 2023 (GLOBE NEWSWIRE) — LIXTE Biotechnology Holdings, Inc. (Nasdaq: LIXT and LIXTW) (“LIXTE” or
the “Company”) today announced the closing of its previously announced registered direct offering of 583,334 shares of common
stock (or common stock equivalents in lieu thereof) and concurrent private placement of common warrants to purchase up to 583,334 shares
of common stock (together with the registered direct offering, the “Offering”) at a purchase price of $6.00 per common share,
priced “at-the-market” under Nasdaq rules. The common warrants issued pursuant to the concurrent private placement have an
exercise price of $6.00 per share, are exercisable immediately upon issuance and will expire 5 years from issuance.
The
gross proceeds from the offering were approximately $3,500,000, excluding any proceeds that may be received upon the exercise of the
warrants and before deducting placement agent fees and other offering expenses payable by the Company.
A.G.P./Alliance
Global Partners acted as sole placement agent for the Offering.
The
common stock and common stock equivalents in lieu thereof were issued in a registered direct offering pursuant to an effective shelf
registration statement on Form S-3 (File No. 333-252430) previously filed with the U.S. Securities and Exchange Commission (the “SEC”),
under the Securities Act of 1933, as amended (the “Securities Act”), and declared effective by the SEC on February 5, 2021.
The common warrants were issued in a concurrent private placement. A prospectus supplement describing the terms of the proposed registered
direct offering was filed with the SEC and is available on the SEC’s website located at http://www.sec.gov. Electronic copies
of the prospectus supplement may be obtained from A.G.P./Alliance Global Partners, 590 Madison Avenue, 28th Floor, New York, New York
10022, or by telephone at (212) 624-2060, or by email at prospectus@allianceg.com.
The
private placement of the common warrants was made in reliance on an exemption from registration under Section 4(a)(2) of the Securities
Act and/or Regulation D thereunder. Accordingly, the securities issued in the concurrent private placement may not be offered or sold
in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements
of the Securities Act and such applicable state securities laws.
This
press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities
in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under
the securities laws of any such state or jurisdiction.
About
LIXTE Biotechnology Holdings, Inc.
LIXTE
Biotechnology Holdings, Inc. is a clinical-stage pharmaceutical company focused on new targets for cancer drug development and developing
and commercializing cancer therapies. LIXTE has achieved a breakthrough demonstrating that its first-in-class lead clinical PP2A inhibitor,
LB-100, is well-tolerated in cancer patients at doses associated with anti-cancer activity. Based on extensive published preclinical
data (see www.lixte.com), LB-100 has the potential to significantly improve outcomes for patients undergoing various chemotherapies
or immunotherapies. LIXTE’s new approach has no known competitors and is covered by a comprehensive patent portfolio. Initial proof-of-concept
clinical trials are in progress.
Forward-Looking
Statements
This
announcement contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, and Section
21E of the Securities Exchange Act of 1934. For example, statements regarding the Company’s financial position and business strategy
are forward-looking statements. These statements are generally accompanied by words such as “intend,” anticipate,”
“believe,” “estimate,” “potential(ly),” “continue,” “forecast,” “predict,”
“plan,” “may,” “will,” “could,” “would,” “should,” “expect”
or the negative of such terms or other comparable terminology. The Company believes that the assumptions and expectations reflected in
such forward-looking statements are reasonable, based on information available to it on the date hereof, but the Company cannot provide
assurances that these assumptions and expectations will prove to have been correct or that the Company will take any action that the
Company may presently be planning. However, these forward-looking statements are inherently subject to known and unknown risks and uncertainties.
Actual results or experience may differ materially from those expected or anticipated in the forward-looking statements. Factors that
could cause or contribute to such differences include, but are not limited to, regulatory policies, available cash resources, research
results, competition from other similar businesses, and market and general economic factors. This discussion should be read in conjunction
with the Company’s filings with the United States Securities and Exchange Commission at http://www.sec.gov/edgar.shtml.
For
more information about LIXTE, contact:
info@lixte.com
General
Phone: (631) 830-7092
Investor
Phone: (888) 289-5533
or
PondelWilkinson
Inc. Investor Relations
pwinvestor@pondel.com
Roger
Pondel: (310) 279-5965
Laurie
Berman: (310) 279-5962
![Primary Logo](https://www.sec.gov/Archives/edgar/data/1335105/000149315223025232/ex99-1_001.jpg)
Source:
Lixte Biotechnology Holdings, Inc.
Released
July 20, 2023
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