false
--12-31
0001736243
0001736243
2025-07-31
2025-07-31
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
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 31, 2025
Acurx Pharmaceuticals, Inc.
(Exact name of registrant as specified in its
charter)
Delaware | |
001-40536 | |
82-3733567 |
(State or other jurisdiction of incorporation) | |
(Commission File Number) | |
(IRS
Employer
Identification No.) |
259 Liberty Avenue, Staten Island, NY 10305
(Address of principal executive offices and zip code)
Registrant’s telephone number, including
area code: (917) 533-1469
Not applicable
(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:
¨ |
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)) |
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 $0.001 per share |
|
ACXP |
|
The Nasdaq Stock 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 or Rule
12b-2 of the Securities Exchange Act of 1934.
Emerging
Growth Company x
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 3.03 Material Modifications to Rights
of Security Holders.
To
the extent required by Item 3.03, the disclosure set forth in Item 5.03 is incorporated herein by reference.
Item 5.03 Amendments to Articles of Incorporation
or Bylaws; Change in Fiscal Year.
On July 31, 2025, Acurx Pharmaceuticals,
Inc. (the “Company”) filed with the Secretary of State of the State of Delaware an amendment (the “Certificate of Amendment”)
to its certificate of incorporation to effect a reverse stock split of the Company’s common stock, par value $0.001 per share (the
“Common Stock”), at a ratio of 1-for-20 (the “Reverse Stock Split”). Pursuant to the Certificate of Amendment,
the Reverse Stock Split will become effective as of 4:01 p.m. Eastern Time on August 4, 2025 (the “Effective Time”) and shares
of the Company’s Common Stock are expected to begin trading on a post-split basis at the open of trading on The Nasdaq Capital Market
on August 5, 2025. At the Effective Time, every twenty (20) shares of the Company’s issued and outstanding shares of Common Stock
will be automatically converted into one (1) share of Common Stock, without any change in the par value per share. In addition, proportionate
adjustments will be made to the per share exercise price and the number of shares issuable upon the exercise of all outstanding stock
options, warrants and convertible securities, and to the number of shares issued and issuable under the Company’s stock incentive
plan. No change will be made to the number of shares of Common Stock authorized under the Company’s certificate of incorporation.
Any stockholder who would otherwise be entitled to a fractional share of Common Stock created as a result of the Reverse Stock Split is
entitled to receive a cash payment in lieu thereof equal to the fractional share to which the stockholder would otherwise be entitled
multiplied by the closing sales price of a share of Common Stock on The Nasdaq Capital Market on the trading day immediately prior to
the Effective Time of the Reverse Stock Split, as adjusted for the Reverse Stock Split.
Following the Reverse Stock
Split, the shares of Common Stock will continue to trade on The Nasdaq Capital Market under the symbol “ACXP.” The new CUSIP
number for the Common Stock following the Reverse Stock Split will be 00510M 203.
The summary of the Certificate
of Amendment contained herein does not purport to be complete and is qualified in its entirety by reference to the full text of the Certificate
of Amendment, a copy of which is attached as Exhibit 3.1 of this Current Report on Form 8-K and incorporated herein by reference.
Item 8.01 Other Information.
On July 31, 2025, the Company
issued a press release announcing the Reverse Stock Split. The press release is filed as Exhibit 99.1 and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. |
|
Description |
3.1 |
|
Certificate of Amendment to the Certificate of Incorporation of Acurx Pharmaceuticals, Inc. |
99.1 |
|
Press Release issued by Acurx Pharmaceuticals, Inc., dated July 31, 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 31,
2025 |
Acurx Pharmaceuticals, Inc. |
|
|
|
|
By: |
/s/ David P.
Luci |
|
Name: |
David P. Luci |
|
Title: |
President and Chief Executive Officer |