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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 25, 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) |
|
(I.
R. S. Employer
Identification
No.) |
34
Shrewsbury Avenue, Suite 1C
Red
Bank, NJ 07701
(Address
of principal executive offices, including zip code)
(732)
889-3111
(Registrant’s
telephone number, including area code)
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, $0.0001 par value |
|
THAR |
|
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 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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 25, 2025, Tharimmune, Inc. (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”)
with certain accredited individual and institutional investors (“the “Purchasers”) for the issuance and sale in a private
placement (the “Private Placement”) of (i) 641,190 shares of the Company’s common stock, par value $0.0001 (the
“Common Stock”), (ii) pre-funded warrants (the “Pre-Funded Warrants”) to purchase up to 103,490 shares
of the Company’s Common Stock at an exercise price of $0.001 per share, (iii) common warrants (the “Common Warrants”)
to purchase up to 744,680 shares of the Company’s Common Stock, at an exercise price of $1.52 per share of Common
Stock, at the price of $1.645 for each one share of Common Stock (or Pre-Funded Warrant) and Common Warrant purchased pursuant
to the Purchase Agreement.
The
Common Warrants are exercisable six months from the date of issuance and have a term of exercise equal to seven years from the
date of issuance. The Pre-Funded Warrants are exercisable immediately and may be exercised at any time until the Pre-Funded Warrants
are exercised in full. A holder of Pre-Funded Warrants or Common Warrants (together with its affiliates) may not exercise any portion
of a warrant to the extent that the holder would own more than 4.99% (or, at the election of the holder 9.99%) of the Company’s
outstanding common stock immediately after exercise.
The
closing of the Private Placement occurred on July 31, 2025, subject to the satisfaction of customary closing conditions.
The
gross proceeds to the Company from the Private Placement are expected to be $1,225,003, before deducting placement agent fees
and expenses and estimated offering expenses payable by the Company. The Company intends to use the net proceeds received from the Private
Placement for clinical development and working capital.
President
Street Global served as the Company’s exclusive placement agent in connection with the Private Placement.
The
Purchase Agreement contains customary representations and warranties, agreements and obligations, conditions to closing and termination
provisions. The foregoing descriptions of terms and conditions of the Purchase Agreement, the Pre-Funded Warrants, the Common Warrant,
do not purport to be complete and are qualified in their entirety by the full text of the form of the Purchase Agreement, the form of
the Pre-Funded Warrant, the form of the Common Warrant, which are attached hereto as Exhibits 10.1, 4.1, and 4.2, respectively.
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits.
Exhibit No. |
|
Description |
4.1 |
|
Form of Pre-Funded Warrant |
4.2 |
|
Form of Common Warrant |
10.1 |
|
Form of Securities Purchase Agreement |
104 |
|
Cover Page Interactive Data File (embedded within the Inline XBRL) |
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 |
Tharimmune,
Inc. |
|
|
|
/s/
Sireesh Appajosyula |
|
Sireesh
Appajosyula |
|
Chief
Executive Officer |