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): April 12, 2024 (April 11, 2024)
Lipella Pharmaceuticals Inc.
(Exact name of registrant as specified in its charter)
Delaware | 005-93847 | 20-2388040 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) | (IRS Employer Identification No.) |
7800 Susquehanna St., Suite 505 Pittsburgh, PA |
15208 | |
(Address of registrant’s principal executive office) | (Zip code) |
Registrant’s telephone number, including area code: (412) 901-0315
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 (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 $0.0001 per share | LIPO | 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 5.03 | Amendments to Articles of Incorporation or Bylaws; Changes in Fiscal Year. |
On April 11, 2024, the Company filed an Elimination of Certificate of Designation of the Preferences, Rights and Limitations of Series A Preferred Stock (the “Series A Elimination Certificate”) with the Secretary of State of the State of Delaware, in order to eliminate and cancel all designations, rights, preferences and limitations of the shares of the Company’s Series A convertible preferred stock, par value $0.0001 per share (the “Series A Preferred Stock”). All shares of Series A Preferred Stock that had been issued and outstanding prior to the Company’s initial public offering have been converted into shares of common stock of the Company, par value $0.0001 per share, pursuant to the applicable provisions of the Certificate of Designation of Preferences, Rights and Limitations of Series A Preferred Stock (the “Series A Certificate of Designation”), and there are no shares of Series A Preferred Stock currently issued and outstanding, and no shares of Series A Preferred Stock will be issued subject to the Series A Certificate of Designation. The Series A Elimination Certificate became effective upon filing with the Secretary of State of the State of Delaware.
A copy of the Series A Elimination Certificate is included as Exhibit 3.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits
Exhibit No. | Description | |
3.1 | Series A Elimination Certificate. |
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: April 12, 2024 | Lipella Pharmaceuticals Inc. | ||
By: | /s/ Jonathan Kaufman | ||
Name: Jonathan Kaufman Title: Chief Executive Officer |
Exhibit 3.1
IN WITNESS WHEREOF, this Elimination of Certificate of Designation of the Preferences, Rights and Limitations of Series A Preferred Stock of Lipella Pharmaceuticals Inc. has been executed by a duly authorized officer of the Company on this 10th day of April, 2024.
/s/ Jonathan Kaufman | |
Jonathan Kaufman Chief Executive Officer |