Chromocell Therapeutics Corp Files 8-K

Ticker: PTHS · Form: 8-K · Filed: 2024-10-24T00:00:00.000Z

Sentiment: neutral

Topics: corporate-action, filing, sec-filing

TL;DR

Chromocell Therapeutics filed an 8-K on Oct 22, 2024, covering shareholder votes, other events, and financials.

AI Summary

On October 22, 2024, Chromocell Therapeutics Corporation filed an 8-K report detailing a submission of matters to a vote of security holders, other events, and financial statements/exhibits. The company, incorporated in Delaware, is involved in biological products and is located at 685 US Highway One, North Brunswick, NJ.

Why It Matters

This filing indicates significant corporate actions and disclosures by Chromocell Therapeutics, which could impact investors and stakeholders.

Risk Assessment

Risk Level: low — The filing is a routine disclosure of corporate events and does not appear to contain immediate negative news.

Key Numbers

Key Players & Entities

FAQ

What specific matters were submitted to a vote of security holders?

The filing indicates 'Submission of Matters to a Vote of Security Holders' as an item, but the specific details of these matters are not provided in the excerpt.

What are the 'Other Events' mentioned in the filing?

The filing lists 'Other Events' as a category, but the specific nature of these events is not detailed in the provided text.

What is the primary business of Chromocell Therapeutics Corporation?

Chromocell Therapeutics Corporation is involved in 'BIOLOGICAL PRODUCTS (NO DIAGNOSTIC SUBSTANCES)' as indicated by its Standard Industrial Classification code [2836].

When was the earliest event reported in this 8-K filing?

The earliest event reported in this 8-K filing occurred on October 22, 2024.

Where is Chromocell Therapeutics Corporation's principal executive office located?

Chromocell Therapeutics Corporation's principal executive office is located at 4400 Route 9 South, Suite 1000, Freehold, NJ 07728.

Filing Stats: 1,085 words · 4 min read · ~4 pages · Grade level 12.5 · Accepted 2024-10-24 08:30:35

Key Financial Figures

Filing Documents

01

Item 8.01 Other Events. On October 22, 2024, the board of directors of the Company authorized an amendment (the "Amendment") to the Company's existing stock repurchase plan, dated August 5, 2024 (as amended, the "Repurchase Plan") to increase the total value of shares of Common Stock available for repurchase by the Company under the Repurchase Plan by an additional $500,000, to $750,000. In addition, the Amendment extends the termination date of the Repurchase Plan from December 31, 2024 to June 30, 2025, prior to which Common Stock may be repurchased, unless completed sooner or otherwise extended. Open market purchases are intended to be conducted in accordance with applicable Securities and Exchange Commission regulations, including the guidelines and conditions of Rule 10b-18 and Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. The timing and actual number of shares repurchased will depend on a variety of factors including trading price, the Company's financial performance, corporate and regulatory requirements and other market conditions. A copy of the press release dated October 24, 2024 announcing the Repurchase Plan Amendment is filed as Exhibit 99.1, and incorporated by reference herein.

01

Item 9.01

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits . Exhibit No. Description 99.1 Press Release dated October 24, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 3

SIGNATURES

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: October 24, 2024 Chromocell Therapeutics Corporation By: /s/ Francis Knuettel II Name: Francis Knuettel II Title: Chief Executive Officer and Chief Financial Officer

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