Material Modification to Rights of Security Holders · Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year · Regulation FD Disclosure
Item 3.03. Material Modification to Rights of Security Holders. On September 2, 2026, BioRestorative Therapies, Inc. (the “ Company ”) filed a Certificate of Change Pursuant to NRS 78.209 (the “ Certificate of Change ”) with the Secretary of State of the State of Nevada to effect a one-for-twenty (1-for-20) reverse stock split (the “ Reverse Stock Split ”) of the Company’s common stock, par value…
BioRestorative Therapies, Inc. (www.biorestorative.com) develops therapeutic products using cell and tissue protocols, primarily involving adult stem cells. Our two core programs relate to the treatment of disc/spine disease (our lead cell therapy candidate, BRTX-100, is currently in a Phase 2 clinical trial for the treatment of chronic lumbar disc disease) and metabolic disorders (our ThermoStem® Program). We have also developed a commercial biocosmeceutical platform through which we formulate, manufacture and sell cell-based biologic aesthetic products.
Select an item to read the extracted section. The as-filed document remains the primary evidence.
Item 3.03Item 3.03 - Material Modification to Rights
Item
3.03. Material Modification to Rights of Security Holders.
On
September 2, 2026, BioRestorative Therapies, Inc. (the “ Company ”) filed a Certificate of Change Pursuant to NRS 78.209
(the “ Certificate of Change ”) with the Secretary of State of the State of Nevada to effect a one-for-twenty (1-for-20)
reverse stock split (the “ Reverse Stock Split ”) of the Company’s common stock, par value $0.0001 per share (the
“ Common Stock ”). The Certificate of Change will become effective at 4:30 p.m., Eastern Time, on September 7, 2026
(the “ Effective Time ”). The Reverse Stock Split was approved by the Company’s Board of Directors by unanimous
written consent dated August 27, 2026, without stockholder approval, as permitted under Section 78.207 of the Nevada Revised Statutes
(the “ NRS ”).
At
the Effective Time, every twenty (20) shares of Common Stock issued and outstanding immediately prior to the Effective Time will be automatically
combined and reclassified into one (1) share of Common Stock, without any change to the par value of $0.0001 per share. As a result,
the number of shares of Common Stock issued and outstanding will be reduced from 27,622,556 shares to approximately 1,381,128 shares
(subject to adjustment for the treatment of fractional shares described below). No fractional shares of Common Stock will be issued in
connection with the Reverse Stock Split; in lieu thereof, each holder of record who would otherwise have been entitled to receive a fractional
share of Common Stock will be entitled to receive one (1) whole share of Common Stock, rounded up to the nearest whole share. Shares
held in street name through a bank, broker, or other nominee will be treated in accordance with the procedures of such bank, broker,
or nominee, which may differ from the treatment of holders of record; beneficial holders should contact their bank, broker, or nominee
with any questions. The Reverse Stock Split will affect all holders of Common Stock uniformly and will not alter any holder’s percentage
ownership interest in the Company, except for de minimis changes resulting from the treatment of fractional shares.
In
accordance with NRS 78.207, the number of authorized shares of Common Stock will be decreased at the Effective Time in the same proportion
as the decrease in the number of issued and outstanding shares of Common Stock, from 1,500,000,000 shares to 75,000,000 shares. The number
of authorized shares of the Company’s preferred stock, par value $0.01 per share, will remain unchanged at 20,000,000 shares.
Proportionate
adjustments will be made to the number of shares of Common Stock issuable upon the exercise or vesting of the Company’s outstanding
stock options, warrants, and other equity-based awards, and to the applicable exercise or conversion prices thereof, in accordance with
their respective terms, and to the number of shares of Common Stock reserved for issuance under the Company’s 2021 Stock Incentive
Plan.
The
Common Stock will begin trading on The Nasdaq Capital Market on a reverse split-adjusted basis at the opening of trading on September
8, 2026, under the existing trading symbol “BRTX” and under a new CUSIP number, 090655705.
The
foregoing description of the Certificate of Change does not purport to be complete and is qualified in its entirety by reference to the
full text of the Certificate of Change, a copy of which is filed as Exhibit 3.1 to this Current Report on Form 8-K and incorporated herein
by reference.
Item 5.03Item 5.03 - Amendments to Articles/Bylaws
Item
5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
The
information set forth under Item 3.03 of this Current Report on Form 8-K is incorporated by reference into this Item 5.03.
Item 7.01Item 7.01 - Regulation FD Disclosure
Item
7.01. Regulation FD Disclosure.
On
September 2, 2026, the Company issued a press release announcing the Reverse Stock Split. A copy of the press release is furnished as
Exhibit 99.1 to this Current Report on Form 8-K and is incorporated into this Item 7.01 by reference.
In
accordance with General Instruction B.2 of Form 8-K, the information included in this Item 7.01, including Exhibit 99.1, shall not be
deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”),
or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing
under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such
a filing.
Filed exhibits (1)
EX-99.1 (by filename) ea030438901ex99-1.htm
EX-99.1
3
ea030438901ex99-1.htm
PRESS RELEASE, DATED SEPTEMBER 2, 2026
Exhibit 99.1
BioRestorative Therapies Announces Reverse Stock
Split
MELVILLE, N.Y., September 2, 2026 (GLOBE NEWSWIRE) - BioRestorative
Therapies, Inc. (Nasdaq: BRTX) (“BioRestorative” or the “Company”), a late-stage clinical regenerative medicine
company, today announced that the Company’s Board of Directors approved a 1-for-20 reverse stock split (the “Reverse Stock
Split”) of the Company’s common stock (the “Common Stock”). The Company was not required to obtain stockholder
approval to effectuate the Reverse Stock Split under Nevada law. The Company filed a certificate of change with the Secretary of State
of the State of Nevada, which is expected to become effective as of 4:30 P.M. Eastern Time on September 7, 2026. The Common Stock will
begin trading on The Nasdaq Capital Market on a reverse split-adjusted basis at the start of trading on September 8, 2026, under the symbol
“BRTX” and under a new CUSIP number, 090655705. The Company is effecting the Reverse Stock Split with the intention of regaining
compliance with the $1.00 minimum bid price requirement for continued listing on The Nasdaq Capital Ma…