LADRX CORP

Item 1.03 Bankruptcy or Receivership On July 28, 2025, LADRX Corporation (the “Company”) entered into a General Assignment for the Benefit of Creditors (the “Assignment”), pursuant to California law, in which it assigned all of its right, title, and interest in its assets to LADRX, Assignment for the Benefit of Creditors, LLC, as Assignee, for the benefit of the Company’s creditors (the “ABC”). The execution of the Assignment constitutes a liquidation event. The Assignee will take possession of the Company’s assets and administer them in accordance with applicable state law in order to satisfy creditor claims to the extent possible. As a result of the Assignment, the Company has ceased substantially all of its business operations and no longer has the ability to continue as a going concern.

Item 2.04 Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement The execution of the Assignment described under Item 1.03 above constituted an event of default or otherwise triggered obligations under certain of the Company’s debt instruments and contractual obligations. As a result, all outstanding obligations under such agreements may be immediately due and payable. Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. In connection with the ABC, the following members of the Company’s Board of Directors have resigned effective as of July 28, 2025: ● Jennifer Simpson, Chair of the Board ● Cary Claiborne, Director ● Stephen Snowdy, Chief Executive Officer ● John Caloz, Chief Financial Officer These resignations were not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies, or practices. For any further information, please contact: https://LadRX-abc.smartexchange.com BMC Group Re: LadRX ABC PO Box 90100 Los Angeles, CA 90009 (888) 909-0100 info@bmcgroup.com Forward-Looking Statements This Current Report on Form 8-K contains forward-looking statements that involve risks and uncertainties. Forward-looking statements include, but are not limited to, statements regarding the effect of the ABC process and the potential for distributions to creditors. Actual results may differ materially from those expressed or implied due to various factors, including the Assignee’s ability to administer the assets and claims effectively. The Company disclaims any obligation to update any forward-looking statements.