STOCK TITAN

Bioxytran (BIXT) adds approvals for preferred conversions, grants CEO 6M preferred shares

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Bioxytran, Inc. reported governance and compensation changes related to its Convertible Preferred Stock. The company amended the Certificate of Designation so that any conversion of Convertible Preferred Stock into common stock now requires approval by both the Board of Directors and a majority of outstanding preferred shareholders voting as a single class. This amendment was filed with the Nevada Secretary of State on February 18, 2026 and became effective upon filing. The Board also granted 6,000,000 shares of Convertible Preferred Stock to Chief Executive Officer David Platt as a performance-based equity award, recognizing his role in executing the company’s first commercial distribution agreement and advancing capital funding initiatives, and aiming to align his incentives with commercialization and capital formation objectives.

Positive

  • None.

Negative

  • None.
false --12-31 0001445815 0001445815 2026-03-12 2026-03-12 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

 

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): March 12, 2026

 

BIOXYTRAN, INC.

(Exact Name of Registrant as Specified in Charter)

 

Nevada   001-35027   26-2797630
(State or Other Jurisdiction   (Commission   (IRS Employer
of Incorporation)   File Number)   Identification Number)

 

75 Second Ave, Suite 605, Needham, MA   02494
(Address of Principal Executive Offices)   (Zip Code)

 

Registrant’s telephone number, including area code 617-454-1199

 

 

(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 (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 $0.001   BIXT   OTCQB

 

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 3.03 – Material Modification to Rights of Security Holders

 

The Company approved and filed an amendment to the Certificate of Designation of Convertible Preferred Stock to modify the conversion provisions of the Company’s Preferred Stock. The amendment was filed with the Nevada Secretary of State on February 18, 2026 and became effective upon filing.

 

The amendment provides that no shares of Convertible Preferred Stock may be converted into Common Stock unless such conversion is approved by both (i) the Board of Directors and (ii) the holders of a majority of the outstanding shares of Preferred Stock voting as a single class.

 

The amendment was approved by the Board of Directors and by the holders of a majority of the outstanding shares of Convertible Preferred Stock through written consent in accordance with the Certificate of Designation and Nevada law.

 

This amendment was adopted to ensure that any conversion of the Company’s Convertible Preferred Stock is subject to appropriate corporate and preferred shareholder approvals.

 

Item 5.02 – Compensatory Arrangements of Certain Officers

 

The Board of Directors of Bioxytran, Inc. (the “Company”) recently approved a performance-based equity award to David Platt, the Company’s Chief Executive Officer.

 

Pursuant to the Board’s approval, the Company granted 6,000,000 shares of the Company’s Convertible Preferred Stock to Dr. Platt as a performance grant in recognition of his role in executing the Company’s first commercial distribution agreement and advancing capital funding initiatives.

 

The Board approved the award to align executive incentives with the Company’s commercialization and capital formation objectives.

 

Item 5.03 – Amendments to Articles of Incorporation

 

In connection with the amendment described above, the Company filed a Certificate of Amendment to the Certificate of Designation of Convertible Preferred Stock with the Nevada Secretary of State on February 18, 2026, which became effective upon filing.

 

Item 9.01 – Exhibits

 

3.1 Certificate of Amendment to Certificate of Designation of Convertible Preferred Stock (Filed with the Nevada Secretary of State on February 18, 2026)

 

104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

 

 

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.

 

  BIOXYTRAN, INC.
     
  By: /s/ David Platt, Ph.D.
    David Platt, Ph.D., its Chief Executive Officer
     
Date March 12, 2026  

 

 

FAQ

What governance change did Bioxytran (BIXT) make to its Convertible Preferred Stock?

Bioxytran amended its Convertible Preferred Stock terms so conversions into common stock now require approval by both the Board of Directors and a majority of outstanding preferred shareholders voting as a single class. The change took effect upon filing in Nevada on February 18, 2026.

When did Bioxytran’s amendment to its Convertible Preferred Stock become effective?

The amendment to Bioxytran’s Convertible Preferred Stock became effective upon filing with the Nevada Secretary of State on February 18, 2026. This filing modified conversion provisions, adding approval requirements from the Board and from a majority of preferred shareholders voting together as a single class.

What performance-based equity award did Bioxytran (BIXT) grant to CEO David Platt?

Bioxytran granted Chief Executive Officer David Platt 6,000,000 shares of the company’s Convertible Preferred Stock as a performance-based equity award. The Board recognized his role in executing the company’s first commercial distribution agreement and advancing capital funding initiatives, and designed the grant to align incentives with these objectives.

Why did Bioxytran’s Board adopt the new conversion approval requirement for preferred stock?

The Board adopted the new approval requirement to ensure any conversion of Convertible Preferred Stock into common stock is subject to appropriate corporate and preferred shareholder approvals. It now requires consent from both the Board of Directors and a majority of outstanding preferred shareholders voting as a single class.

What filing type did Bioxytran (BIXT) use to disclose these changes?

Bioxytran used a Form 8-K to disclose the amendment to its Convertible Preferred Stock conversion terms and the performance-based grant of 6,000,000 Convertible Preferred Stock shares to CEO David Platt. The filing outlines governance, compensation, and related certificate amendment details for investors.

Filing Exhibits & Attachments

6 documents
Bioxytran Inc

OTC:BIXT

View BIXT Stock Overview

BIXT Rankings

BIXT Latest News

BIXT Latest SEC Filings

BIXT Stock Data

3.47M
98.39M
Biotechnology
Healthcare
Link
United States
Needham