[8-K] Cocrystal Pharma, Inc. Reports Material Event

Q: What return do the BMO Digital Return Buffer Notes provide at maturity?

Investors receive $1,104 per $1,000 note (a 10.40% gain) if the worst of the S&P 500, NASDAQ-100 or Russell 2000 ends at or above 85% of its initial level.

Q: How much principal protection do the notes offer?

The notes include a 15% buffer; losses begin only if the worst index is more than 15% below its initial level, after which loss is 1-for-1 down to an 85% maximum loss.

Q: When do the notes mature and what are the key dates?

Pricing Date: 27 Jun 2025; Settlement Date: 2 Jul 2025; Valuation Date: 29 Jul 2026; Maturity Date: 3 Aug 2026.

Q: Are the notes listed or tradable on an exchange?

No. The notes will not be listed; any resale depends on dealer quotes from BMOCM, which may be limited and at a discount.

Q: What is the estimated initial value versus the issue price?

BMO estimates the initial value at $981.99 per $1,000 note, below the $1,000 price, reflecting commissions and hedging costs.

Q: What are the U.S. federal tax considerations?

BMO intends to treat the notes as pre-paid derivative contracts; however, the IRS could assert a different treatment. Investors should consult tax advisors.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Bank of Montreal (BMO) is offering US$425,000 of Senior Medium-Term Notes, Series K – “Digital Return Buffer Notes” – maturing 3 August 2026. The notes are linked to the worst performer of three U.S. equity benchmarks: the S&P 500, NASDAQ-100 and Russell 2000 (each a “Reference Asset”).

Key economic terms:

Digital Return: 10.40% payable at maturity if the closing level of the Least Performing Reference Asset on 29 July 2026 (the Valuation Date) is ≥ 85% of its 27 June 2025 Initial Level (“Digital Barrier”).
Buffer: first 15% downside is absorbed. If the Least Performing Reference Asset drops >15%, principal is reduced point-for-point beyond the buffer, exposing investors to a maximum loss of 85%.
No periodic coupons; single payment at maturity.
Issue price: 100%; agent’s commission 0.375%; estimated initial value: $981.99 per $1,000, reflecting embedded fees and hedging costs.
Credit exposure: unsecured, unsubordinated obligations of BMO; CUSIP 06376EMN9; not FDIC or CDIC insured; not exchange-listed.

Illustrative payouts: any Final Level ≥ 85% triggers a fixed $1,104 per $1,000 note (10.40% gain). A Final Level of 80% returns $950 (-5%); 60% returns $750 (-25%); 0% returns $150 (-85%). Upside is capped at 10.40% irrespective of index performance.

Risk considerations include potential loss of up to 85% of principal, limited upside versus direct index exposure, secondary-market illiquidity (no listing; dealer market making discretionary), BMO credit risk, tax uncertainty (treated as prepaid derivative contracts), and a price-to-public that exceeds the bank’s modeled value.

The product may appeal to investors with a moderately bullish to sideways view on large-, mega- and small-cap U.S. equities over the next ~13 months who are willing to trade upside beyond 10.40% for a 15% buffer and accept issuer credit and liquidity risk.

La Bank of Montreal (BMO) offre 425.000 dollari USA di Senior Medium-Term Notes, Serie K – “Digital Return Buffer Notes” – con scadenza il 3 agosto 2026. Le obbligazioni sono collegate al peggior rendimento tra tre indici azionari statunitensi: S&P 500, NASDAQ-100 e Russell 2000 (ciascuno un “Attivo di Riferimento”).

Termini economici chiave:

Rendimento Digitale: 10,40% pagabile alla scadenza se il livello di chiusura dell’Attivo di Riferimento con la performance peggiore al 29 luglio 2026 (la Data di Valutazione) è ≥ 85% del suo livello iniziale del 27 giugno 2025 (“Barriera Digitale”).
Buffer: il primo 15% di ribasso è assorbito. Se l’Attivo di Riferimento peggiorante scende oltre il 15%, il capitale si riduce punto per punto oltre il buffer, esponendo gli investitori a una perdita massima dell’85%.
Nessuna cedola periodica; pagamento unico a scadenza.
Prezzo di emissione: 100%; commissione agente 0,375%; valore iniziale stimato: 981,99 $ per 1.000 $, riflettendo commissioni incorporate e costi di copertura.
Esposizione creditizia: obbligazioni non garantite e non subordinate di BMO; CUSIP 06376EMN9; non assicurate FDIC o CDIC; non quotate in borsa.

Pagamenti illustrativi: qualsiasi livello finale ≥ 85% genera un pagamento fisso di 1.104 $ per ogni 1.000 $ di nota (guadagno del 10,40%). Un livello finale dell’80% restituisce 950 $ (-5%); 60% restituisce 750 $ (-25%); 0% restituisce 150 $ (-85%). Il guadagno massimo è limitato al 10,40% indipendentemente dalla performance degli indici.

Considerazioni sul rischio: possibile perdita fino all’85% del capitale, guadagno limitato rispetto all’esposizione diretta agli indici, scarsa liquidità sul mercato secondario (nessuna quotazione; market making discrezionale da parte dei dealer), rischio di credito BMO, incertezza fiscale (trattamento come contratti derivati prepagati) e prezzo di emissione superiore al valore modellato dalla banca.

Il prodotto può interessare investitori con una visione moderatamente rialzista o laterale sulle azioni statunitensi large-, mega- e small-cap nei prossimi circa 13 mesi, disposti a rinunciare a guadagni oltre il 10,40% in cambio di un buffer del 15% e accettare rischi di credito dell’emittente e di liquidità.

Bank of Montreal (BMO) ofrece US$425,000 en Senior Medium-Term Notes, Serie K – “Digital Return Buffer Notes” – con vencimiento el 3 de agosto de 2026. Los bonos están vinculados al peor desempeño entre tres índices bursátiles estadounidenses: S&P 500, NASDAQ-100 y Russell 2000 (cada uno un “Activo de Referencia”).

Términos económicos clave:

Retorno Digital: 10.40% pagadero al vencimiento si el nivel de cierre del Activo de Referencia con peor desempeño al 29 de julio de 2026 (la Fecha de Valoración) es ≥ 85% de su nivel inicial del 27 de junio de 2025 (“Barrera Digital”).
Buffer: se absorbe la primera 15% de caída. Si el Activo de Referencia con peor desempeño cae más del 15%, el principal se reduce punto por punto más allá del buffer, exponiendo a los inversores a una pérdida máxima del 85%.
No hay cupones periódicos; pago único al vencimiento.
Precio de emisión: 100%; comisión del agente 0.375%; valor inicial estimado: $981.99 por cada $1,000, reflejando comisiones incorporadas y costos de cobertura.
Exposición crediticia: obligaciones no garantizadas y no subordinadas de BMO; CUSIP 06376EMN9; no aseguradas por FDIC o CDIC; no cotizadas en bolsa.

Pagos ilustrativos: cualquier nivel final ≥ 85% activa un pago fijo de $1,104 por cada bono de $1,000 (ganancia del 10.40%). Un nivel final del 80% devuelve $950 (-5%); 60% devuelve $750 (-25%); 0% devuelve $150 (-85%). La ganancia máxima está limitada al 10.40% independientemente del desempeño del índice.

Consideraciones de riesgo incluyen posible pérdida de hasta el 85% del principal, ganancia limitada frente a la exposición directa al índice, iliquidez en el mercado secundario (sin cotización; creación de mercado discrecional por parte de los distribuidores), riesgo crediticio de BMO, incertidumbre fiscal (tratado como contratos derivados prepagados) y precio de emisión superior al valor modelado por el banco.

El producto puede atraer a inversores con una visión moderadamente alcista o lateral sobre acciones estadounidenses de gran, mega y pequeña capitalización durante los próximos ~13 meses, dispuestos a renunciar a ganancias superiores al 10.40% a cambio de un buffer del 15% y aceptar riesgos de crédito del emisor y de liquidez.

뱅크 오브 몬트리올(BMO)은 2026년 8월 3일 만기인 시니어 중기채권 시리즈 K – “디지털 리턴 버퍼 노트” – 미화 425,000달러를 제공합니다. 이 노트는 미국 주식 벤치마크 세 가지 중 가장 낮은 성과를 보인 지수에 연동됩니다: S&P 500, NASDAQ-100, Russell 2000(각각 “기준 자산”).

주요 경제 조건:

디지털 리턴: 10.40%는 2026년 7월 29일(평가일) 최저 성과 기준 자산의 종가가 2025년 6월 27일 초기 수준의 85% 이상일 경우 만기 시 지급됩니다 (“디지털 장벽”).
버퍼: 최초 15% 하락분은 흡수됩니다. 최저 성과 기준 자산이 15% 이상 하락하면 그 이후의 손실은 원금에서 점대점으로 차감되어 최대 85% 손실 위험이 있습니다.
정기 쿠폰 없음; 만기 시 단일 지급.
발행가: 100%; 대리인 수수료 0.375%; 내재 수수료 및 헤지 비용을 반영한 추정 초기 가치: 1,000달러당 981.99달러.
신용 노출: BMO의 무담보 비후순위 채무; CUSIP 06376EMN9; FDIC 또는 CDIC 보험 미가입; 거래소 상장 안 됨.

예시 지급금: 최종 수준이 85% 이상일 경우 1,000달러당 고정 1,104달러 지급(10.40% 수익). 80%일 경우 950달러(–5%), 60%일 경우 750달러(–25%), 0%일 경우 150달러(–85%) 지급. 수익은 지수 성과와 관계없이 10.40%로 제한됩니다.

위험 고려사항으로는 최대 85% 원금 손실 가능성, 직접 지수 투자 대비 제한된 상승 잠재력, 2차 시장 유동성 부족(비상장, 딜러 재량에 따른 시장 조성), BMO 신용 위험, 세금 불확실성(선불 파생상품 계약으로 취급), 은행 모델 가치보다 높은 공모가가 포함됩니다.

이 상품은 향후 약 13개월 동안 미국 대형주, 메가캡 및 소형주에 대해 다소 상승 또는 횡보 전망을 가진 투자자에게 적합하며, 10.40% 이상의 수익 포기와 15% 버퍼, 발행자 신용 및 유동성 위험을 감수할 의향이 있는 투자자에게 매력적일 수 있습니다.

La Bank of Montreal (BMO) propose 425 000 USD de Senior Medium-Term Notes, série K – « Digital Return Buffer Notes » – arrivant à échéance le 3 août 2026. Les notes sont liées à la performance la plus faible parmi trois indices boursiers américains : le S&P 500, le NASDAQ-100 et le Russell 2000 (chacun un « Actif de Référence »).

Principaux termes économiques :

Rendement numérique : 10,40% payable à l’échéance si le niveau de clôture de l’Actif de Référence le moins performant au 29 juillet 2026 (date d’évaluation) est ≥ 85 % de son niveau initial du 27 juin 2025 (« Barrière numérique »).
Buffer : les 15 % de baisse initiaux sont absorbés. Si l’Actif de Référence le moins performant chute de plus de 15 %, le principal est réduit point par point au-delà du buffer, exposant les investisseurs à une perte maximale de 85 %.
Pas de coupons périodiques ; paiement unique à l’échéance.
Prix d’émission : 100 % ; commission de l’agent 0,375 % ; valeur initiale estimée : 981,99 $ pour 1 000 $, reflétant les frais incorporés et les coûts de couverture.
Exposition au crédit : obligations non garanties et non subordonnées de BMO ; CUSIP 06376EMN9 ; non assurées par la FDIC ou la CDIC ; non cotées en bourse.

Exemples de paiements : tout niveau final ≥ 85 % déclenche un paiement fixe de 1 104 $ par note de 1 000 $ (gain de 10,40 %). Un niveau final de 80 % rapporte 950 $ (-5 %) ; 60 % rapporte 750 $ (-25 %) ; 0 % rapporte 150 $ (-85 %). Le gain maximal est plafonné à 10,40 %, quelle que soit la performance de l’indice.

Considérations sur les risques : perte potentielle allant jusqu’à 85 % du capital, gain limité comparé à une exposition directe à l’indice, illiquidité sur le marché secondaire (pas de cotation ; tenue de marché discrétionnaire par les courtiers), risque de crédit BMO, incertitude fiscale (traité comme des contrats dérivés prépayés) et prix d’émission supérieur à la valeur modélisée par la banque.

Ce produit peut intéresser les investisseurs ayant une vision modérément haussière à neutre sur les actions américaines large, méga et small caps pour les ~13 prochains mois, prêts à renoncer à un gain supérieur à 10,40 % en échange d’un buffer de 15 % et acceptant les risques de crédit de l’émetteur et de liquidité.

Die Bank of Montreal (BMO) bietet Senior Medium-Term Notes Serie K – „Digital Return Buffer Notes“ – im Wert von 425.000 US-Dollar mit Fälligkeit am 3. August 2026 an. Die Notes sind an den schlechtesten Performer von drei US-Aktienindizes gekoppelt: S&P 500, NASDAQ-100 und Russell 2000 (jeweils ein „Referenzwert“).

Wesentliche wirtschaftliche Bedingungen:

Digitaler Ertrag: 10,40% zahlbar bei Fälligkeit, wenn der Schlusskurs des am schlechtesten performenden Referenzwerts am 29. Juli 2026 (Bewertungstag) ≥ 85 % seines Anfangswerts vom 27. Juni 2025 („Digitale Barriere“) liegt.
Buffer: Die ersten 15% Kursverluste werden ausgeglichen. Fällt der am schlechtesten performende Referenzwert um mehr als 15 %, wird der Kapitalbetrag Punkt für Punkt über den Buffer hinaus reduziert, was Anleger einem maximalen Verlust von 85 % aussetzt.
Keine periodischen Kupons; Einmalzahlung bei Fälligkeit.
Ausgabepreis: 100 %; Agenturprovision 0,375 %; geschätzter Anfangswert: 981,99 $ pro 1.000 $, was eingebettete Gebühren und Absicherungskosten widerspiegelt.
Kreditrisiko: unbesicherte, nicht nachrangige Verbindlichkeiten von BMO; CUSIP 06376EMN9; nicht FDIC- oder CDIC-versichert; nicht an der Börse notiert.

Beispielhafte Auszahlungen: Ein Endstand ≥ 85 % löst eine feste Auszahlung von 1.104 $ pro 1.000 $-Note aus (10,40 % Gewinn). Ein Endstand von 80 % zahlt 950 $ (-5 %); 60 % zahlt 750 $ (-25 %); 0 % zahlt 150 $ (-85 %). Der Gewinn ist auf 10,40 % begrenzt, unabhängig von der Indexentwicklung.

Risikohinweise umfassen das mögliche Verlustrisiko von bis zu 85 % des Kapitals, begrenztes Aufwärtspotenzial im Vergleich zur direkten Indexanlage, geringe Liquidität im Sekundärmarkt (keine Börsennotierung; Market Making nach Ermessen der Händler), Kreditrisiko von BMO, steuerliche Unsicherheit (Behandlung als vorab bezahlte Derivatekontrakte) und einen Emissionspreis über dem modellierten Wert der Bank.

Das Produkt könnte für Anleger attraktiv sein, die in den nächsten ca. 13 Monaten eine moderat bullishe bis neutrale Sicht auf US-Aktien großer, Mega- und Small-Caps haben, bereit sind, Gewinne über 10,40 % zugunsten eines 15 % Puffers aufzugeben und Emittenten-Kredit- sowie Liquiditätsrisiken zu akzeptieren.

Positive

10.40% fixed upside if worst-performing index finishes ≥ 85%, providing an above-market yield in a flat or modestly rising environment.
15% downside buffer mitigates moderate equity declines, offering partial capital protection compared with direct index exposure.
Short 13-month tenor limits long-term market and rate uncertainty.

Negative

Upside capped at 10.40%, materially underperforming equities if indices rally >10.4%.
Potential loss up to 85% of principal if the worst index falls more than 15%.
Issuer credit risk: payments depend solely on Bank of Montreal’s ability to pay.
Liquidity risk: no exchange listing; secondary market, if any, depends on BMOCM’s discretion at likely discounts.
Initial value below issue price ($981.99 vs $1,000) reflects embedded fees and hedging costs, creating negative carry from day one.

Insights

TL;DR Limited-term note offers 10.40% fixed upside with 15% buffer but significant tail-risk and BMO credit exposure.

The design is straightforward: a 13-month digital payoff contingent on the worst of three broad U.S. indices. Statistically, the 85% barrier provides moderate protection, yet historical drawdowns in small-caps (RTY) make breach plausible. Investors forfeit all upside beyond 10.40%, so risk-adjusted appeal depends on one’s view that a <15% decline is more likely than >10.4% appreciation. The 1.88-point markup (price – modeled value) plus 0.375% commission and potential 0.35% referral fee illustrate typical structured-note friction. An estimated breakeven occurs if the worst index ends between 84.999% and 90% of initial, where the buffer or digital feature marginally outperforms passive exposure. Net: product suits yield-seeking allocators comfortable with issuer risk; not compelling for growth-oriented investors.

TL;DR Attractive headline return, but capped upside, liquidity constraints and small-cap drag temper enthusiasm.

From a portfolio construction angle, the note behaves like a credit-linked call spread: long digital on worst-of basket, short equity upside beyond 10.4%, long put struck at 85%. Correlation among SPX/NDX/RTY means RTY dominates risk; historical vol ≈ 22% vs 15% (SPX) makes buffer less reliable. Duration just over a year mitigates rate risk but heightens reinvestment uncertainty. Lack of listing complicates exit; dealer bids likely 2–4 points under theoretical value, especially after the three-month temporary premium expires. I would size conservatively (<2% of total AUM) and treat as a tactical expression if one has high conviction of sideways markets. Impact on BMO’s credit profile is immaterial given size.

Termini economici chiave:

Rendimento Digitale: 10,40% pagabile alla scadenza se il livello di chiusura dell’Attivo di Riferimento con la performance peggiore al 29 luglio 2026 (la Data di Valutazione) è ≥ 85% del suo livello iniziale del 27 giugno 2025 (“Barriera Digitale”).
Buffer: il primo 15% di ribasso è assorbito. Se l’Attivo di Riferimento peggiorante scende oltre il 15%, il capitale si riduce punto per punto oltre il buffer, esponendo gli investitori a una perdita massima dell’85%.
Nessuna cedola periodica; pagamento unico a scadenza.
Prezzo di emissione: 100%; commissione agente 0,375%; valore iniziale stimato: 981,99 $ per 1.000 $, riflettendo commissioni incorporate e costi di copertura.
Esposizione creditizia: obbligazioni non garantite e non subordinate di BMO; CUSIP 06376EMN9; non assicurate FDIC o CDIC; non quotate in borsa.

Términos económicos clave:

Retorno Digital: 10.40% pagadero al vencimiento si el nivel de cierre del Activo de Referencia con peor desempeño al 29 de julio de 2026 (la Fecha de Valoración) es ≥ 85% de su nivel inicial del 27 de junio de 2025 (“Barrera Digital”).
Buffer: se absorbe la primera 15% de caída. Si el Activo de Referencia con peor desempeño cae más del 15%, el principal se reduce punto por punto más allá del buffer, exponiendo a los inversores a una pérdida máxima del 85%.
No hay cupones periódicos; pago único al vencimiento.
Precio de emisión: 100%; comisión del agente 0.375%; valor inicial estimado: $981.99 por cada $1,000, reflejando comisiones incorporadas y costos de cobertura.
Exposición crediticia: obligaciones no garantizadas y no subordinadas de BMO; CUSIP 06376EMN9; no aseguradas por FDIC o CDIC; no cotizadas en bolsa.

주요 경제 조건:

디지털 리턴: 10.40%는 2026년 7월 29일(평가일) 최저 성과 기준 자산의 종가가 2025년 6월 27일 초기 수준의 85% 이상일 경우 만기 시 지급됩니다 (“디지털 장벽”).
버퍼: 최초 15% 하락분은 흡수됩니다. 최저 성과 기준 자산이 15% 이상 하락하면 그 이후의 손실은 원금에서 점대점으로 차감되어 최대 85% 손실 위험이 있습니다.
정기 쿠폰 없음; 만기 시 단일 지급.
발행가: 100%; 대리인 수수료 0.375%; 내재 수수료 및 헤지 비용을 반영한 추정 초기 가치: 1,000달러당 981.99달러.
신용 노출: BMO의 무담보 비후순위 채무; CUSIP 06376EMN9; FDIC 또는 CDIC 보험 미가입; 거래소 상장 안 됨.

Principaux termes économiques :

Rendement numérique : 10,40% payable à l’échéance si le niveau de clôture de l’Actif de Référence le moins performant au 29 juillet 2026 (date d’évaluation) est ≥ 85 % de son niveau initial du 27 juin 2025 (« Barrière numérique »).
Buffer : les 15 % de baisse initiaux sont absorbés. Si l’Actif de Référence le moins performant chute de plus de 15 %, le principal est réduit point par point au-delà du buffer, exposant les investisseurs à une perte maximale de 85 %.
Pas de coupons périodiques ; paiement unique à l’échéance.
Prix d’émission : 100 % ; commission de l’agent 0,375 % ; valeur initiale estimée : 981,99 $ pour 1 000 $, reflétant les frais incorporés et les coûts de couverture.
Exposition au crédit : obligations non garanties et non subordonnées de BMO ; CUSIP 06376EMN9 ; non assurées par la FDIC ou la CDIC ; non cotées en bourse.

Wesentliche wirtschaftliche Bedingungen:

Digitaler Ertrag: 10,40% zahlbar bei Fälligkeit, wenn der Schlusskurs des am schlechtesten performenden Referenzwerts am 29. Juli 2026 (Bewertungstag) ≥ 85 % seines Anfangswerts vom 27. Juni 2025 („Digitale Barriere“) liegt.
Buffer: Die ersten 15% Kursverluste werden ausgeglichen. Fällt der am schlechtesten performende Referenzwert um mehr als 15 %, wird der Kapitalbetrag Punkt für Punkt über den Buffer hinaus reduziert, was Anleger einem maximalen Verlust von 85 % aussetzt.
Keine periodischen Kupons; Einmalzahlung bei Fälligkeit.
Ausgabepreis: 100 %; Agenturprovision 0,375 %; geschätzter Anfangswert: 981,99 $ pro 1.000 $, was eingebettete Gebühren und Absicherungskosten widerspiegelt.
Kreditrisiko: unbesicherte, nicht nachrangige Verbindlichkeiten von BMO; CUSIP 06376EMN9; nicht FDIC- oder CDIC-versichert; nicht an der Börse notiert.

07/01/2025 - 04:30 PM

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): June 25, 2025

Cocrystal Pharma, Inc.

(Exact name of registrant as specified in its charter)

Delaware

001-38418

35-2528215

(State or other Jurisdiction

of Incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

19805 N. Creek Parkway

Bothell, WA

98011

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area code: (786) 459-1831

(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:

☐	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))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

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. ☐

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		COCP		The Nasdaq Stock Market LLC (The Nasdaq Capital Market)

Item 5.07 Submission of Matters to a Vote of Security Holders.

On June 25, 2025, the 2025 Annual Meeting of Stockholders (the “2025 Annual Meeting”) of Cocrystal Pharma, Inc. (the “Company”) was held. At the 2025 Annual Meeting, the Company’s stockholders voted on (i) the election of six members of the Company’s Board of Directors for a one-year term expiring at the next annual meeting of stockholders (Proposal 1); (ii) ratification of the appointment of Weinberg & Company as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2025 (Proposal 2); (iii) approval of the Company’s 2025 Equity Incentive Plan (Proposal 3); and (iv) approval of an adjournment of the 2025 Annual Meeting to a later date or time, if necessary, to permit further solicitation and vote of proxies if there are not sufficient votes at the time of the Annual Meeting to approve any of the proposals presented for a vote at the 2025 Annual Meeting (Proposal 4), all as described in more detail in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on May 5, 2025.

Set forth below are the voting results on each matter submitted to the stockholders at the 2025 Annual Meeting.

Proposal 1. The Company’s stockholders voted to elect the following six individuals as directors to hold office until the next annual meeting of stockholders:

Nominee	Votes For	Abstentions	Broker Non-Votes
Dr. Roger Kornberg	4,386,691	106,487	2,136,203
Dr. Phillip Frost	4,344,444	148,734	2,136,203
Mr. Fred Hassan	4,440,602	52,576	2,136,203
Dr. Anthony Japour	4,368,008	125,170	2,136,203
Mr. Richard C. Pfenniger, Jr.	4,330,382	162,795	2,136,203
Mr. Steven Rubin	3,954,490	538,688	2,136,203

Proposal 2. The Company’s stockholders voted to ratify the appointment of Weinberg & Company as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2025.

Votes For		Votes Against		Abstentions
6,166,964		452,222		10,193

Proposal 3. The Company’s stockholders voted to approve the Company’s 2025 Equity Incentive Plan.

Votes For		Votes Against		Abstentions
3,764,418		714,962		13,797

As there were sufficient votes to approve Proposals 1 through 3, Proposal 4 was moot.

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.

	Cocrystal Pharma, Inc.

Date: July 1, 2025	By:	/s/ James Martin
	Name:	James Martin
	Title:	Chief Financial Officer and Co-Chief Executive Officer

Source: View Original Filing on SEC EDGAR

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What return do the BMO Digital Return Buffer Notes provide at maturity?

Investors receive $1,104 per $1,000 note (a 10.40% gain) if the worst of the S&P 500, NASDAQ-100 or Russell 2000 ends at or above 85% of its initial level.

How much principal protection do the notes offer?

The notes include a 15% buffer; losses begin only if the worst index is more than 15% below its initial level, after which loss is 1-for-1 down to an 85% maximum loss.

When do the notes mature and what are the key dates?

Pricing Date: 27 Jun 2025; Settlement Date: 2 Jul 2025; Valuation Date: 29 Jul 2026; Maturity Date: 3 Aug 2026.

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No. The notes will not be listed; any resale depends on dealer quotes from BMOCM, which may be limited and at a discount.

What is the estimated initial value versus the issue price?

BMO estimates the initial value at $981.99 per $1,000 note, below the $1,000 price, reflecting commissions and hedging costs.

What are the U.S. federal tax considerations?

BMO intends to treat the notes as pre-paid derivative contracts; however, the IRS could assert a different treatment. Investors should consult tax advisors.

[8-K] Cocrystal Pharma, Inc. Reports Material Event

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What return do the BMO Digital Return Buffer Notes provide at maturity?

How much principal protection do the notes offer?

When do the notes mature and what are the key dates?

Are the notes listed or tradable on an exchange?

What is the estimated initial value versus the issue price?

What are the U.S. federal tax considerations?

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[8-K] Cocrystal Pharma, Inc. Reports Material Event

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FAQ

What return do the BMO Digital Return Buffer Notes provide at maturity?

How much principal protection do the notes offer?

When do the notes mature and what are the key dates?

Are the notes listed or tradable on an exchange?

What is the estimated initial value versus the issue price?

What are the U.S. federal tax considerations?

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