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Myseum (NASDAQ: MYSE) amends $3.5M at-the-market stock sales deal

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

Rhea-AI Filing Summary

DatChat, Inc., now operating as Myseum, entered a First Amendment to its Sales Agreement with The Benchmark Company, LLC, updating the terms of its at-the-market stock offering program.

The agreement allows the company to sell shares of common stock from time to time, with an aggregate offering limit of $3,500,000, under an effective Form S-3 shelf registration. Benchmark will act as sales agent, earning a 4.0% commission on gross proceeds from each sale, reduced to 3% once total sales under the Sales Agreement reach $1,000,000 or more. The company is not required to sell any shares and may suspend offers, and the program ends when either the full $3,500,000 of stock is sold or the Sales Agreement is terminated by either party.

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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) February 6, 2026

 

MYSEUM, INC.

(Exact name of registrant as specified in its charter)

 

Nevada   001-40729   47-2502264
(State or other jurisdiction
of incorporation)
  (Commission File Number)   (I. R. S. Employer
Identification No.)

 

65 Church Street, Suite 230

New Brunswick, NJ 08901

(Address of principal executive offices, including ZIP code)

 

(732) 374-3529

(Registrant’s telephone number, including area code)

 

Not Applicable

(Former name or former address, if changed since last report)

 

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, $0.0001 par value   MYSE   The Nasdaq Stock Market LLC
Series A Warrants, each warrant exercisable for one share of Common Stock at an exercise price of $49.80   MYSEW   The Nasdaq Stock Market LLC

 

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 (§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 1.01 Entry into a Material Definitive Agreement.

 

On February 6, 2026, DatChat, Inc. (“we,” “us,” the “Company” or “MYSE”) entered into a First Amendment to Sales Agreement (the “First Amendment”) with The Benchmark Company, LLC (“Benchmark”), which First Amendment amends that certain Sales Agreement dated February 10, 2025 between the Company and Benchmark (as amended, the “Sales Agreement”). The Sales Agreement provides for the sale of shares of our common stock, par value $0.0001 per share, (the “Shares”) having an aggregate sales price of up to $3,500,000, from time to time, through an “at the market offering” program under which Benchmark will act as sales agent. The First Amendment was executed to update the shelf registration on Form S-3 (File No. 333-291818) under which sales of Shares will be issued under the Sales Agreement, which S-3 registration statement was filed by the Company with the SEC on November 26, 2025 and declared effective by the SEC on December 3, 2025. Concurrently herewith, we are filing a prospectus supplement (the “Prospectus Supplement”), dated February 6, 2026, with the U.S. Securities and Exchange Commission in connection with the offer and sale of the Shares.

 

The sales, if any, of the Shares made under the Sales Agreement will be made by any method permitted by law deemed to be an “at the market offering” as defined in Rule 415 promulgated under the Securities Act of 1933, as amended. We will pay Benchmark a commission rate equal to 4.0% of the aggregate gross proceeds from each sale of Shares; provided however, that in the event that the amount of Shares sold under the Sales Agreement increases to $1 million or more, then the commission rate will be reduced to 3%. In addition, we have agreed to provide Benchmark with customary indemnification and contribution rights. We will also reimburse Benchmark for certain specified expenses in connection with entering into the Sales Agreement. The Sales Agreement contains customary representations and warranties and conditions to the sale of the Shares pursuant thereto.

 

We are not obligated to sell any of the Shares under the Sales Agreement and may at any time suspend solicitation and offers thereunder. The offering of Shares pursuant to the Sales Agreement will terminate on the earlier of (1) the sale, pursuant to the Sales Agreement, of Shares having an aggregate offering price of $3,500,000 and (2) the termination of the Sales Agreement by either us or Benchmark, as permitted therein.

 

This Current Report does not constitute an offer to sell or the solicitation of an offer to buy any security nor any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

 

The foregoing description is qualified in its entirety by reference to the full text of the Sales Agreement as amended by the First Amendment, the forms of which are filed as Exhibits 1.1 and 1.2 to this Current Report and which are incorporated by reference.

 

Attached hereto as Exhibit 5.1, and incorporated by reference to the Prospectus Supplement, is the opinion of Sheppard Mullin Richter & Hampton LLP relating to the legality of the Shares.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit No.   Description
1.1   Sales Agreement between Myseum, Inc. f/k/a DatChat, Inc. and The Benchmark Company, LLC dated February 10, 2025, filed as Exhibit 1.1 to the registrant’s Current Report on Form 8-K filed with the SEC on February 10, 2025
1.2   First Amendment  to Sales Agreement between Myseum, Inc. and The Benchmark Company, LLC dated February 6, 2026
5.1   Opinion of Sheppard, Mullin, Richter & Hampton LLP
23.1   Consent of Sheppard Mullin Richter & Hampton LLP (included in Exhibit 5.1 filed herewith)
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

1

 

 

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: February 6, 2026 MYSEUM, INC.
     
  By: /s/ Darin Myman
  Name: Darin Myman
  Title: Chief Executive Officer

 

2

 

 

 

 

FAQ

What did Myseum (MYSE) announce in this Form 8-K?

Myseum, formerly DatChat, entered a First Amendment to its Sales Agreement with The Benchmark Company for an at-the-market stock offering program, updating use of its Form S-3 shelf to sell common shares up to a $3,500,000 aggregate amount over time.

How large is Myseum’s (MYSE) at-the-market offering program?

The Sales Agreement authorizes Myseum to sell shares of common stock with an aggregate offering price of up to $3,500,000. These shares may be sold from time to time under an effective Form S-3 shelf registration through Benchmark acting as sales agent.

What commissions will Benchmark earn under Myseum’s (MYSE) Sales Agreement?

Benchmark will receive a commission equal to 4.0% of aggregate gross proceeds from each stock sale. Once the amount of shares sold under the Sales Agreement reaches $1,000,000 or more, the commission rate is reduced to 3%, improving economics on additional issuances.

Is Myseum (MYSE) obligated to sell stock under this at-the-market program?

Myseum is not obligated to sell any shares under the Sales Agreement and may suspend solicitations and offers at any time. This structure provides flexibility to issue equity only when management determines conditions are appropriate for potential sales into the market.

When will Myseum’s (MYSE) at-the-market stock offering terminate?

The at-the-market program will end when either Myseum has sold shares with an aggregate offering price of $3,500,000 under the Sales Agreement, or when the Sales Agreement is terminated by either Myseum or Benchmark in accordance with its termination provisions.

What registration statement supports Myseum’s (MYSE) at-the-market offering?

Sales under the program will be made under Myseum’s Form S-3 shelf registration statement, File No. 333-291818. This registration was filed on November 26, 2025 and declared effective on December 3, 2025, enabling the registered at-the-market issuance of common shares.

Who provided the legal opinion on the validity of Myseum’s (MYSE) shares?

Sheppard Mullin Richter & Hampton LLP provided the legal opinion on the legality of the shares offered under the program. Their opinion is included as Exhibit 5.1 and is incorporated by reference into the related prospectus supplement dated February 6, 2026.
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