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Q/C Technologies (NASDAQ: TNFA) updates 225,000 RSU grants

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
8-K/A

Rhea-AI Filing Summary

Q/C Technologies, Inc. filed an amended report to correct and expand disclosure about equity awards to its leaders. On October 3, 2025, the Board granted an aggregate of 225,000 restricted stock units (RSUs) to its executive chairman, several directors, the chief medical officer, and the vice president of finance under the company’s 2021 Equity Incentive Plan.

The awards include “Initial Grants” of fully vested RSUs issued on the grant date and “Additional Grants” of RSUs that will be issued and fully vest only if stockholders approve an increase in the shares reserved and available under the plan. The amendment is described as limited to adding RSU information for a director that was inadvertently omitted from the original report, with all other information remaining unchanged.

Positive

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Negative

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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K/A

(Amendment No. 1)

 

Current Report

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): September 30, 2025

 

Q/C Technologies, Inc.

(Exact name of Registrant as specified in its charter)

 

Delaware   001-36268   22-2983783

(State or other jurisdiction

of incorporation)

 

(Commission

File No.)

 

(IRS Employer

Identification No.)

 

1185 Avenue of the Americas, Suite 249

New York, NY

  10036
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code: (856) 848-8698

 

 

(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))

 

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 per share   QCLS   The Nasdaq Capital Market

 

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. ☐

 

 

 

 

 

 

Explanatory Note

 

This Amendment No. 1 on Form 8-K/A is being filed to amend the Current Report on Form 8-K filed by Q/C Technologies, Inc. (the “Company”) on October 3, 2025 (the “Original Report”), solely to include information regarding a grant of Restricted Stock Units of the Company (“RSUs”) to a director of the Company that was inadvertently omitted from Item 5.02 of the Original Report. Except as described herein, no other parts of the Original Report presented incorrect information. For convenience, the Company has repeated the full text of Item 5.02 of the Original Report below with corrected information included. Capitalized terms used and not otherwise defined herein shall have the meanings given to such terms in the Original Report.

 

 

 

 

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

On October 3, 2025 (the “Grant Date”), the Board of Directors (the “Board”) of the Company approved grants to each of Joshua Silverman, the Company’s Executive Chairman, Christopher Schriber, a director of the Company, Bill White, a director of the Company, Stephen Friscia, a director of the Company, Mitchell Glass, the Company’s Chief Medical Officer and director of the Company, Gary Rauch, the Company’s Vice President of Finance, and Bruce Bernstein, a director of the Company, of an aggregate of 225,000 RSUs consisting of: (i) 8,644 RSUs to Mr. Silverman, 2,161 RSUs to Mr. Schreiber, 2,161 RUSs to Mr. White, 2,161 RUSs to Mr. Friscia, 1,080 RSUs to Mr. Glass and 1,080 RSUs to Mr. Rauch (the “Initial Grants”), which Initial Grants were issued and fully vested on the Grant Date, and (ii) 91,356 RSUs to Mr. Silverman, 22,839 RSUs to Mr. Schreiber, 22,839 RSUs to Mr. White, 22,839 RSUs to Mr. Friscia, 11,420 RSUs to Mr. Glass, 11,420 RSUs to Mr. Rauch and 25,000 RSUs to Mr. Bernstein (the “Additional Grants”), which Additional Grants will be issued, and will fully vest upon, receipt of stockholder approval of an increase in the shares reserved and available under the Company’s Q/C Technologies, Inc. 2021 Equity Incentive Plan (as amended, the “Plan”). The Initial RSUs and Additional RSUs were issued or will be issued, as applicable, pursuant to the Plan.

 

 

 

 

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.

 

 

Q/C TECHNOLOGIES, INC.

     
Date: October 6, 2025 By: /s/ Joshua Silverman
  Name:  Joshua Silverman
  Title: Executive Chairman

 

 

 

FAQ

What is Q/C Technologies (TNFA) disclosing in this 8-K/A amendment?

The company is amending a prior report to include previously omitted details about grants of restricted stock units (RSUs) to a director, and it restates the full compensation item with corrected information.

How many RSUs did Q/C Technologies grant to its directors and officers?

The Board approved an aggregate of 225,000 RSUs on October 3, 2025, allocated among the executive chairman, several directors, the chief medical officer, and the vice president of finance.

What is the difference between the Initial Grants and Additional Grants of RSUs at Q/C Technologies?

The Initial Grants of RSUs were issued and fully vested on the grant date, while the Additional Grants will be issued and fully vest only upon stockholder approval of an increase in shares reserved under the company’s 2021 Equity Incentive Plan.

Which Q/C Technologies executives and directors received RSU grants?

RSUs were approved for Joshua Silverman (Executive Chairman), Christopher Schriber, Bill White, Stephen Friscia, and Bruce Bernstein as directors, as well as Mitchell Glass (Chief Medical Officer and director) and Gary Rauch (Vice President of Finance).

What stockholder approval is required for some of Q/C Technologies’ RSU grants?

The “Additional Grants” of RSUs will only be issued and fully vest if stockholders approve an increase in the shares reserved and available under Q/C Technologies, Inc. 2021 Equity Incentive Plan.

Under which plan were the Q/C Technologies RSUs granted?

Both the Initial and Additional RSUs were or will be granted under the Q/C Technologies, Inc. 2021 Equity Incentive Plan, as amended.