STOCK TITAN

Titan Pharmaceuticals (TTNP) ends legacy S-8 equity plans post-merger

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
S-8 POS

Rhea-AI Filing Summary

Titan Pharmaceuticals, Inc. filed post-effective amendments to several Form S-8 registration statements to deregister any shares that were registered but remain unsold or unissued under its employee and incentive equity plans. This step follows completion of its previously announced business combination on October 1, 2025, in which Titan merged with a subsidiary of Black Titan Corporation and became a direct wholly owned subsidiary of Black Titan. The amendments formally terminate the effectiveness of the affected S-8 registrations in line with undertakings previously made in those filings.

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Insights

Housekeeping deregistration of plan shares after Titan’s merger into Black Titan.

The company is filing post-effective amendments to multiple Form S-8 registration statements to deregister shares that were registered for issuance under legacy stock and incentive plans but were never issued. This is a common technical step once an issuer’s prior equity plans are no longer in use, particularly after a corporate reorganization.

The filing notes that Titan completed a business combination on October 1, 2025, becoming a wholly owned subsidiary of Black Titan Corporation. After this transaction, the old Titan plans covered by these S-8s are effectively legacy arrangements, so leaving unused shares registered would no longer serve a purpose and could add unnecessary administrative overhead.

By formally terminating the effectiveness of these S-8s and removing unsold securities from registration, Titan is aligning its SEC registrations with its new ownership and capital structure. The action is administrative in nature and does not by itself change economics for existing shareholders of the new parent entity; it simply cleans up unused capacity under old equity plans following the merger.

 

As filed with the Securities and Exchange Commission on October 9, 2025

 

Registration No. 333-275153

Registration No. 333-207950

Registration No. 333-171181

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

 

POST-EFFECTIVE AMENDMENT NO. 1 TO
FORM S-8 REGISTRATION STATEMENT NO. 333-275153

 

POST-EFFECTIVE AMENDMENT NO. 1 TO
FORM S-8 REGISTRATION STATEMENT NO. 333-207950

 

POST-EFFECTIVE AMENDMENT NO. 1 TO
FORM S-8 REGISTRATION STATEMENT NO. 333-171181

 

UNDER
THE SECURITIES ACT OF 1933

 

 

 

TITAN PHARMACEUTICALS, INC.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   94-3171940

(State or other jurisdiction of

incorporation or organization)

 

(I.R.S. Employer

Identification No.)

 

10 East 53rd St., Suite 3001

New York, NY 10022

(Address of Principal Executive Offices, including Zip Code)

 

Titan Pharmaceuticals, Inc. 2014 Incentive Plan
Titan Pharmaceuticals, Inc. 2015 Omnibus Incentive Plan

Titan Pharmaceuticals, Inc. 1995 Stock Option Plan, as amended and restated

Titan Pharmaceuticals, Inc. 1998 Stock Option Plan

Titan Pharmaceuticals, Inc. 2001 Non-Qualified Stock Option Plan

Titan Pharmaceuticals, Inc. 2002 Stock Incentive Plan

(Full Title of the Plans)

 

Chay Weei Jye
Acting Secretary
Titan Pharmaceuticals, Inc.
10 East 53rd St., Suite 3001
New York, New York 10022
(786) 769-7512

(Name, address and telephone number of agent for service)

 

 

 

Copies to:

Kenneth A. Schlesinger, Esq.

Olshan Frome Wolosky LLP

1325 Avenue of the Americas, 15th Floor

New York, New York 10019

(212) 451-2300

 

 

 

 

 

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

 

Large accelerated filer Accelerated filer
Non-accelerated filer Smaller reporting company
    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 7(a)(2)(B) of the Securities Act. ☐

 

 

 

 

 

 

DEREGISTRATION OF SECURITIES

 

These Post-Effective Amendments (these “Post-Effective Amendments”) relate to the following Registration Statements on Form S-8 (each a “Registration Statement,” and collectively, the “Registration Statements”), filed with the Securities and Exchange Commission (the “SEC”) by Titan Pharmaceuticals, Inc. (the “Company” or “Titan”):

 

Registration Statement No. 333-275153 filed with the SEC on October 24, 2023 pertaining to the registration of 2,492,424 shares of common stock, par value $0.001 per share (“Common Stock”), issuable pursuant to the terms and in the manner set forth in the Company’s Amended and Restated 2015 Omnibus Equity Incentive Plan, (the “2015 Plan”);

 

Registration Statement No. 333-207950 filed with the SEC on November 11, 2015 pertaining to the registration of 1,784,750 shares of Common Stock pursuant to Titan Pharmaceuticals, Inc. 2014 Incentive Plan and the 2015 Plan; and

 

Registration Statement No. 333-171181 filed with the SEC on December 15, 2010 pertaining to the registration of 8,370,413 shares of Common Stock pursuant to the Company’s prior stock option and incentive plans.

 

On October 1, 2025, the Company completed its previously announced business combination pursuant to the Merger and Contribution and Share Exchange Agreement (the “Merger Agreement”) dated as of August 19, 2024 by and among (i) the Company, (ii) Black Titan Corporation, a Cayman Islands exempted company limited by shares (“Black Titan” or “PubCo”), (iii) TTNP Merger Sub, Inc., a Delaware corporation and a direct wholly owned subsidiary of Black Titan (“Merger Sub”), and (iv) TalenTec Sdn. Bhd., f/k/e KE Sdn. Bhd., a Malaysian private limited company (“TalenTec”). Upon the terms and subject to the conditions of the Merger Agreement, on October 1, 2025, at the effective time of the Merger, Merger Sub merged with and into the Company (the “Merger”), with the Company continuing as the surviving corporation under the same name as a direct wholly owned subsidiary of Black Titan.

 

In connection with the Merger, Titan, by filing this Post-Effective Amendment, hereby terminates the effectiveness of the Registration Statements and removes from registration any and all securities registered but unsold or otherwise unissued under the Registration Statements as of the date hereof. This filing is made in accordance with an undertaking made by Titan in Part II of the Registration Statements to remove from registration by means of a post-effective amendment any securities that had been registered for issuance but remain unsold or unissued at the termination of the offering. The Registration Statements are hereby amended, as appropriate, to reflect the deregistration of such securities.

 

1

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Act of 1933, as amended (the “Securities Act”), the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused these Post-Effective Amendments to be signed on its behalf by the undersigned, thereunto duly authorized, in Kuala Lumpur, Country of Malaysia,, on this 9th day of October, 2025.

 

  TITAN PHARMACEUTICALS, INC.
     
  By: /s/ Chay Weei Jye
  Name: Chay Weei Jye
  Title: Acting Secretary

 

Note: No other person is required to sign this Post-Effective Amendment on behalf of the Registrant in reliance on Rule 478 of the Securities Act of 1933.

 

2

FAQ

What did Titan Pharmaceuticals (TTNP) do in this post-effective amendment?

Titan Pharmaceuticals filed post-effective amendments to several Form S-8 registration statements to terminate their effectiveness and deregister any shares that were registered but remain unsold or unissued under its equity incentive and stock option plans.

Why is Titan Pharmaceuticals (TTNP) deregistering shares from its S-8 plans?

Titan is deregistering these shares because it has completed a business combination in which it became a direct wholly owned subsidiary of Black Titan Corporation, and the unused shares under the legacy equity plans are no longer needed, so they are being removed from registration as previously undertaken in the original S-8 filings.

How is the Black Titan Corporation merger related to this Titan (TTNP) filing?

The filing explains that on October 1, 2025, Titan merged with a subsidiary of Black Titan Corporation and now operates as its wholly owned subsidiary; in connection with that merger, Titan is now terminating the effectiveness of its earlier S-8 registrations and deregistering unsold plan shares.

Does this Titan Pharmaceuticals S-8 amendment register or sell new securities?

No, this post-effective amendment does not register or sell new securities; it removes from registration securities that had previously been registered for issuance under Titan’s equity plans but were never sold or issued.

Which Titan Pharmaceuticals plans are affected by these S-8 deregistrations?

The affected registrations relate to Titan’s 2014 Incentive Plan, 2015 Omnibus Incentive Plan, and several earlier stock option and stock incentive plans, from which any remaining unsold or unissued registered shares are being deregistered.

Is this Titan (TTNP) S-8 amendment a routine administrative step?

Yes, the amendment is described as implementing an undertaking in the original S-8s to remove from registration any securities that remained unsold or unissued at the termination of the offerings, a routine clean-up step often taken after a merger or similar transaction.
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Biotechnology
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