Item 1.01. Entry into a Material Definitive Agreement.
Between January 5th and 10th, 2022 ,Bioxytran, Inc. ("Bioxytran" or the "Company") entered into 34 Note Purchase Agreements (the "Agreements") with accredited investors for the issuance of a total principal amount of$1,467,000 in 1-year convertible notes (the "Notes"). The Notes carry an interest rate of 6% and are convertible into shares of the Company's Common Stock at a fixed price of$0.25 . The Agreements and the Notes were approved by the Company's Board of Directors onJanuary 10, 2022 . The Notes contain an aggregate discount of$128,290 . The discount resulted in the Company receiving a total of$86,040 less in cash and making up the remainder of the discount by issuing 264,060, 5-year warrants with an exercise price of$0.25 (the "Warrants"), currently valued at$0.16 based on the Black Scholes Option Pricing Model. The Cash and the Warrants were issued to a sole Placement Agent:WallachBeth Capital (MemberFINRA /SIPC ). Date of Principal Commission & Warrants Exercise Amortization Debtor Issuance Amount Fees Issued Term Price of Warrants Maturity 34 Notes 01/10/2022$ 1,467,000 $ - - - $ - $ - 01/10/2023 Agent 01/10/2022 86,040 264,060 5 0.25 42,250$ 1,467,000 $ 86,040 264,060$ 42,250
Item 3.02 Unregistered Sales of
The information provided in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.
Item 8.01. Other Events
OnJanuary 12, 2022 ,Bioxytran released a corporate presentation explaining the current state of the Company's pharmaceutical development. The presentation is attached hereto as Exhibit 99.1 hereto. 1
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits. Exhibit Number Description 10.67 Form of Convertible Note, datedJanuary 5, 2022 . 10.68 Form of Note Purchase Agreement, datedJanuary 5, 2022 . 99.1Bioxytran, Inc. Corporate Presentation, datedJanuary 12, 2022 2
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