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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): July 23, 2025

 

 

 

 

 

BLUEJAY DIAGNOSTICS, INC.

(Exact Name of Registrant as Specified in its Charter)

 

 

 

delaware   001-41031   47-3552922
(State or Other Jurisdiction
of Incorporation or Organization)
  (Commission File No.)  

(I.R.S. Employer
Identification No.)

 

360 Massachusetts Avenue, Suite 203

Acton, MA 01720

(Address of principal executive offices and zip code)

 

(844) 327-7078

(Registrant’s telephone number, including area code)

 

 

(Former name or former address, if changed from 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 (see General Instruction A.2. below):

 

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-14(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 July 23, 2025, Bluejay Diagnostics, Inc. (the “Company”) entered into an amendment (the “Amendment”) to its amended and restated license agreement (the “License Agreement”) and master supply agreement (the “Supply Agreement”) with Toray Industries, Inc. (“Toray”). The Amendment provides that the deadline under the License Agreement for the Company to establish an alternative manufacturing site for the Company’s Symphony cartridges has been extended from October 23, 2025 to October 23, 2026, and the Company has agreed to use its best efforts to establish the site by such date. The Amendment confirms that Toray has provided to the Company all applicable know-how required under the License Agreement and is not under any further obligation to provide know-how or technical assistance to the Company. The Amendment also provides that the Company shall pay $71,212 to Toray for a final supply of certain chip components prior to the impending expiration of the Supply Agreement on October 23, 2025.

 

The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of such agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

 

Item 9.01.Financial Statements and Exhibits.

 

(d) Exhibits

 

10.1  

Amendment to License Agreement and Master Supply Agreement, entered into on July 23, 2025, by and between Bluejay Diagnostics, Inc. and Toray Industries, Inc.

104   Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

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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.

 

  Bluejay Diagnostics, Inc.
     
  By:  /s/ Neil Dey
    Neil Dey
    President and Chief Executive Officer

 

Date: July 28, 2025

 

 

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Exhibit 10.1 

 

AMENDMENT TO

LICENSE AGREEMENT AND MASTER SUPPLY AGREEMENT

 

This Amendment to License Agreement and Master Supply Agreement (this “Amendment”) is made as of July 22, 2025 (the “Amendment Effective Date”) by and between Bluejay Diagnostics, Inc., having its principal place of business at 360 Massachusetts Avenue, Suite 203, Acton, MA, 01720, USA (“Bluejay”) and Toray Industries, Inc., having its principal place of business at 1-1, Nihonbashi-muromachi 2-chome, Chuo-ku, Tokyo 103-8666, Japan (“Toray”). Bluejay and Toray are collectively referred to as the “Parties” and individually as a “Party”. Capitalized terms not defined in this Amendment have the meanings defined in the Original License Agreement and Original Supply Agreement defined below.

 

BACKGROUND

 

(A)Toray and Bluejay are parties to a License and Supply Agreement dated October 6, 2020 (which was amended by the Amended and Restated License Agreement dated October 20, 2023, the “Original License Agreement”).

 

(B)Toray and Bluejay are parties to a Master Supply Agreement dated October 23, 2023 (the “Original Supply Agreement”).

 

(C)Pursuant to Section 8.1 of the Original Supply Agreement, the Original Supply Agreement will terminate on October 23, 2025. Under Section 7.2 of the Original License Agreement, during the effective term of the Supply Agreement, Bluejay is obligated to establish an alternative manufacturing site for the Chip Products for Commercial Sales at the Designated Manufacturer at its own cost.

 

(D)Toray acknowledges that it may be difficult for Bluejay to establish an alternative manufacturing site for the Chip Products by October 23, 2025. Accordingly, Toray agrees not to terminate the Original License Agreement on the grounds of Bluejay’s failure to comply with Article 7.2 of the Original License Agreement on condition that Bluejay agrees to this Amendment.

 

(E)In connection with the foregoing, Toray and Bluejay have agreed to amend the terms of the Original License Agreement and the Original Supply Agreement as set out in this Amendment.

 

NOW THEREFORE, in consideration of the covenants contained herein, the Parties hereby agree as follows:

 

Article 1.Amendment to the Original License Agreement

 

1.1Bluejay and Toray confirm that all Toray Know-How set forth in Article 5.1 of the Original License Agreement and Technical Assistance set forth in Article 5.2 of the Original License Agreement has been fully provided, and that Toray shall have no further obligation to provide any additional Know-How and Technical Assistance; therefore, Bluejay and Toray agree to delete the following provisions of the Original License Agreement: Article 1.27, the second sentence of Article 5.1, Article 5.2, the third sentence of Article 5.3, and Article 5.4.

 

1.2Bluejay and Toray agree to replace Article 7.2 of the Original License Agreement with the following provision:

 

Bluejay shall use best efforts to have substantially completed the establishment of an alternative manufacturing site of the Chip Products at the Designated Manufacturer at its own cost by October 23, 2026. The manufacturing sites, if any, will be established by Bluejay without Toray’s technical assistance.

 

 

 

 

Article 2.Amendment to the Original Supply Agreement

 

2.1Bluejay and Toray agree to replace Article 4.1 of the Original Supply Agreement with the following provision:

 

The annual rolling forecast set out in Schedule 5 of this Amendment (the "Annual Rolling Forecast") shall be binding. Bluejay shall not be entitled to reduce, cancel, or defer any portion of the quantities set forth in the Annual Rolling Forecast without the prior written consent of Toray. Bluejay shall issue Purchase Orders in accordance with the quantities and delivery schedule specified in the Annual Rolling Forecast.

 

2.2Bluejay and Toray agree that Schedules 1 through 4 of the Original Supply Agreement shall be entirely replaced with Schedules 1 through 4 of this Amendment.

 

Article 3.Compensation for Supply Resumption

 

3.1Bluejay shall pay Toray an amount of 71,212 USD within thirty (30) days after the Amendment Effective Date, as reimbursement for the cost of resuming the supply of Toray Chip Intermediates and for the expenses related to PO296 / Lot 012404. Bluejay shall bear their own bank charges incurred in connection with such payment transfer. For the avoidance of doubt, Bluejay has notified Toray that Bluejay does not wish to receive the supply of PO296 / Lot 012404.

 

3.2if Bluejay breaches an obligation set forth in Article 3.1 of the Amendment, Bluejay shall be deemed to have materially breached the Original License Agreement and Toray may terminate the Original License Agreement in accordance with Article 15.3(a) of the Original License Agreement.

 

Article 4.TERM

 

Article 1 of this Amendment shall remain in effect until the Original License Agreement is terminated. Article 2 of this Amendment shall remain in effect until the Original Supply Agreement is terminated. Article 3 of this Amendment shall remain in effect unless and until all obligations set forth therein are completed in full.

 

Article 5.MISCELLANEOUS

 

All other terms and conditions of the Original License Agreement and the Original Supply Agreement shall remain unchanged.

 

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IN WITNESS WHEREOF, the Parties have caused this Amendment to be executed by their duly authorized officers or representatives as of the Amendment Effective Date.

 

Bluejay Diagnostics, Inc.   Toray Industries, Inc.
     
/s/ Neil Dey   /s/ Hideaki Inada
     

Name:

Neil Dey

 

Name:

Hideaki Inada

Title: Chief Executive Officer   Title: General Manager, Pharmaceuticals &
Date: July 23, 2025     Medical Products Business Planning Dept.
  Date: July 23, 2025

 

 

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