Clearmind Medicine Inc 6-K, filed Apr 15, 2026
Clearmind Medicine Inc. (CMND)
About this 6-K
Clearmind Medicine Inc filed this 6-K on April 15, 2026.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
under the Securities Exchange Act of 1934
For the month of: April 2026
Commission file number: 001-41557
CLEARMIND MEDICINE INC.
(Translation of registrant’s name into English)
101 – 1220 West 6th Avenue
Vancouver, British Columbia
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
CONTENTS
As previously announced, on September 17, 2025, Clearmind Medicine Inc. (the “Company”) entered into securities purchase agreements (the “SPAs”) with investors (the “CLA Investors”) pursuant to which the Company shall issue and sell, from time to time, convertible promissory notes (the “Promissory Notes”) in the aggregate principal amount of up to $10,000,000, and on April 14, 2026, the Company announced that it had delivered a notice to the CLA Investors pursuant to which the Company shall issue and sell Promissory Notes to the CLA Investors in the aggregate principal amount of $1,750,000 for an aggregate purchase price payable in cash equal to 90% of the principal amount, or $1,575,000.
On April 15, 2026, the Company and the CLA Investors entered into a conversion agreement (the “Conversion Agreement”) pursuant to which each of the CLA Investors converted $875,000 under the Promissory Notes at an agreed conversion price of $0.60 per common share. In addition, the Company and the CLA Investors agreed that floor price in the form of Promissory Note attached to the SPAs shall be amended to $0.60 per common share. The foregoing description of the Conversion Agreement is qualified in its entirety by reference to the full text of such document, which is attached hereto as Exhibit 10.1.
This Form 6-K incorporated by reference into the Registrant’s Registration Statements on Form F-3 (File Nos. 333-275991, 333-270859, 333-273293, 333-293521) and Form S-8 (File No. 333-283695), filed with the Securities and Exchange Commission, to be a part thereof from the date on which this report is submitted, to the extent not superseded by documents or reports subsequently filed or furnished.
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EXHIBIT INDEX
| Exhibit No. | ||
| 10.1 | Form of Conversion Agreement |
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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, thereunto duly authorized.
| Clearmind Medicine, Inc. | ||
| (Registrant) | ||
| Date: April 15, 2026 | By: | /s/ Adi Zuloff-Shani |
| Name: | Adi Zuloff-Shani | |
| Title: | Chief Executive Officer | |
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Exhibit 10.1
CONVERSION AGREEMENT
This Conversion Agreement (this “Agreement”) is entered into as of April 15, 2026 (the “Effective Date”), by and between Clearmind Medicine Inc., a British Columbia corporation (the “Company”), and the accredited investors party hereto (the “Holder”).
WITNESSETH
WHEREAS, the Company issued to the Holder a Convertible Note, dated April 14, 2026 (the “Note”), in the original principal amount of $875,000, pursuant to that certain Securities Purchase Agreement, dated September 17, 2025 (as amended, the “SPA”);
WHEREAS, the Note is convertible into Common Shares of the Company on the terms and conditions set forth in Section 3 thereof;
WHEREAS, the Company and the Holder desire to effect a conversion of the outstanding amounts under the Note at a mutually agreed conversion price, notwithstanding the Conversion Price formula set forth in the Note; and
WHEREAS, the Company and the Holder desire to set forth their agreement with respect to such conversion and the applicable conversion price.
AGREEMENT
1. Definitions. Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such terms in the Note.
2. Agreed Conversion.
2.1 Conversion Amount. Subject to the terms and conditions of this Agreement, the Holder hereby agrees to convert, and the Company agrees to honor the conversion of, $875,000 of the outstanding Conversion Amount under the Note (the “Agreed Conversion Amount”).
2.2 Agreed Conversion Price. Notwithstanding anything to the contrary in the Note (including, without limitation, the definition of “Conversion Price” and the Floor Price), solely with respect to the conversion of the Agreed Conversion Amount pursuant to this Agreement, the parties hereby agree that the conversion price shall be $0.60 per Common Share (the “Agreed Conversion Price”) and shall be allocated in accordance with the instructions set forth on the Holder’s signature page.
2.3 Issuance of Common Shares. The number of Common Shares issuable upon conversion of the Agreed Conversion Amount shall be equal to the Agreed Conversion Amount divided by the Agreed Conversion Price, rounded in accordance with Section 3(a) of the Note (the “Conversion Shares”).
2.4 Deemed Conversion Notice. For purposes of Section 3(b) of the Note, the execution and delivery of this Agreement shall be deemed to constitute a valid and irrevocable Conversion Notice with respect to the Agreed Conversion Amount.
3. Mechanics; Timing
3.1 Share Delivery. The Company shall issue and deliver (or cause its transfer agent to issue and deliver) the Conversion Shares to the Holder (or its designee) in accordance with Section 3(b) of the Note within the time period specified therein.
3.2 Partial Conversion; Reissuance of Note. If the outstanding Principal under the Note exceeds the Agreed Conversion Amount, then promptly following the conversion contemplated hereby, the Company shall issue to the Holder a new Note in accordance with Section 4 of the Note reflecting the remaining outstanding Principal and accrued and unpaid Interest.
4. Limited Waiver and Amendment
4.1 Override of Conversion Price Formula. Solely with respect to the conversion of the Agreed Conversion Amount pursuant to this Agreement, the parties hereby waive and amend the application of Section 3 of the Note to provide that the Agreed Conversion Price shall apply in lieu of the Conversion Price otherwise determined thereunder.
4.2 Floor Price. The definition of “Floor Price” in the form of Convertible Note attached as Exhibit A to the SPA shall be amended to mean $0.60 per Common Share.
4.3 No Other Amendments. Except as expressly set forth herein, all terms and provisions of the Note and the SPA shall remain in full force and effect, unmodified and unimpaired, and are hereby ratified and confirmed.
5. No Event of Default. The Company represents and warrants that, as of the Effective Date, no Event of Default has occurred and is continuing under the Note.
6. Securities Law Matters
6.1 Registration Statement. The Conversion Shares have been registered for resale pursuant to a registration statement filed by the Company with the Securities and Exchange Commission (the “Registration Statement”). The Company represents that the Registration Statement is effective as of the Effective Date.
6.2 Legends. Upon issuance, the Conversion Shares shall not bear any restrictive legends, and the Company shall cause its transfer agent to issue such Conversion Shares in book-entry or other uncertificated form without restrictive legends, in each case in accordance with the Registration Statement and applicable law.
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6.3 Ownership Limitation. Pursuant to the SPA, in no event will any Holder’s voting rights in the Company or ownership of the Company’s issued capital stock exceed 4.99% of the number of Common Shares outstanding immediately after giving effect to the issuance of the securities.
7. Representations of the Holder. The Holder represents and warrants that: (a) it is the lawful holder of the Note; (b) it has full power and authority to enter into this Agreement; (c) it is acquiring the Conversion Shares for its own account and not with a view to distribution in violation of the Securities Act; and (d) it has consulted with its own advisors regarding the conversion contemplated hereby.
8. Governing Law. This Agreement shall be governed by, and construed in accordance with, the governing law provisions set forth in Section 8(a) of the SPA, which provision is hereby incorporated by reference mutatis mutandis.
9. Miscellaneous.
9.1 Entire Agreement. This Agreement constitutes the entire agreement of the parties with respect to the subject matter hereof.
9.2 Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original.
9.3 Further Assurances. Each party agrees to execute and deliver such further documents and instruments as may be reasonably necessary to carry out the intent of this Agreement.
[REMAINDER PAGE INTENTIONALLY LEFT BLANK]
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IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above.
| CLEARMIND MEDICINE INC. | ||
| By: | ||
| Name: | ||
| Title: | ||
| [HOLDER NAME] | ||
| By: | ||
| Name: | ||
| Title: | ||
| Allocation of Common Shares | ||
| 4.99% limitation | [●] Common Shares | |
| Shares to be held in abeyance: | [●] Common Shares | |
| Total: | [●] Common Shares | |
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