SER 8-K
Serina Therapeutics, Inc. (SER)
8-K
2025-05-22
For: 2025-05-22
View Original
Added on
April 09, 2026
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): May 22, 2025
(Exact name of registrant as specified in its charter)
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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:
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Securities registered pursuant to Section 12(b) of the Act:
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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 o
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. o
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Appointment of Stephen Brannan, M.D as a Member of the Board of Directors
On May 22, 2025 , the Board of Directors of Serina Therapeutics, Inc. (the “Company”) appointed Dr. Stephen Brannan to the Company’s Board of Directors, effective May 22, 2025. Dr. Brannan has been appointed to serve as a member of the Compensation Committee.
Dr. Brannan brings deep expertise in neuroscience and neuropsychiatry drug development, with a proven track record of leading clinical programs from early development through regulatory approval and commercialization. Most recently, he served as Chief Medical Officer at Karuna Therapeutics, where he led the clinical strategy for KarXT (xanomeline–trospium), the first new mechanism of action for schizophrenia approved in over 30 years. KarXT’s successful development and launch were key to Karuna’s $14 billion acquisition by Bristol Myers Squibb in 2024.
For serving on our Board of Directors, Dr. Brannan will receive compensation in accordance with the Company’s Director Compensation Policy.
There are no arrangements or understandings between Dr. Brannan and any other persons pursuant to which he was selected as a director of the Company and Dr. Brannan has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
Departure of Remy Gross, as a Member of the Board of Directors
The Company also announced the departure of Remy Gross from its Board of Directors effective May 22, 2025. Mr. Gross informed the Company that his departure is not because of any disagreement with the Company.
A copy of the Company’s press release announcing the appointment of Dr. Brannan to the Company’s Board of Directors is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference.
Item 5.03. Amendments to Articles of Incorporation or Bylaws; Changes in Fiscal Year
On May 22, 2025, the Company filed a certificate of correction (the "Certificate of Correction") to the Certificate of Designations of Preferences, Rights and Limitations of Series A Convertible Preferred Stock (the "Certificate of Designations") with the Secretary of State of the State of Delaware. This Certificate of Designations states that each holder ("Holder") of the Company's Series A Convertible Preferred Stock, par value $0.0001 per share ("Preferred Stock"), is entitled to the number of votes equal to the number of shares of Common Stock such Holder's Preferred Stock would be convertible on the record date for the vote or consent of stockholder into at a conversion price of $5.18 rounded to the nearest whole share (subject to the limitation on conversion set forth in Section 8). The Certificate of Designation omits that the conversion price of $5.18 is also subject to adjustment pursuant to Section 9(b) of the Certificate of Designations.
The Certificate of Correction addresses this omission by amending and restating the first sentence Section 11 of the Certificate of Designation to state that each Holder shall be entitled to the whole number of votes equal to the number of shares of Common Stock into which such Holder’s Series A Preferred Stock would be convertible on the record date for the vote or consent of stockholders at a conversion price of $5.18 per share of Common Stock rounded to the nearest whole share (subject to the limitation on conversion set forth in Section 8 and subject to adjustment of such conversion price pursuant to Section 9(b)), and shall otherwise have voting rights and powers equal to the voting rights and powers of the Common Stock to the fullest extent permitted by applicable law, including, for the avoidance of doubt, with respect to the election of the Company’s directors.
The foregoing description of the Certificate of Correction is qualified in its entirety by reference to the full text of the Certificate of Correction, a copy of which is filed as Exhibit 3.1 to this Current Report on Form 8-K and is incorporated by reference herein.
Item 7.01. Regulation FD Disclosure
Attached hereto as Exhibit 99.1 is a press release dated May 22, 2025, for Serina Therapeutics, Inc. (the “Company”).
The information in this Item 7.01 is being furnished, not filed, pursuant to Regulation FD. Accordingly, the information in this report will not be incorporated by reference into any registration statement filed by the Company under the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated therein by reference. The furnishing of the information in this report is not intended to, and does not, constitute a determination or admission by the Company that, the information in this report is material or complete, or that investors should consider this information before making an investment decision with respect to any security of the Company or any of its affiliates.
Item 9.01 - Financial Statements and Exhibits.
(d) Exhibits
| Exhibit Number | Description | |||||||
| 3.1 | ||||||||
| 99.1 | ||||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||||||
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.
| SERINA THERAPEUTICS, INC. | ||||||||
Date: May 22, 2025 | By: | /s/ Steve Ledger | ||||||
| Chief Executive Officer | ||||||||
CERTIFICATE OF CORRECTION OF
SERINA THERAPEUTICS, INC.
Pursuant to Section 103 of the Delaware General Corporation Law, as amended (the “DGCL”), the undersigned corporation, Serina Therapeutics, Inc., a Delaware corporation (the “Corporation”), hereby adopts the following Certificate of Correction to the Certificate of Designations of Preferences, Rights and Limitations of Series A Convertible Preferred Stock of the Corporation:
FIRST: The name of the Corporation is “Serina Therapeutics, Inc.”
SECOND: That a Certificate of Designations of Preferences, Rights and Limitations of Series A Convertible Preferred Stock was filed by the Secretary of State of Delaware on April 10, 2025 (the “Certificate of Designations”), and that the Certificate of Designations requires correction as permitted by Section 103 of the DGCL.
THIRD: The inaccuracy or defect of the Certificate of Designations is: the first sentence of Section 11 omits the words “and subject to adjustment of such conversion price pursuant to Section 9(b).”
FOURTH: The Certificate of Designations is hereby amended to restate the first sentence of Section 11 of the Certificate of Designations in its entirety as set forth below:
“Each Holder shall be entitled to the whole number of votes equal to the number of shares of Common Stock into which such Holder’s Series A Preferred Stock would be convertible on the record date for the vote or consent of stockholders at a conversion price of $5.18 per share of Common Stock rounded to the nearest whole share (subject to the limitation on conversion set forth in Section 8 and subject to adjustment of such conversion price pursuant to Section 9(b)), and shall otherwise have voting rights and powers equal to the voting rights and powers of the Common Stock to the fullest extent permitted by applicable law, including, for the avoidance of doubt, with respect to the election of the Company’s directors.”
[Signature Page Follows]
4930-8711-5319.2
IN WITNESS WHEREOF, the Corporation has caused this Certificate of Correction to be signed on May 21, 2025.
SERINA THERAPEUTICS, INC.,
a Delaware Corporation
By: __/s/ Steve Ledger__________________
Name: Steve Ledger
Title: Chief Executive Officer
Serina Therapeutics Appoints Stephen Brannan, M.D. to Board of Directors
- Renowned neuroscience drug developer joins to support strategic development
of long-acting CNS therapeutics –
HUNTSVILLE, AL, May 22, 2025 (GLOBE NEWSWIRE) — Serina Therapeutics, Inc. (“Serina”) (NYSE American: SER), a clinical-stage biotechnology company developing a pipeline of product candidates leveraging its proprietary POZ Platform™ drug optimization technology, today announced the appointment of Stephen (Steve) Brannan, M.D., to its Board of Directors.
Dr. Brannan brings more than three decades of experience in neuroscience and neuropsychiatry drug development, with a proven track record of leading clinical programs from early development through regulatory approval and commercialization. Most recently, he served as Chief Medical Officer at Karuna Therapeutics, where he led the clinical strategy for KarXT (xanomeline–trospium), the first new mechanism of action for schizophrenia approved in over 30 years. KarXT’s successful development and launch were key to Karuna’s $14 billion acquisition by Bristol Myers Squibb in 2024.
“Steve brings a rare depth of clinical and strategic expertise in neuroscience drug development, and we’re pleased to welcome him to the Board,” said Steve Ledger, Chief Executive Officer of Serina Therapeutics. “At Karuna, he helped shape the clinical path for KarXT, a first-in-class therapy that ultimately drove one of the largest CNS acquisitions in recent years. His experience designing thoughtful, data-driven trials and his understanding of patient and commercial needs are highly aligned with Serina’s focus on long-acting treatments for movement disorders and other CNS conditions. We look forward to his contributions as we advance our pipeline toward the clinic.”
Dr. Brannan previously held senior leadership roles at Takeda, Novartis, Cyberonics (now LivaNova), and Eli Lilly, where he directed clinical development programs in depression, Alzheimer’s disease, schizophrenia, and treatment-resistant epilepsy. At Takeda, he led turnaround efforts that rescued and advanced multiple late-stage CNS programs. He is a founding member of the CNS Summit Leadership Council and has served on the Executive Committee of the International Society for CNS Clinical Trials and Methodology (ISCTM), reflecting his continued influence on the field’s evolving standards and methodologies.
Dr. Brannan received his A.B. from Harvard University and his M.D. from the University of Texas Southwestern Medical School. He completed residency and fellowship training in psychiatry and neuroimaging, and has served in academic, clinical, and industry leadership roles throughout his career.
Serina also announced the departure of Remy Gross from its Board of Directors. Mr. Ledger stated, “Remy has been a trusted advisor to the team at Serina for many years. We thank Remy for his contributions to Serina’s growth from private to public company and his continuing support of the team in a new consulting role. "
About Serina Therapeutics
Serina is a clinical-stage biotechnology company developing a pipeline of wholly owned drug product candidates to treat neurological diseases and other indications. Serina’s POZ Platform™ provides the potential to improve the integrated efficacy and safety profile of multiple modalities including small molecules, RNA-based therapeutics and antibody-based drug conjugates (ADCs). Serina is headquartered in Huntsville, Alabama on the campus of the HudsonAlpha Institute of Biotechnology.
For more information, please visit https://serinatherapeutics.com.
For inquiries, please contact:
Stefan Riley
(256) 327-9630