Form 8-K
8-K — Akari Therapeutics Plc
Accession: 0001493152-26-030341
Filed: 2026-06-26
Period: 2026-06-23
CIK: 0001541157
SIC: 2834 (PHARMACEUTICAL PREPARATIONS)
Item: Entry into a Material Definitive Agreement
Item: Financial Statements and Exhibits
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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): June 23, 2026
Akari
Therapeutics, Plc
(Exact
Name of Registrant as Specified in Charter)
England
and Wales
001-36288
98-1034922
(State
or other jurisdiction
of incorporation)
(Commission
File
Number)
(I.R.S.
Employer
Identification No.)
401
East Jackson Street, Suite 3300
Tampa,
FL 33602
(Address,
including zip code, of Principal Executive Offices)
Registrant’s
telephone number, including area code: (929) 274-7510
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:
☐
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-4(c))
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class:
Trading
Symbol(s)
Name
of each exchange
on
which registered
American
Depository Shares, each representing 80,000 Ordinary Shares
AKTX
The
Nasdaq Capital Market
Ordinary
Shares, par value $0.000000005 per share*
*
Trading, but only in connection with the American Depositary Shares.
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.
As
previously disclosed on its Current Report on Form 8-K on May 22, 2026, Akari Therapeutics, Plc (the “Company”) entered
into a securities purchase agreement (the “Purchase Agreement”) with certain investors (the “Investors”),
pursuant to which the Company agreed to sell and issue in a private placement (the “Offering”) an aggregate of 1,470,588
unregistered American Depository Shares (“ADSs”), or prefunded warrants to purchase ADSs, each representing 80,000
of the Company’s ordinary shares per ADS, together with Series H warrants, Series I warrants and Series J warrants to purchase
an equivalent number of ADSs (the Series H, Series I, and Series J warrants collectively referred to as the “Series Warrants”).
Under
the Purchase Agreement, the gross proceeds of the Offering were to be funded in three separate tranches pursuant to three separate closings,
the first of which occurred on May 27, 2026 (the “First Closing Date”), and the second and third closings were expected
to occur on or about June 15, 2026 (the “Second Closing Date”) and July 15, 2026 (the “Third Closing Date”),
respectively.
Subsequent
to the First Closing Date, on June 23, 2026, the Company and the Investors entered into an amendment to the Purchase Agreement (the “Amendment”),
pursuant to which the parties agreed to combine the Second Closing Date and the Third Closing Date into one consolidated closing, which
occurred on June 26, 2026 (the “Combined Closing Date”). Other than establishing the Combined Closing Date, no changes
to the Purchase Agreement were made by the Amendment. On the Combined Closing Date, the Company issued and sold to the Investors the
remaining 980,395 ADSs, or prefunded warrants in lieu thereof, due under the Purchase Agreement. Delivery of the Series Warrants is contingent
upon receipt of shareholder approval at the Company’s annual general meeting of shareholders to be held on June 30, 2026.
The
foregoing summary of the terms of the Amendment is subject to, and qualified in its entirety by, the full text of such agreement, which
is filed as Exhibit 10.1, to this Current Report on Form 8-K and is incorporated by reference herein.
Item 9.01.
Financial Statements and Exhibits.
(d)
Exhibits
Exhibit
No.
Description
10.1
Form of Amendment to Securities Purchase Agreement, dated June 23, 2026, by and among Akari Therapeutics, Plc and the purchasers party thereto
104
The
cover page from this Current Report on Form 8-K, formatted in Inline XBRL.
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.
Akari Therapeutics, Plc
Date: June
26, 2026
By:
/s/
Kameel Farag
Kameel Farag
Interim Chief Financial Officer
EX-10.1
EX-10.1
Filename: ex10-1.htm · Sequence: 2
Exhibit
10.1
AMENDMENT
NO. 1 TO SECURITIES PURCHASE AGREEMENT
This
Amendment No. 1 to Securities Purchase Agreement (this “Amendment”) is entered into as of June 23, 2026, by and between Akari
Therapeutics, Plc, a public company with limited liability incorporated under the laws of England and Wales (the “Company”),
and each of the investors identified on the signature pages hereto (each, an “Investor,” and collectively, the “Investors,”
and together with the Company, the “Parties”). Capitalized terms used and not otherwise defined herein shall have the respective
meanings set forth in the Agreement.
RECITALS
WHEREAS,
the Parties previously entered into that certain Securities Purchase Agreement dated as of May 20, 2026 (the “Agreement”),
which contemplated a three-tranche investment structure consisting of an initial closing, a second closing, and a third closing;
WHEREAS,
the initial closing under the Agreement occurred on May 27, 2026, in accordance with the terms of the Agreement;
WHEREAS,
pursuant to the Agreement, the second closing was scheduled to occur on June 15, 2026, and the third closing was scheduled to occur on
July 15, 2026; and
WHEREAS,
the Parties now desire to consolidate the second closing and the third closing into a single combined closing to occur on June 26, 2026,
on the terms and subject to the conditions set forth herein.
NOW,
THEREFORE, in consideration of the mutual covenants and agreements set forth herein, and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:
1.
Consolidated
Closing Date. Notwithstanding anything to the contrary in the Agreement, the Parties hereby agree that the second closing and
the third closing, as contemplated by the Agreement, shall be consolidated and shall occur as a single combined closing (the “Combined
Closing”) on June 26, 2026, or such other date as the Parties may mutually agree in writing (the “Combined Closing Date”).
2.
Aggregate
Investment Amount. The aggregate investment amount to be funded at the Combined Closing shall equal the sum of the investment
amounts that were previously contemplated to be funded at the second closing and the third closing, respectively, as set forth in
the Agreement, without reduction or offset, as set forth on Schedule A hereto with respect to the aggregate investment amount to
be funded, and aggregate Placed Shares, aggregate Placed ADSs to be issued and sold in the Combined Closing, and the aggregate investment
amount to be funded, and aggregate Placed Shares, aggregate Placed ADSs to be issued and sold to each Purchaser.
3.
Terms
and Conditions. Except as expressly modified by this Amendment, all terms and conditions of the Agreement applicable to the second
closing and the third closing shall apply to the Combined Closing, including, without limitation, any conditions precedent, representations
and warranties, and deliverables required in connection with each such closing.
4.
No
Further Modification. Except as expressly set forth in this Amendment, the Agreement shall remain in full force and effect and
is hereby ratified and confirmed in its entirety. In the event of any conflict between this Amendment and the Agreement with respect
to the subject matter hereof, this Amendment shall control.
5.
Counterparts.
This Amendment may be executed in one or more counterparts, each of which shall be deemed an original and all of which together shall
constitute one and the same instrument. Electronic signatures shall be deemed valid and binding to the same extent as original signatures.
6.
Governing
Law. This Amendment shall be governed by and construed in accordance with the laws of the State of New York, without regard to
its conflict of laws principles.
IN
WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed by their respective authorized representatives
as of the date first written above.
AKARI
THERAPEUTICS, PLC
By:
Name:
Abizer
Gaslightwala
Title:
President
and Chief Executive Officer
Date:
DONALD
WOJNOWSKI
By:
Name:
Donald
Wojnowski
Date:
THOMAS
MOLLICK
By:
Name:
Thomas
Mollick
Date:
JOSEPH
NACHTRAB
By:
Name:
Joseph
Nachtrab
Date:
ERIC
BORELL
By:
Name:
Donald
Wojnowski
Date:
MATTHEW
JOSEPH NACHTRAB REVOCABLE TRUST DTD 12/18/2014
By:
Name:
Matthew
Nachtrab
Title:
Trustee
Date:
PAUL
M. ARNOLD AND MARY JO ARNOLD
By:
Name:
Paul
M. Arnold
Date:
SCHEDULE
A
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