Form 8-K
8-K — Turn Therapeutics Inc.
Accession: 0001213900-26-091002
Filed: 2026-08-18
Period: 2026-08-13
CIK: 0002023016
SIC: 2834 (PHARMACEUTICAL PREPARATIONS)
Item: Unregistered Sales of Equity Securities
Documents
8-K — ea0302512-8k_turn.htm (Primary)
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8-K — CURRENT REPORT
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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):
August 13, 2026
TURN THERAPEUTICS INC.
(Exact name of registrant as specified in its charter)
Delaware
001-42875
32-0456090
(State or other jurisdiction of
incorporation)
(Commission File Number)
(IRS Employer
Identification Number)
250 N. Westlake Blvd., Westlake Village, California
91362
(Address of principal executive offices)
(Zip Code)
Registrant’s telephone number, including
area code: (818) 564-4011
N/A
(Former name or former address, if changed since
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:
☐
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
Name of Each Exchange on Which Registered
Common Stock, par value $0.0001 per share
TTRX
The Nasdaq Stock Market LLC
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 3.02 Unregistered Sales of Equity Securities.
As previously disclosed, on
October 8, 2025, Turn Therapeutics Inc. (the “Company”) issued to GEM Yield Bahamas Limited a warrant (the “Warrant”)
to purchase 1,192,207 shares of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), representing
4% of the Company’s fully diluted outstanding shares as of such date. The Warrant has an exercise price of $5.03 per share (the
“Warrant Price”), subject to certain adjustments set forth in the Amended and Restated Share Purchase Agreement, dated August
29, 2025, by and among the Company, GEM Global Yield LLC SCS and GEM Yield Bahamas Limited (collectively, “GEM”), as amended
by that certain side letter dated September 24, 2025.
The Warrant provides that,
if the Per Share Market Value of a share of Common Stock exceeds the Warrant Price, the holder may elect to exercise the Warrant on a
cashless basis and receive a number of shares of Common Stock determined in accordance with the terms of the Warrant (the “Cashless
Exercise Provision”). “Per Share Market Value” is defined in the Warrant as the last closing bid price per share of
Common Stock on the applicable date on the national securities exchange on which the Common Stock is then listed.
On August 13, 2026, GEM exercised
the Warrant in full pursuant to the Cashless Exercise Provision, and the Company issued 579,664 shares of Common Stock to GEM (the “Shares”).
The issuance of the Shares was made in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act of
1933, as amended, based on GEM’s representations that it is an accredited investor as defined in Regulation D.
1
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.
TURN THERAPEUTICS INC.
Date: August 18, 2026
By:
/s/ Bradley Burnam
Name:
Bradley Burnam
Title:
Chief Executive Officer
2
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