As filed with the Securities and Exchange Commission on August 11, 2016June 17, 2022

 

Registration No. 333-

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON,Washington, D.C. 20549

 

FORM S-3

REGISTRATION STATEMENT

UNDER

THE SECURITIES ACT OF 1933

 

RITTER PHARMACEUTICALS, INC.Qualigen Therapeutics, Inc.

(Exact name of registrant as specified in its charter)

 

Delaware 26-3474527

(State or other jurisdiction of

incorporation or organization)

 

(I.R.S. Employer

Identification No.)Number)

 

1880 Century Park East, Suite 10002042 Corte Del Nogal

Los Angeles, CA 90067Carlsbad, California 92011

(310) 203-1000(760) 918-9165

(Address, including zip code, and telephone number, including area

code of registrant’s principal executive offices)

 

Michael D. StepS. Poirier

Chief Executive Officer

Ritter Pharmaceuticals,Qualigen Therapeutics. Inc.

1880 Century Park East, Suite 10002042 Corte Del Nogal

Los Angeles, CA 90067Carlsbad, California 92011

(310) 203-1000(760) 918-9165

(Name, address, including zip code, and telephone number, including area

code, of agent for service)

Copies to:

 

Michael Sanders, Esq.Copies to:

David T. Mittelman, Esq.Wendy Grasso

Reed Smith LLP

1901599 Lexington Avenue of the Stars, Suite 700

Los Angeles, California 90067-6078New York, NY 10022-7650

(310) 734-5200(212) 521-5400

 

Approximate date of commencement of proposed sale to the public: From time to time after the effective date of this registration statement as determined byRegistration Statement

(Approximate date of commencement of proposed sale to the registrant.public)

 

If the only securities being registered on this Form are being offered pursuant to dividend or interest reinvestment plans, please check the following box: [  ]box. ☐

 

If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, other than securities offered only in connection with dividend or interest reinvestment plans, check the following box: [X]box. ☒

 

If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. [  ]

If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. [  ]

 

If this Form is a registration statement pursuant to General Instruction I.D. or a post-effective amendment thereto that shall become effective upon filing with the Commission pursuant to Rule 462(e) under the Securities Act, check the following box. [  ]

 

If this Form is a post-effective amendment to a registration statement filed pursuant to General Instruction I.D. filed to register additional securities or additional classes of securities pursuant to Rule 413(b) under the Securities Act, check the following box. [  ]

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer”filer,” “smaller reporting company,” and “smaller reporting“emerging growth company” in Rule 12b-2 of the Exchange Act. (Check one):

 

Large accelerated filer [  ]Accelerated filer [  ]
Non-accelerated filer [  ]Smaller reporting company [X]
(Do not check if a smaller reporting company)

   
Non-accelerated filerSmaller reporting company
   
Emerging growth company

 

CALCULATION OF REGISTRATION FEE

Title of Each Class of

Securities to be Registered

 Amount to be
Registered(1)
  Proposed
Maximum
Offering Price
per Unit(2)
  Proposed
Maximum
Aggregate
Offering
Price(2)
  Amount of
Registration
Fee(3)
 
Common Stock, $0.001 par value            
Preferred Stock, $0.001 per value            
Debt Securities            
Warrants            
Rights            
Purchase Contracts            
Units            
Total         $150,000,000  $15,105 

(1) There are being registered hereunder such indeterminate number of shares of common stock, such indeterminate number of shares of preferred stock, such indeterminate principal amount of debt securities, such indeterminate number of warrants, rights and purchase contracts to purchase common stock or debt securities, and such indeterminate number of units, as shall haveIf an aggregate initial offering priceemerging growth company, indicate by check mark if the registrant has elected not to exceed $150,000,000. Ifuse the extended transition period for complying with any debt securities are issued at an original issue discount, then the offering price of such debt securities shall be in such greater principal amount as shall result in an aggregate initial offering price notnew or revised financial accounting standards provided pursuant to exceed $150,000,000, less the aggregate dollar amount of all securities previously issued hereunder. Any securities registered hereunder may be sold separately or as units with other securities registered hereunder. The proposed maximum initial offering price per unit will be determined, from time to time, by the registrant in connection with the issuance by the registrantSection 7(a)(2)(B) of the securities registered hereunder. The securities registered also include such indeterminate number of shares of common stock and preferred stock as may be issued upon conversion or exchange of convertible or exchangeable securities being registered hereunder or pursuant to the anti-dilution provisions of any such securities. In addition, pursuant to Rule 416 under the Securities Act of 1933, as amended, the shares being registered hereunder include such indeterminate number of shares of common stock as may be issuable with respect to the shares being registered hereunder as a result of stock splits, stock dividends or similar transactions.

(2) The proposed maximum aggregate offering price per class of security will be determined from time to time by the registrant in connection with the issuance by the registrant of the securities registered hereunder and is not specified as to each class of security pursuant to General Instruction II.D. of Form S-3 under the Securities Act of 1933, as amended.

(3) Calculated pursuant to Rule 457(o) under the Securities Act of 1933, as amended, based on the proposed maximum aggregate offering price.Act. ☐

 

The Registrantregistrant hereby amends this Registration Statementregistration statement on such date or dates as may be necessary to delay its effective date until the Registrantregistrant shall file a further amendment whichthat specifically states that this Registration Statementregistration statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933, as amended, or until the Registration Statementregistration statement shall become effective on such date as the Securities and Exchange Commission, acting pursuant to said Section 8(a), may determine.

 

 

 

 
 

 

THE INFORMATION IN THIS PROSPECTUS IS NOT COMPLETE AND MAY BE CHANGED. WE MAY NOT SELL THESE SECURITIES UNTIL THE REGISTRATION STATEMENT FILED WITH THE SECURITIES AND EXCHANGE COMMISSION IS EFFECTIVE. THIS PROSPECTUS IS NOT AN OFFER TO SELL THESE SECURITIES AND IS NOT SOLICITING AN OFFER TO BUY THESE SECURITIES IN ANY STATE WHERE THE OFFER OR SALE IS NOT PERMITTED.The information in this preliminary prospectus is not complete and may be changed. We may not sell these securities or accept an offer to buy these securities until the registration statement filed with the Securities and Exchange Commission is effective. This prospectus is not an offer to sell these securities and it is not soliciting offers to buy these securities in any state where such offer or sale is not permitted.

 

SUBJECT TO COMPLETION, DATED AUGUST 11, 2016JUNE 17, 2022

 

PRELIMINARY PROSPECTUS

 

 8,161,312 Shares

 

RITTER PHARMACEUTICALS, INC.

 

$150,000,000Common Stock

 

COMMON STOCK

PREFERRED STOCK

DEBT SECURITIES

WARRANTS

RIGHTS

PURCHASE CONTRACTS

UNITS

 

This prospectus will allow usrelates to issue,the proposed resale from time to time at pricesof up to 8,161,312 shares of our common stock, par value $0.001 per share (the “Resale Shares”), consisting of 3,500,000 shares of common stock (the “Consideration Shares”) and on terms4,661,312 shares (the “Warrant Shares”) that are issuable upon the exercise of certain warrants to be determined atpurchase shares of common stock (the “Warrants”) held by the selling stockholders named herein, together with any additional selling stockholders listed in a prospectus supplement (together with any of such stockholders’ transferees, pledgees, donees or prior tosuccessors).

We are registering the timeoffer and sale of the offering, upResale Shares from time to $150,000,000 of any combinationtime by the selling stockholders to satisfy the registration rights they were granted in connection with the issuance of the securitiesConsideration Shares and the Warrants. We will not receive any proceeds from the sale of the Resale Shares by the selling stockholders.

The selling stockholders may offer and sell or otherwise dispose of the Resale Shares described in this prospectus either individually or in units. We may also offer common stock or preferred stock upon conversion of or exchange for the debt securities; common stock or preferred stock or debt securities upon the exercise of warrants, rights or performance of purchase contracts; or any combination of these securities upon the performance of purchase contracts.

This prospectus describes the general terms of these securities and the general manner in which these securities will be offered. We will provide you with the specific terms of any offering in one or more supplements to this prospectus. The prospectus supplements will also describe the specific manner in which these securities will be offered and may also supplement, update or amend information contained in this document. You should read this prospectus and any prospectus supplement, as well as any documents incorporated by reference into this prospectus or any prospectus supplement, carefully before you invest.

Our securities may be sold directly by us to you, through agents designated from time to time through public or private transactions at prevailing market prices, at prices related to prevailing market prices or through underwriters or dealers. For additional information on the methods of sale, you should referat privately negotiated prices. The selling stockholders will bear all underwriting fees, commissions and discounts, if any, attributable to the section entitledsales of Resale Shares and any transfer taxes. We will bear all other costs, expenses and fees in connection with the registration of the Resale Shares. See “Plan of Distribution” in this prospectus and infor more information on how the applicable prospectus supplement. If any underwritersselling stockholders may sell or agents are involved in the saledispose of our securities with respect to which this prospectus is being delivered, the names of such underwriters or agents and any applicable fees, commissions or discounts and over-allotment options will be set forth in a prospectus supplement. The price to the public of such securities and the net proceeds that we expect to receive from such sale will also be set forth in a prospectus supplement.their Resale Shares.

 

Our common stock is listed on the NASDAQThe Nasdaq Capital Market under the trading symbol “RTTR.“QLGN.” On August 5, 2016,June 16, 2022, the last reported saleclosing price of our common stock on the NASDAQ Capital Market was $1.31$0.58 per share.

As of August 5, 2016, the aggregate market value of our outstanding common stock held by non-affiliates was approximately $6.9 million, based on 8,584,661 shares of outstanding common stock, of which 5,267,606 shares were held by non-affiliates, and a per share price of $1.31 based on the closing sale price of our common stock as of August 5, 2016. Pursuant to General Instruction I.B.6 of Form S-3, in no event will we sell securities pursuant to this prospectus with a value of more than one-third of the aggregate market value of our common stock held by non-affiliates in any twelve-month period, so long as the aggregate market value of our common stock held by non-affiliates is less than $75,000,000. In the event that subsequent to the date of this prospectus, the aggregate market value of our outstanding common stock held by non-affiliates equals or exceeds $75,000,000, then the one-third limitation on sales shall not apply to additional sales made pursuant to this prospectus. We have not offered any securities pursuant to General Instruction I.B.6 of Form S-3 during the twelve calendar months prior to and including the date of this prospectus.

 

Investing in shares of our securitiescommon stock involves a high degree of risk. Before deciding whether to invest in our securities, youYou should considerreview carefully the risks that we haveand uncertainties described in the section titled “Risk Factors” on page 24 of this prospectus and any similar section contained in the applicable prospectus supplement and in any free writing prospectuses we have authorized for use in connection with a specific offering, and under similar headings in the caption “Risk Factors.” We may include specific risk factors in supplements todocuments that are incorporated by reference into this prospectus under the caption “Risk Factors.” This prospectus may not be used to sell our securities unless accompanied by a prospectus supplement.prospectus.

 

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.

 

The date of this prospectus is             August 11, 2016, 2022.

 

 
 

 

TABLE OF CONTENTS

 

 Page
ABOUT THIS PROSPECTUSi
PROSPECTUS SUMMARY1
RISK FACTORS2
CAUTIONARYSPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS31
THE COMPANY2
RATIO OF EARNINGS TO FIXED CHARGESRISK FACTORS4
USE OF PROCEEDS5
DESCRIPTION OF SECURITIES6
SELLING STOCKHOLDERS8
PLAN OF DISTRIBUTION69
DESCRIPTION OF CAPITAL STOCKLEGAL MATTERS8
DESCRIPTION OF DEBT SECURITIES11
EXPERTS11
DESCRIPTION OF WARRANTS13
DESCRIPTION OF RIGHTS14
DESCRIPTION OF PURCHASE CONTRACTS15
DESCRIPTION OF UNITS16
LEGAL MATTERS17
EXPERTS17
WHERE YOU CAN FIND MOREADDITIONAL INFORMATION1711
INCORPORATION OF CERTAIN INFORMATION BY REFERENCE1811

 

ABOUT THIS PROSPECTUS

 

This prospectus is part of a registration statement on Form S-3 that we filed with the Securities and Exchange Commission or SEC, utilizing a “shelf” registration process. Under(the “SEC”). The selling stockholders referred to in this shelf registration process, weprospectus may offerfrom time to time sell the shares of our common stock preferred stock, various series of debt securities and/or warrants, rights or purchase contracts to purchase any of such securities, either individually ordescribed in units,this prospectus in one or more offerings with a total valueor otherwise as described under “Plan of up to $150,000,000. This prospectus provides you with a general description of the securities we may offer. Each time we offer a type or series of securities under this prospectus, we will provide a prospectus supplement that will contain specific information about the terms of that offering.Distribution.”

 

This prospectus does not contain all ofNeither we nor the selling stockholders have authorized anyone to provide any information included in the registration statement. For a more complete understanding of the offering of the securities, you should refer to the registration statement, including its exhibits. The prospectus supplement may also add, update or change informationother than that contained or incorporated by reference in this prospectus. However, no prospectus supplement will offer a security that is not registered and described in this prospectus at the time of its effectiveness. This prospectus, together with the applicable prospectus supplements and the documents incorporated by reference into this prospectus, includes all material information relating to the offering of securities under this prospectus. You should carefully read this prospectus, the applicable prospectus supplement, the information and documents incorporated herein by reference and the additional information under the heading “Where You Can Find More Information” before making an investment decision.

You should rely only on the information we have provided or incorporated by reference in this prospectus or in any related prospectus supplement.supplement or any free writing prospectus that we have authorized. We havetake no responsibility for, and can provide no assurance as to the reliability of, any other information that others may give you. The shares are not authorized anyone to provide you withbeing offered in any jurisdiction where the offer is not permitted. You should not assume that the information different from that contained in or incorporated by reference in this prospectus. No dealer, salesperson or other person is authorized to give any information or to represent anything not contained or incorporated by reference in this prospectus. You must not rely on any unauthorized information or representation. This prospectus is an offer to sell only the securities offered hereby, but only under circumstances and in jurisdictions where it is lawful to do so. You should assume that the information in this prospectus or any prospectus supplement is accurate only as of any date other than the date on the frontrespective dates of the documentsuch document. Our business, financial condition, results of operations and that any information weprospects may have incorporated herein by reference is accurate only as of the date of the document incorporated by reference, regardless of the time of delivery of this prospectus or any sale of a security.changed since those dates.

 

We further note that the representations, warranties and covenants made by us in any agreement that is filed as an exhibit to any document that is incorporated by reference in the accompanying prospectus were made solely for the benefit of the parties to such agreement, including, in some cases, for the purpose of allocating risk among the parties to such agreements, and should not be deemed to be a representation, warranty or covenant to you. Moreover, such representations, warranties or covenants were accurate only as of the date when made. Accordingly, such representations, warranties and covenants should not be relied on as accurately representing the current state of our affairs.

This prospectus may not be used to consummate sales of our securities, unless it is accompanied by a prospectus supplement. To the extent there are inconsistencies between any prospectus supplement,Throughout this prospectus, and any documents incorporated by reference, the document with the most recent date will control.

We were formed as a Nevada limited liability company on March 29, 2004 under the name Ritter Natural Sciences, LLC. On September 16, 2008, we converted into a Delaware corporation under the name Ritter Pharmaceuticals, Inc. Unless the context otherwise requires, “Ritter,” “the Company,”terms “we,” “us,” “our”“our,” and similar termsour “company” refer to Ritter Pharmaceuticals,Tempest Therapeutics, Inc. and its subsidiaries.

 

i
 

 

PROSPECTUS SUMMARY

The following is a summary of what we believe to be the most important aspects of our business and the offering of our securities under this prospectus. We urge you to read this entire prospectus, including the more detailed consolidated financial statements, notes to the consolidated financial statements and other information incorporated by reference from our other filings with the SEC or included in any applicable prospectus supplement. Investing in our securities involves risks. Therefore, carefully consider the risk factors set forth in any prospectus supplements and in our most recent annual and quarterly filings with the SEC, as well as other information in this prospectus and any prospectus supplements and the documents incorporated by reference herein or therein, before purchasing our securities. Each of the risk factors could adversely affect our business, operating results and financial condition, as well as adversely affect the value of an investment in our securities.

The Company

Ritter Pharmaceuticals, Inc. develops novel therapeutic products that modulate the human gut microbiome to treat gastrointestinal diseases. We are advancing human gut health research by exploring the metabolic capacity of the gut microbiota and translating the functionality of prebiotic-based therapeutics into applications intended to have a meaningful impact on a patient’s health. “Prebiotics” is a general term used to refer to chemicals that induce the growth and/or activity of commensal microorganisms that contribute to the well-being of their host.

Our first novel microbiome modulator, RP-G28, an orally administered, high purity galacto-oligosaccharide (a carbohydrate found naturally, at least in small amounts, in plants, consisting of three to ten simple sugars linked together), is currently under development for the reduction of symptoms associated with lactose intolerance. RP-G28, is designed to stimulate the growth of lactose-metabolizing bacteria in the colon, thereby effectively adapting the gut microbiome to assist in digesting the lactose that reaches the large intestine. RP-G28 has the potential to become the first drug approved by the U.S. Food and Drug Administration, or FDA, for the reduction of symptoms associated with lactose intolerance. RP-G28 has been studied in a Phase 2a clinical trial and is a first-in-class compound.

Corporate Information

We were formed as a Nevada limited liability company on March 29, 2004 under the name Ritter Natural Sciences, LLC. On September 16, 2008, we converted into a Delaware corporation under the name Ritter Pharmaceuticals, Inc. Our principal executive offices are located at 1880 Century Park East, #1000, Los Angeles, CA 90067, and our telephone number is (310) 203-1000. Our website address iswww.ritterpharmaceuticals.com. The information contained on, or that can be accessed through, our website is not part of this prospectus.

Offerings Under This Prospectus

Under this prospectus, we may offer shares of our common stock, preferred stock, various series of debt securities and/or warrants, rights or purchase contracts to purchase any of such securities, either individually or in units, with a total value of up to $150,000,000, from time to time at prices and on terms to be determined by market conditions at the time of the offering. This prospectus provides you with a general description of the securities we may offer. Each time we offer a type or series of securities under this prospectus, we will provide a prospectus supplement that will describe the specific amounts, prices and other important terms of the securities.

The prospectus supplement also may add, update or change information contained in this prospectus or in documents we have incorporated by reference into this prospectus. However, no prospectus supplement will fundamentally change the terms that are set forth in this prospectus or offer a security that is not registered and described in this prospectus at the time of its effectiveness.

We may sell the securities directly to investors or to or through agents, underwriters or dealers. We, and our agents or underwriters, reserve the right to accept or reject all or part of any proposed purchase of securities. If we offer securities through agents or underwriters, we will include in the applicable prospectus supplement:

the names of those agents or underwriters;
applicable fees, discounts and commissions to be paid to them;
details regarding over-allotment options, if any; and
the net proceeds to us.

1

RISK FACTORS

Please carefully consider the risk factors described in our periodic reports filed with the SEC, which are incorporated by reference in this prospectus. Before making an investment decision, you should carefully consider these risks as well as other information we include or incorporate by reference in this prospectus or include in any applicable prospectus supplement. Additional risks and uncertainties not presently known to us or that we deem currently immaterial may also impair our business operations or adversely affect our results of operations or financial condition.

2

CAUTIONARYSPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

 

Some of the statements in thisThis prospectus and in any prospectus supplementthe documents we may file constitutehave filed with the SEC that are incorporated by reference contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). These statements relate to future events concerning our business andor to our future revenues, operating or financial performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, and financial condition. performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. Forward-looking statements may include, but are not limited to, statements about:

our ability to successfully develop any drugs or therapeutic devices;
our ability to progress our drug candidates or therapeutic devices through preclinical and clinical development;
our ability to obtain the requisite regulatory approvals for our clinical trials and to begin and complete such trials according to any projected timeline;
our ability to complete enrollment in our clinical trials as contemplated by any projected timeline;
the likelihood that future clinical trial data will be favorable or that such trials will confirm any improvements over other products or lack negative impacts;
our ability to successfully commercialize any drugs or therapeutic devices;
our ability to procure or earn sufficient working capital to complete the development, testing and launch of our prospective therapeutic products;
the likelihood that patents will issue on our owned and in-licensed patent applications;
our ability to protect our intellectual property;
our ability to compete;
our ability to maintain or expand market demand and/or market share for our diagnostic products generally, particularly in light of COVID-19-related deferral of patients’ physician-office visits and in view of FastPack reimbursement pricing challenges; and
our ability to maintain our diagnostic sales and marketing engine without interruption following the expiration of our distribution agreement with Sekisui.

In some cases, you can identify forward-looking statements by terminologyterms such as “anticipates,” “believes,” “could,” “estimates,” “intends,” “may,” “plans,” “potential,” “will,” “could,” “would,” “should,” “expect,” “plan,” “anticipate,” “intend,” “believe,” “estimate,” “forecast,” “predict,” “propose,” “potential” or “continue,�� or the negative of thosethese terms or other comparable terminology.similar expressions. These statements reflect our current views with respect to future events and are based on assumptions and are subject to risks and uncertainties. Given these uncertainties, you should not place undue reliance on these forward-looking statements as predictions of future events. We discuss in greater detail many of these risks in our most recent Annual Report on Form 10-K and in our most recent Quarterly Report on Form 10-Q, as well as any amendments thereto reflected in subsequent filings with the SEC, which are incorporated by reference into this prospectus in their entirety. Also, these forward-looking statements represent our estimates and assumptions only as of the date of the document containing the applicable statement. Unless required by law, we undertake no obligation to update or revise any forward-looking statements to reflect new information or future events or developments.

 

Any forward lookingIn addition, statements that “we believe” and similar statements reflect our beliefs and opinions on the relevant subject. These statements are based upon information available to us as of the date of this prospectus, and while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain and investors are cautioned not to unduly rely upon these statements.

You should read this prospectus, together with the documents we have filed with the SEC that are incorporated by reference, any prospectus supplement and any free writing prospectus that we may authorize completely and with the understanding that our actual future results may be materially different from what we expect. We qualify all of the forward-looking statements in the foregoing documents by these cautionary statements.

THE COMPANY

Overview

We are a diversified life sciences company focused on developing treatments for adult and pediatric cancers with potential for Orphan Drug designation, while also commercializing diagnostics. Our cancer therapeutics pipeline includes QN-302, QN-247 and RAS-F. Our investigational QN-302 compound is a small molecule G4 selective transcription inhibitor with strong binding affinity to G4s prevalent in cancer cells. Such binding could, by stabilizing the G4s against “unwinding,” help inhibit cancer cell proliferation. QN-247 is a DNA coated gold nanoparticle cancer drug candidate that has the potential to target various types of cancer; the nanoparticle conjugate technology is similar to the core nanoparticle coating technology used in our blood-testing diagnostic products. The foundational aptamer of QN-247 is QN-165 (formerly referred to as AS1411), which the Company has deprioritized as a drug candidate for treating COVID-19 and other viral-based infectious diseases. RAS-F is a family of RAS oncogene protein-protein interaction inhibitor small molecules for preventing mutated RAS genes’ proteins from binding to their effector proteins; preventing this binding could stop tumor growth, especially in RAS-driven tumors such as pancreatic, colorectal and lung cancers. We are also identifying strategic partnering opportunities for STARS, a DNA/RNA-based therapeutic device product concept for removing precisely targeted tumor-produced and viral compounds from circulating blood.

Our FastPack System diagnostic instruments and test kits are sold commercially primarily in the United States, as well as certain European countries. The FastPack System menu includes a rapid, highly accurate immunoassay diagnostic testing system for cancer, men’s health, hormone function, and vitamin D status. We provide analyzers to our customers (physician offices, clinics and small hospitals) at low cost in order to increase sales volumes of higher-margin test kits. Prior to March 31, 2022, most of our FastPack product sales were through our partner Sekisui Diagnostics, LLC (“Sekisui”) pursuant to a distribution agreement, but we maintained direct distribution for certain house accounts, including selling our total testosterone test kits to Low T Center, Inc., the largest men’s health group in the United States, with 40 locations. The distribution agreement with Sekisui expired on March 31, 2022, at which time the services provided by Sekisui reverted to us and as of April 1, 2022 we recognize 100% of the revenue from the sales of our FastPack diagnostic instruments and test kits. We have licensed and technology-transferred our FastPack System technology to Yi Xin Zhen Duan Jishu (Suzhou) Ltd. for the China diagnostics market and other markets outside of the United States in which the Company does not currently sell.

Transaction with NanoSynex Ltd.

On May 26, 2022, we acquired an approximate 53% interest in the voting securities of NanoSynex Ltd. (“NanoSynex”), an Israeli-based developer of next generation diagnostics technology.

NanoSynex’s technology is an Antimicrobial Susceptibility Testing (AST) platform that aims to provide clinical laboratories worldwide with a rapid, accurate and personalized test for bacterial infections, with the goal of quickly matching the correct antibiotics to treat a patient’s particular infection. Antibiotic misuse and overuse have given rise to antibiotic resistant bacteria, commonly known as superbugs, which the World Health Organization has called one of the top ten global public health threats facing humanity. NanoSynex’s AST platform aims to enable better targeting of antibiotics for their most suitable uses to ultimately result in faster and more efficacious treatment, hence reducing hospitals mortality and morbidity rates.

Consideration Shares and Pre-Funded Warrants Issued to Alpha Capital Anstalt

As part of the transaction with NanoSynex, we entered into a Share Purchase Agreement, dated April 29, 2022 (the “Series A-1 Purchase Agreement”) with Alpha Capital Anstalt (“Alpha”), pursuant to which we acquired 2,232,861 Series A-1 preferred shares, nominal value NIS 0.01 each of NanoSynex from Alpha in exchange for 3,500,000 shares of our common stock (the “Consideration Shares”) and pre-funded warrants to purchase 3,314,641 shares of our common stock (the “Alpha Warrants”), at an exercise price of $0.001 per share, subject to limitations on beneficial ownership set forth therein. The Alpha Warrants may also be exercised on a cashless basis pursuant to their terms. Pursuant to the terms of the Series-A-1 Purchase Agreement, we agreed to file the registration statement, of which this prospectus forms a part, to register the resale by Alpha of the Consideration Shares and the shares of common stock issuable to Alpha upon the exercise of the Alpha Warrants (the “Alpha Warrant Shares”).

We also agreed to register the resale by Alpha of 70,477 shares of common stock (the “Alpha Pre-Merger Warrant Shares”) issuable upon the exercise of certain other warrants held by Alpha (the “Alpha Pre-Merger Warrants”).

Warrants Issued to GreenBlock, LLC and Christopher Nelson

In connection with the transaction with NanoSynex, we engaged GreenBlock Capital, LLC (“GreenBlock”) to act as a consultant. On December 3, 2021, we issued a common stock warrant to GreenBlock, entitling GreenBlock to purchase up to 600,000 shares of our common stock at an exercise price of $1.32 per share, subject to adjustment and beneficial ownership limitations set forth therein (the “GreenBlock Warrants”). The GreenBlock Warrants may also be exercised on a cashless basis if at the time of exercise there is no effective registration statement registering the shares of common stock issuable upon the exercise of the GreenBlock Warrants (the “GreenBlock Warrant Shares”), or the prospectus contained in such registration statement is not available for the issuance of the GreenBlock Warrant Shares. The GreenBlock Warrants were fully earned upon issuance prior to the Company entering into definitive agreements with NanoSynex, and were not contingent on the closing of the NanoSynex transaction. On April 25, 2022, we amended the terms of GreenBlock Warrants (300,000 of which had been transferred to Mr. Nelson, an employee of GreenBlock), to reduce the exercise price of such warrants to $0.60 per share and extend the expiration date to September 14, 2023. Pursuant to the terms of the GreenBlock Warrants, we agreed to register the resale by GreenBlock and Mr. Nelson of the GreenBlock Warrant Shares issuable to GreenBlock and Mr. Nelson upon exercise of such warrants. Mr. Nelson has no voting control or other beneficial interest in any warrants or other securities held by GreenBlock, and GreenBlock has no voting control or other beneficial interest in any warrants or other securities held by Mr. Nelson.

We also agreed to register the resale by GreenBlock of 459,812 shares of common stock (the “GreenBlock Pre-Merger Warrant Shares”) and by Mr. Nelson of 216,382 shares of common stock (the “Nelson Pre-Merger Warrant Shares”) issuable upon the exercise of certain other warrants held by GreenBlock (the “GreenBlock Pre-Merger Warrants”) and Mr. Nelson (the “Nelson Pre-Merger Warrants”), respectively.

The Alpha Warrants, the Alpha Pre-Merger Warrants, the GreenBlock Warrants, the GreenBlock Pre-Merger Warrants, and the Nelson Pre-Merger Warrants are referred to herein collectively as the “Warrants,” and the Alpha Warrant Shares, the Alpha Pre-Merger Warrant Shares, the GreenBlock Warrant Shares, the GreenBlock Pre-Merger Warrant Shares and the Nelson Pre-Merger Warrant Shares are referred to herein collectively as the “Warrant Shares.”

Corporate Background

Ritter Pharmaceuticals, Inc. (our predecessor) was formed as a Nevada limited liability company on March 29, 2004 under the name Ritter Natural Sciences, LLC. In September 2008, this company converted into a Delaware corporation under the name Ritter Pharmaceuticals, Inc. On May 22, 2020, upon completing a “reverse recapitalization” transaction with Qualigen, Inc., Ritter Pharmaceuticals, Inc. was renamed Qualigen Therapeutics, Inc. Qualisys Diagnostics, Inc. was formed as a Minnesota corporation in 1996, reincorporated to become a Delaware corporation in 1999, and then changed its name to Qualigen, Inc. in 2000. Qualigen, Inc. is now a wholly-owned subsidiary of the Company.

Our principal executive offices are located at 2042 Corte Del Nogal, Carlsbad, CA 92011. Our telephone number is (760) 918-9165.

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RISK FACTORS

Investing in our securities involves a high degree of risk. You should carefully consider the risks described in the documents incorporated by reference in this prospectus orand any prospectus supplement, are only estimatesas well as other information we include or predictions of future events based on information currently available to our managementincorporate by reference into this prospectus and management’s current beliefs about the potential outcome of future events. Whether these future events will occur as management anticipates, whether we will achieve ourany applicable prospectus supplement, before making an investment decision. Our business, objectives, and whether our revenues, operating results or financial condition will improve in future periods are subjector results of operations could be materially adversely affected by the materialization of any of these risks. The trading price of our securities could decline due to numerous risks. There are a numberthe materialization of important factorsany of these risks, and you may lose all or part of your investment. This prospectus and the documents incorporated herein by reference also contain forward-looking statements that could cause actualinvolve risks and uncertainties. Actual results tocould differ materially from the resultsthose anticipated byin these forward-looking statements. These importantstatements as a result of certain factors, include those that we discuss underincluding the heading “Risk Factors” andrisks described in other sections ofthe documents incorporated herein by reference, including (i) our Annual Report on Form 10-K for the fiscal year ended December 31, 2015,2021, filed with the SEC on March 31, 2022, as amended on April 29, 2022, and incorporated herein by reference, and (ii) our Quarterly Reportsmost recent quarterly report on Form 10-Q for the quarterly periodsfiscal quarter ended March 31, 2016 and June 30, 2016, all2022 filed with the SEC as well as inon May 13, 2022 and incorporated herein by reference, our Current Reports filedcurrent reports on Form 8-K and other documents we file with the SEC from time to time with the SEC, that are deemed incorporated by reference into this prospectus. You should read these factors and the other cautionary statements made in this prospectus and in the documents we incorporate by reference into this prospectus as being applicable to all related forward-looking statements wherever they appear in this prospectus or the documents we incorporate by reference into this prospectus. If one or more of these factors materialize, or if any underlying assumptions prove incorrect, our actual results, performance or achievements may vary materially from any future results, performance or achievements expressed or implied by these forward-looking statements. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

 

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RATIO OF EARNINGS TO FIXED CHARGES

Any time debt securities are offered pursuant to this prospectus, we will provide a table setting forth our ratio of earnings to fixed charges on a historical basis in the applicable prospectus supplement, if required.

   Year Ended December 31,   Six Months Ended
June 30, 2016
 
   2012   2013   2014   2015     
Ratio of earnings to fixed charges  *   *   *   *    * 

(*) We did not record earnings for any of the years ended December 31, 2012, 2013, 2014 or 2015 or the six months ended June 30, 2016. Accordingly, our earnings were insufficient to cover fixed charges for such periods and we are unable to disclose a ratio of earnings to fixed charges for such periods. The dollar amount of the deficiency in earnings available for fixed charges for the years ended December 31, 2012, 2013, 2014 and 2015 and the six months ended June 30, 2016 was $3,425,840, $2,095,831, $2,473,465, $8,787,771 and $7,267,922, respectively.

 4

 

USE OF PROCEEDS

 

We cannot assure you that we will not receive any proceeds in connection with securities which may be offered pursuant to this prospectus. Unless otherwise indicated inof the applicable prospectus supplement, we intend to use any net proceeds from the sale of securities undershares of our common stock in this prospectus for our operations and for other general corporate purposes, including, but not limited to, our internal research and development programs and the development of new programs, general working capital and possible future acquisitions. We have not determined the amounts we plan to spend on anyoffering. The selling stockholders will receive all of the areas listed above orproceeds from the timingsale of these expenditures. As a result, our management will have broad discretion to allocate the net proceeds, if any, we receive in connection with securities offered pursuant to this prospectus for any purpose. Pending applicationshares of the net proceeds as described above, we may initially invest the net proceeds in short-term, investment-grade, interest-bearing securities or apply them to the reduction of short-term indebtedness.

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PLAN OF DISTRIBUTION

General Plan of Distributioncommon stock hereunder.

 

We may, offer securities under this prospectus from timehowever, receive cash proceeds equal to time pursuant to underwritten public offerings, negotiated transactions, block trades or a combination of these methods. We may sell the securities (1) through underwriters or dealers, (2) through agents or (3) directly to one or more purchasers, or through a combination of such methods. We may distribute the securities from time to time in one or more transactions at:

a fixedexercise price or prices, which may be changed from time to time;
market prices prevailing at the time of sale;
prices related to the prevailing market prices; or
negotiated prices.

We may directly solicit offers to purchase the securities being offered by this prospectus. We may also designate agents to solicit offers to purchase the securities from time to time. We will name in a prospectus supplement any underwriter or agent involved in the offer or sale of the securities.

Warrants that a selling stockholder may exercise, to the extent any such Warrants are exercised for cash. The Warrants may be exercised for cash or by means of cashless exercise. If we utilize a dealer in the saleall of the securities being offered by this prospectus,Warrants are exercised for cash, then we will sell the securities to the dealer, as principal. The dealer may then resell the securities to the public at varying prices to be determined by the dealer at the timereceive gross proceeds of resale.

If we utilize an underwriter in the sale of the securities being offered by this prospectus, we will execute an underwriting agreement with the underwriter at the time of sale, and we will provide the name of any underwriter in the prospectus supplement which the underwriter will use to make re-sales of the securities to the public. In connection with the sale of the securities, we, or the purchasers of the securities for whom the underwriter may act as agent, may compensate the underwriter in the form of underwriting discounts or commissions. The underwriter may sell the securities to or through dealers, and the underwriter may compensate those dealers in the form of discounts, concessions or commissions.

With respect to underwritten public offerings, negotiated transactions and block trades, we will provide in the applicable prospectus supplement information regarding any compensation we pay to underwriters, dealers or agents in connection with the offering of the securities, and any discounts, concessions or commissions allowed by underwriters to participating dealers. Underwriters, dealers and agents participating in the distribution of the securities may be deemed to be underwriters within the meaning of the Securities Act of 1933, as amended, or the Securities Act, and any discounts and commissions received by them and any profit realized by them on resale of the securities may be deemed to be underwriting discounts and commissions. We may enter into agreements to indemnify underwriters, dealers and agents against civil liabilities, including liabilities under the Securities Act, or to contribute to payments they may be required to make in respect thereof.

If so indicated in the applicable prospectus supplement, we will authorize underwriters or other persons acting as our agents to solicit offers by certain institutions to purchase securities from us pursuant to delayed delivery contracts providing for payment and delivery on the date stated in the prospectus supplement. Each contract will be for an amount not less than, and the aggregate amount of securities sold pursuant to such contracts shall not be less nor more than, the respective amounts stated in the prospectus supplement. Institutions with whom the contracts, when authorized, may be made include commercial and savings banks, insurance companies, pension funds, investment companies, educational and charitable institutions and other institutions, but shall in all cases be subject to our approval. Delayed delivery contracts will not beapproximately $750,000, subject to any conditions except that:

the purchase by an institution of the securities covered under that contract shall not at the time of delivery be prohibited under the laws of the jurisdiction to which that institution is subject; and
if the securities are also being sold to underwriters acting as principals for their own account, the underwriters shall have purchased such securities not sold for delayed delivery. The underwriters and other persons acting as our agents will not have any responsibility in respect of the validity or performance of delayed delivery contracts.

6

Shares of our common stock sold pursuantadjustments. We expect to use any proceeds received by us from the registration statement of which this prospectus is a part will be authorized for quotation and trading on the NASDAQ Capital Market. The applicable prospectus supplement will contain information, where applicable, as to any other listing, if any, on the NASDAQ Capital Market or any securities market or other securities exchange of the securities covered by the prospectus supplement. We can make no assurance as to the liquidity of or the existence of trading markets for any of the securities.

In order to facilitate the offering of the securities, certain persons participating in the offering may engage in transactions that stabilize, maintain or otherwise affect the price of the securities. This may include over-allotments or short sales of the securities, which involve the sale by persons participating in the offering of more securities than we sold to them. In these circumstances, these persons would cover such over-allotments or short positions by making purchases in the open market or by exercising their over-allotment option. In addition, these persons may stabilize or maintain the price of the securities by bidding for or purchasing the applicable security in the open market or by imposing penalty bids, whereby selling concessions allowed to dealers participating in the offering may be reclaimed if the securities sold by them are repurchased in connection with stabilization transactions. The effectcash exercise of these transactions may be to stabilize or maintain the market price of the securities at a level above that which might otherwise prevail in the open market. These transactions may be discontinued at any time.

In compliance with the guidelines of the Financial Industry Regulatory Authority, Inc., or FINRA, the maximum consideration or discount to be received by any FINRA member or independent broker dealer may not exceed 8% of the aggregate amount of the securities offered pursuant to this prospectus and any applicable prospectus supplement.

The underwriters, dealers and agents may engage in other transactions with us, or perform other servicesWarrants for us, in the ordinary course of their business.

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general corporate purposes.

DESCRIPTION OF CAPITAL STOCKSECURITIES

General

Our authorized capital stock consists of 30,000,000 shares, all with a par value of $0.001 per share, 25,000,000 of which are designated as common stock and 5,000,000 of which are designated as preferred stock.

The following summary description of our capitalcommon stock and certainis based on the provisions of our amended and restated certificate of incorporation and amended and restated bylaws are summaries and arethe applicable provisions of the Delaware General Corporation Law. This information is qualified entirely by reference to the applicable provisions of our amended and restated certificate of incorporation and bylaws. For information on how to obtain copies of our amended and restated bylaws.certificate of incorporation and bylaws, which are exhibits to the registration statement of which this prospectus is a part, see the sections titled “Where You Can Find Additional Information” and “Incorporation of Certain Information by Reference” in this prospectus.

 

All share numbers have been adjusted to reflect the 1-for-7.15 reverseGeneral

Our authorized capital stock splitconsists of our common stock. Preferred share issuances referred to below are as of their date of issuance. The preferred stock described below converted into225,000,000 shares of our common stock, on a 7.15-for-1 basis prior to the closing$0.001 par value per share, and 15,000,000 shares of our initial public offering.

preferred stock, $0.001 par value per share, including 7,000 shares that have been designated as Series Alpha Preferred Stock. As of August 5, 2016, we had 8,584,661June 15, 2022, there were 38,795,541 shares of our common stock outstanding and zero shares of preferred stock outstanding. As of August 5, 2016, we also had outstanding options to acquire 2,193,877no shares of our common stock, having a weighted-average exercise price of $6.44 per share, and warrants to purchase an aggregate of 578,321 shares of our common stock.Series Alpha Preferred Stock outstanding.

 

Common Stock

The last reported sale price of our common stock on The Nasdaq Capital Market on June 16, 2022 was $0.58 per share.

 

Pursuant to the terms of our amended and restated certificate of incorporation, the holders of common stock are entitled to one vote per share on all matters to be voted upon by the stockholders, except on matters relating solely to terms of preferred stock. Subject to preferences that may be applicable to any outstanding preferred stock, the holders of common stock will be entitled to receive ratably such dividends, if any, as may be declared from time to time by the boardour Board of directorsDirectors out of funds legally available therefor. See “Dividend Policy.” In the event of our liquidation, dissolution or winding up, the holders of our common stockstockholders will be entitled to share ratably in all assets remaining after payment of liabilities, subject to prior distribution rights of preferred stock, if any, then outstanding. The holders of our common stock will have no preemptive or conversion rights or other subscription rights. There will be no redemption or sinking fund provisions applicable to our common stock.

 

Warrants

 

In December 2014, we issuedThe Alpha Warrants

The Alpha Warrants may be exercised by Alpha or its assigns, in whole or in part, at any time after May 26, 2022 and until the Alpha Warrants have been exercised in full, at an aggregateexercise price of 2,369,228 shares$0.001 per share. The Alpha Warrants may also be exercised on a cashless basis pursuant to their terms.

The terms of Series C preferred stockthe Alpha Warrant provide that such warrants may not be exercised to the extent such exercise would cause Alpha and warrants, orits affiliates to beneficially own more than 9.99% of the 2014 Warrants, to purchase a like number of shares of our common stock for aggregate gross proceeds of $3,081,893. Alloutstanding immediately after giving effect to such exercise (the “Alpha Beneficial Ownership Limitation”). Alpha may, upon 61 days’ notice to us, increase or decrease the Alpha Beneficial Ownership Limitation, provided that the Alpha Beneficial Ownership Limitation in no event exceeds 9.99% of the shares of Series C preferred stock were converted into 331,358 shares of our common stock prior to the closing of the initial public offering. Each 2014 Warrant has a term of seven years and provides for the holder to purchase each share of our common stock covered thereby at a purchase price of $9.30 per share of common stock.

In connection with the Series C Financing, all of the 2014 Notes were converted into shares of Series C preferred stock. A total of $535,000 unpaid principal plus accrued interest of $18,342 on the convertible notes converted into 567,529 shares of Series C preferred stock, which were later converted into 79,374 shares of our common stock prior to the closing of our initial public offering, and 79,374 2014 Warrants. A total of $70,000 unpaid principal plus accrued interest of $537 on a note payable was extinguished and converted into 54,259 shares of Series C preferred stock, which were later converted into 7,589 shares of our common stock prior to the closing of our initial public offering and 7,589 2014 Warrants.

8

Warrants to Representative in Initial Public Offering

In connection with our initial public offering, we issued to the representative of the underwriters warrants to purchase up to a total of 160,000 shares of common stock. The warrants are exercisable at any time, and from time to time, in whole or in part, during the four-year period commencing one year from the effective date of our initial public offering, and ending on the date that is five years from the effective date of the offering in compliance with FINRA Rule 5110(f)(2)(G)(i). The warrants are exercisable at a per share price equal to $6.25 per share. The warrants provide for registration rights upon request, in certain cases. The demand registration right provided will not be greater than five years from the effective date of the offering in compliance with FINRA Rule 5110(f)(2)(G)(iv). The piggyback registration right provided will not be greater than seven years from the effective date of the offering in compliance with FINRA Rule 5110(f)(2)(G)(v). We will bear all fees and expenses attendant to registering the securities issuable on exercise of the warrants other than underwriting commissions incurred and payable by the holders. The exercise price and number of shares issuable upon exercise of the warrants may be adjusted in certain circumstances including in the event of a stock dividend or our recapitalization, reorganization, merger or consolidation. However, the warrant exercise price or underlying shares will not be adjusted for issuances of shares of common stock at a price below the warrant exercise price.

Preferred Stock

Pursuant to the terms of our amended and restated certificate of incorporation, our board of directors has the authority to issue preferred stock in one or more classes or series and to fix the designations, powers, preferences and rights, and the qualifications, limitations or restrictions thereof, including dividend rights, conversion right, voting rights, terms of redemption, liquidation preferences and the number of shares constituting any class or series, without further vote or action by the stockholders. Although we have no present plans to issue any shares of preferred stock, the issuance of shares of preferred stock, or the issuance of rights to purchase such shares, could decrease the amount of earnings and assets available for distribution to the holders of common stock, could adversely affect the rights and powers, including voting rights, of the common stock, and could have the effect of delaying, deterring or preventing a change of control of us or an unsolicited acquisition proposal.

Registration Rights

On September 15, 2008, we entered into an Investors’ Rights Agreement with certain holders of our preferred stock. Such Investors’ Rights Agreement was amended and restated on November 17, 2010. The Amended and Restated Investors’ Rights Agreement was amended on each of January 13, 2011, February 6, 2012, December 4, 2014 and June 9, 2015. The Amended and Restated Investors’ Rights Agreement, as amended, provides such holders with certain demand and piggyback registration rights with respect to shares of our common stock into which the shares of our preferred stock are convertible.

Aspire Capital Registration Rights

On December 18, 2015, we entered into a Registration Rights Agreement with Aspire Capital Fund, LLC (“Aspire Capital”), in which we agreed to file one or more registration statements as permissible and necessary to register under the Securities Act, the sale of the shares of our common stock that have been and may be issued to Aspire Capital under the common stock purchase agreement, dated December 18, 2015, by and between us and Aspire Capital (the “Purchase Agreement”). A registration statement (No. 333-208818) registering the sale of shares of our common stock that have beenoutstanding immediately after giving effect to the issuance of shares of common stock upon exercise of the Alpha Warrant.

The Alpha Warrants provide for certain adjustments to be made to such warrants in connection with stock dividends, stock splits, fundamental transactions and similar events.

The GreenBlock Warrants

The GreenBlock Warrants may be issuedexercised by GreenBlock and Mr. Nelson or their assigns, in whole or in part, at any time after January 26, 2022 and before September 14, 2023, at an exercise price of $0.60 per share. The GreenBlock Warrants may also be exercised on a cashless basis if at the time of exercise there is no effective registration statement registering the GreenBlock Warrant Shares, or the prospectus contained in such registration statement is not available for the issuance of the GreenBlock Warrant Shares.

The terms of the GreenBlock Warrants provide that such warrants may not be exercised to Aspire Capital under the Purchase Agreement was declaredextent such exercise would cause the holder and its affiliates to beneficially own more than 9.99% of the number of shares of our common stock outstanding immediately after giving effect to such exercise (the “GreenBlock Beneficial Ownership Limitation”). The holder may, upon 61 days’ notice to us, increase or decrease the GreenBlock Beneficial Ownership Limitation, provided that the holder in no event exceeds 9.99% of the number of shares of our common stock outstanding immediately after giving effect to the issuance of shares of common stock upon exercise of the GreenBlock Warrants.

The GreenBlock Warrants provide for certain adjustments to be made to such warrants in connection with stock dividends, stock splits, fundamental transactions and similar events.

The Pre-Merger Warrants

The Alpha Pre-Merger Warrants may be exercised by Alpha, or its assigns, in whole or in part, at any time after May 22, 2020 and before May 22, 2025, at an exercise price of $0.5136 per share, subject to the adjustments described therein.

The GreenBlock Pre-Merger Warrants and Nelson Pre-Merger Warrants may be exercised by their respective holder, or its assigns, in whole or in part, at any time after November 21, 2020 and before May 22, 2025, at an exercise price of $0.5136 per share, subject to the adjustments described therein.

The Pre-Merger Warrants may also be exercised on a cashless basis if at the time of exercise there is no effective byregistration statement registering the SEC on February 11, 2016.Pre-Merger Warrant Shares or the prospectus contained in such registration statement is not available for the issuance of such shares.

The terms of the Pre-Merger Warrants provide that such warrants may not be exercised to the extent such exercise would cause the holder and its affiliates to beneficially own more than 9.99% of the number of shares of our common stock outstanding immediately after giving effect to such exercise (the “Pre-Merger Warrants Beneficial Ownership Limitation”). The holder may, upon 61 days’ notice to us, increase or decrease the Pre-Merger Warrants Beneficial Ownership Limitation, provided that the holder in no event exceeds 9.99% of the number of shares of our common stock outstanding immediately after giving effect to the issuance of shares of common stock upon exercise of the Pre-Merger Warrants.

 

Anti-Takeover Effects of Delaware Law and Our Amended and Restated Certificate of Incorporation and Amended and Restated Bylaws

 

The provisions of Delaware law and our amended and restated certificate of incorporation and amended and restated bylaws, could discourage or make it more difficult to accomplish a proxy contest or other change in our management or the acquisition of control by a holder of a substantial amount of our voting stock. It is possible that these provisions could make it more difficult to accomplish, or could deter, transactions that stockholders may otherwise consider to be in their best interests or in our best interests. These provisions are intended to enhance the likelihood of continuity and stability in the composition of our board of directors and in the policies formulated by the board of directors and to discourage certain types of transactions that may involve an actual or threatened change of our control. These provisions are designed to reduce our vulnerability to an unsolicited acquisition proposal and to discourage certain tactics that may be used in proxy fights. Such provisions also may have the effect of preventing changes in our management.

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Delaware Statutory Business Combinations Provision. We are subject to the anti-takeover provisions of Section 203 of the Delaware General Corporation Law or the DGCL.(the “DGCL”). Section 203 prohibits a publicly-held Delaware corporation from engaging in a “business combination” with an “interested stockholder” for a period of three years after the date of the transaction in which the person became an interested stockholder, unless the business combination is, or the transaction in which the person became an interested stockholder was, approved in a prescribed manner or another prescribed exception applies. For purposes of Section 203, a “business combination” is defined broadly to include a merger, asset sale or other transaction resulting in a financial benefit to the interested stockholder, and, subject to certain exceptions, an “interested stockholder” is a person who, together with his or her affiliates and associates, owns, or within three years prior, did own, 15% or more of the corporation’s voting stock.

 

Election and Removal of Directors. Except as may otherwise be provided by the DGCL, any director or the entire board of directors may be removed, with or without cause, at an annual meeting or a special meeting called for that purpose, by the affirmative vote of the majority of the votes cast by the shares of our capital stock present in person or represented by proxy at such meeting and entitled to vote thereon, provided a quorum is present. Vacancies on our board of directors resulting from the removal of directors and newly created directorships resulting from any increase in the number of directors may be filled solely by the affirmative vote of a majority of the remaining directors then in office (although less than a quorum) or by the sole remaining director. This system of electing and removing directors may discourage a third party from making a tender offer or otherwise attempting to obtain control of us, because it generally makes it more difficult for stockholders to replace a majority of our directors. Our amended and restated certificate of incorporation and amended and restated bylaws do not provide for cumulative voting in the election of directors.

Advance Notice Provisions for Stockholder Proposals and Stockholder Nominations of Directors. Our amended and restated bylaws provide that, for nominations to the board of directors or for other business to be properly brought by a stockholder before a meeting of stockholders, the stockholder must first have given timely notice of the proposal in writing to our Secretary. For an annual meeting, a stockholder’s notice generally must be delivered not less than 90 days or more than 120 days prior tobefore the anniversary of the previous year’s annual meeting.

Special Meetings of Stockholders. Special meetings of the stockholders may be called at any time only by the board of directors, the Chairman of the board of directors, the Chief Executive Officer or the President, subject to the rights of the holders of any series of preferred stock then outstanding.

Blank-Check Preferred Stock. Our board of directors is authorized to issue, without stockholder approval, preferred stock, the rights of which will be determined at the discretion of the board of directors and that, if issued, could operate as a “poison pill” to dilute the stock ownership of a potential hostile acquirer to prevent an acquisition that our board of directors does not approve.

 

Transfer Agent and Registrar

 

The transfer agent and registrar for our common stock is Corporate Stock Transfer, Inc.Equiniti Trust Company.

 

Stock Market Listing on Nasdaq

 

Our common stock is listed on The NASDAQthe Nasdaq Capital Market under the symbol “RTTR.“QLGN.

Holders

As of June 15, 2022, there were approximately 694 holders of record of our common stock. The actual number of common stockholders is greater than the number of record holders, and includes stockholders who are beneficial owners, but whose shares are held in street name by brokers and other nominees. This number of holders of record also does not include stockholders whose shares may be held in trust by other entities.

 

710
 

 

DESCRIPTION OF DEBT SECURITIESSELLING STOCKHOLDERS

 

The following description, together with the additional information we include in any applicable prospectus supplements, summarizes the material terms and provisions of the debt securities that we may offer under this prospectus. While the terms weWe have summarized below will apply generally to any future debt securities we may offer pursuant toprepared this prospectus we will describeto allow the particular terms of any debt securities that we mayselling stockholders to offer in more detail in the applicable prospectus supplement. If we so indicate in a prospectus supplement, the terms of any debt securities offered under such prospectus supplement may differ from the terms we describe below, and to the extent the terms set forth in a prospectus supplement differ from the terms described below, the terms set forth in the prospectus supplement shall control.

We may sell from time to time in one or more offerings under this prospectus, debt securities, which may be senior or subordinated. up to 8,161,312 shares of our common stock, par value $0.001 per share (the “Resale Shares”) for their own account, consisting of (i) the 3,500,000 Consideration Shares held by Alpha, (ii) the 3,314,641 Alpha Warrant Shares issuable to Alpha upon exercise of the Alpha Warrants, (iii) the 600,000 GreenBlock Shares issuable to GreenBlock and Mr. Nelson upon the exercise of the GreenBlock Warrants, and (iv) the 746,671 Pre-Merger Warrant Shares issuable to the selling stockholders upon the exercise of the Pre-Merger Warrants. For a description of the Warrants, see “Description of Capital Stock - Warrants.”

We will issue any such senior debt securities under a senior indentureare registering the offer and sale of the Resale Shares beneficially owned by the selling stockholders to satisfy certain registration rights that we will enter intogranted the selling stockholders in connection with a trustee to be named in the senior indenture. We will issue any such subordinated debt securities under a subordinated indenture, which we will enter into with a trustee to be named in the subordinated indenture. We use the term “indentures” to refer to either the senior indenture or the subordinated indenture, as applicable. The indentures will be qualified under the Trust Indenture Act of 1939, as in effect on the dateissuance of the indenture. We useConsideration Shares and the term “debenture trustee” to refer to either the trustee under the senior indenture or the trustee under the subordinated indenture, as applicable.Warrants.

 

The following summariestable sets forth (i) the name of material provisionseach selling stockholder, (ii) the number of shares beneficially owned by each of the senior debt securities,respective selling stockholders, including the subordinated debt securitiesConsideration Shares and the indenturesWarrant Shares, (iii) the number of Consideration Shares and Warrant Shares that may be offered under this prospectus and (iv) the number of shares of our common stock beneficially owned by the selling stockholders assuming all of the Consideration Shares and Warrant Shares covered hereby are subjectsold.

The number of shares of common stock set forth in the following table for any selling stockholder does not take into account the exercise limitations set forth in the Warrants and described under “Description of Capital Stock-Warrants.” Accordingly, the number of shares of common stock set forth in the following table for any stockholder may exceed the number of shares of common stock that it could own beneficially at any given time as a result of its ownership of Warrants. As a result, the actual number of Warrant Shares that may be issued to and qualifiedsold by the selling stockholders could be materially less or more than the estimated numbers in their entiretythe column titled “Number of Shares Being Offered” depending on factors which cannot be predicted by reference to, allus at this time. In addition, we do not know how long the provisionsselling stockholders will hold the Consideration Shares or Warrant Shares before selling them, and we currently have no agreements, arrangements or understandings with the selling stockholders regarding the sale or other disposition of any Consideration Shares or Warrant Shares.

Except as described in this prospectus, none of the indenture applicableselling stockholders has, or during the three years prior to the date of this prospectus has had, any position, office or other material relationships with us or any of our predecessors or affiliates. To our knowledge, except as set forth in the table below, none of the selling stockholders are broker-dealers or are affiliated with a particular seriesbroker-dealer, nor at the time of debt securities.the acquisition did any selling stockholders have direct or indirect agreements or understandings with any person to distribute any common stock, including the Consideration Shares and the Warrant Shares.

 

The information set forth in the table below is based upon information obtained from the selling stockholders. Beneficial ownership of the selling stockholders is determined in accordance with Rule 13d-3(d) under the Exchange Act. The percentage of shares beneficially owned after the offering is based on 43,456,853 shares of our common stock outstanding as of June 15, 2022, after giving effect to the issuance of 4,661,312 Warrant Shares assuming full exercise of the Warrants.

As used in this prospectus, the term “selling stockholders” includes the selling stockholders listed in the table below, together with any additional selling stockholders listed in a prospectus supplement, and their donees, pledgees, assignees, transferees, distributees and successors-in-interest that receive Resale Shares in any non-sale transfer after the date of this prospectus.

        Beneficial Ownership After this Offering 
Name of Selling Stockholder Shares of Common
Stock Beneficially
Owned Prior to
this Offering
  Number of
Shares
Being
Offered
  Number of
Shares
  Percent of
Outstanding
Common Stock
 
Alpha Capital Anstalt  3,917,370(1)  6,885,118   4,823,175(2)  9.99%
GreenBlock Capital, LLC (3)  791,765   759,812   31,953   * 
Christopher Nelson (4)  544,679   516,382   28,297   * 
All Selling Stockholders  5,253,814   8,161,312   4,883,425   9.99%

(1) Includes the 3,500,000 Consideration Shares and 417,370 shares of common stock issuable upon the exercise of the Alpha Pre-Merger Warrants and other warrants held by Alpha. This number does not include the Alpha Warrant Shares or 5,052,624 shares of common stock issuable upon the exercise of other warrants held by Alpha that may not be exercised to the extent that such exercise will result in Alpha (and its affiliates) beneficially owning more than 9.99% of the number of shares of our common stock outstanding immediately after giving effect to the issuance of shares of common stock issuable upon exercise. The address of Alpha Capital Anstalt is Altenbach 8, 9490 Vaduz, Liechtenstein.

(2) This number does not include 576,342 shares of common stock issuable upon the exercise of warrants that will continue to be held by Alpha after this offering that may not be exercised to the extent that such exercise will result in Alpha (and its affiliates) beneficially owning more than 9.99% of the number of shares of our common stock outstanding immediately after giving effect to the issuance of shares of common stock issuable upon exercise.

(3) The address of GreenBlock Capital LLC is 420 Royal Palm Way, Suite 100, Palm Beach, FL 33480.

(4) The address for Mr. Nelson is 420 Royal Palm Way, Suite 100, Palm Beach, FL 33480.

GeneralPLAN OF DISTRIBUTION

 

Each indenture will provideWe are registering the Consideration Shares and Warrant Shares issuable upon the exercise of the Warrants that debt securities may be issuedsold by the selling stockholders from time to time after the date of this prospectus. We will not receive any of the proceeds from the sale by the selling stockholders of the Resale Shares. We will bear all fees and expenses incident to our obligation to register the Resale Shares.

The term “selling stockholders” includes donees, pledgees, transferees or other successors in interest selling securities received after the date of this prospectus from a selling stockholder as a gift, pledge, partnership distribution or other transfer. The selling stockhholders will act independently of us in making decisions with respect to the timing, manner and size of each sale. Such sales may be made on the principal trading market for our common stock or any other stock exchange, market or trading facility on which our common stock is traded or in private transactions. These sales may be at fixed or negotiated prices. A selling stockholder may use any one or more series and may be denominated and payable in foreign currencies or units based on or relating to foreign currencies. Neither indenture will limit the amount of debt securities that may be issued thereunder, and each indenture will provide that the specific terms of any series of debt securities shall be set forth in, or determined pursuant to, an authorizing resolution and/or a supplemental indenture, if any, relating to such series.

We will describe in each prospectus supplement the following terms relating to a series of debt securities:methods when selling Resale Shares:

 

 ordinary brokerage transactions and transactions in which the title or designation;broker dealer solicits purchasers;
   
 block trades in which the aggregatebroker dealer will attempt to sell the common stock as agent but may position and resell a portion of the block as principal amount and any limit onto facilitate the amount that may be issued;transaction;
   
 purchases by a broker dealer as principal and resale by the currency or units based on or relating to currencies in which debt securities of such series are denominated and the currency or units in which principal or interest or both will or may be payable;broker dealer for its account;
   
 whether we will issuean exchange distribution in accordance with the seriesrules of debt securities in global form, the terms of any global securities and who the depositary will be;applicable exchange;
   
 the maturity date and the date or dates on which principal will be payable;privately negotiated transactions;
   
 the interest rate, which may be fixed or variable, or the method for determining the rate and the date interest will begin to accrue, the date or dates interest will be payable and the record dates for interest payment dates or the method for determining such dates;settlement of short sales;
   
 whetherdistribution to employees, members, limited partners or notstockholders of the debt securities will be secured or unsecured, and the terms of any secured debt;selling stockholders;
   
 in transactions through broker dealers that agree with the termsselling stockholders to sell a specified number of the subordination of any series of subordinated debt;such common stock at a stipulated price per security;
   
 through the placewriting or places where payments will be payable;

11

our right, if any, to defer paymentsettlement of interest and the maximum length of any such deferral period;options or other hedging transactions, whether through an options exchange or otherwise;
   
 the date, if any, after which,by pledge to secured debts and the price at which, we may, at our option, redeem the series of debt securities pursuant to any optional redemption provisions;other obligations;
   
 the date, if any, on which, and the price at which we are obligated, pursuant to any mandatory sinking fund provisions or otherwise, to redeem, or at the holder’s option to purchase, the series of debt securities;delayed delivery arrangements;
   
 whether the indenture will restrict our ability to pay dividends, or will require us to maintain any asset ratiosthrough underwriters or reserves;
whether we will be restricted from incurring any additional indebtedness;broker-dealers;
   
 a discussion oncombination of any materialsuch methods of sale; or special U.S. federal income tax considerations applicable to a series of debt securities;
the denominations in which we will issue the series of debt securities, if other than denominations of $1,000 and any integral multiple thereof; and
   
 any other specific terms, preferences, rights or limitations of, or restrictions on, the debt securities.method permitted pursuant to applicable law.

 

WeThe selling stockholders may issue debt securities that provide for an amount less than their stated principal amount to be due and payable upon declaration of acceleration of their maturity pursuant toalso sell the terms of the indenture. We will provide you with information on the federal income tax considerations and other special considerations applicable to any of these debt securities in the applicable prospectus supplement.

Conversion or Exchange Rights

We will set forth in the prospectus supplement the terms, if any, on which a series of debt securities may be convertible into or exchangeable for our common stock or our other securities. We will include provisions as to whether conversion or exchange is mandatory, at the option of the holder or at our option. We may include provisions pursuant to which the number of shares of our common stock under Rule 144 or ourany other securities thatexemption from registration under the holders of the series of debt securities receive would be subject to adjustment.Securities Act, if available, rather than under this prospectus.

 

Information ConcerningIn addition, a selling stockholder that is an entity may elect to make a pro rata in-kind distribution of securities to its members, partners or stockholders pursuant to the Debenture Trusteeregistration statement of which this prospectus is a part by delivering a prospectus with a plan of distribution. Such members, partners or stockholders would thereby receive freely tradeable securities pursuant to the distribution through a registration statement. To the extent a distributee is our affiliate (or to the extent otherwise required by law), we may, at our option, file a prospectus supplement in order to permit the distributees to use the prospectus to resell the securities acquired in the distribution.

 

The debenture trustee,Broker-dealers engaged by the selling stockholders may arrange for other than duringbrokers-dealers to participate in sales. Broker-dealers may receive commissions, discounts or concessions from the occurrence and continuanceselling stockholders (or, if any broker-dealer acts as agent for the purchaser of an event of default underour common stock, from the applicable indenture, undertakespurchaser) in amounts to perform only those dutiesbe negotiated, but, except as are specifically set forth in the applicable indenture. Upon an event of default under an indenture, the debenture trustee under such indenture must use the same degree of care as a prudent person would exercise or usesupplement to this prospectus, in the conductcase of his or her own affairs. Subject to this provision, the debenture trustee is under no obligation to exercise anyan agency transaction not in excess of the powers given it by the indentures at the request of any holder of debt securities unless it is offered reasonable securitya customary brokerage commission in compliance with Financial Industry Regulatory Authority (“FINRA”) Rule 5110; and indemnity against the costs, expenses and liabilities that it might incur.

Payment and Paying Agents

Unless we otherwise indicate in the applicablecase of a principal transaction a markup or markdown in compliance with FINRA Rule 2121.

To the extent required, this prospectus supplement, we will make paymentmay be amended or supplemented from time to time to describe a specific plan of distribution. In connection with the interest on any debtsale of our common stock or interests therein, the selling stockholders may enter into hedging transactions with broker-dealers or other financial institutions, which may in turn engage in short sales of our common stock in the course of hedging the positions they assume. The selling stockholders may also sell our common stock short and deliver these shares to close out their short positions, or loan or pledge the securities on any interest payment date to the personbroker-dealers that in whose name the debt securities,turn may sell these shares. The selling stockholders may also enter into option or other transactions with broker-dealers or other financial institutions or create one or more predecessorderivative securities which require the delivery to such broker-dealer or other financial institution of securities offered by this prospectus, which securities such broker-dealer or other financial institution may resell pursuant to this prospectus (as supplemented or amended to reflect such transaction). The selling stockholders may also pledge securities to a broker-dealer or other financial institution, and, upon a default, such broker-dealer or other financial institution, may effect sales of the pledged securities pursuant to this prospectus (as supplemented or amended to reflect such transaction).

Any broker-dealers or agents that are registered atinvolved in selling the closesecurities may be deemed to be “underwriters” within the meaning of businessthe Securities Act in connection with such sales. In such event, any commissions received by such broker-dealers or agents and any profit on the regular record date for the interest.

We will pay principal of and any premium and interest on the debt securities of a particular series at the officeresale of the paying agents designated by us, except that unless we otherwise indicate in the applicable prospectus supplement, we will make interest payments by check which we will mail to the holder. Unless we otherwise indicate in a prospectus supplement, we will designate the corporate trust office of the debenture trustee in the City of New York as our sole paying agent for payments with respect to debt securities of each series. We will name in the applicable prospectus supplement any other paying agents that we initially designate for the debt securities of a particular series. We will maintain a paying agent in each place of payment for the debt securities of a particular series.

All money we pay to a paying agent or the debenture trustee for the payment of the principal of or any premium or interest on any debt securities which remains unclaimed at the end of two years after such principal, premium or interest has become due and payable will be repaid to us, and the holder of the security thereafter may look only to us for payment thereof.

Governing Law

The indentures and the debt securities will be governed by and construed in accordance with the laws of the State of New York, except to the extent that the Trust Indenture Act is applicable.

Subordination of Subordinated Debt Securities

Our obligations pursuant to any subordinated debt securities will be unsecured and will be subordinate and junior in priority of payment to certain of our other indebtedness to the extent described in a prospectus supplement. The subordinated indenture does not limit the amount of senior indebtedness we may incur. It also does not limit us from issuing any other secured or unsecured debt.

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DESCRIPTION OF WARRANTS

General

We may issue warrants to our stockholders to purchase shares of our common stock preferred stock and/purchased by them may be deemed to be underwriting commissions or debt securities. discounts under the Securities Act. Each selling stockholder has informed us that it does not have any written or oral agreement or understanding, directly or indirectly, with any person to distribute the shares of our common stock.

We are required to pay certain fees and expenses incurred by us incident to the registration of the shares of our common stock.

The Resale Shares will be sold only through registered or licensed brokers or dealers if required under applicable state securities laws. In addition, in certain states, the resale securities covered hereby may offer warrants separatelynot be sold unless they have been registered or together with one or more additional warrants, debt securities, common stock, preferred stock, rights or purchase contracts, or any combination of those securities in the form of units, as describedqualified for sale in the applicable prospectus supplement. Each seriesstate or an exemption from the registration or qualification requirement is available and is complied with.

Under applicable rules and regulations under the Exchange Act, any person engaged in the distribution of warrantsthe Resale Shares may not simultaneously engage in market making activities with respect to our common stock for the applicable restricted period, as defined in Regulation M, prior to the commencement of the distribution. In addition, the selling stockholders will be issued under a separate warrant agreementsubject to be entered into between us and a bank or trust company, as warrant agent. The warrant agent will act solely as our agent in connection with the certificates relating to the rights of the series of certificates and will not assume any obligation or relationship of agency or trust for or with any holders of rights certificates or beneficial owners of rights. The following description sets forth certain general terms andapplicable provisions of the rightsExchange Act and the rules and regulations thereunder, including Regulation M, which may limit the timing of purchases and sales of our common stock by the selling stockholders or any other person. We will make copies of this prospectus available to which anythe selling stockholders and have informed them of the need to deliver a copy of this prospectus to each purchaser at or prior to the time of the sale (including by compliance with Rule 172 under the Securities Act).

At the time a particular offer of securities is made, if required, a prospectus supplement may relate. The particularwill be distributed that will set forth the number of securities being offered and the terms of the warrantoffering, including the name of any underwriter, dealer or agent, the purchase price paid by any underwriter, any discount, commission and other item constituting compensation, any discount, commission or concession allowed or reallowed or paid to which any prospectus supplement may relatedealer, and the extent, if any, to which the general provisions may applyproposed selling price to the rights so offered will be described in the applicable prospectus supplement. To the extent that any particular terms of the warrant, warrant agreement or warrant certificates described in a prospectus supplement differ from any of the terms described below, then the terms described below will be deemed to have been superseded by that prospectus supplement. We encourage you to read the applicable warrant agreement and warrant certificate for additional information before you decide whether to purchase any of our rights.

We will provide in a prospectus supplement the following terms of the warrants being issued:

the specific designation and aggregate number of, and the price at which we will issue, the warrants;
the currency or currency units in which the offering price, if any, and the exercise price are payable;
the designation, amount and terms of the securities purchasable upon exercise of the warrants;
if applicable, the exercise price for shares of our common stock and the number of shares of common stock to be received upon exercise of the warrants;
if applicable, the exercise price for shares of our preferred stock, the number of shares of preferred stock to be received upon exercise, and a description of that series of our preferred stock;
if applicable, the exercise price for our debt securities, the amount of debt securities to be received upon exercise, and a description of that series of debt securities;
the date on which the right to exercise the warrants will begin and the date on which that right will expire or, if you may not continuously exercise the warrants throughout that period, the specific date or dates on which you may exercise the warrants;
whether the warrants will be issued in fully registered form or bearer form, in definitive or global form or in any combination of these forms, although, in any case, the form of a warrant included in a unit will correspond to the form of the unit and of any security included in that unit;
any applicable material U.S. federal income tax consequences;
the identity of the warrant agent for the warrants and of any other depositaries, execution or paying agents, transfer agents, registrars or other agents;
the proposed listing, if any, of the warrants or any securities purchasable upon exercise of the warrants on any securities exchange;
if applicable, the date from and after which the warrants and the common stock, preferred stock and/or debt securities will be separately transferable;
if applicable, the minimum or maximum amount of the warrants that may be exercised at any one time;
information with respect to book-entry procedures, if any;
the anti-dilution provisions of the warrants, if any;
any redemption or call provisions;
whether the warrants may be sold separately or with other securities as parts of units; and
any additional terms of the warrants, including terms, procedures and limitations relating to the exchange and exercise of the warrants.

Each warrant will entitle the holder of rights to purchase for cash the principal amount of shares of common stock or other securities at the exercise price provided in the applicable prospectus supplement. Warrants may be exercised at any time up to the close of business on the expiration date for the rights provided in the applicable prospectus supplement.

Holders may exercise warrants as described in the applicable prospectus supplement. Upon receipt of payment and the warrant certificate properly completed and duly executed at the corporate trust office of the rights agent or any other office indicated in the prospectus supplement, we will, as soon as practicable, forward the shares of common stock or other securities, as applicable, purchasable upon exercise of the rights. If less than all of the warrants issued in any rights offering are exercised, we may offer any unsubscribed securities directly to persons other than stockholders, to or through agents, underwriters or dealers or through a combination of such methods, including pursuant to standby arrangements, as described in the applicable prospectus supplement.

Warrant Agent

The warrant agent for any warrants we offer will be set forth in the applicable prospectus supplement.public.

 

1310

DESCRIPTION OF RIGHTS

General

We may issue rights to our stockholders to purchase shares of our common stock, preferred stock, and/or debt securities described in this prospectus. We may offer rights separately or together with one or more additional rights, debt securities, common stock, warrants or purchase contracts, or any combination of those securities in the form of units, as described in the applicable prospectus supplement. Each series of rights will be issued under a separate rights agreement to be entered into between us and a bank or trust company, as rights agent. The rights agent will act solely as our agent in connection with the certificates relating to the rights of the series of certificates and will not assume any obligation or relationship of agency or trust for or with any holders of rights certificates or beneficial owners of rights. The following description sets forth certain general terms and provisions of the rights to which any prospectus supplement may relate. The particular terms of the rights to which any prospectus supplement may relate and the extent, if any, to which the general provisions may apply to the rights so offered will be described in the applicable prospectus supplement. To the extent that any particular terms of the rights, rights agreement or rights certificates described in a prospectus supplement differ from any of the terms described below, then the terms described below will be deemed to have been superseded by that prospectus supplement. We encourage you to read the applicable rights agreement and rights certificate for additional information before you decide whether to purchase any of our rights.

We will provide in a prospectus supplement the following terms of the rights being issued:

the date of determining the stockholders entitled to the rights distribution;
the aggregate number of shares of common stock or other securities purchasable upon exercise of the rights;
the exercise price;
the aggregate number of rights issued;
whether the rights are transferrable and the date, if any, on and after which the rights may be separately transferred;
the date on which the right to exercise the rights will commence, and the date on which the right to exercise the rights will expire;
the method by which holders of rights will be entitled to exercise;
the conditions to the completion of the offering, if any;
the withdrawal, termination and cancellation rights, if any;
whether there are any backstop or standby purchaser or purchasers and the terms of their commitment, if any;
whether stockholders are entitled to oversubscription rights, if any;
any applicable U.S. federal income tax considerations; and
any other terms of the rights, including terms, procedures and limitations relating to the distribution, exchange and exercise of the rights, as applicable.

Each right will entitle the holder of rights to purchase for cash the principal amount of shares of common stock or other securities at the exercise price provided in the applicable prospectus supplement. Rights may be exercised at any time up to the close of business on the expiration date for the rights provided in the applicable prospectus supplement.

Holders may exercise rights as described in the applicable prospectus supplement. Upon receipt of payment and the rights certificate properly completed and duly executed at the corporate trust office of the rights agent or any other office indicated in the prospectus supplement, we will, as soon as practicable, forward the shares of common stock or other securities, as applicable, purchasable upon exercise of the rights. If less than all of the rights issued in any rights offering are exercised, we may offer any unsubscribed securities directly to persons other than stockholders, to or through agents, underwriters or dealers or through a combination of such methods, including pursuant to standby arrangements, as described in the applicable prospectus supplement.

Rights Agent

The rights agent for any rights we offer will be set forth in the applicable prospectus supplement.

 14

DESCRIPTION OF PURCHASE CONTRACTS

We may issue purchase contracts, including contracts obligating holders to purchase from us, and for us to sell to holders, a specific or variable number of our debt securities, shares of common stock, preferred stock, warrants or rights, or securities of an entity unaffiliated with us, or any combination of the above, as described in the applicable prospectus supplement. Alternatively, the purchase contracts may obligate us to purchase from holders, and obligate holders to sell to us, a specific or variable number of our debt securities, shares of common stock, warrants, rights or other property, or any combination of the above. The price of the securities or other property subject to the purchase contracts may be fixed at the time the purchase contracts are issued or may be determined by reference to a specific formula described in the purchase contracts. We may issue purchase contracts separately or as a part of units each consisting of a purchase contract and one or more of our other securities described in this prospectus or securities of third parties, including U.S. Treasury securities, securing the holder’s obligations under the purchase contract. The purchase contracts may require us to make periodic payments to holders or vice versa and the payments may be unsecured or pre-funded on some basis. The purchase contracts may require holders to secure the holder’s obligations in a manner specified in the applicable prospectus supplement.

The applicable prospectus supplement will describe the terms of any purchase contracts in respect of which this prospectus is being delivered, including, to the extent applicable, the following:

whether the purchase contracts obligate the holder or us to purchase or sell, or both purchase and sell, the securities subject to purchase under the purchase contract, and the nature and amount of each of those securities, or the method of determining those amounts;
whether the purchase contracts are to be prepaid;
whether the purchase contracts are to be settled by delivery, or by reference or linkage to the value, performance or level of the securities subject to purchase under the purchase contract;
any acceleration, cancellation, termination or other provisions relating to the settlement of the purchase contracts;
any applicable U.S. federal income tax considerations; and
whether the purchase contracts will be issued in fully registered or global form.

The preceding description sets forth certain general terms and provisions of the purchase contracts to which any prospectus supplement may relate. The particular terms of the purchase contracts to which any prospectus supplement may relate and the extent, if any, to which the general provisions may apply to the purchase contracts so offered will be described in the applicable prospectus supplement. To the extent that any particular terms of the purchase contracts described in a prospectus supplement differ from any of the terms described above, then the terms described above will be deemed to have been superseded by that prospectus supplement. We encourage you to read the applicable purchase contract for additional information before you decide whether to purchase any of our purchase contracts.

15

DESCRIPTION OF UNITS

The following description, together with the additional information that we include in any applicable prospectus supplements summarizes the material terms and provisions of the units that we may offer under this prospectus. While the terms we have summarized below will apply generally to any units that we may offer under this prospectus, we will describe the particular terms of any series of units in more detail in the applicable prospectus supplement. The terms of any units offered under a prospectus supplement may differ from the terms described below.

We will incorporate by reference from reports that we file with the SEC, the form of unit agreement that describes the terms of the series of units we are offering, and any supplemental agreements, before the issuance of the related series of units. The following summaries of material terms and provisions of the units are subject to, and qualified in their entirety by reference to, all the provisions of the unit agreement and any supplemental agreements applicable to a particular series of units. We urge you to read the applicable prospectus supplements related to the particular series of units that we may offer under this prospectus, as well as any related free writing prospectuses and the complete unit agreement and any supplemental agreements that contain the terms of the units.

General

We may issue units consisting of common stock, preferred stock, one or more debt securities, warrants, rights or purchase contacts for the purchase of common stock, preferred stock and/or debt securities in one or more series, in any combination. Each unit will be issued so that the holder of the unit is also the holder of each security included in the unit. Thus, the holder of a unit will have the rights and obligations of a holder of each security included in the unit. The unit agreement under which a unit is issued may provide that the securities included in the unit may not be held or transferred separately, at any time or at any time before a specified date.

We will describe in the applicable prospectus supplement the terms of the series of units being offered, including:

the designation and terms of the units and of the securities comprising the units, including whether and under what circumstances those securities may be held or transferred separately;
any provisions of the governing unit agreement that differ from those described below; and
any provisions for the issuance, payment, settlement, transfer or exchange of the units or of the securities comprising the units.

The provisions described in this section, as well as those set forth in any prospectus supplement or as described under “Description of Capital Stock,” “Description of Debt Securities,” “Description of Warrants,” “Description of Rights” and “Description of Purchase Contracts” will apply to each unit, as applicable, and to any common stock, debt security, warrant, right or purchase contract included in each unit, as applicable.

Unit Agent

The name and address of the unit agent for any units we offer will be set forth in the applicable prospectus supplement.

Issuance in Series

We may issue units in such amounts and in such numerous distinct series as we determine.

Enforceability of Rights by Holders of Units

Each unit agent will act solely as our agent under the applicable unit agreement and will not assume any obligation or relationship of agency or trust with any holder of any unit. A single bank or trust company may act as unit agent for more than one series of units. A unit agent will have no duty or responsibility in case of any default by us under the applicable unit agreement or unit, including any duty or responsibility to initiate any proceedings at law or otherwise, or to make any demand upon us. Any holder of a unit may, without the consent of the related unit agent or the holder of any other unit, enforce by appropriate legal action its rights as holder under any security included in the unit.

16

 

LEGAL MATTERS

 

Reed Smith LLP, New York, New York, will pass upon the validity of the issuanceshares of the securities to becommon stock offered by this prospectus.hereby.

 

EXPERTS

 

Mayer Hoffman McCann P.C., ourThe consolidated financial statements of Qualigen Therapeutics, Inc. as of December 31, 2021 and 2020 and for the year ended December 31, 2021 and for the nine-month period ended December 31, 2020, incorporated in this Prospectus by reference from the Company’s Annual Report on Form 10-K for the year ended December 31, 2021 have been audited by Baker Tilly US, LLP, an independent registered public accounting firm, has audited our balance sheets as of December 31, 2015 and 2014, and the related statements of operations, changes in securities subject to redemption and shareholders’ deficit and cash flows for each of the two years in the period ended December 31, 2015, as set forthstated in their report which report expresses an unqualified opinion and includes an explanatory paragraph relating to our ability to continue as a going concern. We havethereon, incorporated herein by reference, our financial statementsand have been incorporated in this prospectusProspectus and in this registration statementRegistration Statement in reliance onupon such report and upon the reportauthority of Mayer Hoffman McCann P.C. given on their authoritysuch firm as experts in accounting and auditing.

 

WHERE YOU CAN FIND MOREADDITIONAL INFORMATION

 

We haveThis prospectus is part of the registration statement on Form S-3 we filed with the SEC a Registration Statement on Form S-1 under the Securities Act in connection with this offering of our common stock by our selling stockholders. This Prospectus, which constitutes a part of the Registration Statement,and does not contain all of the information set forth in the registration statement, some itemsstatement. Whenever a reference is made in this prospectus to any of which are contained in exhibitsour contracts, agreements or other documents, the reference may not be complete and you should refer to the Registration Statement as permitted by the rules and regulations of the SEC. For further information with respect to us and our common stock, we refer you to the Registration Statement, including the exhibits and the financial statements and notes filed asthat are a part of the Registration Statement. Statements contained in this prospectus concerningregistration statement or the contents of any contract or any other document are not necessarily complete. If a contract or document has been filed as an exhibit to the Registration Statement, please see the copy of the contract or document that has been filed. Each statement in this prospectus relating to a contract or document filed as an exhibit is qualified in all respects by the filed exhibit. The exhibits to the Registration Statement should be referencedreports or other documents incorporated by reference into this prospectus for the complete contents of these contracts and documents. Aa copy of the Registration Statement and the exhibits filed therewith may be inspected without charge at the public reference room of the SEC, located at 100 F Street, N.E., Room 1580, Washington, D.C. 20549. You may obtain information on the operation of the public reference rooms by calling the SEC at 1-800-SEC-0330. The SEC also maintains an Internet website that contains reports, proxy statements, andsuch contract, agreement or other information about issuers, like us, that file electronically with the SEC. The address of that website iswww.sec.gov.

Wedocument. Because we are subject to the information and reporting requirements of the Exchange Act, and, in accordance with this law, we file periodicannual, quarterly and current reports, proxy statements and other information with the SEC. These periodic reports, proxy statements, and other informationOur SEC filings are available for inspection and copyingto the public over the Internet at the SEC’s public reference facilities and the website of the SEC referred to above. at http://www.sec.gov.

We also maintain a website atwww.ritterpharmaceuticals.com. You may access our annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, and amendments to those reports filed or furnished pursuant to Section 13(a) or 15(d) of the Exchange Act with the SEC free of charge at our website (www.ritterpharmaceutical.com) as soon as reasonably practicable after such material is electronically filed with, or furnished to, the SEC. The information www.tempesttx.com. Information contained in or that can be accessedaccessible through our website isdoes not incorporated by reference intoconstitute a part of this Prospectus.prospectus.

17

 

INCORPORATION OF CERTAIN INFORMATION BY REFERENCE

 

The SEC allows us to “incorporate by reference” information from other documents that we file with them. Incorporation by reference allows us toit, which means that we can disclose important information to you by referring you to those other documents. The information incorporated by reference is an importantconsidered to be part of this prospectus. Information in this prospectus andsupersedes information incorporated by reference that we filed with the SEC prior to the date of this prospectus, while information that we file later with the SEC will automatically update and supersede the information in this information. Thisprospectus. We incorporate by reference into this prospectus omits certain information contained inand the registration statement as permitted by the SEC. You should refer to the registration statement and any prospectus supplement filed hereafter, including the exhibits, for further information about us and the securities we may offer pursuant to this prospectus. Statements inof which this prospectus regardingis a part the provisions of certaininformation or documents listed below that we have filed with or incorporated by reference in, the registration statement are not necessarily complete and each statement is qualified in all respects by that reference. Copies of all or any part of the registration statement, including the documents incorporated by reference or the exhibits, may be obtained upon payment of the prescribed rates at the offices of the SEC listed above in “Where You Can Find More Information.” The documents we are incorporating by reference are:(Commission File No. 001-37428):

 

 our Annual Report on Form 10-K for the fiscal year ended December 31, 20152021, which was filed with the SEC on March 31, 2022, as amended on Form 10-K/A filed on March 21, 2016;April 29, 2022;
   
 our Quarterly ReportsReport on Form 10-Q for the fiscal quartersquarter ended March 31, 2016,2022, which was filed with the SEC on May 9, 2016, and June 30, 2016, filed on August 8, 2016;13, 2022;
   
 our Current Reports on Form 8-K (other than information furnished rather than filed) filed with the SEC on January 5, 201618, 2022, March 4, 2022, May 4, 2022 and June 6, 2016;2, 2022; and
   
 the description of our common stock, which is registered under Section 12 of the Company’s Common Stock containedExchange Act, in the Company’ Registration Statementour registration statement on Form 8-A, (File No. 1-37428) filed with the SEC on June 15, 2015, including any amendment or report filedas updated by Exhibit 4.15 to our Annual Report on Form 10-K for the purpose of updating such descriptionfiscal year ended December 31, 2022.

 

In addition, all documents that the Company filesAll filings filed by us pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act after the date of 1934, as amended (the “Exchange Act”), subsequent to the initial filing of the registration statement of which this Registration Statementprospectus is a part and prior to effectiveness of the filing of a post-effective amendment which indicates that all securities offered hereby have been sold or which deregisters all securities then remaining unsold,registration statement shall be deemed to be incorporated by reference into this Registration Statementprospectus.

We also incorporate by reference any future filings (other than current reports furnished under Item 2.02 or Item 7.01 of Form 8-K and exhibits filed on such form that are related to besuch items unless such Form 8-K expressly provides to the contrary) made with the SEC pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act, including those made after the date of the initial filing of the registration statement of which this prospectus is a part hereofand prior to effectiveness of such registration statement, until we file a post-effective amendment that indicates the termination of the offering of the shares of our common stock made by this prospectus and will become a part of this prospectus from the date of filing ofthat such documents except as to any document or portion of any document that is deemed furnishedare filed with the SEC. Information in such future filings updates and not filed.

Pursuant to Rule 412 undersupplements the Securities Act, any statement contained in the documents incorporated or deemed to be incorporated by referenceinformation provided in this Registration Statement shallprospectus. Any statements in any such future filings will automatically be deemed to be modified, superseded or replaced for purposes of this Registration Statement to the extent that a statement contained herein ormodify and supersede any information in any other subsequentlydocument we previously filed document which alsowith the SEC that is incorporated or deemed to be incorporated herein by reference to the extent that statements in the later filed document modify or replace such earlier statements.

You can request a copy of these filings, at no cost, by writing or telephoning us at the following address or telephone number:

Qualigen Therapeutics, Inc.

2042 Corte Del Nogal

Carlsbad, California 92011

Attn: Secretary

You may also access the documents incorporated by reference in this Registration Statement modifies, supersedesprospectus through our website www.qualigeninc.com. Except for the specific incorporated documents listed above, no information available on or replaces such statement. Any such statement so modified, superseded or replacedthrough our website shall not be deemed except as so modified, supersededto be incorporated in this prospectus or replaced, to constitutethe registration statement of which it forms a part of this Registration Statement.part.

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PART II

INFORMATION NOT REQUIRED IN PROSPECTUS

Item 14. Other Expenses of Issuance and Distribution

 

The following table sets forth an itemizationestimate of the variousfees and expenses all of which we will pay,payable by us in connection with the issuance and distributionsale of the securities being registered. All of the amounts shown are estimated except the SEC Registration Fee.

 

SEC Registration Fee $15,105 
Legal Fees and Expenses  * 
Accounting Fees and Expenses  * 
Miscellaneous  * 
Total $* 

*These fees will be dependent on the type of securities offered and number of offerings and, therefore, cannot be estimated at this time. In accordance with Rule 430B under the Securities Act, additional information regarding estimated fees and expenses will be provided at the time information as to an offering is included in a prospectus supplement.

  Amount 
SEC registration fees $445 
Accounting fees and expenses  8,500 
Legal fees and expenses  10,000 
Miscellaneous fees and expenses  1,055 
Total $20,000 

 

Item 15. Indemnification of Directors and Officers

 

Our amended and restated certificate of incorporation provides that we shall indemnify, to the fullest extent authorized by the Delaware General Corporation Law (“DGCL”), each person who is involved in any litigation or other proceeding because such person is or was a director or officer of Ritter Pharmaceuticals,Qualigen Therapeutics, Inc. or is or was serving as an officer or director of another entity at our request, against all expense, loss or liability reasonably incurred or suffered in connection therewith. Our amended and restated certificate of incorporation provides that the right to indemnification includes the right to be paid expenses incurred in defending any proceeding in advance of its final disposition, provided, however, that such advance payment will only be made upon delivery to us of an undertaking, by or on behalf of the director or officer, to repay all amounts so advanced if it is ultimately determined that such director is not entitled to indemnification. If we do not pay a proper claim for indemnification in full within 30 days after we receive a written claim for such indemnification, our certificate of incorporation and our bylaws authorize the claimant to bring an action against us and prescribe what constitutes a defense to such action.

 

Section 145 of the Delaware General Corporation Law permits a corporation to indemnify any director or officer of the corporation against expenses (including attorney’s fees), judgments, fines and amounts paid in settlement actually and reasonably incurred in connection with any action, suit or proceeding brought by reason of the fact that such person is or was a director or officer of the corporation, if such person acted in good faith and in a manner that he reasonably believed to be in, or not opposed to, the best interests of the corporation, and, with respect to any criminal action or proceeding, if he or she had no reason to believe his or her conduct was unlawful. In a derivative action, (i.e., one brought by or on behalf of the corporation), indemnification may be provided only for expenses actually and reasonably incurred by any director or officer in connection with the defense or settlement of such an action or suit if such person acted in good faith and in a manner that he or she reasonably believed to be in, or not opposed to, the best interests of the corporation, except that no indemnification shall be provided if such person shall have been adjudged to be liable to the corporation, unless and only to the extent that the court in which the action or suit was brought shall determine that the defendant is fairly and reasonably entitled to indemnity for such expenses despite such adjudication of liability.

 

19

Pursuant to Section 102(b)(7) of the Delaware General Corporation Law, our amended and restated certificate of incorporation eliminates the liability of a director to us or our stockholders for monetary damages for such a breach of fiduciary duty as a director, except for liabilities arising:

 

 from any breach of the director’s duty of loyalty to us or our stockholders;
   
 from acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law;
   
 under Section 174 of the Delaware General Corporation Law;DGCL; or
   
 from any transaction from which the director derived an improper personal benefit.

 

We carry insurance policies insuring our directors and officers against certain liabilities that they may incur in their capacity as directors and officers.

In addition, we have entered into indemnification agreements with each of our current directors and executive officers. These agreements require us to indemnify these individuals toprovide for the fullest extent permitted under Delaware lawindemnification of such persons for all reasonable expenses and liabilities incurred in connection with any action or proceeding brought against liabilities that may arisethem by reason of the fact that they are or were serving in such capacity. We believe that these indemnification agreements are necessary to attract and retain qualified persons as directors and officers. Furthermore, we have obtained director and officer liability insurance to cover liabilities our directors and officers may incur in connection with their serviceservices to us and to advance expenses incurred as a result of any proceeding against them as to which they could be indemnified. us.

We also intend to enter into indemnification agreements withmaintain general liability insurance which covers certain liabilities of our future directors and executive officers.officers arising out of claims based on acts or omissions in their capacities as directors or officers, including liabilities under the Securities Act of 1933, as amended.

12

 

Item 16. Exhibits

 

The exhibits to this registration statement are listed in the Exhibit Index to this registration statement, which Exhibit Index is hereby incorporated by reference.

    Incorporated by Reference
Exhibit No. Description Form File No. Exhibit 

Filing

Date

           
2.1 Agreement and Plan of Merger, among Ritter Pharmaceuticals, Inc., RPG28 Merger Sub, Inc. and Qualigen, Inc., dated January 15, 2020 8-K 001-37428 2.1 January 21, 2020
           
2.2 Amendment No. 1 to Agreement and Plan of Merger among Ritter Pharmaceuticals, Inc., RPG28 Merger Sub, Inc. and Qualigen, Inc., dated February 1, 2020 S-4 333-236235 Annex B April 6, 2020
           
2.3 Amendment No. 2 to Agreement and Plan of Merger among Ritter Pharmaceuticals, Inc., RPG28 Merger Sub, Inc. and Qualigen, Inc., dated March 26, 2020 S-4 333-236235 Annex C April 6, 2020
           
2.4 Contingent Value Rights Agreement, dated May 22, 2020, among the Company, John Beck in the capacity of CVR Holders’ Representative and Andrew J. Ritter in his capacity as a consultant to the Company. 8-K 001-37428 2.4 May 29, 2020
           
4.1 Amended and Restated Certificate of Incorporation 8-K 001-37428 3.1 July 1, 2015
           
4.2 Certificate of Amendment to the Amended and Restated Certificate of Incorporation 8-K 001-37428 3.1 September 15, 2017
           
4.3 Certificate of Amendment to the Amended and Restated Certificate of Incorporation 8-K 001-37428 3.1 March 22, 2018
           
4.4 Certificate of Designation of Preferences, Rights and Limitations of Series Alpha Preferred Stock of the Company, filed with the Delaware Secretary of State on May 20, 2020 8-K 001-37428 3.1 May 29, 2020
           
4.5 Certificate of Amendment to the Certificate of Incorporation of the Company, filed with the Delaware Secretary of State on May 22, 2020 [reverse stock split] 8-K 001-37428 3.2 May 29, 2020
           
4.6 Certificate of Merger, filed with the Delaware Secretary of State on May 22, 2020 8-K 001-37428 3.3 May 29, 2020
           
4.7 Certificate of Amendment to the Certificate of Incorporation of the Company, filed with the Delaware Secretary of State on May 22, 2020 [name change] 8-K 001-37428 3.4 May 29, 2020
           
4.8 Amended and Restated Bylaws of the Company, through August 10, 2021 10-Q 001-37428 3.8 August 16, 2021
           
4.9 Warrant Agency Agreement between Ritter Pharmaceuticals, Inc. and Corporate Stock Transfer, Inc. and Form of Warrant Certificate 8-K 001-37428 4.1 October 4, 2017
           
4.10 First Amendment to Warrant Agency Agreement between Ritter Pharmaceuticals, Inc. and Corporate Stock Transfer, Inc. 8-K 001-37428 4.1 May 7, 2018
           
4.11 Second Amendment to Warrant Agency Agreement between the Company and Equiniti Group plc, dated November 9, 2020 10-K 001-37428 4.3 March 31, 2021
           
4.12 Warrant, issued by the Company in favor of Alpha Capital Anstalt, dated May 22, 2020 [post-Merger] 8-K 001-37428 10.13 May 29, 2020
           
4.13 Form of Warrant, issued by the Company in favor of GreenBlock Capital LLC and its designees, dated May 22, 2020 [post-Merger] 8-K 001-37428 10.10 May 29, 2020
4.14 Common Stock Purchase Warrant for 1,920,768 shares in favor of Alpha Capital Anstalt, dated July 10, 2020 8-K 001-37428 10.2 July 10, 2020
           
4.15 Pre-Funded Common Stock Purchase Warrant for 1,920,768 shares in favor of Alpha Capital Anstalt, dated July 10, 2020 8-K 001-37428 10.3 July 10, 2020
           
4.16 Common Stock Purchase Warrant for 1,287,829 shares in favor of Alpha Capital Anstalt, dated August 4, 2020 8-K 001-37428 10.3 August 4, 2020
           
4.17 “Two-Year” Common Stock Purchase Warrant for 1,348,314 shares in favor of Alpha Capital Anstalt, dated December 18, 2020 8-K 001-37428 10.3 December 18, 2020
           
4.18 “Deferred” Common Stock Purchase Warrant for 842,696 shares in favor of Alpha Capital Anstalt, dated December 18, 2020 8-K 001-37428 10.4 December 18, 2020
           
4.19 “Prefunded” Common Stock Purchase Warrant for 1,000,000 shares in favor of Alpha Capital Anstalt, dated December 18, 2020 8-K 001-37428 10.5 December 18, 2020
           
4.20 Form of liability classified Warrant to Purchase Common Stock (“exploding warrant”) 10-K 001-37428 4.13 March 31, 2021
           
4.13 Form of “service provider” (non-“exploding”) compensatory equity classified Warrant 10-K 001-37428 4.14 March 31, 2021
           
4.14 Description of Common Stock 10-K 001-37428 4.7 March 31, 2020
           
4.15 Amended and Restated Common Stock Purchase Warrant to GreenBlock Capital LLC (300,000 shares) 10-Q 

001-

37428

  4.15 May 13, 2022
           
4.16 Amended and Restated Common Stock Purchase Warrant to Christopher Nelson (300,000 shares)  10-Q 001-37428  4.16 May 13, 2022
           
5.1 Opinion of Reed Smith LLP       Filed herewith
           
23.1 Consent of Reed Smith LLP (included in the opinion filed as Exhibit 5.1)       Filed herewith
           
23.2 Consent of Baker Tilly US, LLP       Filed herewith
           
24.1 Power of Attorney (included on the signature page hereto).       Filed herewith
           
107 Filing Fee Table       Filed herewith

 

Item 17. Undertakings

 

(a) The undersigned registrant hereby undertakes:

 

(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:

 

(i) Toto include any prospectus required by sectionSection 10(a)(3) of the Securities Act of 1933;

 

(ii) Toto reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a 20% change in the maximum aggregate offering price set forth in the “Calculation of Registration Fee” table in the effective registration statement; and

 

(iii) Toto include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement;statement.

Provided, however, that paragraphs (1)(i), (1)(ii) and (1)(iii) do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the registrant pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 that are incorporated by reference in the registration statement, or is contained in a form of prospectus filed pursuant to Rule 424(b) that is part of the registration statement.

 

(2) That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initialbona fide offering thereof.

 

(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.

 

(4) That, for the purpose of determining liability under the Securities Act of 1933 to any purchaser:

20

(i) Each prospectus filed by the registrant pursuant to Rule 424(b)(3) shall be deemed to be part of the registration statement as of the date the filed prospectus was deemed part of and included in the registration statement; and

 

(ii) Each prospectus required to be filed pursuant to Rule 424(b)(2), (b)(5), or (b)(7) as part of a registration statement in reliance on Rule 430B relating to an offering made pursuant to Rule 415(a)(1)(i), (vii), or (x) for the purpose of providing the information required by sectionSection 10(a) of the Securities Act of 1933 shall be deemed to be part of and included in the registration statement as of the earlier of the date such form of prospectus is first used after effectiveness or the date of the first contract of sale of securities in the offering described in the prospectus. As provided in Rule 430B, for liability purposes of the issuer and any person that is at that date an underwriter, such date shall be deemed to be a new effective date of the registration statement relating to the securities in the registration statement to which that prospectus relates, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. Provided, however, that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such effective date, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such effective date.

(5) Each prospectus filed pursuant to Rule 424(b) as part of a registration statement relating to an offering, other than registration statements relying on Rule 430B or other than prospectuses filed in reliance on Rule 430A (§230.430A of this chapter), shall be deemed to be part of and included in the registration statement as of the date it is first used after effectiveness; provided, however, that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such first use, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such date of first use.

 

(5)(6) That, for the purpose of determining liability of the registrant under the Securities Act of 1933, to any purchaser in the initial distribution of the securities, in a primary offering of securities of the undersigned registrant pursuant to this registration statement, regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, the undersigned registrant will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser:

(i) Any preliminary prospectus or prospectus of the undersigned registrant relating to the offering required to be filed pursuant to Rule 424;

(ii) Any free writing prospectus relating to the offering prepared by or on behalf of the undersigned registrant or used or referred to by the undersigned registrant;

(iii) The portion of any other free writing prospectus relating to the offering containing material information about the undersigned registrant or its securities provided by or on behalf of the undersigned registrant; and

(iv) Any other communication that is an offer in the offering made by the undersigned registrant to the purchaser.

(b) The undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each filing of the registrant’s annual report pursuant to sectionSection 13(a) or sectionSection 15(d) of the Securities Exchange Act of 1934 (and, where applicable, each filing of an employee benefit plan’s annual report pursuant to section 15(d) of the Securities Exchange Act of 1934) that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

 

(c)(7) Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act of 1933 and will be governed by the final adjudication of such issue.

(d) The undersigned registrant hereby undertakes to file an application for the purpose of determining the eligibility of the trustee to act under subsection (a) of Section 310 of the Trust Indenture Act (“Act”) in accordance with the rules and regulations prescribed by the Commission under section 305(b)(2) of the Act.

21

SIGNATURES

 

Pursuant to the requirements of the Securities Act of 1933, as amended, the Companyregistrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8S-3 and has duly caused this Registration Statementregistration statement to be signed on its behalf by the undersigned, thereunto duly authorized, thereto duly authorized, in the City of Los Angeles,Carlsbad, State of California, on August 11, 2016.June 17, 2022.

 

 RITTER PHARMACEUTICALS,QUALIGEN THERAPEUTICS, INC.
   
 By:/s/ Michael D. StepS. Poirier
  Michael D. StepS. Poirier
  Chairman of the Board, Chief Executive Officer and President

 

POWER OF ATTORNEY

 

KNOW ALL MENPERSONS BY THESE PRESENTS, that each of the undersigned directorsperson whose signature appears below constitutes and officers of Ritter Pharmaceuticals, Inc. hereby appoints Michael D. Step, Andrew J. RitterPoirier, Amy Broidrick and Ira E. Ritter,Christopher Lotz, and each of them, acting singly, as his or her true and lawful attorney-in-factattorneys-in-fact and agent,agents, with full powers of substitution and resubstitution, for him or herthem and in his or hertheir name, place and stead, with full powerin any and all capacities, to act alone, to sign on his or her behalf and in the capacity set forth below, any and all amendments (including pre-effective and post-effective amendments and supplementsamendments) to this Registration Statement on Form S-8registration statement, and to sign any registration statement for the same offering covered by this registration statement that is to be effective upon filing pursuant to Rule 462 under the Securities Act of 1933, as amended, and to file each such amendment and post-effective amendment and supplements to this Registration Statement,the same, with all exhibits thereto, and any and all other documents in connection therewith, with the Securities and Exchange Commission, herebyand generally to do all such things in their names and behalf in their capacities as officers and directors to enable Qualigen Therapeutics, Inc. to comply with the provisions of the Securities Act of 1933, as amended, and all requirements of the Securities and Exchange Commission, granting unto said attorney-in-factattorneys-in-fact and agentagents, and each of them, full power and authority to do and perform anyeach and all actsevery act and thingsthing requisite and necessary or appropriate to be done in and about the premisesconnection therewith, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorney-in-factattorneys-in-fact and agentagents, or any of them, or their or his substitutes or substitute, may lawfully do or cause to be done by virtue hereof.

 

Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statementregistration statement has been signed below by the following persons in the capacities and on the dates indicated.

 

SignatureSignatures Title Date
     
/s/ Michael S. Poirier Chairman of the Board and Chief Executive Officer and DirectorJune 17, 2022
Michael S. Poirier(Principal Executive Officer)
  
/s/ Michael D. StepChristopher L. LotzVice President of Finance, Chief Financial OfficerJune 17, 2022
Christopher L. Lotz (Principal ExecutiveFinancial Officer) August 11, 2016
Michael D. Step
/s/ Amy S. BroidrickDirectorJune 17, 2022
Amy S. Broidrick    
     
/s/ Richard A. David Vice President, FinanceDirectorJune 17, 2022
Richard A. David
  
/s/ Ellen MochizukiSidney W. Emery, Jr. DirectorJune 17, 2022
Sidney W. Emery, Jr.
(Principal Financial and Accounting Officer/s/ Matthew E. Korenberg) August 11, 2016DirectorJune 17, 2022
Ellen MochizukiMatthew E. Korenberg
/s/ Kurt H. KrugerDirectorJune 17, 2022
Kurt H. Kruger    
     
/s/ Ira E. Ritter Executive Chairman, Chief Strategic Officer and Director August 11, 2016June 17, 2022
Ira E. Ritter    
/s/ Andrew J. RitterPresident and DirectorAugust 11, 2016
Andrew J. Ritter
/s/ Noah DoyleDirectorAugust 11, 2016
Noah Doyle
/s/ Matthew W. FoehrDirectorAugust 11, 2016
Matthew W. Foehr
/s/ Paul V. MaierDirectorAugust 11, 2016
Paul V. Maier
/s/ Gerald T. ProehlDirectorAugust 11, 2016
Gerald T. Proehl

 

2216

EXHIBIT INDEX

    Incorporated by Reference
Exhibit
No.
 Description Form File No. Exhibit Filing Date
1.1* Form of Underwriting Agreement        
4.1 Form of Common Stock Certificate of Ritter Pharmaceuticals, Inc. S-1/A 333-202924 4.1 5/22/2015
4.2 Amended and Restated Investors’ Rights Agreement, dated as of November 17, 2010, by and among Ritter Pharmaceuticals, Inc. and the persons and entities named therein S-1 333-202924 4.2 3/23/2015
4.3 Amendment No. 1 to the Amended and Restated Investors’ Rights Agreement, dated as of January 13, 2011, by and among Ritter Pharmaceuticals, Inc. and the persons and entities named therein S-1 333-202924 4.3 3/23/2015
4.4 Amendment No. 2 to the Amended and Restated Investors’ Rights Agreement, dated as of February 6, 2012, by and among Ritter Pharmaceuticals, Inc. and the persons and entities named therein S-1 333-202924 4.4 3/23/2015
4.5 Amendment No. 3 to the Amended and Restated Investors’ Rights Agreement, dated as of December 4, 2014, by and among Ritter Pharmaceuticals, Inc. and the persons and entities named therein S-1 333-202924 4.5 3/23/2015
4.6 Amendment No. 4 to the Amended and Restated Investors’ Rights Agreement, by and among Ritter Pharmaceuticals, Inc. and the persons and entities named therein S-1 333-208818 4.6 12/31/2015
4.7 Form of Common Stock Purchase Warrant S-1 333-208818 4.7 12/31/2015
4.8 Form of Representative’s Warrant Agreement S-1/A 333-202924 4.7 5/8/2015
4.9 Registration Rights Agreement, dated December 18, 2015, by and between Ritter Pharmaceuticals, Inc. and Aspire Capital Fund, LLC 8-K 001-37428 4.1 12/21/2015
4.10* Certificate of designation, preferences and rights with respect to any preferred stock issued hereunder.        
4.11* Form of Senior Debt Security        
4.12* Form of Subordinated Debt Security        
4.13 Form of Senior Indenture        
4.14 Form of Subordinated Indenture        
4.15* Form of Warrant Agreement and Warrant Certificate        
4.16* Form of Rights Agreement and Right Certificate        
4.17* Form of Purchase Contract        
4.18* Form of Unit Agreement and Unit        
5.1 Opinion of Reed Smith LLP with respect to the legality of the securities being registered.        
12.1 Computation of Ratio of Earnings to Fixed Charges        
23.1 Consent of Mayer Hoffman McCann P.C., independent registered public accounting firm        
23.2 Consent of Reed Smith LLP (included in Exhibit 5.1)        
24.1 Power of Attorney (included on applicable signature pages)        
25.1* 

The Statement of Eligibility on Form T-1 under the Trust Indenture Act of 1939, as amended, of the Trustee under the Senior Indenture will be incorporated herein by reference from a subsequent filing in accordance with Section 305(b)(2) of the Trust Indenture Act of 1939

        
25.2* 

The Statement of Eligibility on Form T-1 under the Trust Indenture Act of 1939, as amended, of the Trustee under the Subordinated Indenture will be incorporated herein by reference from a subsequent filing in accordance with Section 305(b)(2) of the Trust Indenture Act of 1939

        

* To be filed by amendment or as an exhibit to a report pursuant to Section 13(a), 13(c) or 15(d) of the Exchange Act.

23