---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-011732"
form_type: "8-K"
ticker: "AIXC"
cik: "0001460702"
company_name: "AIxCrypto Holdings, Inc."
filed_at: "2024-03-28T23:59:59+00:00"
generated_at: "2026-06-04T06:01:20.370859+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Qualigen's RAS inhibitor out-license deal with Pan-RAS terminated without closing

## Summary
- Pan-RAS Holdings failed to close by March 16, 2024; license agreement terminated without liability to either party.
- QLGN will not receive the $1 million upfront cash payment nor future milestone and royalty payments from Pan-RAS.
- The agreement was effectively a 30-day option; Pan-RAS was unable to effectuate the closing within that period.
- QLGN retains full rights to its RAS inhibitor program; no termination penalties incurred.

## SEC filing metadata
- accession: 0001493152-24-011732
- form_type: 8-K
- ticker: AIXC
- cik: 0001460702
- company_name: AIxCrypto Holdings, Inc.
- filed_at: 2024-03-28T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1460702/000149315224011732/0001493152-24-011732-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1460702/000149315224011732/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-011732
- JSON: https://secwatch.observer/filing/0001493152-24-011732.json
- Plain text: https://secwatch.observer/filing/0001493152-24-011732.txt

## Key facts
- Material Agreements
  AIxCrypto Holdings, Inc. terminated License and Sublicense Agreement with Pan-RAS Holdings, Inc. (effective 2024-03-25).
  - Action: termination
  - Agreement: license
  - Counterparty: Pan-RAS Holdings, Inc.
  - Effective: 2024-03-25
  source text: On March 25, 2024, as of March 16, 2024, we entered into a Termination Agreement with Pan-RAS Holdings, Inc., a New York corporation (“ Pan-RAS Holdings ”). The Termination Agreement terminated, without liability on either party, the License and Sublicense Agreement dated February 15, 2024 between us and Pan-RAS Holdings (the “ License and Sublicense Agreement ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1460702/000149315224011732/0001493152-24-011732-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.