secwatch / observer
8-K filed May 2, 2024, 7:59 PM ET CIK 0001310527
M&A confidence high sentiment neutral materiality 1.00

QSAM Biosciences acquired by Telix; shareholders get 1,744 Telix shares + 2,000 CVRs per share

QSAM Biosciences, Inc.

Machine-readable event card

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secwatch.filing_event.v1
accession
0001493152-24-017523
form_type
8-K
ticker
null
cik
0001310527
company_name
QSAM Biosciences, Inc.
filed_at
2024-05-02T23:59:59+00:00
discovered_at
2026-05-14T18:03:17.791623+00:00
generated_at
2026-06-03T00:06:19.288608+00:00
sec_items
["2.01", "3.03", "5.01", "5.02", "5.03", "9.01"]
event_type
m_and_a
sentiment
neutral
materiality_score
1.0
calibrated_materiality_score
1.0
confidence
high
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https://secwatch.observer/filing/0001493152-24-017523
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https://secwatch.observer/filing/0001493152-24-017523.md
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https://secwatch.observer/filing/0001493152-24-017523.txt
edgar_index_url
https://www.sec.gov/Archives/edgar/data/1310527/000149315224017523/0001493152-24-017523-index.htm
edgar_primary_document_url
https://www.sec.gov/Archives/edgar/data/1310527/000149315224017523/form8-k.htm
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corrected
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null
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superseded_by
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Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Darren Smith

Director
QSAM Biosciences, Inc.
Effective
2024-05-02
Filed
May 2, 2024, 7:59 PM ET
Kevin Richardson and Darren Smith became the directors of the surviving corporation.
Departed

C. Richard Piazza

Executive Chairman
QSAM Biosciences, Inc.
Effective
2024-05-02
Filed
May 2, 2024, 7:59 PM ET
each of Douglas Baum, QSAM's Chief Executive Officer, C. Richard Piazza, QSAM's Executive chairman, Adam King, QSAM's Chief Financial Officer, and Christopher Nelson, QSAM's General Counsel, ceased to be an executive officer
Departed

Douglas R. Baum

Director
QSAM Biosciences, Inc.
Effective
2024-05-02
Filed
May 2, 2024, 7:59 PM ET
C. Richard Piazza, Douglas R. Baum, Charles J. Link, Jr., Adriann Sax, each resigned and ceased serving as directors.
Appointed

Kevin Richardson

Director
QSAM Biosciences, Inc.
Effective
2024-05-02
Filed
May 2, 2024, 7:59 PM ET
Kevin Richardson and Darren Smith became the directors of the surviving corporation.
Departed

Douglas R. Baum

Chief Executive Officer
QSAM Biosciences, Inc.
Effective
2024-05-02
Filed
May 2, 2024, 7:59 PM ET
each of Douglas Baum, QSAM's Chief Executive Officer, C. Richard Piazza, QSAM's Executive chairman, Adam King, QSAM's Chief Financial Officer, and Christopher Nelson, QSAM's General Counsel, ceased to be an executive officer
Departed

Christopher Nelson

General Counsel
QSAM Biosciences, Inc.
Effective
2024-05-02
Filed
May 2, 2024, 7:59 PM ET
each of Douglas Baum, QSAM's Chief Executive Officer, C. Richard Piazza, QSAM's Executive chairman, Adam King, QSAM's Chief Financial Officer, and Christopher Nelson, QSAM's General Counsel, ceased to be an executive officer
Departed

Adam King

Chief Financial Officer
QSAM Biosciences, Inc.
Effective
2024-05-02
Filed
May 2, 2024, 7:59 PM ET
each of Douglas Baum, QSAM's Chief Executive Officer, C. Richard Piazza, QSAM's Executive chairman, Adam King, QSAM's Chief Financial Officer, and Christopher Nelson, QSAM's General Counsel, ceased to be an executive officer
Departed

Charles J. Link, Jr.

Director
QSAM Biosciences, Inc.
Effective
2024-05-02
Filed
May 2, 2024, 7:59 PM ET
C. Richard Piazza, Douglas R. Baum, Charles J. Link, Jr., Adriann Sax, each resigned and ceased serving as directors.
Departed

Adriann Sax

Director
QSAM Biosciences, Inc.
Effective
2024-05-02
Filed
May 2, 2024, 7:59 PM ET
C. Richard Piazza, Douglas R. Baum, Charles J. Link, Jr., Adriann Sax, each resigned and ceased serving as directors.
Departed

C. Richard Piazza

Director
QSAM Biosciences, Inc.
Effective
2024-05-02
Filed
May 2, 2024, 7:59 PM ET
C. Richard Piazza, Douglas R. Baum, Charles J. Link, Jr., Adriann Sax, each resigned and ceased serving as directors.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Darren Smith was appointed as Director at QSAM Biosciences, Inc..

Action
became director
Role
Director
Exact text from the filing
Kevin Richardson and Darren Smith became the directors of the surviving corporation.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

C. Richard Piazza departed as Executive Chairman at QSAM Biosciences, Inc..

Action
ceased to be an executive officer
Role
Executive Chairman
Exact text from the filing
each of Douglas Baum, QSAM's Chief Executive Officer, C. Richard Piazza, QSAM's Executive chairman, Adam King, QSAM's Chief Financial Officer, and Christopher Nelson, QSAM's General Counsel, ceased to be an executive officer
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Douglas R. Baum resigned as Director at QSAM Biosciences, Inc..

Action
resigned
Role
Director
Exact text from the filing
C. Richard Piazza, Douglas R. Baum, Charles J. Link, Jr., Adriann Sax, each resigned and ceased serving as directors.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Kevin Richardson was appointed as Director at QSAM Biosciences, Inc..

Action
became director
Role
Director
Exact text from the filing
Kevin Richardson and Darren Smith became the directors of the surviving corporation.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Douglas R. Baum departed as Chief Executive Officer at QSAM Biosciences, Inc..

Action
ceased to be an executive officer
Role
Chief Executive Officer
Exact text from the filing
each of Douglas Baum, QSAM's Chief Executive Officer, C. Richard Piazza, QSAM's Executive chairman, Adam King, QSAM's Chief Financial Officer, and Christopher Nelson, QSAM's General Counsel, ceased to be an executive officer
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Christopher Nelson departed as General Counsel at QSAM Biosciences, Inc..

Action
ceased to be an executive officer
Role
General Counsel
Exact text from the filing
each of Douglas Baum, QSAM's Chief Executive Officer, C. Richard Piazza, QSAM's Executive chairman, Adam King, QSAM's Chief Financial Officer, and Christopher Nelson, QSAM's General Counsel, ceased to be an executive officer
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Adam King departed as Chief Financial Officer at QSAM Biosciences, Inc..

Action
ceased to be an executive officer
Role
Chief Financial Officer
Exact text from the filing
each of Douglas Baum, QSAM's Chief Executive Officer, C. Richard Piazza, QSAM's Executive chairman, Adam King, QSAM's Chief Financial Officer, and Christopher Nelson, QSAM's General Counsel, ceased to be an executive officer
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Charles J. Link, Jr. resigned as Director at QSAM Biosciences, Inc..

Action
resigned
Role
Director
Exact text from the filing
C. Richard Piazza, Douglas R. Baum, Charles J. Link, Jr., Adriann Sax, each resigned and ceased serving as directors.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Adriann Sax resigned as Director at QSAM Biosciences, Inc..

Action
resigned
Role
Director
Exact text from the filing
C. Richard Piazza, Douglas R. Baum, Charles J. Link, Jr., Adriann Sax, each resigned and ceased serving as directors.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

C. Richard Piazza resigned as Director at QSAM Biosciences, Inc..

Action
resigned
Role
Director
Exact text from the filing
C. Richard Piazza, Douglas R. Baum, Charles J. Link, Jr., Adriann Sax, each resigned and ceased serving as directors.
View on SEC.gov
Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

QSAM Biosciences, Inc.: Amended and restated bylaws in the form of Merger Sub I's bylaws with name change.

Change
bylaw amendment
Exact text from the filing
At the First Effective Time, QSAM’s Amended and Restated Bylaws were amended and restated in the form of the bylaws of Merger Sub I as in effect immediately prior to the First Effective Time (with appropriate name change) (" Second Amended and Restated Bylaws ").
View on SEC.gov
Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

QSAM Biosciences, Inc.: Amended and restated certificate of incorporation, renaming the company to Telix QSAM, Inc.

Change
charter amendment
Exact text from the filing
At First Effective Time, QSAM’s Amended and Restated Certificate of Incorporation was amended and restated, pursuant to which QSAM was renamed to Telix QSAM, Inc. (" Second Amended and Restated Certificate of Incorporation ").
View on SEC.gov
M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

QSAM Biosciences, Inc. underwent a change of control involving Telix Pharmaceuticals Limited for USD $33.1 million, reduced by certain expenses, indebtedness, change-of-control bonuses, and other payables, plus contingent value rights representing up to USD (closed 2024-05-02).

Action
change of control
Counterparty
Telix Pharmaceuticals Limited
Consideration
USD $33.1 million, reduced by certain expenses, indebtedness, change-of-control bonuses, and other payables, plus contingent value rights representing up to USD
Closing
2024-05-02
Exact text from the filing
Pursuant to the terms of the Merger Agreement and the Reverse Split, the aggregate consideration paid by Telix pursuant to the Merger and the Reverse Split was equal to: (i) USD $33.1 million, reduced by (a) the amount of certain of QSAM’s unpaid expenses, indebtedness, change-of-control bonuses, and other payables as of the closing of the Merger, (b) a fee equal to
View on SEC.gov

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same fact type: governance_change, ma_transaction same SEC item: 2.01, 3.03, 5.01, 5.02, 5.03, 9.01 same event type: m_and_a similar materiality

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At the First Effective Time, QSAM’s Amended and Restated Bylaws were amended and restated in the form of the bylaws of Merger Sub I as in effect immediately prior to the First Effective Time (with appropriate name change) (" Second Amended and Restated Bylaws ").

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Source: SEC EDGAR
accession 0001493152-24-017523

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.