Klotho Neuroscience Inc.

03/10/2026 | Press release | Distributed by Public on 03/10/2026 15:00

Material Agreement, Asset Transaction, Private Placement (Form 8-K)

Item 1.01 - Entry into Material Agreement

On March 4, 2026, Klotho Neurosciences, Inc. (the "Company") entered into an Agreement and Plan of Merger (the "Merger Agreement") with Greenland Mines Corp., a Delaware corporation ("Greenland Mines"). Pursuant to the terms of the Merger Agreement, at the closing, Greenland Mines will merge into GM Merger Sub, Inc., a Delaware corporation and wholly-owned subsidiary of the Company ("Merger Sub"), with Greenland Mines being the surviving entity. Pursuant to the Merger Agreement, as consideration for the Merger, the stockholders of Greenland Mines will receive a total of 47,000 newly issued shares of the Company's Series C Preferred Stock. In addition, the stockholders of Greenland Mines have the right to designate one individual to join the Company's Board of Directors. The Merger Agreement also contains customary representations and warranties of the parties.

The foregoing description of the Merger Agreement does not purport to be complete and is qualified in its entirety by reference to the Merger Agreement, a copy of which is filed herewith as Exhibit 10.1 and incorporated herein by reference.

Item 2.01 - Completion of Acquisition or Disposition of Assets

On March 4, 2026 (the "Closing Date"), at the closing of the Merger Agreement, Merger Sub merged into Greenland Mines, with Greenland Mines being the surviving entity (the "Subsidiary Merger"). As a result of the Subsidiary Merger, Greenland Mines became a wholly-owned subsidiary of the Company (the "Merger Transaction"). The Merger Transaction did not result in a change of control of the Company or a change in the executive officers or directors of the Company.

Greenland Mines, pursuant to the terms of a Subscription, Joint Venture and Option Agreement (the "Mining Agreement"), owns an 80% interest in Major Precious Greenland A/S, a Denmark corporation (the "Major Precious"). Major Precious is the sole owner of certain mineral properties in Greenland known as the Skaergaard Project. The Mining Agreement provides Greenland Mines with an option to acquire the remaining 20% interest in Major Precious.

A 2022 Canadian NI 43-101 Technical Report on the Skaergaard Project issued by SLR Consulting Limited established a Total Indicated and Inferred Resource of 364.37 million tons at 2.17 g/t PdEq, with the Indicated category alone at 158.95 million tons grading 2.22 g/t PdEq. This constitutes 25.4 million ounces of palladium equivalent ("Moz PdEq") and 23.5 million ounces of gold equivalent ("Moz AuEq") in combined Indicated and Inferred Resource categories at the effective date of the Canadian NI 43-101 Technical Report. Pursuant to the terms of the Mining Agreement, the Government of Greenland is entitled to a 2.5% royalty payable when the Skaergaard Project reaches the production stage.

These mineral resource estimates stated above were prepared by SLR Consulting Limited in accordance with NI 43-101 and not in accordance with the requirements of Regulation S-K Subpart 1300. The Company has not yet independently verified the mineral resource estimates contained therein. The foregoing description of the Mining Agreement does not purport to be complete and is qualified in its entirety by reference to the Mining Agreement, a copy of which is filed herewith as Exhibit 10.2 and incorporated herein by reference.

Item 3.02 - Unregistered Sales of Equity Securities

On March 4, 2026, the Company issued to the former stockholders of Greenland Mines, a total of 47,000 shares of the Company's Series C Preferred Stock as consideration for the Merger Transaction.

Klotho Neuroscience Inc. published this content on March 10, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on March 10, 2026 at 21:01 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]