<SEC-DOCUMENT>0001654954-17-009357.txt : 20171012
<SEC-HEADER>0001654954-17-009357.hdr.sgml : 20171012
<ACCEPTANCE-DATETIME>20171012150040
ACCESSION NUMBER:		0001654954-17-009357
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20171010
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20171012
DATE AS OF CHANGE:		20171012

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GT Biopharma, Inc.
		CENTRAL INDEX KEY:			0000109657
		STANDARD INDUSTRIAL CLASSIFICATION:	PHARMACEUTICAL PREPARATIONS [2834]
		IRS NUMBER:				941620407
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-08092
		FILM NUMBER:		171134382

	BUSINESS ADDRESS:	
		STREET 1:		100 SOUTH ASHLEY DRIVE
		STREET 2:		SUITE 600
		CITY:			TAMPA
		STATE:			FL
		ZIP:			33602
		BUSINESS PHONE:		(800) 304-9888

	MAIL ADDRESS:	
		STREET 1:		100 SOUTH ASHLEY DRIVE
		STREET 2:		SUITE 600
		CITY:			TAMPA
		STATE:			FL
		ZIP:			33602

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	OXIS INTERNATIONAL INC
		DATE OF NAME CHANGE:	19940916

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DDI PHARMACEUTICALS INC
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DIAGNOSTIC DATA INC /DE/
		DATE OF NAME CHANGE:	19850312
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>gtbp_8k.htm
<DESCRIPTION>CURRENT REPORT
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UNITED STATES</font></div>
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SECURITIES AND EXCHANGE COMMISSION</font></div>
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Washington, D. C. 20549</font></div>
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FORM 8-K</font></div>
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CURRENT REPORT</font></div>
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Pursuant to Section 13 Or 15(d) of the</font></div>
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Securities Exchange Act of 1934</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Date of
Report (Date of earliest event reported): October 10,
2017</font></div>
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GT Biopharma, Inc.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">(Exact
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Delaware</font></div>
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000-08092</font></div>
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94-1620407</font></div>
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100 South Ashley Drive</font></div>
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Suite 600</font></div>
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Tampa, FL 33602</font></div>
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of</font></div>
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N/A</font></div>
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under any of the following provisions (see General Instruction A.2.
below):</font></div>
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by check <font style="color: #000000">mark whether the registrant
is an</font> emerging growth company as defined in in Rule 405 of
the Securities Act of 1933 (&#xA7;230.405 of this chapter) or Rule
12b-2 of the Securities Exchange Act of 1934 (&#xA7;240.12b-2 of
this chapter).</font></div>
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growth company&#xA0;<font style="font-family: Times New Roman">&#x2610;</font>&#xA0;&#xA0;</font></div>
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emerging growth company, indicate by checkmark if the registrant
has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided
pursuant to Section 13(a) of the Exchange Act.&#xA0;&#xA0;
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<font style="color: #000000; background-color: #FFFFFF; font-weight: bold; font-family: Times New Roman; font-size: 13px">
ITEM 1.01 Amendment of Material Definitive Agreements.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="color: #000000; background-color: #FFFFFF; font-family: Times New Roman; font-size: 13px">
During the last week of August 2017, the Company entered into
various agreements (the &#x201C;Agreements&#x201D;), that resulted in
the retirement of the then outstanding debentures, preferred stock
and warrants for the purchase of common stock, previously issued by
the Company (the &#x201C;Old Securities&#x201D;). In exchange for the
Old Securities, the holders of the Old Securities (the
&#x201C;Holders&#x201D;), received newly issued common stock,
warrants for the purchase of common stock and in some cases, shares
of newly issued Series J Preferred Stock convertible into common
stock. The common stock received by the Holders pursuant to the
Agreements together with the common stock issuable upon the
exercise of newly issued warrants and upon the conversion of Series
J Preferred stock is referred to hereinafter as the &#x201C;New
Stock&#x201D;. Pursuant to the Agreements, for a period of one year,
any Holder cannot on any given day sale a larger percentage of the
total common stock of the Company traded on that day than the
percentage of the Holder&#x2019;s New Stock when compared to all New
Stock issued under the Agreements (a Holder&#x2019;s &#x201C;Allotted
Shares&#x201D;).</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="color: #000000; background-color: #FFFFFF; font-family: Times New Roman; font-size: 13px">
Effective October 10, 2017, the Agreements were amended to adjust
New Stock sales restrictions as follows: (1) no New Stock may be
sold for a price of less than $7.00 per share until after November
30, 2017; (2) after December 1, 2017, a Holder&#x2019;s Allotted
Shares for one day may be sold on that day or over the subsequent
five trading days; and (3) all trading restrictions shall terminate
if and when the Company issues any securities for capital raising
purposes.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="color: #000000; background-color: #FFFFFF; font-weight: bold; font-family: Times New Roman; font-size: 13px">
ITEM 9.01 Exhibit.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="color: #000000; background-color: #FFFFFF; font-family: Times New Roman; font-size: 13px">
Attached as <a href="gtbp_ex991.htm">Exhibit 99</a> is a copy of
the press release issued in connection with the modification of
trading restrictions discussed in Item 1.01 above.</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
SIGNATURE PAGE</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Pursuant
to the requirement of the Securities and Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.</font></div>
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<font style="font-weight: bold; font-family: Times New Roman; font-size: 13px">
GT Biopharma, Inc.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Dated:
October 12, 2017</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">/s/
Steven Weldon</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Steven
Weldon</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Chief
Financial Officer</font></div>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>gtbp_ex991.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>
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<font style="color: #000000; font-weight: bold; font-family: Times New Roman; font-size: 13px">
Exhibit 99.1</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="color: #000000">
GT BIOPHARMA ANNOUNCES STOCK SALES AGREEMENT WITH HOLDERS</font>
<font style="color: #000000">OF CONVERTED
SECURITIES</font></font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
WASHINGTON D.C., CA / ACCESSWIRE / OCTOBER 12, 2017 / GT Biopharma
Inc. (GTBP and Euronext Paris GTBP.PA) announced today that persons
who received common stock (&#x201C;Common Stock&#x201D;) upon the
conversion of notes, preferred stock and in some cases upon the
settlement of warrants, during the last week of August 2017, have
amended their conversion agreements so that no Common Stock will be
sold for less than $7.00 per share thru November 30, 2017. Sales
above $7.00 per share are only allowed under the leak out
provisions agreed to in the original conversion documents. Under
the documents, the Common Stock can only be sold based on a
percentage of daily volume.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
&#x201C;This amendment is beneficial to all shareholders in helping
to preserve share value as GT Biopharma continues to progress
towards its goal of moving onto the NASDAQ exchange,&#x201D; said
Executive Chairman Anthony Cataldo.</font></div>
<div><font style="font-family: Times New Roman; font-size: 10">&#xA0;</font></div>
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<font style="color: #000000; font-family: Times New Roman; font-size: 13px">
Further details of Common Stock lock up provisions are disclosed in
the Company&#x2019;s current disclosure on Form 8-K filed with the
Securities and Exchange Commission today.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px"><font style="font-weight: bold">
About GT Biopharma, Inc.</font>: GT Biopharma, Inc. is a
biotechnology company focused on innovative drugs for the treatment
of cancer and CNS diseases (Neurology and Pain) along with other
unmet medical needs. GT&#x2019;s lead oncology drug candidate,
OXS-1550 (DT2219ARL) is a novel bispecific scFv recombinant fusion
protein-drug conjugate composed of the variable regions of the
heavy and light chains of anti-CD19 and anti-CD22 antibodies and a
modified form of diphtheria toxin as its cytotoxic drug payload.
OXS-1550 targets cancer cells expressing the CD19 receptor or the
CD22 receptor or both receptors. When OXS-1550 binds to cancer
cells, the cancer cells internalize the drug and are killed due to
the action of cytotoxic payload. OXS-1550 has demonstrated success
in early human clinical trials in patients with relapsed/refractory
B-cell lymphoma or leukemia. OXS-3550 TriKE technology was
developed by researchers at the University of Minnesota Masonic
Cancer Center. As demonstrated in non-clinical models, this
targeted immunotherapy directs immune cells to kill cancer cells
while diminishing drug-related toxicity. GT&#x2019;s CNS platform is
focused on acquiring or discovering and patenting late-stage,
de-risked, and close-to-market improved treatments for CNS disease
(Neurology and Pain) and shepherding the products through the FDA
approval process to the NDA. The current CNS pipeline products
currently include treatment for neuropathic pain, the symptoms of
myasthenia gravis, and motion sickness.</font></div>
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<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Forward-Looking
Statements:</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Except
for historical information contained herein, the statements in this
release are forward-looking and made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are inherently unreliable and actual
results may differ materially. Examples of forward-looking
statements in this news release include statements regarding the
payment of dividends, marketing and distribution plans, development
activities and anticipated operating results. Factors which could
cause actual results to differ materially from these
forward-looking statements include such factors as the Company's
ability to accomplish its business initiatives, significant
fluctuations in marketing expenses and ability to achieve and
expand significant levels of revenues, or recognize net income,
from the sale of its products and services, as well as the
introduction of competing products, or management's ability to
attract and maintain qualified personnel necessary for the
development and commercialization of its planned products, and
other information that may be detailed from time to time in the
Company's filings with the United States Securities and Exchange
Commission. The Company undertakes no obligation to publicly update
or revise any forward-looking statements, whether as a result of
new information, future events or otherwise.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Company
website:</font></div>
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<font style="text-decoration: underline; font-family: Times New Roman; font-size: 13px">
www.gtbiopharma.com</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">&#xA0;</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">Media
contact:</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">Stuart
Pfeifer, Sitrick &amp; Co.</font></div>
<div style="text-align: left; margin-left: 0px; margin-right: 0px; text-indent: 0px">
<font style="font-family: Times New Roman; font-size: 13px">(310)
788-2850, or <font style="text-decoration: underline">spfeifer@sitrick.com</font></font></div>
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