Bio-Path Holdings, Inc. - Form 8-K Filing Summary

Bio-Path Holdings, Inc. has announced a strategic repositioning to foster growth, including the addition of scientific advisors and engagement of advisors to connect with strategic and financial investors. The company has also canceled a previously approved 1-for-30 reverse stock split. In a separate development, the Board of Directors and Control Shareholder approved the launch of a digital asset treasury 2.0 (DAT 2.0), utilizing AI for trading and accumulating cryptocurrencies across various blockchains. An account will be opened with Coinbase or a similar exchange for cryptocurrency transactions. Additionally, the Board approved the assignment of up to $10,000,000.00 of a judgment awarded to CEO Vikram Grover against Net Savings Link, Inc. This assignment will be paid in Company Notes, Preferred Stock, or Common Shares, with the intent of benefiting shareholders. However, the successful acquisition of custodianship over the judgment is not guaranteed.