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180 Life Sciences Corp.

CIK: 16900802 Annual ReportsLatest: 2025-05-08

10-K / May 8, 2025

Revenue:N/A
Income:-$6,168,177

10-K / April 29, 2024

Revenue:N/A
Income:-$19,935,112

10-K / May 8, 2025

Company Summary: 180 Life Sciences Corp.

Overview:

  • 180 Life Sciences Corp. is a biotechnology company focused on developing therapeutics for autoimmune and inflammatory diseases.
  • The company has a specific focus on its α7nAChR platform, which relates to neurological and immunological research.

Corporate Structure & History:

  • Formed through a business combination that closed on November 6, 2020, involving KBL and several subsidiaries, including 180, Katexco Pharmaceuticals, CannBioRex Pharmaceuticals, and 180 Therapeutics.
  • The company’s headquarters is located in Palo Alto, California.
  • Its legal structure is a Delaware corporation with IRS Employer Identification No. 90-1890354.

By the Numbers (as of March 31, 2025):

  • Total shares issued and outstanding: approximately 5,185,780 shares of common stock, including 1,318,000 shares issuable upon conversion of Series B Convertible Preferred Stock (being issued on April 1, 2025).
  • Market value of outstanding shares held by non-affiliates (as of last completed second fiscal quarter): approximately $1,548,662.

Securities:

  • Common Stock traded on Nasdaq Capital Market under the symbol: ATNF
  • Warrants to purchase shares of common stock traded under the symbol: ATNFW

Employees & Management:

  • The company has a small executive team, including:
    • Blair Jordan, CEO and Director, age 56
    • Eric R. Van Lent, Chief Accounting Officer, age 42

Financial Information:

  • The filing does not include specific revenue, net income, or operational metrics.
  • The document emphasizes that this is an Annual Report (Form 10-K), but no detailed financial data such as revenue, profit, or number of customers is provided in the excerpt.

Business Focus & Development:

  • The company's primary activity is developing and commercializing therapeutics based on its α7nAChR platform.
  • The company is engaged in research and development activities related to autoimmune, neurological, and inflammatory diseases.
  • It promotes responsible corporate governance, risk oversight, and compliance, with a board divided into two classes for staggered terms.

Additional Details:

  • The company claims to be a smaller reporting company and an emerging growth company.
  • It is not a well-known seasoned issuer and is not required to file certain reports under SEC regulations.
  • The company has a Board of Directors with diverse backgrounds including biomedical research, finance, and international business.

Note: Specific data about the number of customers, total revenue, and operational income are not provided in the document. The summary is based solely on the provided SEC filing excerpt.