Form 8-K
8-K — Cadrenal Therapeutics, Inc.
Accession: 0001213900-26-079176
Filed: 2026-07-17
Period: 2026-07-14
CIK: 0001937993
SIC: 2834 (PHARMACEUTICAL PREPARATIONS)
Item: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
Item: Financial Statements and Exhibits
Documents
8-K — ea0298082-8k_cadrenal.htm (Primary)
EX-10.1 — CONFIDENTIAL SEPARATION AGREEMENT AND GENERAL RELEASE, DATED AS OF JULY 9, 2026, BY AND BETWEEN CADRENAL THERAPEUTICS, INC. AND JAMES J. FERGUSON III (ea029808201ex10-1.htm)
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8-K — CURRENT REPORT
8-K (Primary)
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of Report (date of earliest event reported): July 14, 2026
Cadrenal
Therapeutics, Inc.
(Exact
name of registrant as specified in charter)
Delaware
001-41596
88-0860746
(State
or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS
Employer
Identification No.)
822
A1A North, Suite 306
Ponte
Vedra, Florida 32082
(Address
of principal executive offices and zip code)
(904)
300-0701
(Registrant’s
telephone number including area code)
N/A
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of registrant under any
of the following provisions (see General Instruction A.2. below):
☐
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting
material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
Trading
Symbols
Name
of each exchange on which registered
Common
Stock, par value $0.001 per share
CVKD
The
Nasdaq Stock Market LLC
(Nasdaq Capital Market)
Indicate
by check mark whether the registrant is an emerging growth company as defined in in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☒
If
an 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. ☐
Item
5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.
On
July 14, 2026, Cadrenal Therapeutics, Inc. (the “Company”) entered into a confidential separation agreement and general release
(the “Separation Agreement”), dated as of July 9, 2026, with James J. Ferguson III, the Company’s Chief Medical Officer.
As previously reported, on July 7, 2026, Dr. Ferguson advised the Board of Directors of the Company of his decision to resign from his
position as Chief Medical Officer of the Company, effective July 31, 2026 (the “Separation Date”). The Company continues
to conduct a search for Dr. Ferguson’s replacement.
Pursuant
to the Separation Agreement, Dr. Ferguson will receive (i) payment of his current salary through the Separation Date; (ii) if Dr. Ferguson
chooses to continue medical coverage pursuant to the Consolidated Omnibus Budget Reconciliation Act (“COBRA”), payment by
the Company of one hundred percent (100%) of his COBRA premiums to continue such coverage (including coverage for his eligible dependents,
if applicable) (the “COBRA Premiums”) through the period starting on the Separation Date and ending six (6) months after
the Separation Date (the “COBRA Premium Period”), provided, however, that the Company’s provision of the COBRA Premiums
shall immediately cease if during the COBRA Premium Period Dr. Ferguson becomes eligible for group health insurance coverage through
a new employer or he ceases to be eligible for COBRA continuation coverage for any reason; and (iii) approved, unreimbursed business
expenses. Within seven days of Dr. Ferguson’s execution of the Separation Agreement, he may revoke the terms thereof. Therefore,
the Separation Agreement shall not be effective or enforceable until the seven-day revocation period (the “Revocation Period”)
has expired and the Company’s obligations to make the COBRA Premiums described above will not commence until a second release is
executed on the Separation Date and not revoked during the second seven-day revocation period. The Separation Agreement contains a general
release of all claims against the Company and its current and former officers, directors, employees, and agents, and a non-disparagement
clause relating to the Company or any released party.
The
foregoing description of the Separation Agreement does not purport to be complete and is subject to, and qualified in its entirety by
reference to, the full text of the Separation Agreement, a copy of which is attached hereto as Exhibit 10.1 and incorporated herein by
reference.
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits
The
following exhibits are furnished with this Current Report on Form 8-K:
Exhibit
Number
Exhibit
Description
10.1
Confidential Separation Agreement and General Release, dated as of July 9, 2026, by and between Cadrenal Therapeutics, Inc. and James J. Ferguson III
104
Cover
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1
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
Dated:
July 17, 2026
CADRENAL
THERAPEUTICS, INC.
By:
/s/
Quang X. Pham
Name:
Quang
X. Pham
Title:
Chairman
and Chief Executive Officer
2
EX-10.1 — CONFIDENTIAL SEPARATION AGREEMENT AND GENERAL RELEASE, DATED AS OF JULY 9, 2026, BY AND BETWEEN CADRENAL THERAPEUTICS, INC. AND JAMES J. FERGUSON III
EX-10.1
Filename: ea029808201ex10-1.htm · Sequence: 2
Exhibit
10.1
CONFIDENTIAL
SEPARATION AGREEMENT AND GENERAL RELEASE
This
Confidential Separation Agreement and General Release (the “Agreement”) is dated as of July 9, 2026, and entered into
by and between Cadrenal Therapeutics, Inc., a Delaware corporation (together with each and every of its predecessors, successors (by
merger or otherwise), partners, affiliates, joint venture partners, divisions, directors, officers, insurers, employees and agents, whether
present or former, the “Company”), and James J. Ferguson III (hereinafter referred to as “you,”
or “your”), to set forth our mutual agreement relating to your separation from employment with the Company.
NOW,
THEREFORE, in consideration of the mutual covenants, agreements and promises hereinafter set forth, and for other good and valuable consideration,
the receipt and sufficiency of which is hereby acknowledged, the parties hereto, intending to be legally bound, agree as follows:
1. Separation.
Based on your voluntary resignation, your employment and role as Chief Medical Officer will be terminated. The final date of your active
employment with the Company will be July 31, 2026 (the “Separation Date”). As of the Separation Date: (a) all
benefits will cease unless specifically provided for herein; and (b) you will resign without the need for any further act or deed,
from any offices or positions you hold with the Company.
2. Earned
Compensation. The Company will pay your final wages for all accrued and unpaid Base Salary, including any accrued but unused vacation,
in accordance with the Company’s standard payroll practices through the Separation Date, which final wages shall be paid on or
before the Separation Date. You will also be entitled to reimbursement of all reasonable business expenses incurred as of the Separation
Date in accordance with the Company’s expense reimbursement policy. You receive the earned compensation and reimbursement of business
expenses even if you do not sign this Agreement.
3. Consideration,
Separation Payments, and Benefits. Provided that you are in compliance with your obligations pursuant to this Agreement and Section
8 of the employment agreement entered into between you and the Company dated January 29, 2025 attached as Exhibit A hereto (the “Employment
Agreement”), including your execution of this Agreement and the expiration of the Revocation Period (as defined herein), without
any revocation by you, and your execution of the Updated Release attached hereto as Exhibit B within twenty-one (21) days of the
Separation Date and expiration of the Second Revocation Period (as defined in Exhibit B attached to this Agreement) without any
revocation by you and in consideration of your release of any and all claims, including employment related claims, you might have against
the Released Parties (as defined herein), the Company agrees to:
(a) COBRA
Premiums. Your health benefits will run through the Separation Date. Thereafter, you may choose to continue medical coverage pursuant
to the Consolidated Omnibus Budget Reconciliation Act (“COBRA”). Information on COBRA and the elections process will
be sent to you under separate cover. If you choose to continue medical coverage pursuant to COBRA, and upon your timely completion of
the appropriate COBRA forms, the Company shall pay one-hundred percent (100%) of your COBRA premiums to continue your coverage (including
coverage for your eligible dependents, if applicable) (the “COBRA Premiums”) through the period starting on the Separation
Date and ending six (6) months after the Separation Date (the “COBRA Premium Period”); provided, however,
that the Company’s provision of the COBRA Premiums shall immediately cease if during the COBRA Premium Period you become eligible
for group health insurance coverage through a new employer or you cease to be eligible for COBRA continuation coverage for any reason,
including plan termination. If you choose not to execute the Updated Release you will not be eligible for
the benefits described in this Section 3 of this Agreement.
4. No
Additional Payments or Benefits. You acknowledge and agree that, except for (a) the COBRA Premiums (if you elect to continue
medical coverage under COBRA); and (b) approved, unreimbursed business expenses, you will receive no additional payments or benefits
other than as set forth herein or as required by law.
5. General
Release of Claims. In exchange for the promises herein which you acknowledge as good and valuable consideration, and except as provided
in Section 6 below, effective on the date of this Agreement, you release and discharge the Company and its past, present
and future parents, divisions, subsidiaries, and affiliates, predecessors, successors and assigns, and its and their past, present, and
future officers, directors, members, managers, partners, attorneys, employees, independent contractors, agents, clients, franchisees,
franchisors, and representatives (“Released Parties”) from any and all actions, causes of action, debts, dues, claims
and demands of every name and nature, without limitation, at law, in equity, or administrative, against the Released Parties which you
may have had, now have, or may have, by reason of any matter or thing arising up to the Separation Date, including the ending of your
employment. Those claims and causes of action from which you release the Released Parties include, but are not limited to, any known
or unknown claim or action sounding in tort, contract, or discrimination of any kind, and/or any cause of action arising under federal,
state or local constitution, statute or ordinance, including, but not limited to, Title VII of the Civil Rights Act of 1964 (Title VII),
the Americans with Disabilities Act (ADA), the Family and Medical Leave Act (FMLA), the Fair Labor Standards Act (FLSA), the Equal Pay
Act, the Employee Retirement Income Security Act (ERISA) (regarding unvested benefits), the Civil Rights Act of 1991, Section 1981 of
U.S.C. Title 42, the Fair Credit Reporting Act (FCRA), the Worker Adjustment and Retraining Notification (WARN) Act, the Age Discrimination
in Employment Act (ADEA), the Older Workers Benefit Protection Act of 1990 (OWBPA), the National Labor Relations Act (NLRA), the Uniform
Services Employment and Reemployment Rights Act (USERRA), the Genetic Information Nondiscrimination Act (GINA), the Consolidated Omnibus
Budget Reconciliation Act of 1985, the Immigration Reform and Control Act (IRCA), the Employee Polygraph Protection Act, any local, state,
or federal law arising from and/or enacted to address the COVID-19 virus; any claims arising under the New Jersey Law Against Discrimination;
the New Jersey Conscientious Employee Protection Act; the New Jersey Earned Sick Leave Law; the New Jersey Family Leave Insurance provisions
of the New Jersey Temporary Disability Benefits Law; the New Jersey Family Leave Act; the New Jersey Wage Payment Law; the New Jersey
Wage and Hour Law; the New Jersey Equal Pay Act; and retaliation claims under the New Jersey Workers’ Compensation Law; any state,
county or local fair employment practices act or other employment-related law for each of the states, counties, and locales where you
reside and/or work, all as amended together with all of their respective implementing regulations and/or any other federal, state, local
or foreign law (statutory, regulatory or otherwise) that may be legally waived and released, and/or any claim for attorneys’ fees
or costs, whether presently accrued, accruing to, or to accrue to you on account of, arising out of, or in any way connected with any
acts or activities by you or the Released Parties arising up to the Separation Date. You expressly acknowledge that no claim or cause
of action against the Released Parties from the beginning of time to the Separation Date (other than as provided in Section 6
below) shall be deemed to be outside the scope of this Agreement whether mentioned herein or not. You agree that this release should
be interpreted as broadly as possible to achieve your intention to waive, to the maximum extent permitted by law, any and all claims
against the Released Parties.
You
hereby expressly waive and relinquish all rights and benefits under that section and any law of any jurisdiction of similar effect with
respect to the release of any unknown or unsuspected claims you may have against the Released Parties.
6. Rights
and Claims Preserved. Notwithstanding the broad scope of the release in Section 5 above, the release in Section 5
above is not intended to bar any claims that, as a matter of law, whether by statute or otherwise, may not be waived, such as Claims
(as defined in Section 12 below) for workers’ compensation benefits, unemployment insurance benefits, violation of
the ADEA, and violation of SEC rules. Nothing in this Agreement is intended to interfere with administrative proceedings, such as an
Equal Employment Opportunity Commission investigation, provided however, that you expressly release and waive any and all rights to individual
recovery of any type from the Company (except as related to SEC or whistleblower claims or as restricted by applicable laws), including
back pay, front pay, compensatory damages, liquidated or punitive damages, attorneys’ fees, reinstatement, or any other benefit,
in any administrative or court action, whether state or federal, whether under the laws of the United States or any other Country, and
whether brought by you or on your behalf, related in any way to the matters released herein. In the event that you successfully asserts
any ADEA Claims, and you are not awarded damages, You shall be required to give back the consideration set forth, to the extent not prohibited
by federal law and the regulations of the EEOC, as a set-off against such damages. Nothing in this Agreement prevents you from filing
a lawsuit limited to challenging the validity of your waiver of any rights or claims that you may have under the Dodd-Frank Wall Street
Reform and Consumer Protection Act.
2
7. Older
Workers Benefit Protection Act Acknowledgements. The parties intend that this Agreement comply with §201 of the Older Workers
Benefit Protection Act of 1990. Accordingly, you acknowledge, warrant and represent as follows:
a. You
have up to twenty-one (21) days from the date of your receipt of this Agreement to accept
the terms of this Agreement, although you may accept it at any time within those twenty-one
(21) days.
b. You
have been informed of your right to consult with an attorney before executing this Agreement.
c. You
also have the right to revoke this Agreement for a period of seven (7) days after you sign
the Agreement (the “Revocation Period”). This Agreement will not become
effective or enforceable until the expiration of the Revocation Period (the “Effective
Date”).
d. You
may revoke this Agreement at any time before the Effective Date by giving notice in writing
to the Company (Quang Pham, Chief Executive Officer, quang.pham@cadrenal.com)
by 5:00 p.m. ET on the seventh (7th) day after the execution of the Agreement by both parties.
8. No
Admission of Wrongdoing. You and the Released Parties deny any wrongdoing whatsoever in connection with their dealings with each
other, including but not limited to your employment and termination. It is expressly understood and agreed that nothing contained in
this Agreement shall constitute or be treated as an admission of any wrongdoing or liability on the part of you or the Released Parties.
9. Non-Disclosure.
You understand and agree that this Agreement, and the matters discussed in negotiating its terms, are entirely confidential. It is therefore
expressly understood and agreed that you will not reveal, discuss, publish or in any way communicate any of the terms, amount or fact
of this Agreement to any person, organization or other entity, with the exception of your immediate family members and professional representatives,
or in an action to enforce its terms, unless required by subpoena or court order. The Company likewise agrees not to reveal, discuss,
publish or in any way communicate any of the terms, amount, or fact of this Agreement to any person, organization, or other entity, except
as consistent with business need or necessity and/or as required by court order, rules of the Securities and Exchange Commission or legal
process. You further agree that you will not at any time disclose, use or aid third parties in obtaining or using any trade secrets,
or confidential or proprietary information of the Company, including but not limited to any financial, business or personnel information,
except as required or permitted by law. Nothing in this Section 9 shall have the purpose or effect of concealing the details relating
to any claim or allegation of discrimination, retaliation, or harassment or is intended to or shall prohibit you from making statements
or engaging in any activities protected by the National Labor Relations Act.
10. No
Contact. You agree that you will not contact nor will you discuss the Company or its business practices or to disrupt or divert business
opportunities or customers from the Company with the Released Parties, and that this is a material term of this Agreement.
11. Non-Disparagement.
You agree that you will not disparage any of the Released Parties or make or publish any communication that reflects adversely upon any
of them, their officers, directors, affiliated business entities, franchises or business practices, or has the effect of injuring their
business or reputation. This non-disparagement obligation includes both direct and indirect communications and expressly includes statements
made on the internet (including, but not limited to, social networking websites such as Facebook, X, LinkedIn, and Glassdoor), statements
made under a pseudonym, and statements made to a Company franchise and/or affiliated business partner. The Company agrees that it will
instruct its management team not to disparage you or make or publish any communication that reflects adversely upon you with respect
to your employment with the Company.
3
12. No
Filing of Claims. You represent that you have not filed, and to the maximum extent permitted by law and except as provided in Section 6
above, you agree that you will not file, any charge, complaint, demand for arbitration, lawsuit or claim (collectively, “Claim”)
with any administrative agency, federal, state or local court (collectively, “Agency”) related in any way to your
employment or the separation of your employment with the Company. You further agree that you will not accept, and will not be entitled
to retain, any judgment, award, settlement or other payment or other relief resulting from, or related to, any Claim filed with any Agency
related in any way to your employment with the Company or the termination of your employment. Nothing in this Agreement limits your right,
where applicable, to file a claim for unemployment compensation with the State of New Jersey should you choose to do so.
13. Acknowledgment
of No Further Action. Except as provided in Section 6 above, and/or unless required to do so by court order or subpoena,
you agree that you will not (a) voluntarily make statements, take action, or give testimony adverse or detrimental to the interests
of the Company or its affiliates; or (b) aid or assist in any manner the efforts of any third party to sue or prosecute a claim
against the Company or its affiliates. Should you ever be required to give testimony concerning any matter related to your employment
with the Company, you agree to provide notice of such compulsory process to the Company (Quang Pham, Chief
Executive Officer, quang.pham@cadrenal.com), within two (2) business days of its receipt
so that the Company may take appropriate measures to quash or otherwise defend its interests.
14. Duty
To Cooperate. You will, upon reasonable notice, cooperate fully with the Company and with any legal counsel, expert, or consultant
it may retain to assist it in connection with any judicial proceeding, arbitration, administrative proceeding, governmental investigation
or inquiry, internal audit, or other matter in which you have knowledge based on your work for the Company. Notwithstanding the obligations
of this Section 14, you further agree to avail yourself to the Company to respond to reasonable requests made by the Company during
the COBRA Premium Period.
15. Return
and Non-Disclosure of Company Property. You agree to return to the Company by the Separation Date any and all property belonging
to the Company. You shall not retain copies or distribute to any third-party of any Company property, documents, or materials in hard
copy, digital, or electronic format. Your access to the Company’s property and facilities shall end on the Separation Date. You
verify that you have not downloaded, forwarded, or otherwise have any Company information within your control or on personal devices,
thumb drives or other third-party downloads. You affirm that you will abide by all post-employment confidentiality and nondisclosure
obligations specified in any documents you executed with the Company. You expressly agree that these post-employment obligations are
not time bound and mandate nondisclosure to any third-party entity, whether an affiliated business venture, former employee of the Company
or competitor.
16.
Effect of Breach. You agree that receipt of any consideration under this Agreement is contingent on your full compliance with
the Agreement’s terms and conditions. Should you breach any provision of this Agreement, the terms of any post-employment or restrictive
covenant obligations, including in the Employment Agreement or PIICA, respectively, including but not limited to filing a lawsuit or
arbitration based upon any claim covered by this Agreement (but excluding a lawsuit covered by Section 6 of this Agreement),
the Company shall have the right to seek recovery from you of any COBRA Premium already paid, and the Company shall no longer be obligated
to pay you any COBRA Premium otherwise due. In addition, the Company has the right to seek liquidated damages, attorneys’ fees
and costs, and full repayment of any consideration provided under this Agreement. To the extent either party breaches their obligations
under this Agreement, each party has the right to seek requisite legal remedies.
4
17. Certification
of Understanding and Competence. You acknowledge and agree that (a) you have read this Agreement in its entirety and have been
provided the opportunity to seek independent legal advice; (b) you are competent to understand, and do understand, the content and
effect of this Agreement; (c) by entering into this Agreement, you are releasing forever the Released Parties from any Claim or
liability (including claims for attorney’s fees and costs) arising from your employment with the Company; (d) you are entering
this Agreement of your own free will in exchange for the consideration herein, which you agree is adequate and satisfactory; and (e) neither
the Company nor any of the Released Parties have made any representations to you concerning the terms or effect of this Agreement, other
than those contained in the Agreement.
18. Acknowledgments.
You acknowledge and agree that as of the Separation Date (a) you are not owed any wages by the Company for work performed, whether
as wages or salary, overtime, bonuses or commissions, or for accrued but unused paid time off, and that you have been fully compensated
for all hours worked and any earned bonus or incentive compensation; (b) you are not aware of any factual basis for a claim that
the Company has defrauded the government of the United States or any State; (c) you have incurred no work related injuries; (d) you
have received all family or medical leave to which you were entitled under the law; and (e) you have been and hereby are advised
to consult with legal counsel of your choice prior to execution and delivery of this Agreement, and that you have done so or voluntarily
elected not to do so.
19. Ownership
of Claims. You represent and warrant that you are the sole and lawful owner of all rights, title, and interest in and to all released
matters, claims and demands referred to herein. You further represent and warrant that there has been no assignment or other transfer
of any interest in any such matters, claims or demands which you may have against the Released Parties.
20. Counterparts.
This Agreement (a) may be executed in separate counterparts and by facsimile, and each such counterpart shall be deemed an original
with the same effect as if all parties had signed the same document; and (b) shall to the extent signed and delivered by means of
a facsimile machine or e-mail of a PDF file containing a copy of an executed Agreement (or signature page thereto), be treated in all
manner and respects and for all purposes as an original agreement or instrument and shall be considered to have the same binding legal
effect as if it were the original signed version thereof delivered in person.
21. Entire
Agreement. This Agreement including Exhibits A and B constitutes the entire agreement between the parties with respect
to their subject matter and is binding upon and shall inure to the benefit of the parties and their respective heirs, executors, administrators,
personal or legal representatives, successors and/or assigns. For the avoidance of doubt, the foregoing sentence serves to incorporate
into this Agreement each and all of the restrictive covenants and other post-employment continuing obligations as set forth in the Employment
Agreement and PIICA, which obligations extend beyond the Separation Date. Any modification or waiver of any provision of this Agreement
will be effective only if it is in writing signed by the parties.
22. Headings.
The headings in this Agreement are for convenience only and are not to be considered a construction of the provisions hereof.
23. Severability
and Governing Law. If any provision of this Agreement is found to be invalid, unenforceable, or void for any reason, such provision
shall be severed from the Agreement and shall not affect the validity or enforceability of the remaining provisions. This Agreement shall
be interpreted, enforced, and governed by the laws of the State of Florida, without regard to the conflicts of law provisions thereof.
[Signature
Page Follows]
5
IN
WITNESS WHEREOF, and intending to be legally bound, the parties agree to the terms of this Agreement by signing below:
Dated:
July 14, 2026
Cadrenal
Therapeutics, Inc.:
By:
/s/
Quang X. Pham
Name:
Quang
X. Pham
Title:
Chief
Executive Officer
TO
BE SIGNED WITHIN TWENTY-ONE (21) DAYS OF THE DATE OF THIS AGREEMENT:
You
are advised to consult with an attorney before signing this Agreement. The foregoing is agreed to and accepted by:
/s/
James J. Ferguson
James
J. Ferguson III
Date:
July 14, 2026
[signature
page to CONFIDENTIAL SEPARATION AGREEMENT & GENERAL RELEASE]
6
Exhibit
A
[Employment
Agreement and Proprietary Information, Inventions and Confidentiality Agreement]
7
Exhibit
B
UPDATED
RELEASE OF CLAIMS
Cadrenal
Therapeutics, Inc., (the “Company”) and James J. Ferguson III (the “Employee”) entered into a Separation
Agreement dated July 9, 2026 (the “Agreement”). The parties to that Agreement hereby further agree as follows:
1.
A blank copy of this Updated Release of Claims (“Updated Release”) was attached to the Agreement as Exhibit B.
2.
In consideration of the Company’s provision to the Employee of the separation payments and benefits described in Section 3
of the Agreement for which the Employee becomes eligible only if the Employee signs this Updated Release and does not revoke it, the
Employee hereby extends the release of claims in Section 6 of the Agreement to any claims that arose through the date the Employee
signs this Updated Release and extends the representations the Employee has made in Section 7 of the Agreement through the date
the Employee signs this Updated Release.
3.
The parties agree that this Updated Release is a part of the Agreement.
4.
Acknowledgments: Employee acknowledges that the Employee has been advised by this writing that:
(a)
the
Employee’s waiver and release does not apply to any rights or claims that may arise after the execution date of this Updated
Release;
(b)
the
Employee has been advised hereby that the Employee has the right to consult with an attorney prior to executing this Updated Release;
(c)
the
Employee had twenty-one (21) days from the date the Employee received the Agreement to consider this Updated Release (the “Review
Period”) although the Employee may choose to voluntarily execute this Agreement earlier;
(d)
the
Employee has seven (7) days following the Employee’s execution of this Updated Release to revoke the Updated Release by delivering
notice in writing to the Company (Quang Pham, Chief Executive Officer, quang.pham@cadrenal.com)
by 5:00 p.m. ET on the seventh (7th) day after the execution of the Updated Release (the “Second Revocation Period”);
(e)
this
Updated Release shall not be effective until the date upon which the revocation period has expired unexercised (the “Effective
Date”), which shall be the eighth day after this Updated Release is executed by the Employee; and
(f)
this
Updated Release is legally binding and by signing it the Employee gives up certain rights.
Cadrenal
Therapeutics, Inc.
By:
Name:
Quang
X. Pham
James
J. Ferguson III
Title:
Chief
Executive Officer
Dated:
Dated:
8
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Filename: R1.htm · Sequence: 7
v3.26.1
Cover
Jul. 14, 2026
Cover [Abstract]
Document Type
8-K
Amendment Flag
false
Document Period End Date
Jul. 14, 2026
Entity File Number
001-41596
Entity Registrant Name
Cadrenal
Therapeutics, Inc.
Entity Central Index Key
0001937993
Entity Tax Identification Number
88-0860746
Entity Incorporation, State or Country Code
DE
Entity Address, Address Line One
822
A1A North
Entity Address, Address Line Two
Suite 306
Entity Address, City or Town
Ponte
Vedra
Entity Address, State or Province
FL
Entity Address, Postal Zip Code
32082
City Area Code
(904)
Local Phone Number
300-0701
Written Communications
false
Soliciting Material
false
Pre-commencement Tender Offer
false
Pre-commencement Issuer Tender Offer
false
Title of 12(b) Security
Common
Stock, par value $0.001 per share
Trading Symbol
CVKD
Security Exchange Name
NASDAQ
Entity Emerging Growth Company
true
Elected Not To Use the Extended Transition Period
false
X
- Definition
Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.
+ References
No definition available.
+ Details
Name:
dei_AmendmentFlag
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Area code of city
+ References
No definition available.
+ Details
Name:
dei_CityAreaCode
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Cover page.
+ References
No definition available.
+ Details
Name:
dei_CoverAbstract
Namespace Prefix:
dei_
Data Type:
xbrli:stringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.
+ References
No definition available.
+ Details
Name:
dei_DocumentPeriodEndDate
Namespace Prefix:
dei_
Data Type:
xbrli:dateItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
+ References
No definition available.
+ Details
Name:
dei_DocumentType
Namespace Prefix:
dei_
Data Type:
dei:submissionTypeItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Address Line 1 such as Attn, Building Name, Street Name
+ References
No definition available.
+ Details
Name:
dei_EntityAddressAddressLine1
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Address Line 2 such as Street or Suite number
+ References
No definition available.
+ Details
Name:
dei_EntityAddressAddressLine2
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the City or Town
+ References
No definition available.
+ Details
Name:
dei_EntityAddressCityOrTown
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Code for the postal or zip code
+ References
No definition available.
+ Details
Name:
dei_EntityAddressPostalZipCode
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the state or province.
+ References
No definition available.
+ Details
Name:
dei_EntityAddressStateOrProvince
Namespace Prefix:
dei_
Data Type:
dei:stateOrProvinceItemType
Balance Type:
na
Period Type:
duration
X
- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityCentralIndexKey
Namespace Prefix:
dei_
Data Type:
dei:centralIndexKeyItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Indicate if registrant meets the emerging growth company criteria.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityEmergingGrowthCompany
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Indicate if an emerging growth company has elected not to use the extended transition period for complying with any new or revised financial accounting standards.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Securities Act
-Number 7A
-Section B
-Subsection 2
+ Details
Name:
dei_EntityExTransitionPeriod
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
+ References
No definition available.
+ Details
Name:
dei_EntityFileNumber
Namespace Prefix:
dei_
Data Type:
dei:fileNumberItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Two-character EDGAR code representing the state or country of incorporation.
+ References
No definition available.
+ Details
Name:
dei_EntityIncorporationStateCountryCode
Namespace Prefix:
dei_
Data Type:
dei:edgarStateCountryItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityRegistrantName
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
+ Details
Name:
dei_EntityTaxIdentificationNumber
Namespace Prefix:
dei_
Data Type:
dei:employerIdItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Local phone number for entity.
+ References
No definition available.
+ Details
Name:
dei_LocalPhoneNumber
Namespace Prefix:
dei_
Data Type:
xbrli:normalizedStringItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 13e
-Subsection 4c
+ Details
Name:
dei_PreCommencementIssuerTenderOffer
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14d
-Subsection 2b
+ Details
Name:
dei_PreCommencementTenderOffer
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Title of a 12(b) registered security.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b
+ Details
Name:
dei_Security12bTitle
Namespace Prefix:
dei_
Data Type:
dei:securityTitleItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Name of the Exchange on which a security is registered.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection d1-1
+ Details
Name:
dei_SecurityExchangeName
Namespace Prefix:
dei_
Data Type:
dei:edgarExchangeCodeItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14a
-Subsection 12
+ Details
Name:
dei_SolicitingMaterial
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Trading symbol of an instrument as listed on an exchange.
+ References
No definition available.
+ Details
Name:
dei_TradingSymbol
Namespace Prefix:
dei_
Data Type:
dei:tradingSymbolItemType
Balance Type:
na
Period Type:
duration
X
- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Securities Act
-Number 230
-Section 425
+ Details
Name:
dei_WrittenCommunications
Namespace Prefix:
dei_
Data Type:
xbrli:booleanItemType
Balance Type:
na
Period Type:
duration