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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): November 19, 2024
Regenerative Medical Technology Group Inc.
(Exact
name of registrant as specified in its charter)
Nevada |
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000-56010 |
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88-0492191 |
(State or other jurisdiction
of incorporation) |
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(Commission File Number) |
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(I.R.S. Employer
Identification No.) |
433 Plaza Real Suite 275
Boca Raton, Florida |
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33432 |
(Address of principal executive offices) |
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(Zip Code) |
Registrant’s telephone number, including area code: (800)
956-3935
(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 the registrant under any of the following provisions:
☐ |
Written communications pursuant to Rule 425 under the Securities Act (17CFR 230.425) |
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☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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☐ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth
company as defined 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 check mark 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. ☐
Securities registered pursuant to Section 12(b) of the Act: None.
SECTION 2 – Financial
Information
Item
2.02 Results of Operations and Financial Condition.
On November 19, 2024, we issued a press release concerning our financial
results for the quarter ended September 30, 2024, and other matters.
The press release is furnished with this Current Report on Form 8-K
as Exhibit 99.1. The information furnished under this Item 2.02 and Item 9.01 of this Current Report on Form 8-K, including Exhibit 99.1,
shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise
subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any registration statement or other filing
under the Securities Act of 1933, as amended, regardless of any general incorporation by reference language in such filing, except as
shall be expressly set forth by specific reference in any such filing.
SECTION 9 – Financial
Statements and Exhibits
Item
9.01 Financial Statements and Exhibits.
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.
Regenerative Medical Technology Group Inc. |
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/s/ David Christensen |
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David Christensen |
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Chief Executive Officer |
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Date: November 19, 2024 |
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Exhibit 99.1
RMTG Achieves Operational Profitability Expands sales by 52% for
Q3 Year Over Year and Reaches Gross Profit Margin of 75% for Q3
LAS VEGAS, NV, November 19, 2024 -- via ACCESSWIRE -- Regenerative
Medical Technology Group Inc. (RMTG) (“the “Company”), a recognized leader in regenerative medicine and cellular therapies,
is pleased to announce that it has achieved operational profitability (see definition below) this quarter. Also, sales expanded by 52%
from $646,828 in Q3 2023 to $986,308 in Q3 of this year and the Company achieved a gross profit margin of 75% for Q3 of this year.
David Christensen, CEO of Regenerative Medical Technology Group
said, “We are very pleased to announce our Q3 results and see our latest efforts translating into significant growth and operational
profitability. Our Revenues continue to increase Year-over-Year with our patient procedures alone increasing by over 370% from Q3 2023.”
Patient procedures is the Company’s fastest growing revenue segment
and represents 37% of revenue for this quarter compared to 12% for Q3 of last year. The Company expects patient procedure revenues to
significantly increase as its Dubai clinic comes online. The Company expects to work on opening additional clinics in the future.
Benito Novas, founder and CEO of Global Stem Cells Group added,
“As we continue to expand revenues through our main lines of business which include training, product supplies and equipment and
patient procedures and we look to launch our Dubai clinic next week, we have started to look at preliminary internal plans for building
out a manufacturing facility most likely located in Cancun to manufacture exosomes, stem cells and other biologics to vertically integrate
and take advantage of the expanding market for these products. Having a manufacturing facility would not only increase our margins for
the same product sold but give us more control over the quality of the products we sell.”
Operational profitability is defined as revenue minus all operating
expenses excluding interest and taxes and is a measure of management’s ability to efficiently operate the business and create operating
profits.
About Regenerative Medical Technology Group
Regenerative Medical Technology Group is a regenerative medicine company
offering diverse products and services through its wholly owned subsidiary Global Stem Cells Group (GSCG). GSCG is an innovative provider
of regenerative medicine solutions, dedicated to advancing healthcare through innovative patient therapies. With a global presence and
a multidisciplinary team of experts, the organization strives to harness the potential of stem cells and regenerative medicine to improve
patient outcomes across various medical fields. Through its extensive network of clinics, research facilities, and training centers, GSCG
is committed to pushing the boundaries of regenerative medicine and making a positive impact on global healthcare. The Company also distributes
stem cells and other regenerative based cell lines, and equipment internationally and likewise specializes in education and training physicians
in the area of regenerative medicine.
Please see this and other Company filings at www.sec.gov.
About Global Stem Cells Group
Founded by Benito Novas, Global Stem Cells Group seeks to advance the
field of regenerative medicine globally. With a robust presence across continents, the organization provides both treatments and educational
programs aimed at empowering doctors, researchers, and patients. Through ISSCA, GSCG conducts specialized training, certification, and
hands-on workshops designed to promote best practices in the application of cellular therapies.
For more information about the Dubai clinic opening, ISSCA training
event, or Global Stem Cells Group, please visit the Global Stem Cells Group website.
Global Stem Cells Group is a publicly traded company operating under
the symbol RMTG. https://finance.yahoo.com/quote/RMTG/
To learn more about Global Stem Cells Group, Inc.’s companies,
visit our website www.stemcellsgroup.com or call +1 305 560 5331.
Forward Looking Statements
Some information in this document constitutes forward-looking statements
or statements which may be deemed or construed to be forward-looking statements, such as the closing of the share exchange agreement.
The words “plan”, “forecast”, “anticipates”, “estimate”, “project”, “intend”,
“expect”, “should”, “believe”, and similar expressions are intended to identify forward-looking statements.
These forward-looking statements involve, and are subject to known and unknown risks, uncertainties and other factors which could cause
the Company’s actual results, performance (financial or operating) or achievements to differ from the future results, performance (financial
or operating) or achievements expressed or implied by such forward-looking statements. The risks, uncertainties and other factors are
more fully discussed in the Company’s filings with the U.S. Securities and Exchange Commission. All forward-looking statements attributable
to the Company herein, including those related to the opening of the Regenerative Medicine Clinic and Laboratory and its ability to expand
into the UAE markets for regenerative care, are expressly qualified in their entirety by the above-mentioned cautionary statement. The
Company disclaims any obligation to update forward-looking statements contained in this estimate, except as may be required by law.
For further information, please contact:investor.relations@regenmedtechgroup.com
Telephone: (800) 956-3935
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Regenerative Medical Tec... (PK) (USOTC:RMTG)
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