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VOLITIONRX LTD

For the period ended Dec 31, 2024. Filed Mar 31, 2025.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Mar 31, 2025

VNRX$0.20+3.7%Stored close · as of Nov 6, 2026
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UN****ITED STATES

SECUR****ITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Fo****r the Fiscal Year Ended December 31, 2024

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACTO****F 1934

For the transition period from **** **** **** to** **** **** **

Comm****ission File Number:001-36833

VOLITIONRX LIMITED

(Exact name of registrant as specified in its charter)

Delaware1489 West Warm Springs Road, Suite 110 Henderson, Nevada 8901491-1949078
(State or other jurisdiction of incorporation or organization)(Address of principalexecutive offices)(I.R.S. EmployerIdentification No.)

+1 (646)650–1351

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class:Trading Symbol(s):Name of Each Exchange on Which Registered:
Common Stock, par value $0.001 per shareVNRXNYSE American, LLC

Securities registered pursuant to Section 12(g) of the Act: None

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐No ☒

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐No ☒

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports) and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act:

Large accelerated filer☐Accelerated filer☐
Non-accelerated filer☒Smaller reporting company☒
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. ☐

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.☐

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements. ☐

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes☐ No ☒

As of June 28, 2024, the last trading day of the registrant’s most recently completed second fiscal quarter, the aggregate market value of the voting common stock held by non-affiliates of the registrant was $45,489,867 (based upon the $0.605 per share closing price for the registrant’s common stock as reported by the NYSE American on June 28, 2024). This calculation does not reflect a determination that persons deemed to be affiliates for this purpose are affiliates for any other purpose.

As of March 20, 2025, there were 96,543,744 shares of the registrant’s $0.001 par value common stock issued and outstanding.

Documents incorporated by reference:

Portions of the registrant’s definitive Proxy Statement on Schedule 14A for its 2025 Annual Meeting of Stockholders, to be filed with the Securities and Exchange Commission on or before April 30, 2025 are incorporated by reference into Part III, Items 10-14 of this Annual Report on Form 10-K.

Table of Contents

Page
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS3
PART I
Item 1BUSINESS4
Item 1ARISK FACTORS10
Item 1BUNRESOLVED STAFF COMMENTS25
Item 1CCYBERSECURITY25
Item 2PROPERTIES26
Item 3LEGAL PROCEEDINGS26
Item 4MINE SAFETY DISCLOSURES26
PART II
Item 5MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES27
Item 6[RESERVED]27
Item 7MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS28
Item 7AQUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK33
Item 8FINANCIAL STATEMENTS AND SUPPLEMENTARY DATAF-34 - F-82
Item 9CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE83
Item 9ACONTROLS AND PROCEDURES83
Item 9BOTHER INFORMATION84
Item 9CDISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS84
PART III
Item 10DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE85
Item 11EXECUTIVE COMPENSATION85
Item 12SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS85
Item 13CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE85
Item 14PRINCIPAL ACCOUNTANT FEES AND SERVICES85
PART IV
Item 15EXHIBITS AND FINANCIAL STATEMENT SCHEDULES86
SIGNATURES93
ContentsView on SEC.gov

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