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ORAGENICS INC

For the period ended Dec 31, 2025. Filed Mar 16, 2026.

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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.

FY2025 · Filed Mar 16, 2026

OGEN$0.35+0.0%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

For the fiscal year ended December 31,2025

☐TRANSITION REPORT PURSUANT TO SECTIONS 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from__________ to ___________

Commission file number 001-32188

ORAGENICS, INC.

(Exact name of registrant as specified in its charter)

Florida59-3410522
(State or Other Jurisdiction of Incorporation or Organization)(IRS Employer Identification No.)
9015 Town Center Parkway, Suite 143, Lakewood Ranch, FL34202
(Address of Principal Executive Offices)(Zip Code)

813-286-7900

(Registrant’s Telephone Number, Including Area Code)

SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT:

Title of each classTrading SymbolName of each exchange on which registered
Common Stock $0.001 par value per shareOGENNYSE AMERICAN

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 Exchange 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, 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 Exchange Act Rule 12b-2). Yes ☐ No☒

The aggregate market value of the voting and non-voting common equity stock held by non-affiliates of the registrant, was approximately$3,126,135 computed based upon a last sales price of $3.82 as reported by the NYSE American as of June 30, 2025, the last business day of the registrant’s most recently completed second fiscal quarter.

As of March 13, 2026, there were 4,336,029 shares of the registrant’s Common stock outstanding.

Note Regarding Reverse Stock Split

On June 3, 2025, the Company effected a 1-for-30 reverse stock split of its outstanding common stock. All share and per share amounts in these consolidated financial statements and related footnotes have been retroactively adjusted to reflect the reverse stock split for all periods presented in the accompanying financial statements, unless otherwise indicated (the “Reverse Stock Split”).

TABLE OF CONTENTS

FORWARD-LOOKING STATEMENTS AND CERTAIN CONSIDERATIONSii
PART I
ITEM 1.BUSINESS1
ITEM 1A.RISK FACTORS21
ITEM 1B.UNRESOLVED STAFF COMMENTS54
ITEM 1C.CYBERSECURITY54
ITEM 2.PROPERTIES55
ITEM 3.LEGAL PROCEEDINGS55
ITEM 4.MINE SAFETY DISCLOSURES55
PART II
ITEM 5.MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED SHAREHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES56
ITEM 6.RESERVED56
ITEM 7.MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS56
ITEM 7A.QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK63
ITEM 8.FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA63
ITEM 9.CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE63
ITEM 9A.CONTROLS AND PROCEDURES63
ITEM 9B.OTHER INFORMATION64
ITEM 9C.DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS64
PART III
ITEM 10.DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE65
ITEM 11.EXECUTIVE COMPENSATION68
ITEM 12.SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED SHAREHOLDER MATTERS80
ITEM 13.CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE81
ITEM 14.PRINCIPAL ACCOUNTANT FEES AND SERVICES82
PART IV
ITEM 15.EXHIBITS AND FINANCIAL STATEMENT SCHEDULES83
SIGNATURES84
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRMF-2
CONSOLIDATED BALANCE SHEETSF-3
CONSOLIDATED STATEMENTS OF OPERATIONSF-4
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ (DEFICIT) EQUITYF-5
CONSOLIDATED STATEMENTS OF CASH FLOWSF-6
CONSOLIDATED NOTES TO FINANCIAL STATEMENTSF-7

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