Sec Form 13D Filing - Valencia Catalina filing for AXIM BIOTECHNOLOGIES INC. (AXIM) - 2022-08-31

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

(Rule 13d-101)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO § 240.13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO

§ 240.13d-2(a)

(Amendment No. 1 )¹

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ¨

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

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^1* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

The following constitutes the Amendment No. 1 to the Schedule 13D filed by the undersigned (the “Amendment No. 1”). This Amendment No. 1 amends the Schedule 13D as specifically set forth herein.

Item 1.  Security and Issuer.

 This Schedule 13D relates to the common stock, par value $.0001 per share, (the “Shares”) of AXIM Biotechnologies, Inc., a Nevada corporation (the “Company” or the “Issuer”).  The principal executive offices of the Company are 6191 Cornerstone Court, E., Suite 114, San Diego, CA 92121.

Item 2.  Identity and Background.

(a)  This statement is filed by Catalina Valencia (the “Reporting Person”) an individual.

(b)  The Reporting Person’s address is: 6191 Cornerstone Court, E., Suite 114, San Diego, CA 92121.

(c)  The Reporting Person is not an officer and director of Issuer.  However, Reporting Person is an employee of the Issuer and serves as the Chief Executive Officer of Sapphire Biotech, Inc., a wholly owned subsidiary of the Issuer.

(d) The Reporting Person has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) during the last five years.

(e) The Reporting Person has not been a party to a civil proceeding of a judicial or administrative body resulting in a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws, or finding any violation with respect to such laws.

(f) The Reporting Person is a citizen of the United States.

Item 3.  Source or Amount of Funds or Other Consideration.

 Item 3 is hereby amended and restated to read as follows: 

Reporting Person purchased 3,861,004 restricted shares of Company common stock for a total purchase price of $100,000 in personal funds.

Item 4.  Purpose of Transaction.

The Reporting Person acquired the shares, and holds the shares of the Issuer for investment purposes. Depending on the factors discussed herein, the Reporting Person may, from time to time, acquire additional shares of common stock and/or retain and/or sell all or a portion of the shares of common stock held by the Reporting Person in the open market or in privately negotiated transactions, and/or may distribute the common stock held by the Reporting Person to other entities. Any actions the Reporting Person might undertake will be dependent upon the Reporting Person’s review of numerous factors, including, among other things, the price levels of the common stock, general market and economic conditions, ongoing evaluation of the Issuer’s business, financial condition, operations and prospects, the relative attractiveness of alternative business and investment opportunities, investor’s need for liquidity, and other future developments. Any future acquisitions of common stock will be subject to the Company’s policies, including its insider trading policy, as applicable.  Except as set forth above, the Reporting Person has no present plans or intentions which would result in or relate to any of the transactions described herein this Item 4.

Item 5.  Interest in Securities of the Issuer.

Item 5 is hereby amended and restated to read as follows:

(a)  The aggregate number of shares of common stock to which this Schedule 13D relates is 23,661,004 shares.  The shares represent approximately 12.86% of the common stock outstanding as of August 30, 2022.

(b)  Reporting Person has sole voting and dispositive power over the shares of common stock in which Reporting Person owns.  

(c)  See Item 3, above.

(d)  Not Applicable.

(e)  Not Applicable.

Item 6.  Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.

Item 6 is hereby amended and restated to read as follows:

Reporting Person entered into a Securities Purchase Agreement with the Company for the purchase of 3,861,004 restricted shares of Company common stock for a total purchase price of $100,000.

Item 7.  Material to Be Filed as Exhibits.

None.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.