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| SRPT > SEC Filings for SRPT > Form 8-K on 18-Dec-2012 | All Recent SEC Filings |
18-Dec-2012
Entry into a Material Definitive Agreement, Other Events, Financial St
On December 13, 2012, Sarepta Therapeutics, Inc. (the "Company") entered into an underwriting agreement (the "Underwriting Agreement") with Lazard Capital Markets LLC and Cowen and Company, LLC, as representatives of the underwriters named therein (collectively, the "Underwriters") relating to the public offering (the "Offering") of 4,950,495 shares of the Company's common stock, $0.0001 par value per share (the "Common Stock"), at a price to the public of $25.25 per share (the "Offering Price"), less underwriting discounts and commissions. The net proceeds to the Company from the sale of the Common Stock, after deducting the underwriting discounts and commissions and other estimated offering expenses payable by the Company, were approximately $118.2 million. The Offering closed on December 18, 2012. The Company has also granted the Underwriters a 30-day option to purchase up to an additional 742,574 shares of Common Stock to cover over-allotments, if any, at the Offering Price.
The Offering was made pursuant to the Company's effective shelf registration statement on Form S-3 ASR (Registration No. 333-184807), including the prospectus dated November 7, 2012 contained therein, as supplemented by a prospectus supplement dated December 14, 2012.
The foregoing is only a brief description of the terms of the Underwriting Agreement, does not purport to be a complete description of the rights and obligations of the parties thereunder, and is qualified in its entirety by reference to the Underwriting Agreement that is filed as Exhibit 1.1 to this Current Report on Form 8-K and incorporated by reference herein. The legal opinion of White Summers Caffee & James, LLP relating to the legality of the issuance and sale of the shares in the Offering is attached as Exhibit 5.1 to this Current Report on Form 8-K.
On December 12, 2012, the Company issued a press release entitled "Sarepta Therapeutics Announces Proposed Public Offering of Common Stock." On December 13, 2012, the Company issued a press release entitled "Sarepta Therapeutics Announces Pricing of $125 Million Public Offering of Common Stock." Copies of these press releases are attached as Exhibits 99.1 and 99.2 to this report and are incorporated by reference herein.
(d) Exhibits.
Exhibit
Number Description
1.1 Underwriting Agreement, dated as of December 13, 2012, among Sarepta
Therapeutics, Inc., Lazard Capital Markets LLC, and Cowen and Company,
LLC, as representatives of the underwriters named therein
5.1 Opinion of White Summers Caffee & James LLP
23.1 Consent of White Summers Caffee & James LLP (included in Exhibit 5.1)
99.1 Press release dated December 12, 2012
99.2 Press release dated December 13, 2012
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