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VOLC > SEC Filings for VOLC > Form 8-K on 2-Jul-2013All Recent SEC Filings

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Entry into a Material Definitive Agreement

Item 1.01 Entry Into a Material Definitive Agreement.

On July 1, 2013, Volcano Corporation ("Volcano") entered into an amendment (the "Amendment") to the Agreement and Plan of Merger dated December 1, 2012, by and among Volcano, Volcalypso, Inc., a wholly-owned subsidiary of Volcano, Crux Biomedical, Inc., Shareholder Representative Services, LLC, as the Stockholders' Representative, and DPD Newco, LLC (the "Merger Agreement"). Under the Merger Agreement, Volcano previously agreed to pay a milestone payment in the amount of $3.0 million following the achievement of written clearance by the U.S. Food and Drug Administration of a 510(k) notification for the commercial sale in the United States of a retrieval device, provided such 510(k) notification was submitted on or before June 30, 2013. Pursuant to the Amendment, the parties agreed to extend the outside date by which the 510(k) notification must be submitted for the $3.0 million milestone payment to remain eligible to be paid from June 30, 2013 to November 30, 2013.

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