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STXS > SEC Filings for STXS > Form 8-K on 19-Aug-2013All Recent SEC Filings

Show all filings for STEREOTAXIS, INC.

Form 8-K for STEREOTAXIS, INC.


19-Aug-2013

Unregistered Sale of Equity Securities


Item 3.02. Unregistered Sales of Equity Securities.

As previously reported, on May 7, 2012, Stereotaxis, Inc., Inc., a Delaware corporation (the "Company") issued warrants to purchase an aggregate of approximately 2.17 million shares of its common stock having an exercise price of $3.361 per share (the "PIPE Warrants") in a private placement pursuant to a stock and warrant purchase agreement.

On August 13, 2013, venture funds affiliated with Sanderling Ventures exercised PIPE Warrants to purchase an aggregate of 650,619 shares of common stock in a cashless net exercise as provided for in the PIPE Warrants, which resulted in the issuance to such funds of an aggregate of 308,194 shares of common stock. As a result, there were no net proceeds to the Company.

On August 16, 2013, certain affiliates of the Franklin Templeton exercised PIPE Warrants to purchase an aggregate of 650,618 shares of common stock for cash. The Company received an aggregate of $2,186,727 gross proceeds from the sale.

On August 16, 2013, Alafi Capital Company exercised PIPE Warrants to purchase an aggregate of 261,241 shares of common stock for cash. The Company received an aggregate of $878,031 gross proceeds from the sale.

In all cases, the Company is relying on the exemption from registration afforded by Section 4(a)(2) of the Securities Act of 1933, as amended, based on representations to the Company made by the warrant holders. The resale by the warrant holders of the shares of common stock described above has been previously registered with the Securities Exchange Commission.


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