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ASTM > SEC Filings for ASTM > Form 8-K on 27-Sep-2013All Recent SEC Filings

Show all filings for AASTROM BIOSCIENCES INC



Entry into a Material Definitive Agreement, Financial Statements and Exhi

Item 1.01. Entry into a Material Definitive Agreement.

On September 24, 2013, Aastrom Biosciences, Inc., a Michigan corporation (the "Company"), entered into a Warrant Exercise Agreement with two holders (the "Holders") of warrants issued by the Company on August 16, 2013 (the "2013 Warrants") to purchase an aggregate of 7,333,000 shares of the Company's common stock, no par value ("Common Stock"). Pursuant to the Warrant Exercise Agreements, the Holders agreed to exercise the 2013 Warrants at the existing exercise price of $0.375 in exchange for a fee of an aggregate amount of approximately $1,209,945. The net proceeds to the Company in connection with the exercise of the 2013 Warrants, after deducting estimated expenses, are approximately $1,470,000. As a result of these transactions, there are now 22,667,000 2013Warrants outstanding and the warrant liability has been reduced by approximately 24%.

The foregoing description of the Warrant Exercise Agreements does not purport to be complete and is qualified in its entirety by reference to the Form of Warrant Exercise Agreement which is filed herewith as Exhibit 10 and incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

Exhibit 10 Form of Warrant Exercise Agreement

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