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XOMA > SEC Filings for XOMA > Form 8-K on 13-Dec-2013All Recent SEC Filings

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Form 8-K for XOMA CORP


Other Events

Item 8.01. Other Events.

On December 13, 2013, XOMA Corporation (the "Company") entered into an underwriting agreement (the "Underwriting Agreement") with Credit Suisse Securities (USA) LLC and Jefferies LLC, as representatives of the underwriters named therein (the "Underwriters"), relating to the public offering and sale (the "Offering") of 9,500,000 shares of the Company's common stock. The price to the public in this offering is $5.25 per share, and the Underwriters have agreed to purchase the shares from the Company pursuant to the Underwriting Agreement at a price of $4.935 per share. The net proceeds to the Company are expected to be approximately $46.5 million after deducting underwriting discounts and commissions and estimated offering expenses. The sale of such shares is expected to close on December 18, 2013, subject to customary closing conditions. The Company has also granted the Underwriters a 30-day option to purchase up to an additional 1,425,000 shares at the same price.

The Offering is being made pursuant to the Company's effective shelf registration statement on Form S-3 (Registration No. 333-191078), including the prospectus dated September 20, 2013 contained therein, as the same has been supplemented.

The Underwriting Agreement contains customary representations, warranties and agreements by the Company, customary conditions to closing, indemnification obligations of the Company and the Underwriters, including for liabilities under the Securities Act of 1933, as amended, other obligations of the parties and termination provisions. The representations, warranties and covenants contained in the Underwriting Agreement were made only for purposes of such agreement and as of specific dates, were solely for the benefit of the parties to such agreement and may be subject to limitations agreed upon by the contracting parties.

A copy of the Underwriting Agreement is attached hereto as Exhibit 1.1 and is incorporated herein by reference. The foregoing description of the terms of the Underwriting Agreement is qualified in its entirety by reference to such exhibit. A copy of the opinion of Cooley LLP relating to the legality of the issuance and sale of the shares in this Offering is attached as Exhibit 5.1 hereto.

Item 9.01. Exhibits.

1.1 Underwriting Agreement, dated December 13, 2013

5.1 Opinion of Cooley LLP

23.1 Consent of Cooley LLP (included in Exhibit 5.1)

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