Search the web
Welcome, Guest
[Sign Out, My Account]
EDGAR_Online

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
OXGN > SEC Filings for OXGN > Form 8-K on 23-May-2014All Recent SEC Filings

Show all filings for OXIGENE INC

Form 8-K for OXIGENE INC


23-May-2014

Entry into a Material Definitive Agreement, Unregistered Sale of Equity Securities, F


Item 1.01 Entry into a Material Definitive Agreement

On May 22, 2014, OXiGENE, Inc., a Delaware corporation ("OXiGENE"), entered into a Securities Purchase Agreement (the "Purchase Agreement") with certain investors, pursuant to which OXiGENE agreed to sell approximately $16 million of registered shares of OXiGENE common stock, $0.01 par value per share (the "Common Stock") in an at-the-market direct offering (the "Offering") at $2.9625 per share. For each share of Common Stock purchased, investors will receive one-half of an unregistered warrant to purchase a share of Common Stock (the "Warrants"). The Warrants have an exercise price of $2.90 per share, shall be exercisable immediately and will expire five years and three months from the date of issuance. The closing of the Offering is expected to occur on or about May 28, 2014, subject to satisfaction of customary closing conditions set forth in the Purchase Agreement. The Purchase Agreement also contains representations, warranties, indemnification and other provisions customary for transactions of this nature.

OXiGENE has also entered into a Registration Rights Agreement with the investors (the "Registration Rights Agreement") pursuant to which OXiGENE is obligated to file a registration statement to register the resale of the shares of Common Stock issuable upon exercise of the Warrants within fifteen calendar days.

OXiGENE entered into a letter agreement with H.C. Wainwright & Co. (the "Placement Agent"), dated May 22, 2014, pursuant to which the Placement Agent agreed to serve as the agent for OXiGENE in connection with the Offering. OXiGENE agreed to pay the Placement Agent a cash placement fee equal to 6.5% of the aggregate purchase price for the securities sold in the Offering, plus a non-accountable expense allowance equal to 1% of the gross proceeds of all securities sold in the Offering, not to exceed $50,000. The Placement Agent will also receive Warrants equal to 4% of the aggregate number of shares of Common Stock sold in the Offering, at an exercise price of $3.625 per share.

In connection with OXiGENE's entry into the Purchase Agreement and the Registration Rights Agreement, OXiGENE will also enter into Amendment No. 8 to OXiGENE's Stockholder Rights Agreement ("Amendment No. 8") with American Stock Transfer & Trust Company, LLC, dated as of March 24, 2005, as amended (the "Stockholder Rights Agreement"), in order to exempt the issuances of securities that will be issued to the purchasers under the Purchase Agreement from the operation of the Stockholder Rights Agreement.

The foregoing descriptions of the Purchase Agreement, the Registration Rights Agreement, the Warrants, Amendment No. 8, and the letter agreement with the Placement Agent are subject to, and qualified in their entirety by, such documents attached hereto as Exhibits 10.1, 10.2, 4.1, 4.2, and 1.1, respectively, which are incorporated herein by reference.



Item 3.02 Unregistered Sales of Equity Securities.

The information contained above in Item 1.01 is hereby incorporated by reference into this Item 3.02. The issuance of the Warrants by OXiGENE under the Purchase Agreement is exempt from registration pursuant to Section 4(2) of the Securities Act of 1933, as amended.

Safe Harbor Statement

This Current Report on Form 8-K contains forward-looking statements. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of risks and uncertainties, including, without limitation, unforeseen changes in the course of OXiGENE's research and development activities and clinical trials; the satisfaction of the closing conditions to the Offering; the exercise of the Warrants, if issued; any increase in OXiGENE's cash needs; possible actions by customers, suppliers, competitors or regulatory authorities; and other risks detailed from time to time in OXiGENE's periodic reports filed with the Securities and Exchange Commission. OXiGENE undertakes no obligation to update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.




Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit
  No.                                     Description

 1.1         Letter agreement dated as of May 22, 2014, by and between OXiGENE,
             Inc. and H.C. Wainwright & Co.

 4.1         Form of Common Stock Purchase Warrant.

 4.2         Form of Amendment No. 8 to Stockholder Rights Agreement, by and
             between the Company and American Stock Transfer & Trust Company LLC.

 5.1         Opinion of Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.

10.1         Form of Securities Purchase Agreement, dated as of May 22, 2014, by
             and among OXiGENE, Inc. and the purchasers named therein.

10.2         Form of Registration Rights Agreement, dated as of May 22, 2014, by
             and among OXiGENE, Inc. and the purchasers named therein.

23.1         Consent of Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.
             (contained in Exhibit 5.1)


  Add OXGN to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for OXGN - All Recent SEC Filings
Copyright © 2014 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.