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

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
CBMX > SEC Filings for CBMX > Form 8-K on 10-Jun-2014All Recent SEC Filings

Show all filings for COMBIMATRIX CORP

Form 8-K for COMBIMATRIX CORP


10-Jun-2014

Entry into a Material Definitive Agreement, Unregistered Sale of Equity Securiti


Item 1.01. Entry into Material Definitive Agreement.

The information set forth in Item 3.03 of this Current Report with respect to the Amendments (as defined below) and Additional Warrants (as defined below) is incorporated herein by reference.



Item 3.02. Unregistered Sales of Equity Securities.

The information set forth in Item 3.03 of this Current Report with respect to the Additional Warrants (as defined below) is incorporated herein by reference. The issuance of the Additional Warrants has been determined to be exempt from registration under the Securities Act of 1933 in reliance on Section 4(2) of the Securities Act and Rule 506 of Regulation D promulgated thereunder, as transactions by an issuer not involving a public offering, in which the investors are accredited and have acquired the securities for investment purposes only and not with a view to or for sale in connection with any distribution thereof.



Item 3.03. Material Modification to Rights of Security
Holders.

On June 4, 2014, CombiMatrix Corporation (the "Company") entered into an Amendment No. 2 to Common Stock Purchase Warrants (the "Amendments") with holders (the "Holders") of certain of the Company's warrants to purchase up to an aggregate of 168,100 shares of the Company's Common Stock, $0.001 par value per share, that were originally issued on October 1, 2012 (the "Warrants").

The Warrants as originally issued provided for price anti-dilution adjustments to be made upon certain dilutive issuances and provided for a Black-Scholes repurchase option in the event of a Fundamental Transaction (as defined in the Warrants). The Company's board of directors approved amending the Warrants to remove these provisions. Upon the Company entering into an Amendment with each Holder, and in consideration of such Amendments, the Company issued additional warrants to the Holders to purchase up to an aggregate of 25,213 shares of the Company's Common Stock, $0.001 par value per share, which represents 15% of the outstanding Warrants held by such Holders who agreed to the Amendments (the "Additional Warrants"). The Additional Warrants contain the same terms as the Warrants, as amended by the Amendments, including having an exercise price per share of $2.06 and an expiration date of April 1, 2018, but are not subject to any registration rights.



Item 9.01. Financial Statements and Exhibits.

(a) Not Applicable.

(b) Not Applicable.

(c) Not Applicable.

(d) Exhibits.

10.1 Form of Amendment No. 2 to Common Stock Purchase Warrant dated June 4, 2014

10.2 Form of Additional Common Stock Purchase Warrant issued June 4, 2014


  Add CBMX to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for CBMX - 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.