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

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
MRTX > SEC Filings for MRTX > Form 8-K on 6-Jan-2017All Recent SEC Filings

Show all filings for MIRATI THERAPEUTICS, INC.

Form 8-K for MIRATI THERAPEUTICS, INC.


6-Jan-2017

Other Events, Financial Statements and Exhibits


Item 8.01 Other Events.

On January 6, 2017, Mirati Therapeutics, Inc. ("we," "Mirati" or the "Company") entered into an underwriting agreement (the "Underwriting Agreement") with Leerink Partners LLC (the "Underwriter"), pursuant to which we agreed to issue and sell an aggregate of (i) 4,350,176 shares of our common stock, par value $0.001 per share (the "Shares"), and (ii) pre-funded warrants to purchase 7,258,263 shares of our common stock (the "Pre-Funded Warrants"). The Pre-Funded Warrants will be exercisable at an exercise price of $0.001 per share. The Shares will be sold at a public offering price of $5.60 per Share. The Pre-Funded Warrants will be sold at a public offering price of $5.599 per Pre-Funded Warrant, which represents the per share public offering price for the common stock less the $0.001 per share exercise price for each such Pre-Funded Warrant. Under the terms of the Underwriting Agreement, we granted the Underwriter an option, exercisable for 30 days, to purchase up to an additional 652,526 shares of our common stock. The offering is scheduled to close on or about January 11, 2017, subject to customary closing conditions.

We estimate that gross proceeds we will receive from the offering will be approximately $65.0 million, before deducting the Underwriter's discounts and estimated offering expenses payable by us, and assuming no exercise of the option to purchase additional shares.

The Underwriting Agreement contains customary representations, warranties and agreements by us, customary conditions to closing, indemnification obligations of us and the Underwriter, 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.

The offering was made pursuant to our effective registration statement on Form S-3 (Registration Statement No. 333-207848) previously filed with the Securities and Exchange Commission ("SEC") and a related prospectus. The Underwriting Agreement is filed as Exhibit 1.1 to this report and the 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 securities in the offering is attached as Exhibit 5.1 hereto.

On January 5, 2017, we issued a press release announcing that we had commenced the offering. On January 6, 2017, we issued a press release announcing that we had priced the offering. Copies of these press releases are attached as Exhibits 99.1 and 99.2 hereto, respectively



Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.                     Description

1.1           Underwriting Agreement, dated January 6, 2017.

4.1           Form of Pre-Funded Warrant.

5.1           Opinion of Cooley LLP.

23.1          Consent of Cooley LLP (included in Exhibit 5.1).

99.1          Press release, dated January 5, 2017.

99.2          Press release, dated January 6, 2017.


Forward-Looking Statements

Certain statements contained in this report, other than statements of fact that are independently verifiable at the date hereof, may constitute forward-looking information and forward-looking statements (collectively "forward-looking statements" within the meaning of applicable securities laws). Such statements, based as they are on the current expectations of management of Mirati and upon what management believes to be reasonable assumptions based on information currently available to it, inherently involve numerous risks and uncertainties, known and unknown, many of which are beyond Mirati's control. Such statements can usually be identified by the use of words such as "may", "would", "believe", "intend", "plan", "anticipate", "estimate" and other similar terminology, or state that certain actions, events or results "may" or "would" be taken, occur or be achieved. Forward-looking statements in this report include, but are not limited to, statements related to Mirati's expectations regarding the completion, timing and size of its public offering of securities, and the expected gross proceeds from the offering.

Whether actual results and developments will conform with Mirati's expectations and predictions is subject to a number of risks, assumptions and uncertainties, many of which are beyond Mirati's control, and the effects of which can be difficult to predict. These risks include those associated with market risks and uncertainties and the satisfaction of customary closing conditions for an offering of securities, as well as those inherent in drug development, whether Mirati will be able to obtain financing when needed or on favorable terms, and other risks described in Mirati's filings with the SEC. In evaluating any forward-looking statements in this report, Mirati cautions readers not to place undue reliance on any forward-looking statements. Unless otherwise required by applicable securities laws, Mirati does not intend, nor does it undertake any obligation, to update or revise any forward-looking statements contained in this report to reflect subsequent information, events, results or circumstances or otherwise.


  Add MRTX to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for MRTX - All Recent SEC Filings
Copyright © 2017 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.