Attached files
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EX-4.1 - EX-4.1 - XENONICS HOLDINGS, INC. | a55693exv4w1.htm |
EX-1.1 - EX-1.1 - XENONICS HOLDINGS, INC. | a55693exv1w1.htm |
EX-5.1 - EX-5.1 - XENONICS HOLDINGS, INC. | a55693exv5w1.htm |
EX-10.1 - EX-10.1 - XENONICS HOLDINGS, INC. | a55693exv10w1.htm |
EX-99.1 - EX-99.1 - XENONICS HOLDINGS, INC. | a55693exv99w1.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of Report (date of earliest event reported): March 31, 2010
Xenonics Holdings, Inc.
(Exact name of registrant as specified in its charter)
Nevada | 001-32469 | 84-1433854 | ||
(State or other jurisdiction | (Commission | (I.R.S. Employer | ||
of incorporation) | File Number) | Identification No.) |
3186 Lionshead Avenue | ||
Carlsbad, California | 92010 | |
(Address of principal executive offices) | (Zip Code) |
Registrants telephone number, including area code: (760) 477-8900 |
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item 1.01. Entry into a Material Definitive Agreement.
On April 2, 2010, Xenonics Holdings, Inc. (the Company) filed with the Securities and
Exchange Commission (the Commission) a Prospectus Supplement dated April 1, 2010 (the Prospectus
Supplement) that relates to the offering by the Company (the Offering) of 4,000,000 shares of
common stock and warrants to purchase 4,000,000 shares of common stock (and the shares of common
stock that are issuable from time to time upon exercise of these warrants). Each share of common
stock will be sold for a purchase price of $0.50 and will be accompanied by a warrant to purchase
an additional share of common stock at an exercise price of $0.65. Each warrant will be
exercisable during the period commencing six months after the date of its issuance and ending five
years after the date that the warrant became exercisable.
The Offering is being made pursuant to the Companys shelf registration statement on Form S-3
(File No. 333-165577), which was declared effective by the Commission on March 30, 2010. The
Company filed the Prospectus Supplement in accordance with Rule 424(b)(5) of the Securities Act of
1933, as amended.
EarlyBirdCapital, Inc. is serving as the Companys exclusive placement agent in connection
with the Offering pursuant to an agreement with the Company dated as
of March 31, 2010 (the
Placement Agent Agreement), a copy of which is filed as Exhibit 1.1 hereto and incorporated
herein.
The Offering contemplates that the Company will enter into a Securities Purchase Agreement
dated as of April 1, 2010 (the Securities Purchase Agreement) with each investor who elects to
purchase common stock and warrants in the Offering. The Securities Purchase Agreement contains
customary representations, warranties and agreements by the Company, including indemnification
obligations on the part of the Company. A copy of the Securities Purchase Agreement is filed as
Exhibit 10.1 hereto and incorporated herein, and a copy of the Common Stock Purchase Warrant (the
Warrant) that will be issued by the Company to each investor is filed as Exhibit 4.1 hereto and
incorporated herein.
On April 1, 2010, the Company issued a press release (the Press Release) announcing that it
has entered into the Securities Purchase Agreement with institutional investors with respect to the
sale of 2,900,000 shares of common stock (representing aggregate gross proceeds of $1,450,000) and
warrants to purchase 2,900,000 shares of common stock on the terms described above. The Company
anticipates that its sales of common stock and warrants to those investors will close on or about
April 6, 2010, subject to customary closing conditions. A copy of the Press Release is filed as
Exhibit 99.1 hereto and incorporated herein.
The preceding summary is subject to, and qualified by, the full text of the Securities
Purchase Agreement, the Warrant, the Placement Agent Agreement and the Press Release, which are
filed as exhibits to this Current Report on Form 8-K.
A copy of the opinion letter of TroyGould PC relating to the securities to be issued in the
Offering is filed as Exhibit 5.1 hereto and incorporated herein.
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Item 9.01. Financial Statements and Exhibits.
Exhibit No. | Description | |
1.1
|
Placement Agent Agreement dated as of March 31, 2010 between Xenonics Holdings, Inc. and EarlyBirdCapital, Inc. | |
4.1
|
Form of Warrant between Xenonics Holdings, Inc. and the investors who are parties to the Securities Purchase Agreement dated as of April 1, 2010 with Xenonics Holdings, Inc. | |
5.1
|
Opinion of TroyGould PC. | |
10.1
|
Securities Purchase Agreement dated as of April 1, 2010 between Xenonics Holdings, Inc. and the investors identified on the signature pages thereto. | |
23.1
|
Consent of TroyGould PC (contained in Exhibit 5.1). | |
99.1
|
Press release of Xenonics Holdings, Inc. issued on April 1, 2010. |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
April 2, 2010 | XENONICS HOLDINGS, INC. |
|||
By: | /s/ Richard S. Kay | |||
Name: | Richard S. Kay | |||
Title: | Chief Financial Officer |
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Exhibit Index
Exhibit No. | Description | |
1.1
|
Placement Agent Agreement dated as of March 31, 2010 between Xenonics Holdings, Inc. and EarlyBirdCapital, Inc. | |
4.1
|
Form of Warrant between Xenonics Holdings, Inc. and the investors who are parties to the Securities Purchase Agreement dated as of April 1, 2010 with Xenonics Holdings, Inc. | |
5.1
|
Opinion of TroyGould PC. | |
10.1
|
Securities Purchase Agreement dated as of April 1, 2010 between Xenonics Holdings, Inc. and the investors identified on the signature pages thereto. | |
23.1
|
Consent of TroyGould PC (contained in Exhibit 5.1). | |
99.1
|
Press release of Xenonics Holdings, Inc. issued on April 1, 2010. |
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