Attached files

file filename
EX-99.1 - HARROW HEALTH, INC.ex99-1.htm
EX-5.1 - HARROW HEALTH, INC.ex5-1.htm
EX-1.1 - HARROW HEALTH, INC.ex1-1.htm
EX-99.2 - HARROW HEALTH, INC.ex99-2.htm

 

 

 

UNITED STATES

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 11, 2016

 

Imprimis Pharmaceuticals, Inc.

(Exact name of registrant as specified in its charter)

 

Delaware   001-35814   45-0567010
(State or other jurisdiction
of incorporation)
  (Commission
File Number)
  (IRS Employer
Identificatioãn No.)

 

12264 El Camino Real, Suite 350 San Diego, California   92130
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code (858) 704-4040

 

 

(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 (see General Instructions A.2. below):

 

[  ]   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

[  ]   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

[  ]   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

[  ]   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 March 11, 2016, Imprimis Pharmaceuticals, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with National Securities Corporation, as sole book-running manager, and Sterne Agee CRT, as co- manager (together, the “Underwriters”), relating to the public offering (the “Offering”) of 2.9 million shares of the Company’s common stock, $0.001 par value per share (the “Common Stock”), at a price to the public of $3.60 per share (the “Offering Price”). All of the shares in the Offering are being sold by the Company. Under the terms of the Underwriting Agreement, the Company also has granted the Underwriters a 45-day option to purchase up to an additional 15% of the shares of Common Stock offered in the Offering to cover over-allotments, if any, at the Offering Price. The net proceeds to the Company from the sale of the Common Stock, after deducting the Underwriters’ discounts and commissions and other estimated offering expenses payable by the Company, are expected to be approximately $9.7 million, and if the over-allotment option is exercised in full, the net proceeds will be approximately $11.1 million. The Offering is expected to close on March 16, 2016, subject to the satisfaction of customary closing conditions.

 

The Common Stock is being offered and sold pursuant to the Company’s Prospectus, dated September 29, 2014, and the Company’s Prospectus Supplement, dated March 11, 2016, as a takedown from the Company’s effective shelf registration statement on Form S-3 (File No. 333-198675) declared effective by the Securities and Exchange Commission on September 29, 2014.

 

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 Underwriting Agreement has been filed with this Current Report on Form 8-K to provide investors and security holders with information regarding its terms. It is not intended to provide any other factual information about the Company. 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 foregoing is only a brief description of the material terms of the Underwriting Agreement, does not purport to be a complete description of the rights and obligations of the parties thereunder, and is qualified in its entirety by reference to the Underwriting Agreement that is filed as Exhibit 1.1 to this Current Report on Form 8-K and incorporated by reference herein.

 

The legal opinion of Golenbock Eiseman Assor Bell & Peskoe LLP relating to the Common Stock being offered is filed as Exhibit 5.1 to this Current Report on Form 8-K.

 

Item 8.01 — Other Events.

 

On March 10, 2016, the Company issued a press release announcing the Offering. On March 11, 2016, the Company issued a press release announcing pricing of the Offering. Copies of the press releases are attached as Exhibits 99.1 and 99.2 to this Current Report on Form 8-K and are incorporated by reference herein.

 

  
  

 

Item 9.01 — Financial Statements and Exhibits

 

(d) Exhibits

 

Exhibit No.   Description
     
1.1   Underwriting Agreement, dated as of March 11, 2016, by and among Imprimis Pharmaceuticals, Inc., National Securities Corporation and Sterne Agee CRT
5.1   Opinion of Golenbock Eiseman Assor Bell & Peskoe LLP
23.1   Consent of Golenbock Eiseman Assor Bell & Peskoe LLP (included as part of Exhibit 5.1)
99.1   Press Release issued by Imprimis Pharmaceuticals, Inc. on March 10, 2016
99.2   Press Release issued by Imprimis Pharmaceuticals, Inc. on March 11, 2016

 

  
  

 

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.

 

  Imprimis Pharmaceuticals, Inc.
     
Date: March 11, 2016 By: /s/ Andrew R. Boll
  Name: Andrew R. Boll
  Title: Chief Financial Officer