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EX-99.1 - EX-99.1 - Acer Therapeutics Inc.d594239dex991.htm
EX-5.1 - EX-5.1 - Acer Therapeutics Inc.d594239dex51.htm
EX-1.1 - EX-1.1 - Acer Therapeutics Inc.d594239dex11.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): August 1, 2018

 

 

ACER THERAPEUTICS INC.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   001-33004   32-0426967
(State or other jurisdiction
of incorporation)
  (Commission File Number)   (IRS Employer
Identification No.)

One Gateway Center, Suite 351

300 Washington Street

Newton, Massachusetts

  02458
(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code: (844) 902-6100

N/A

(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:

 

  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))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company    ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.    ☐

 

 

 


Item 1.01. Entry into a Material Definitive Agreement.

On August 1, 2018, Acer Therapeutics Inc. (the “Company”) entered into an Underwriting Agreement (the “Underwriting Agreement”) with William Blair & Company L.L.C. and Raymond James & Associates, Inc., as representatives of the several underwriters (the “Underwriters”), relating to the offering, issuance and sale of 2,222,222 shares of the Company’s common stock, $0.0001 par value per share, at a public offering price of $18.00 per share (the “Offering”). Pursuant to the Underwriting Agreement, the Underwriters agreed to purchase the shares of common stock from the Company at a price of $16.83 per share, which will result in approximately $36.9 million of net proceeds to the Company after deducting estimated underwriting discount and estimated offering expenses. The Offering is expected to close on or about August 3, 2018, subject to customary closing conditions. The Underwriters have a 30-day option to purchase up to an additional 333,333 shares of common stock. All of the shares in the Offering are being sold by the Company.

The Offering is being made pursuant to the Company’s effective shelf registration statement on Form S-3 (Registration No. 333-208314) previously filed with the Securities and Exchange Commission. The Offering is being made only by means of a prospectus supplement and an accompanying prospectus.

The Underwriting Agreement contains customary representations, warranties and agreements by the Company, 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 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 Underwriting Agreement is filed as Exhibit 1.1 hereto and is incorporated herein by reference. The foregoing description of the terms of the Underwriting Agreement is qualified in its entirety by reference to such exhibit. A copy of the opinion of Pillsbury Winthrop Shaw Pittman LLP relating to the legality of the issuance and sale of the shares in the Offering is attached as Exhibit 5.1 hereto.

A copy of the press release issued by the Company on August 1, 2018, relating to the Offering is attached as Exhibit 99.1 hereto and is incorporated herein by reference.

 

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

 

Exhibit No.

  

Description

  1.1    Underwriting Agreement, dated August 1, 2018, by and among Acer Therapeutics Inc. and William Blair  & Company, L.L.C. and Raymond James & Associates, Inc., as representatives of the several Underwriters.
  5.1    Opinion of Pillsbury Winthrop Shaw Pittman LLP.
23.1    Consent of Pillsbury Winthrop Shaw Pittman LLP (included in Exhibit 5.1).
99.1    Press release issued by Acer Therapeutics Inc. dated August 1, 2018 titled “Acer Therapeutics Announces Pricing of Underwritten Public Offering.”

 

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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, thereunto duly authorized.

 

Dated: August 1, 2018     ACER THERAPEUTICS INC.
    By:   /s/ Harry Palmin
      Harry Palmin
      Chief Financial Officer

 

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