Attached files
| file | filename |
|---|---|
| EX-99.1 - EXHIBIT 99.1 - DOMO, INC. | domopressreleaseextensiono.htm |
| EX-10.1 - EXHIBIT 10.1 - DOMO, INC. | domotennenbaum.htm |
| EX-4.1 - EXHIBIT 4.1 - DOMO, INC. | a-rwarrant.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): January 4, 2019
DOMO, INC.
(Exact name of registrant as specified in its charter)
Delaware | 001-38553 | 27-3687433 | ||
(State or other jurisdiction of incorporation or organization) | (Commission File Number) | (I.R.S. Employer Identification Number) | ||
772 East Utah Valley Drive
American Fork, UT 84003
(Address of principal executive offices)
Registrant’s telephone number, including area code: (801) 899-1000
Not applicable
(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)) |
x | Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934. |
¨ | 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 Agreement.
On January 4, 2019, Domo, Inc., a Delaware corporation (“Domo”) entered into a Third Amendment to Loan and Security Agreement (the “Amendment”) which amends that certain Loan and Security Agreement, dated as of December 5, 2017, among Domo, Domo, Inc., a Utah corporation, the lenders from time to time party thereto (collectively, the “Lenders”), Obsidian Agency Services Inc., as collateral agent for the Lenders and Wilmington Trust, National Association, as administrative agent for the Lenders (as amended, the “Loan Agreement”).
Among other things, the Amendment amends the Loan Agreement to (i) extend the maturity date for outstanding loans to October 1, 2022, (ii) revise the maximum debt ratio financial covenant, (iii) increase the amount of certain fees payable thereunder and (iv) modify the terms pursuant to which outstanding loans may be prepaid.
In connection with the Loan Agreement, Domo issued to the Lenders warrants to purchase an aggregate of 66,664 shares of its Class B common stock at an exercise price of $45.00 per share. In connection with the Amendment, such warrants were amended and restated to be exercisable for an aggregate of 125,000 shares of Class B common stock at an exercise price of $17.8736 per share (such warrants, as amended, the “Amended Warrants”).
The foregoing descriptions of the Amendment and the Amended Warrants are qualified in its entirety by references to the Amendment and the Amended Warrants, copies of which are attached as Exhibit 10.1 and Exhibit 4.1 hereto and incorporated herein by reference.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information set forth under Item 1.01 above is incorporated by reference into this Item 2.03.
Item 3.02 Unregistered Sales of Equity Securities.
The information set forth in Item 1.01 above is incorporated by reference into this Item 3.02. The issuance of the Amended Warrants was exempt from registration pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended.
Item 9.01 – Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. | Description | |
10.1 | ||
4.1 | ||
99.1 | ||
SIGNATURE
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.
DOMO, INC. | ||||
Date: January 7, 2019 | By: | /s/ Bruce Felt | ||
Bruce Felt | ||||
Chief Financial Officer | ||||