Immunomedics 8-K 2014
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): May 2, 2014
(Exact Name of Registrant as Specified in Charter)
(Registrants telephone number, including area code)
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
On May 2, 2014, Immunomedics, Inc., a Delaware corporation (the Company), announced that it has priced its previously announced underwritten public offering pursuant to which the Company issued and sold an aggregate of 9,000,000 shares of its common stock, par value $0.01 per share (the Common Stock), at a purchase price of $3.35 per share, for aggregate gross proceeds of approximately $30,150,000, before deducting estimated fees and expenses associated with the offering (the Offering). Pursuant to the terms of the Underwriting Agreement (the Underwriting Agreement) entered into by and among the Company and Wells Fargo Securities, LLC and Jefferies LLC (collectively, the Underwriters), the Company granted to the Underwriters a 30-day option to purchase up to an additional 1,350,000 shares of Common Stock. The initial closing is expected to take place on May 7, 2014, subject to the satisfaction of customary closing conditions. The shares of common stock offered by the Company in this transaction were registered under the Companys existing shelf registration statement on Form S-3, as amended (File No. 333-184377), which was declared effective by the Securities and Exchange Commission on October 26, 2012.
The Company will pay the Underwriters an aggregate fee equal to 6.0% of the gross proceeds of the Offering equal to approximately $1,809,000, plus estimated expenses of the Offering equal to approximately $316,000.
A copy of each of the form of Underwriting Agreement and the related press release of the Company, dated May 2, 2014, are filed herewith as Exhibits 1.1 and 99.1, respectively, and are incorporated herein by reference. The foregoing description of the Offering by the Company and the documents related thereto, is qualified in its entirety by reference to such Exhibits.
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.
Date: May 2, 2014