Item 1.01. Entry into a Material Definitive Agreement.
Registered Direct Offering
On
The Placement Agent Agreement contains customary representations, warranties and agreements by the Company, customary conditions to closing, indemnification obligations of the Company and the Placement Agent, including for liabilities under the Securities Act of 1933, as amended, other obligations of the parties and termination provisions.
On
The Registered Offering was made pursuant to a Registration Statement (No.
333-226988) on Form S-3, which was filed by the Company with the
The Registered Offering closed on
Private Placement
The Purchase Agreement also provides for a concurrent private placement (the
"Private Placement") of warrants to purchase the Company's Common Stock (the
"Warrants") with the purchasers in the Registered Offering. The Warrants will be
exercisable for an aggregate of 5,000,000 shares of Common Stock beginning on
the six-month anniversary of their issuance. The Warrants will have an exercise
price of
The Placement Agent Agreement, Purchase Agreement and form of Warrant are filed as Exhibits 1.1, 10.1 and 4.1, respectively, to this Current Report on Form 8-K and are incorporated herein by reference. The above descriptions of the terms of the Placement Agent Agreement, Purchase Agreement and Warrants are qualified in their entirety by reference to such exhibits.
Item 3.02. Unregistered Sales of
The information under Item 1.01 of this Current Report on Form 8-K regarding the Warrants and the shares of Common Stock issuable upon exercise of the Warrants is incorporated herein by reference.
Item 8.01 Other Events.
The Company issued a press release announcing the Registered Offering and the
Private Placement on
Item 9.01 Exhibits. (d) Exhibits
The following exhibits are filed as part of this report:
Exhibit No. Description 1.1 Placement Agent Agreement datedJanuary 21, 2020 , betweenAdvaxis, Inc. and A.G.P./Alliance Global Partners . 4.1 Form of Warrant. 5.1 Opinion ofMorgan, Lewis & Bockius LLP . 10.1 Securities Purchase Agreement datedJanuary 21, 2020 , by and amongAdvaxis, Inc. and the purchasers identified on the signature pages thereto. 23.1 Consent ofMorgan, Lewis & Bockius LLP (included in Exhibit 5.1). 99.1 Press Release datedJanuary 21, 2020 , entitled "Advaxis, Inc. Announces Pricing of$10.5 Million Registered Direct Offering."
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