Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal
Year.
On January 17, 2023, VYNE Therapeutics Inc. (the "Company") redeemed all
outstanding shares of its Series A Convertible Preferred Stock, par value
$0.0001 per share (the "Series A Preferred Stock"), for an aggregate of $360,000
paid to the sole holder of the Series A Preferred Stock. The redemption payment
represents 120% of the stated value of the Series A Preferred Stock pursuant to
the certificate of designation of the Series A Preferred Stock.
On January 17, 2023, the Company filed a Certificate of Elimination (the
"Certificate") with the Secretary of State of the State of Delaware with respect
to the Series A Preferred Stock. The Certificate (i) eliminated the previous
designation of 3,000 shares of Series A Preferred Stock from the Company's
Amended and Restated Certificate of Incorporation, none of which were
outstanding at the time of filing, and (ii) caused such shares of Series A
Preferred Stock to resume their status as authorized but unissued and
non-designated shares of preferred stock.
The foregoing description is qualified in its entirety by the Certificate, which
is attached as Exhibit 3.1 to this Current Report on Form 8-K and is
incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
The following exhibit is being filed herewith.
Exhibit No. Description
3.1 Certificate of Elimination of Series A Convertible Preferred Stock.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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