Current Report Filing (8-k)
April 29 2015 - 10:54AM
Edgar (US Regulatory)
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): April 28, 2015
CombiMatrix Corporation
(Exact Name of Registrant as Specified in Charter)
Delaware |
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001-33523 |
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47-0899439 |
(State or Other Jurisdiction |
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(Commission |
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(IRS Employer |
of Incorporation) |
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File Number) |
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Identification No.) |
310 Goddard, Suite 150, Irvine, CA |
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92618 |
(Address of Principal Executive Offices) |
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(Zip Code) |
Registrants telephone number, including area code (949) 753-0624
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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 3.02. Unregistered Sales of Equity Securities.
As previously reported in its Current Report on Form 8-K filed with the Securities and Exchange Commission on February 13, 2015 (the Prior 8-K), in consideration of an aggregate of $1,000, CombiMatrix Corporation (the Company) agreed with selected accredited pre-existing investors to sell them warrants to purchase 1,540,000 shares of Common Stock (the Private Placement Warrants), which Private Placement Warrants would not be issued unless and until the Companys stockholders approved amending the Companys Certificate of Incorporation to increase its authorized common stock in an amount sufficient to permit the issuance of the common stock issuable upon exercise of the Private Placement Warrants.
As a result of the Companys Special Meeting of Stockholders held on April 28, 2015 and the filing of the Certificate of Amendment of the Companys Certificate of Incorporation on April 28, 2015, as described herein, the Company issued the Private Placement Warrants on April 29, 2015. The sale and issuance of the Private Placement Warrants and the issuance of shares of common stock upon exercise of the Private Placement Warrants have been determined to be exempt from registration under the Securities Act of 1933 in reliance on Sections 3(a)(9) and 4(a)(2) of the Securities Act of 1933, as amended, and Rule 506 of Regulation D promulgated thereunder as transactions by an issuer not involving a public offering. The investors represented that they are accredited investors, as that term is defined in Regulation D, and either a qualified institutional buyer as defined in Rule 144A(a) under the Securities Act or a large institutional investor that is purchasing the Private Placement Warrants as a result of its substantive, pre-existing relationship with the Company. The investors also have represented that they are acquiring the securities for investment purposes only and not with a view to or for sale in connection with any distribution thereof. The terms of the Private Placement Warrants were previously reported in the Prior 8-K and the form of Private Placement Warrant was previously filed as Exhibit 4.4 to the Prior 8-K.
Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
On April 28, 2015, CombiMatrix Corporation (the Company) filed with the Secretary of State of the State of Delaware a Certificate of Amendment of the Companys Certificate of Incorporation, which was approved by the Companys stockholders at the Companys Special Meeting of Stockholders held on April 28, 2015 and approved by the Companys Board of Directors. The Certificate of Amendment increases the number of authorized shares of Common Stock (including a corresponding increase in the Companys total authorized capital stock) from 25,000,000 shares to 50,000,000 shares. This summary is qualified in its entirety by reference to the Certificate of Amendment of the Companys Certificate of Incorporation attached hereto as Exhibit 3.1.
Item 5.07. Submission of Matters to a Vote of Security Holders.
CombiMatrix Corporation (the Company) held its 2015 special meeting of stockholders on April 28, 2015. The following proposals were approved according to the following final voting results:
To ratify the terms and issuance of the Companys Series E 6% Convertible Preferred Stock (Series E Stock), and to approve the issuance of such number of shares of Common Stock issuable upon conversion of the Series E Stock and upon exercise of certain warrants issued to the purchasers of the Companys Series E Stock, including shares issuable pursuant to the anti-dilution provisions of the Companys Series E Stock, exceeding 19.99% of the Companys outstanding Common Stock:
For |
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4,781,493 |
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Against |
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749,477 |
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Abstain |
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38,924 |
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Broker Non-Votes |
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4,323,779 |
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To approve an amendment to the Companys Certificate of Incorporation to increase the maximum number of shares of the Companys common stock authorized for issuance from 25,000,000 to 50,000,000 shares:
For |
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8,043,531 |
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Against |
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1,677,635 |
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Abstain |
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172,507 |
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Broker Non-Votes |
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0 |
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To ratify the appointment of Haskell & White LLP as the Companys independent registered public accounting firm for 2015:
For |
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9,410,979 |
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Against |
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398,142 |
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Abstain |
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84,552 |
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Broker Non-Votes |
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0 |
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To approve an adjournment of the Special Meeting, if necessary and appropriate, to solicit additional proxies if there are insufficient votes at the time of the Special Meeting to approve any of the proposals:
For |
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8,879,054 |
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Against |
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907,973 |
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Abstain |
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106,646 |
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Item 9.01. Financial Statements and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Not applicable.
(d) Exhibits.
Exhibit No. |
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Description of Exhibit |
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3.1 |
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Certificate of Amendment of Certificate of Incorporation. |
2
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 hereunto duly authorized.
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COMBIMATRIX CORPORATION |
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(Registrant) |
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Dated: April 29, 2015 |
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/s/ SCOTT R. BURELL |
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Scott R. Burell, Chief Financial Officer |
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Exhibit 3.1
CERTIFICATE OF AMENDMENT
OF THE
CERTIFICATE OF INCORPORATION
OF
COMBIMATRIX CORPORATION
Adopted in accordance with the provisions
of Section 242 of the General Corporation
Law of the State of Delaware
CombiMatrix Corporation, (the Corporation), a corporation organized and existing under the laws of the State of Delaware, by its duly authorized officer, does hereby certify:
FIRST: That the Board of Directors of the Corporation has duly adopted resolutions (i) authorizing the Corporation to execute and file with the Secretary of State of the State of Delaware an amendment of the Corporations Certificate of Incorporation to increase the authorized shares of the Corporations Common Stock, par value $0.001 per share; (ii) declaring such amendment to be advisable and (iii) directing that such amendment be considered at the Special Meeting of Stockholders held on April 28, 2015.
SECOND: That upon the effectiveness of this Certificate of Amendment of the Certificate of Incorporation, the Certificate of Incorporation is hereby amended by amending and restating Section 1 of Article IV to read as follows:
Authorization. The total number of shares of all classes of stock that the Corporation is authorized to issue is Fifty-Five Million (55,000,000) shares, consisting of Fifty Million (50,000,000) shares of Common Stock with a par value of $0.001 per share, and Five Million (5,000,000) shares of Preferred Stock with a par value of $0.001 per share.
THIRD: That, in accordance with the provisions of the Delaware General Corporation Law, the holders of a majority of the outstanding Common Stock of the Corporation entitled to vote thereon affirmatively voted in favor of the amendment at the Special Meeting of Stockholders held on April 28, 2015.
FOURTH: That the amendment was duly adopted in accordance with the provisions of Section 242 of the Delaware General Corporation Law by the Board of Directors and stockholders of the Corporation.
* * *
IN WITNESS WHEREOF, the Corporation has caused this Certificate of Amendment of the Certificate of Incorporation to be executed by Mark McDonough, its President and Chief Executive Officer, this 28th day of April, 2015.
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COMBIMATRIX CORPORATION |
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By: |
/s/ MARK MCDONOUGH |
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Mark McDonough |
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President and Chief Executive Officer |
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