Current Report Filing (8-k)
December 04 2019 - 4:47PM
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): December 3, 2019
KODIAK SCIENCES INC.
(Exact name of Registrant as Specified in Its Charter)
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Delaware
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001-38682
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27-0476525
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(State or Other Jurisdiction
of Incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.)
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2631 Hanover Street
Palo Alto, CA
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94304
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(Address of Principal Executive Offices)
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(Zip Code)
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Registrants telephone number, including area code: (650)
281-0850
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 (see General Instructions A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act:
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Title of each class
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Trading
Symbol(s)
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Name of each exchange
on which registered
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Common stock, par value $0.0001
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KOD
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The Nasdaq Stock Market LLC
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of
1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☒
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. ☒
On December 3, 2019, Kodiak Sciences Inc. (the Company) entered into an underwriting agreement (the Underwriting
Agreement) with J.P. Morgan Securities LLC, Goldman Sachs & Co. LLC and Jefferies LLC, as representatives of the several underwriters named therein (collectively, the Underwriters), relating to the public offering,
issuance and sale of 6,000,000 shares of its common stock, par value $0.0001 (Common Stock). The price to the public in the offering is $46.00 per share of Common Stock. Under the terms of the Underwriting Agreement, the Company also
granted the Underwriters an option exercisable for 30 days to purchase up to an additional 900,000 shares of Common Stock at the public offering price, less underwriting discounts and commissions. The gross proceeds to the Company from the offering
are expected to be approximately $276.0 million, before deducting underwriting discounts and commissions and other estimated offering expenses payable by the Company, or $317.4 million if the Underwriters exercise in full their option to
purchase additional shares. The offering is expected to close on December 6, 2019, subject to customary closing conditions.
The
Underwriting Agreement contains customary representations, warranties and agreements by the Company, customary conditions to closing, indemnification obligations of the Company and the Underwriters, including for liabilities under the Securities Act
of 1933, as amended, other obligations of the parties and termination provisions. The representations, warranties and covenants contained in the Underwriting Agreement were made only for purposes of such agreement and as of specific dates, were
solely for the benefit of the parties to such agreement and may be subject to limitations agreed upon by the contracting parties, including being qualified by confidential disclosures exchanged between the parties in connection with the execution of
the Underwriting Agreement.
The offering is being made pursuant to a registration statement on Form
S-3 (File No. 333-234443) and an accompanying prospectus previously filed with the SEC and a preliminary and final prospectus supplement thereunder. The
Underwriting Agreement is filed as Exhibit 1.1 hereto, and the description of the material terms of the Underwriting Agreement is qualified in its entirety by reference to such exhibit. A copy of the opinion of Cooley LLP relating to the legality of
the issuance and sale of the shares in the offering is attached as Exhibit 5.1 hereto.
Item 9.01
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Financial Statements and Exhibits.
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(d) The following exhibits are being filed herewith:
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 thereunto duly authorized.
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KODIAK SCIENCES INC.
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Date: December 4, 2019
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By:
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/s/ Victor Perlroth
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Name:
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Victor Perlroth, M.D.
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Title:
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Chief Executive Officer
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