SAVARA INC. (NASDAQ:SVRA) Files An 8-K Entry into a Material Definitive Agreement

Item1.01.

On June2, 2017, Savara Inc. (the Company) entered into an
underwriting agreement (the Underwriting Agreement) with
Jefferies LLC, as representative of the several underwriters
named therein (the Underwriters), relating to the sale and
issuance of 8,421,053 shares (the Shares) of the Companys common
stock, par value $0.001 per share (the Common Stock). The
offering price to the public is $4.75 per share, and the
Underwriters have agreed to purchase the Shares from the Company
to the Underwriting Agreement at a price of $4.4175 per share.
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 1,263,157 shares of Common Stock at
the same price per share as the Shares.

The Company estimates that the net proceeds from the offering
will be approximately $36.9million, or approximately $42.5million
if the Underwriters option to purchase additional shares is
exercised in full.

The Shares will be issued to the Companys shelf registration
statement on Form S-3 (File No.333-202960). A prospectus
supplement relating to the offering will be filed with the SEC.
The offering is expected to close on June7, 2017, subject to the
satisfaction of customary closing conditions.

The foregoing description of the material terms of the
Underwriting Agreement does not purport to be complete and is
qualified in its entirety by reference to the Underwriting
Agreement, a copy of which is filed as Exhibit 1.1 to this
Current Report on Form 8-K and is incorporated herein
by reference.