COHBAR, INC. (OTCMKTS:CWBR) Files An 8-K Entry into a Material Definitive AgreementItem 1.01 Entry into a Material Definitive Agreement.
On June 12, 2018, CohBar, Inc. (the “Company”) entered into a Controlled Equity OfferingSMSales Agreement (the “Sales Agreement”) with Cantor Fitzgerald& Co. (“Cantor Fitzgerald”), as sales agent, to which the Company may offer and sell, from time to time, through Cantor Fitzgerald, shares of its common stock, par value $0.001 per share (“Common Stock”). Also on June 12, 2018, the Company filed a prospectus supplement registering the offer and sale of shares of Common Stock of up to $20.0 million to the Sales Agreement (the “Prospectus Supplement”).
The Company is not obligated to sell any shares under the Sales Agreement. Subject to the terms and conditions of the Sales Agreement, and, based upon the Company’s instructions, including any price, time or size limits specified by the Company, Cantor Fitzgerald will use commercially reasonable efforts consistent with its normal trading and sales practices, applicable state and federal law, rulesand regulations and the rulesof the Nasdaq Capital Market to sell shares from time to time. Under the Sales Agreement, Cantor Fitzgerald may sell shares by any method deemed to be an “at the market offering” as defined in Rule415(a)(4)under the U.S. Securities Act of 1933, as amended, or any other method permitted by law. Cantor Fitzgerald’s obligations to sell shares under the Sales Agreement are subject to satisfaction of certain conditions, including customary closing conditions. The Company will pay Cantor Fitzgerald a commission equal to 3.0% of the aggregate gross proceeds from each sale of shares and has agreed to provide Cantor Fitzgerald with customary indemnification and contribution rights. The Company has also agreed to reimburse Cantor Fitzgerald for certain specified expenses.
Sales of shares of Common Stock under the Sales Agreement will be made to the registration statement on FormS-3 (File No.333-221724), which was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on December 1, 2017, and the Prospectus Supplement.
The foregoing summary of the Sales Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Sales Agreement, which is included as Exhibit10.1 hereto.
The representations, warranties and covenants contained in the Sales Agreement were made solely for the benefit of the parties to the Sales Agreement. In addition, such representations, warranties and covenants (i) are intended as a way of allocating the risk between the parties to the Sales Agreement and not as statements of fact, and (ii) may apply standards of materiality in a way that is different from what may be viewed as material by shareholders of, or other investors in, the Company. Accordingly, the Sales Agreement is filed with this report only to provide investors with information regarding the terms of transactions, and not to provide investors with any other factual information regarding the Company. Shareholders should not rely on the representations, warranties and covenants or any descriptions thereof as characterizations of the actual state of facts or condition of the Company. Moreover, information concerning the subject matter of the representations and warranties may change after the date of the Sales Agreement, which subsequent information may or may not be fully reflected in public disclosures.
This Current Report on Form8-K shall not constitute an offer to sell or the solicitation of an offer to buy any shares under the Sales Agreement, nor shall there be any sale of such shares in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Item 9.01Financial Statements and Exhibits.
(d)
CohBar, Inc. ExhibitEX-5.1 2 f8k061118ex5-1_cohbar.htm OPINION OF GARVEY SCHUBERT BARER,…To view the full exhibit click here
