Invitae Corporation (NYSE:NVTA) Files An 8-K Entry into a Material Definitive Agreement

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Invitae Corporation (NYSE:NVTA) Files An 8-K Entry into a Material Definitive Agreement

Item1.01

Entry into a Material Definitive Agreement.

On June11, 2017 (the Effective Date), Invitae Corporation
(Invitae) entered into a Stock Exchange Agreement (the Agreement)
with the stockholders named therein (the Selling Stockholders) of
Ommdom Inc., a Delaware corporation (Ommdom), as well as Jeff
Zisk solely in his capacity as agent of the Selling Stockholders,
to which Invitae acquired all of the outstanding capital stock of
Ommdom from the Selling Stockholders (the Acquisition). Ommdom
develops, commercializes and sells hereditary risk assessment and
management software, including CancerGene Connect, a cancer
genetic counseling platform. In connection with the Acquisition,
Invitae will issue shares of its common stock to the Selling
Shareholders as follows:

(i) an aggregate of approximately 600,122 shares within 10
business days after the Effective Date, which for each
Selling Stockholder represents a pro rata share of an initial
share amount being the quotient of (x)the sum of (A)such
Selling Stockholders entitlement to accrued dividends if such
Selling Stockholder owns shares of Ommdom preferred stock
plus (B)such Selling Stockholders prorata percentage of the
sum of $6,000,000 plus or minus certain adjustments (based
upon transaction expenses, net working capital, indebtedness
and preferred dividends) and minus an aggregate hold-back
amount of $600,000, divided by (y)the trailing average share
price of Invitae common stock for the five trading days
preceding the Effective Date; and
(ii) on the 12-month anniversary of the Effective Date, an amount
of shares equal to the quotient of (x)such Selling
Stockholders pro rata percentage of the $600,000 hold-back
amount divided by (y)the trailing average share price of
Invitae common stock for the five trading days preceding the
Effective Date, subject to a potential offset right of
Invitae relating to indemnification.

The Selling Stockholders (individually and with respect to
Ommdom) and Invitae each made certain customary representations,
warranties and covenants in the Agreement. In connection with the
closing, each Selling Stockholder agreed to certain
non-competition, non-solicitation and non-hire covenants as
further described in the Agreement. The Agreement also includes
(x)indemnification obligations in favor of Invitae from the
Selling Stockholders, including for breaches of representations,
warranties, covenants and agreements made by the Selling
Stockholders in the Agreement and (y)indemnification obligations
in favor of the Selling Stockholders from Invitae, including for
breaches of representations, warranties, covenants and agreements
made by Invitae in the Agreement.

The closing of the Acquisition was not subject to approval by any
applicable governmental entity or the approval of the
stockholders of Invitae. As a result of the Acquisition, Ommdom
became a wholly owned subsidiary of Invitae.

As of June9, 2017, there were 42,935,737 shares of Invitae common
stock outstanding. As a result of the closing of the Acquisition,
the Selling Stockholders will beneficially own (based upon the
initial issuance contemplated by clause (i)above, but without
reference to the issuance contemplated by clause (ii)above)
approximately 1.4% of the outstanding shares of Invitae common
stock.

The shares of Invitae common stock issued to the Selling
Stockholders will be issued in reliance upon the exemption from
registration afforded by Section4(a)(2) of the Securities Act of
1933, as amended. Each Selling Stockholder made certain
representations as to such Selling Stockholder and that the
shares were being acquired for such Selling Stockholders own
account for investment purposes only and not with a view to, or
for sale in connection with, any distribution thereof, and that
such Selling Stockholder could bear the risks of the investment
and could hold the shares for an indefinite period of time.

The foregoing description of the Agreement does not purport to be
complete and is qualified in its entirety by reference to a copy
of the form of Agreement attached hereto as Exhibit 2.1 and which
is incorporated herein by reference.

The Agreement has been included to provide investors and
security holders with information regarding its terms. It is not
intended to provide any other factual information about Invitae,
Ommdom or the Selling Stockholders. The Agreement contains
representations and warranties by the Selling Stockholders and by
Invitae, made solely for the benefit of the other. The assertions
embodied in those representations and warranties are qualified by
information in confidential disclosure schedules delivered by the
Selling Stockholders in connection

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with the signing of the Agreement. Certain representations
and warranties in the Agreement were made as of a specified date,
may be subject to a contractual standard of materiality different
from what might be viewed as material to investors, or may have
been used for the purpose of allocating risk between the Selling
Stockholders and Invitae. Accordingly, the representations and
warranties in the Agreement should not be relied on by any
persons as characterizations of the actual state of facts at the
time they were made or otherwise. In addition, information
concerning the subject matter of the representations and
warranties may change after the date of the Agreement, which
subsequent information may or may not be fully reflected in
Invitaes public disclosures.

Item2.01 Completion of Acquisition or Disposition of
Assets.

The information required to be disclosed under this Item2.01 is
set forth in Item1.01 above and is incorporated by reference into
this Item2.01.

Item2.03 Creation of a Direct Financial Obligation or an
Obligation under an Off-Balance Sheet Arrangement of a
Registrant

The information required to be disclosed under this Item2.03 is
set forth in Item1.01 above and is incorporated by reference into
this Item2.03.

Item3.02 Unregistered Sales of Equity Securities

The information required to be disclosed under this Item3.02 is
set forth in Item1.01 above and is incorporated by reference into
this Item3.02.

Item8.01 Other Events

On June12, 2017, Invitae issued a press release with respect to
the Acquisition. A copy of such press release is attached hereto
as Exhibit 99.1 and is incorporated herein by reference.

Item9.01 Financial Statements and Exhibits.
(d) Exhibits

ExhibitNo.

Description

2.1@ Form of Stock Exchange Agreement dated as of June11, 2017 by
and among Invitae Corporation, each of the selling
Stockholders listed on Schedule 1 thereto, and the sellers
agent.
99.1 Press release issued by Invitae Corporation on June12, 2017.
@ The schedules and exhibits to this agreement have been
omitted to Item601(b)(2) of Regulation S-K. A copy of any
omitted schedule and/or exhibit will be furnished to the SEC
upon request.

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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.

Dated: June13, 2017

INVITAE CORPORATION
By: /s/ Thomas R. Brida
Name:

Thomas R. Brida

Title:

General Counsel

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EXHIBIT INDEX

ExhibitNo.

Description

2.1@ Form of Stock Exchange Agreement dated as of June 11, 2017 by
and among Invitae Corporation, each of the selling
stockholders listed on Schedule 1 thereto, and the sellers
agent.
99.1 Press release issued by Invitae Corporation on June 12, 2017.
@ The schedules and exhibits to this agreement have been
omitted


About Invitae Corporation (NYSE:NVTA)

Invitae Corporation (Invitae) utilizes an integrated portfolio of laboratory processes, software tools and informatics capabilities to process deoxyribonucleic acid (DNA)-containing samples, analyze information about patient-specific genetic variation and generate test reports for clinicians and their patients. The Company’s laboratory is located in San Francisco, California. The Company’s product is an assay of over 600 genes that can be used for multiple indications. The test includes multiple genes associated with hereditary cancer, neurological disorders, cardiovascular disorders and other hereditary conditions. The Company offers panels for over 120 conditions in hereditary cancer, cardiology, neuromuscular, pediatric and rare diseases. The Company offers full gene sequencing and deletion/duplication analysis as a standard for all of its tests. It has developed an offering that enables healthcare professionals to customize a test and receive test results at requisition.