Naked Brand Group Inc. (NASDAQ:NAKD) Files An 8-K Entry into a Material Definitive Agreement
Item1.01.
| Entry Into a Material Definitive Agreement. |
On March 30, 2017, Naked Brand Group Inc. (the Company) and Maxim
Group LLC (Maxim) entered into Amendment No. 1 to At The Market
Offering Agreement (the Amendment). As previously disclosed in
the Companys Current Report on Form 8-K filed with the U.S.
Securities and Exchange Commission on February 10, 2017, the
Company entered into an At The Market Offering Agreement (the
Original Agreement) with Maxim to which the Company may sell
shares of the Companys common stock, par value $0.001 per share
(the Shares), through Maxim, as sales agent, in connection with
the Companys at-the-market equity offering program (the ATM
Offering). Prior to March 30, 2017, an aggregate of $4,999,978 of
Shares had been sold in the ATM Offering. The Amendment, among
other things, increases the number of Shares that may be sold in
the ATM Offering to an aggregate of $5,500,000. Except as
specifically amended by the Amendment, the Original Agreement
remains in full force and effect and all other terms of the
Original Agreement remain unchanged.
The foregoing summary of the Amendment does not purport to be
complete and is qualified in its entirety by reference to the
Amendment, a copy of which is filed as Exhibit 10.1 to this
Current Report on Form 8-K (this Current Report).
Attached as Exhibit 5.1 to this Current Report is the opinion of
Duane Morris LLP relating to the legality of the issuance and
sale of the Shares.
This Current Report shall not constitute an offer to sell or the
solicitation of an offer to buy any of the Shares, nor shall
there be any sale of the 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 9.01. | Financial Statements and Exhibits. |
(d)Exhibits.
| Exhibit No. | Description |
| 5.1 | Opinion of Duane Morris LLP* |
| 10.1 |
Amendment No. 1 to At The Market Offering Agreement, dated March 30, 2017, between Naked Brand Group Inc. and Maxim Group LLC* |
| 23.1 | Consent of Duane Morris LLP (included in Exhibit 5.1)* |
* Filed herewith.
About Naked Brand Group Inc. (NASDAQ:NAKD)
Naked Brand Group Inc. is an apparel and lifestyle brand company. The Company is focused on innerwear products for women and men. The Company designs, manufactures and sells men’s and women’s underwear, intimate apparel, loungewear and sleepwear under Naked brand name. The Company sells its products through retail partners and direct to consumer through its online retail store www.wearnaked.com. The Company offers a range of innerwear products for men, including boxer briefs, trunks, briefs, undershirts, t-shirts, lounge pants, lounge shorts and robes. Its primary men’s collections include Luxury, Active and Essential. Its women’s collections include a range of products, such as boyshorts, hipsters, lounge pants and tops, camisoles, tank tops, pajamas, chemises and sleepshirts. The Company also makes French Terry robes, as well as Double Gauze woven cotton sleepwear. Naked Brand Group Inc. (NASDAQ:NAKD) Recent Trading Information
Naked Brand Group Inc. (NASDAQ:NAKD) closed its last trading session up +0.02 at 2.38 with shares trading hands.
