Current Report Filing (8-k)
December 02 2015 - 4:32PM
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): November 25, 2015
AMARANTUS BIOSCIENCE HOLDINGS, INC.
(Exact name of registrant as specified
in its charter)
Nevada |
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000-55016 |
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26-0690857 |
(State or other jurisdiction of incorporation or organization) |
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(Commission File Number) |
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IRS Employer
Identification No.) |
655 Montgomery Street, Suite 900
San Francisco, CA |
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94111 |
(Address of Principal Executive Offices) |
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(Zip Code) |
(408) 737-2734
(Registrant’s telephone number,
including area code)
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:
¨
Written communications pursuant to Rule 425 under the Securities Act
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01 Entry Into a Material
Definitive Agreement.
Series H Preferred Stock and Warrants
On November 25, 2015, Amarantus BioScience
Holdings, Inc. (the “Company”) entered into a Securities Purchase Agreement (the “Series H SPA”) with an
institutional investor for the sale of 178.75 (including 10% OID) shares of the Company’s 12% Series H Preferred Stock (the
“Series H Preferred Stock”) and a warrant to purchase 75,969 shares of common stock (the “RD Warrant” and
together with the Series H Preferred Stock, the “Securities”) in a registered direct offering (the “RD Offering”),
subject to customary closing conditions. The gross proceeds to the Company from the RD Offering were $162,500. Each share
of Series H Preferred Stock has a stated value of $1,000 and is convertible into shares of common stock at an initial conversion
price of the lower of (i) $2.50, subject to adjustment and (ii) 75%, subject to adjustment, of the lowest volume weighted
average price, or VWAP, during the fifteen (15) Trading Days immediately prior to the date a conversion notice is sent to the Company
by a holder, at any time at the option of the holder.
The RD Warrant is exercisable at any time on
or after the earlier to occur of (i) all shares of common stock underlying the RD Warrant are registered for resale under the Securities
Act of 1933, and (ii) the date six (6) months from November 25, 2015 (the earlier to occur of (i) and (ii), the “Initial
Exercise Date”) and on or prior to the close of business on the five-year anniversary of the Initial Exercise Date at an
exercise price of $2.00 per share.
The Securities
were issued pursuant to a prospectus supplement dated November 27, 2015 filed with the Securities and Exchange Commission on November
27, 2015, in connection with a takedown from the Registration Statement on Form S-3 (File No. 333-203845), which was
declared effective by the SEC on May 22, 2015.
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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AMARANTUS BIOSCIENCE HOLDINGS, INC. |
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Date: December 2, 2015 |
By: |
/s/ Gerald E. Commissiong
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Name: Gerald E. Commissiong
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Title: Chief Executive Officer |
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