Current Report Filing (8-k)
April 03 2017 - 5:29PM
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) March 30, 2017
CARA THERAPEUTICS, INC.
(Exact name of registrant as specified in its charter)
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Delaware
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001-36279
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75-3175693
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.)
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4 Stamford Plaza
107 Elm Street 9
th
Floor
Stamford, Connecticut
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06902
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(Address of principal executive offices)
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(Zip Code)
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Registrants telephone number, including area code (203)
406-3700
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 (
see
General Instruction A.2.):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule
14a-12
under the Exchange Act (17 CFR
240.14a-12)
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Pre-commencement
communications pursuant to Rule
14d-2(b)
under the Exchange Act (17 CFR
240.14d-2(b))
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Pre-commencement
communications pursuant to Rule
13e-4(c)
under the Exchange Act (17 CFR
240.13e-4(c))
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On March 30, 2017, Cara Therapeutics, Inc. (the Registrant) entered into
an underwriting agreement with Piper Jaffray & Co. and Stifel, Nicolaus & Company, Incorporated, as representatives of the several underwriters named therein, relating to the issuance and sale of 4,450,000 shares of the
Registrants common stock (the Offering) at a price to the public of $18.00 per share. The Registrant also granted the underwriters a
30-day
option to purchase up to 667,500 additional shares
of its common stock. The gross proceeds to the Registrant from the Offering, excluding any exercise by the underwriters of their
30-day
option to purchase additional shares, are expected to be
$80.1 million before deducting the underwriting discounts and commissions and offering expenses payable by the Registrant. The offering is scheduled to close on or about April 5, 2017, subject to customary closing conditions.
The underwriting agreement contains customary representations, warranties, covenants and agreements by the Registrant, indemnification obligations of the
Registrant and the underwriters, including for liabilities under the Securities Act of 1933, as amended, other obligations of the parties and termination provisions. The representations, warranties and covenants contained in the underwriting
agreement were made only for purposes of such agreement and as of specific dates, were solely for the benefit of the parties to the underwriting agreement, and may be subject to limitations agreed upon by the contracting parties.
The Offering is being made by means of a written prospectus supplement and accompanying prospectus forming part of a shelf registration statement on Form
S-3
(Registration Statement
No. 333-216657),
previously filed with the Securities and Exchange Commission (SEC) and declared effective by the SEC on
March 24, 2017.
The underwriting agreement is attached as Exhibit 1.1 hereto, and the description of the terms of the underwriting agreement is
qualified in its entirety by reference to such exhibit. A copy of the opinion of Cooley LLP relating to the legality of the issuance and sale of the shares in the Offering is attached as Exhibit 5.1 hereto.
On March 29, 2017, the Registrant issued a press release announcing that it had commenced the Offering, and on March 30, 2017, the Registrant issued
a press release announcing the pricing of the Offering. Copies of these press releases are attached as Exhibits 99.1 and 99.2 hereto, respectively.
Neither the disclosures on this Current Report on Form
8-K
nor the attached press releases shall constitute an offer
to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an 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.
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Financial Statements and Exhibits.
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(d) Exhibits
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Exhibit
No.
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Description
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1.1
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Underwriting Agreement dated March 30, 2017.
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5.1
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Opinion of Cooley LLP.
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23.1
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Consent of Cooley LLP (included in Exhibit 5.1).
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99.1
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Press Release dated March 29, 2017.
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99.2
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Press Release dated March 30, 2017.
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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
hereunto duly authorized.
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CARA THERAPEUTICS, INC.
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By:
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/s/ Josef Schoell
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Josef Schoell
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Chief Financial Officer
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(Principal Financial and Accounting Officer)
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Date: April 3, 2017
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