UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form
6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the Month of August 2017
Commission File Number 001-33042
Rosetta Genomics Ltd.
(Translation of registrant’s name into English)
10 Plaut Street, Science Park
Rehovot 76706, Israel
(Address of principal executive office)
Indicate by check mark whether the registrant files or will
file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F
x
Form 40-F
¨
Indicate by check mark if the registrant is submitting the Form
6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
¨
Indicate by check mark if the registrant is submitting the Form
6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
¨
Rosetta Genomics Ltd.
On August 3, 2017, Rosetta Genomics Ltd.
(the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with certain institutional
healthcare investors (the “Purchasers”) in connection with the offering of 138,000 Class A Units (the “Class
A Units”), each Class A Unit consisting of one Ordinary Share of the Company, par value NIS 7.2 per share (the “Ordinary
Shares”), and one warrant to purchase 0.50 Ordinary Share (the “Series A Warrants”), and up to 1,811,974 Class
B Units (the “Class B Units”, together with the Class A Units, the “Units”), each Class B Unit consisting
of a Series A Warrant and one pre-funded warrant to purchase one Ordinary Share (the “Series B Warrants,” together with
the Series A Warrants, the “Warrants”). Each Class A Unit was sold at a public offering price of $1.40 and each Class
B Unit was sold at a public offering price of $1.39. The sale of the Units is referred to herein as the “Offering”.
Upon the closing of the Offering on August 9, 2017, the Company received gross proceeds of $2,711,844 for the Units.
The aggregate net proceeds to the Company
from the Offering, after deducting the placement agent’s fees and expenses and the Company’s estimated offering expenses
were approximately $2.2 million.
The Series A Warrants are immediately exercisable
upon issuance and have a term of five years and the Series B Warrants are immediately exercisable upon issuance until exercised
in full. The exercise price of the Series A Warrants is $1.50 per share and the exercise price of the Series B Warrants is $0.01
per share. The exercise price of the Warrants is subject to adjustment upon the occurrence of specific events, including stock
dividends, stock splits, combinations and reclassifications of the Company’s Ordinary Shares and rights offerings and pro
rata distributions with respect to all holders of the Company’s Ordinary Shares.
Rodman & Renshaw, a unit of H.C.
Wainwright & Co., LLC, acted as the placement agent for the Offering (the “Placement Agent”). Pursuant to an
engagement letter, dated as of April 21, 2017 (the “Placement Agreement”), the Placement Agent received in the
aggregate (i) a placement agent fee equal to 7% of the gross proceeds raised in the offering, or $191,097.45, (ii)
a management fee equal to 1% of the gross proceeds raised in the offering, or $27,299.64, (iii) warrants to purchase up to
126,748 Ordinary Shares (the “Placement Agent Warrants”) and (iv) reimbursement of expenses of $115,000. The
Placement Agent Warrants are exercisable for five years from the date of the effectiveness of the Offering and have an
exercise price equal to $1.75, or 125% of the offering price per Ordinary Share. Pursuant to FINRA Rule 5110(g), the
placement Agent Warrants and any Ordinary Shares issued upon exercise of the placement agent warrants may not be sold,
transferred or assigned by any person for a period of 180 days immediately following the date of effectiveness the Offering,
subject to limited exceptions.
On May 8, 2017, the Company obtained a waiver,
which was amended on August 3, 2017 (the “Waiver”), from the counterparty to the Securities Purchase Agreement entered
into with an institutional buyer on November 23, 2016 (the “Securities Purchase Agreement”). Under the terms of the
Waiver, the conversion price of the Debenture (as defined in the Securities Purchase Agreement) then held by the counterparty was
reduced to $1.40. In addition, the Company issued the counterparty an unregistered warrant to purchase 649,635 Ordinary Shares at an exercise price of $1.50 per share (the “Unregistered Warrant”).
The Unregistered Warrant shall be exercisable from the date on which the Company receives the Shareholder Approval (as defined
in the Unregistered Warrant) until five years thereafter. The Unregistered Warrant was offered pursuant to Section 4(a)(2) under
the Securities Act of 1933, as amended, and Regulation D promulgated thereunder.
The Units issued in the Offering are being
offered pursuant to a prospectus dated as of August 3, 2017, which has been filed with the Securities and Exchange Commission (the
“SEC”), to the Company's registration statement on Form F-1 (File No. 333-217765).
This Report shall not constitute an offer
to sell or the solicitation to buy nor shall there be any sale of the aforementioned securities 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.
Copies of the Placement Agreement, the form
of Series A Warrant, the form of Series B Warrant, the form of Placement Agent Warrant, the form of Unregistered Warrant and the
Purchase Agreement have been filed as Exhibits 1.1, 4.1, 4.2, 4.3, 4.4 and 10.1 to this Report and are incorporated by reference
herein. The foregoing summaries of such documents are subject to, and qualified in their entirety by reference to, such exhibits.
The Placement Agreement and the Purchase Agreement contain representations and warranties that the parties made to, and solely
for the benefit of, the others in the context of all of the terms and conditions of that agreement and in the context of the specific
relationship between the parties. The provisions of such documents, including the representations and warranties contained therein,
are not for the benefit of any party other than the parties to such agreements and are not intended as documents for investors
and the public to obtain factual information about the current state of affairs of the parties to those documents and agreements.
Rather, investors and the public should look to other disclosures contained in the Company’s filings with the SEC.
The information contained in this Report
is hereby incorporated by reference into the Company’s Registration Statements on Form F-3, File Nos. 333-159955, 333-163063,
333-171203, 333-172655, 333-177670, 333-210366 and 333-217765.
Exhibits
Exhibit
Number
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Description of Exhibit
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1.1
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Engagement Letter with Rodman & Renshaw, a unit of H.C. Wainwright & Co. (incorporated by reference to Exhibit 1.1 to the Company’s registration statement on Form F-1/A, as filed with the SEC on May 17, 2017).
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4.1
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Form of Series A Warrant (incorporated by reference to Exhibit 4.1 to the Company’s registration statement on Form F-1/A, as filed with the SEC on August 2, 2017).
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4.2
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Form of Series B Warrant (incorporated by reference to Exhibit 4.2 to the Company’s registration statement on Form F-1/A, as filed with the SEC on May 17, 2017).
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4.3
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Form of Placement Agent Warrant (incorporated by reference to Exhibit 4.3 to the Company’s registration statement on Form F-1/A, as filed with the SEC on August 2, 2017).
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4.4
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Form of Unregistered Warrant.
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10.1
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Form of Securities Purchase Agreement dated August 3, 2017
.
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Signatures
Pursuant to the requirements of the Securities
Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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ROSETTA GENOMICS LTD.
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Date: August 15, 2017
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By:
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/s/ Kenneth Berlin
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Kenneth Berlin
Chief Executive Officer and President
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