AND EXCHANGE COMMISSION
OF FOREIGN PRIVATE ISSUER
TO RULE 13a-16 OR 15d-16 UNDER THE
EXCHANGE ACT OF 1934
the month of:
BRAND GROUP LIMITED
of registrant’s name into English)
Bendon Limited, Building 7B, Huntley Street, Alexandria, NSW 2015, Australia
of Principal Executive Offices)
by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F [X] Form
40-F [ ]
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [ ]
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [ ]
by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information
to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes [ ] No [X]
“Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-___________.
8.01. Other Events.
August 19, 2019, Naked Brand Group Limited (the “
”) closed on the sale of 28,571,431 ordinary shares,
no par value, of the Company (“
”), pursuant to its previously announced registered direct offering
of Ordinary Shares to certain institutional and accredited investors at a price of $0.07 per share (the “
The investors also received, in a concurrent private placement, warrants (the “
”) to purchase up to
28,571,431 Ordinary Shares, representing 100% of the aggregate number of Ordinary Shares purchased by the investors in the Cash
Offering, at an exercise price of $0.07 per share (the “
”). The Cash Offering generated aggregate
gross proceeds of $2,000,000.
Wainwright & Co., LLC (“
”) acted as the placement agent for the Cash Offering and the Private
Placement. The Company paid H.C. Wainwright an aggregate cash fee of $160,000 and issued to H.C. Wainwright’s designees
warrants (the “
Placement Agent Warrants
”) to purchase an aggregate of 2,285,714 Ordinary Shares at an exercise
price of $0.0875 per share.
Company also has closed on the sale of 57,142,857 Ordinary Shares, pursuant to its previously announced registered direct offering
of Ordinary Shares to certain of its suppliers at a price of $0.07 per share (the “
purchase price was paid through the cancellation of trade payables due to the suppliers and the establishment of prepayment credits
in an amount equal to the aggregate purchase price, or $4,000,000.
deducting the placement agent’s fees and estimated expenses payable by the Company in connection with the offerings, the
net cash proceeds to the Company are expected to be approximately $1.75 million (which does not include approximately $4.00 million
in cancelled trade payables and prepayment credits in the Supplier Offering). The Company intends to use the net cash proceeds
for working capital and other general corporate purposes.
as of the closing of the Cash Offering, the exercise prices of certain outstanding warrants to purchase 18,550,000 Ordinary Shares
held by certain of the investors in the Cash Offering were reduced to $0.07 per share. The exercise price of the warrants had
previously been $0.10 per share.
Supplier Offering, the Cash Offering and the Private Placement are more fully described in the Company’s Report of Foreign
Issuer on Form 6-K filed on August 16, 2019, and such description is incorporated herein by reference.
of the Cash Offering and the Supplier Offering are being made pursuant to a prospectus supplement dated August 14, 2019 and an
accompanying base prospectus, which are part of the Company’s “shelf” Registration Statement on Form F-3 (File
No. 333-232229), declared effective by the Securities and Exchange Commission on July 1, 2019. The Warrants, the Placement Agent
Warrants and the Ordinary Shares underlying the Warrants and Placement Agent Warrants are not being registered under the Securities
Act of 1933, as amended (the “
”), and are not being offered pursuant to the Registration Statement.
The Warrants, the Placement Agent Warrants and the Ordinary Shares underlying the Warrants and Placement Agent Warrants are being
offered pursuant to the exemption provided in Section 4(a)(2) of the Securities Act and Rule 506(b) thereunder.
information contained in this Report of Foreign Private Issuer on Form 6-K shall be incorporated by reference in the Company’s
registration statements on Form F-3 (File Nos. 333-226192, 333-230757 and 333-232229) and the prospectuses included therein.
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.
August 20, 2019
BRAND GROUP LIMITED