UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Amendment No. 1
to
FORM T-3
FOR APPLICATION FOR QUALIFICATION OF
INDENTURE
UNDER THE TRUST INDENTURE ACT OF 1939
Akorn, Inc.
(Name of applicant)
1925 W. Field Court, Suite 300
Lake Forest, Illinois 60045
(Address of principal executive offices)
Securities to be Issued Under the Indenture
to be Qualified
TITLE OF CLASS
|
|
AMOUNT
|
|
Series A Contingent Value Rights
|
|
|
$60,000,000
|
|
Approximate date of proposed public offering:
Upon, or as soon as practicable after,
the entry of the Order and Final Judgment referred to herein.
Joseph Bonaccorsi, Esq.
Executive Vice President, General Counsel
and Secretary
Akorn, Inc.
1925 W. Field Court, Suite 300
Lake Forest, Illinois 60045
(847) 279-6100
(Name and address of agent for service)
With a copy to:
Paul H. Zumbro, Esq.
Nicholas A. Dorsey, Esq.
Cravath, Swaine & Moore LLP
Worldwide Plaza
825 Eighth Avenue
New York, New York 10019
(212) 474-1000
The Issuer (as defined herein) hereby amends
this Application (as defined herein) on such date or dates as may be necessary to delay its effectiveness until: (i) the 20th
day after the filing of an amendment which specifically states that it shall supersede this Application, or (ii) such date
as the Commission (as defined herein), acting pursuant to Section 307(c) of the Trust Indenture Act of 1939, may determine
upon the written request of the Issuer.
GENERAL
1. General Information.
Akorn, Inc. (the
“Issuer”) is a corporation organized under the laws of the State of Louisiana.
2. Securities Act Exemption Available.
On August 9, 2019,
the Issuer and the other defendants in a putative class action litigation captioned In re Akorn, Inc. Data Integrity Securities
Litigation, C.A. No. 18-cv-1713 (N.D. Ill.) (the “Securities Class Action”) concerning certain alleged
violations of the Securities Exchange Act of 1934, as amended, entered into a Stipulation and Agreement of Settlement (the “Securities
Class Action Settlement Agreement”) to resolve the Securities Class Action and the claims of the putative class
(the “Class Claims”), and lead plaintiffs filed a motion for preliminary approval of the Securities Class Action
Settlement Agreement and certain related matters. The Securities Class Action Settlement Agreement was filed as Exhibit 10.1
to the Issuer’s Form 8-K filed with the Securities and Exchange Commission (the “Commission”) on August 12,
2019.
The terms of the Securities
Class Action Settlement Agreement provide for the release of the Class Claims by the putative class in exchange for a
combination of (i) up to $30 million in insurance proceeds from the Issuer’s D&O insurance policies, (ii) the
issuance by the Issuer of approximately 6.5 million shares of the Issuer’s common stock and any additional shares of the
Issuer’s common stock that are released as a result of the expiration of out of the money options, outstanding as of August 9,
2019, through December 31, 2024 (collectively, the “Settlement Shares”) and (iii) the issuance by the Issuer
of the Series A Contingent Value Rights (the “CVRs”) under the Contingent Value Rights Agreement (the “Indenture”)
between the Issuer and American Stock Transfer & Trust Company, LLC (the “Trustee”) to be (x) executed
after the date of the final approval of the settlement by the United States District Court for the Northern District of Illinois
(the “Court”) described below and (y) qualified by this Application for Qualification (this “Application”).
For more detailed information on the Indenture, see Item 8, “Analysis of Indenture Provisions”.
The Securities Class Action
Settlement Agreement was subject to numerous terms and conditions including, among other things, (i) the unilateral right
of the Issuer and the other defendants in the Securities Class Action to terminate the Securities Class Action Settlement
Agreement if persons who purchased a number of shares exceeding an agreed threshold validly opted out of and elected not to participate
in or be bound by its terms and (ii) final approval of the settlement by the Court. As described below, although the persons
who excluded themselves from the settlement exceeded the threshold necessary to give the Issuer and the other defendants the unilateral
right to terminate the settlement, the Issuer and the other defendants did not exercise their termination right and the Securities
Class Action Settlement Agreement received the Court’s approval.
In accordance with
the settlement, the Settlement Shares and the CVRs will be issued pursuant to the exemption from registration provided by Section 3(a)(10) of
the Securities Act of 1933, as amended (the “Securities Act”). Section 3(a)(10) of the Securities Act provides
an exemption from registration under the Securities Act for securities issued in exchange for one or more bona fide outstanding
securities, claims or property interests, or partly in such exchange and partly for cash, where the terms and conditions of such
issuance and exchange are approved, after a hearing upon the fairness of such terms and conditions at which all persons to whom
it is proposed the securities will be issued in such exchange have the right to appear, by any court or other governmental authority
that is expressly authorized by law to grant such approval.
The three main elements
of the Section 3(a)(10) exemption are (a) an exchange of outstanding securities, claims or property interests, (b) a
fairness hearing and (c) court approval of the issuance of securities in exchange for securities, claims or property interests.
As described below, and in the Form of Notice of (I) Pendency of Class Action and Proposed Settlement; (II) Settlement
Fairness Hearing; and (III) Motion for an Award of Attorneys’ Fees and Reimbursement of Litigation Expenses (the “Notice”)
and the Form of Summary Notice of (I) Pendency of Class Action and Proposed Settlement; (II) Settlement Fairness
Hearing; and (III) Motion for an Award of Attorneys’ Fees and Reimbursement of Litigation Expenses (the “Publication
Notice”) incorporated herein by reference as Exhibits T3E.1 and T3E.2, respectively, each of these elements has been or will
be satisfied in connection with the issuance of the CVRs.
(a) Exchange.
Pursuant to the Securities
Class Action Settlement Agreement, the CVRs, among other things, will be issued in exchange for the release of the Class Claims
by the putative class.
(b) Settlement Hearing.
On August 26,
2019, the Court entered the Order Preliminarily Approving Settlement, Approving Form of Class Notice and Setting Hearing
Date for Final Approval of Settlement (the “Preliminary Approval Order”), filed herewith as Exhibit T3D.1. Among
other things, the Preliminary Approval Order (i) preliminarily approved the settlement; (ii) approved the form of the
Notice and Publication Notice, and authorized lead plaintiffs’ counsel to send the Notice to the members of the putative
class and to cause the claims administrator to publish the Publication Notice; and (iii) set the hearing date for final approval
of the settlement (the “Settlement Hearing”) for December 3, 2019. Between October 21, 2019, and November 11,
2019, entities affiliated with six institutional investors delivered requests for exclusion from the settlement that exceeded the
threshold necessary to give the Issuer and the other defendants the unilateral right to terminate the settlement.
On November 22,
2019, the Issuer, the other defendants in the Securities Class Action and the lead plaintiffs jointly moved for a 60-day adjournment
of the Settlement Hearing to extend the period for the Issuer and the other defendants in the Securities Class Action to assess
whether to exercise their termination right. On November 26, 2019, the Court adjourned the Settlement Hearing without a date
and set a status conference for January 28, 2020. No date for the Settlement Hearing was set at the initial status conference,
but the parties agreed to continue to hold status conferences. On March 6, 2020, lead plaintiffs in the Securities Class Action
issued a press release via PR Newswire and instructed the settlement claims administrator to update the settlement website
to notify the putative class that the Settlement Hearing had been scheduled for March 13, 2020. Between March 9, 2020
and March 12, 2020, entities affiliated with two of the six institutional investors who had previously requested exclusion
from the settlement withdrew their requests for exclusion.
The Settlement Hearing
was held on March 13, 2020. It was open to all members of the putative class who had not excluded themselves from the settlement.
All persons entitled to receive the CVRs had the right to appear at the Settlement Hearing. Measures were taken pursuant to the
Preliminary Approval Order to provide relevant information and adequate and timely notice of the right to appear to all members
of the putative class, including by mailing the Notice to all members of the putative class, publishing the Publication Notice
in Investor’s Business Daily and transmitting the Publication Notice once over the PR Newswire. There were
no improper impediments to appearance by any member of the putative class at the Settlement Hearing. The Issuer advised the Court
in advance of the Settlement Hearing that it will rely on the Section 3(a)(10) exemption based on the Court’s approval
of the issuance of the CVRs.
(c) Court Approval.
At the Settlement Hearing
on March 13, 2020, the Court granted the lead plaintiff’s unopposed motion for final approval of the class action settlement
and plan of allocation, certified a plaintiffs’ class for settlement purposes, found the settlement consideration fair, reasonable
and adequate, and approved lead plaintiff’s application for an award of attorneys’ fees and litigation expenses. Later
on March 13, 2020, the Court entered a final order and judgment (the “Order and Final Judgment”), filed herewith
as Exhibit T3B.
AFFILIATIONS
3. Affiliates.
For purposes of this
Application only, certain directors and executive officers of the Issuer may be deemed to be “affiliates” of the Issuer
by virtue of their positions with the Issuer. See Item 4, “Directors and Executive Officers”. In addition, certain
persons may be deemed to be “affiliates” of the Issuer by virtue of their holdings of the voting securities of the
Issuer. See Item 5, “Principal Owners of Voting Securities”.
MANAGEMENT AND CONTROL
4. Directors and Executive Officers.
The names of and offices
held by all current directors and executive officers of the Issuer, as of the date hereof, are set forth below. The mailing address
for each director and executive officer is: c/o Akorn, Inc., 1925 W. Field Court, Suite 300, Lake Forest, Illinois
60045, and each director’s and executive officer’s telephone number is (847) 279-6100.
NAME
|
|
TITLE
|
Douglas S. Boothe
|
|
President and Chief Executive Officer and Director
|
Duane A. Portwood
|
|
Executive Vice President and Chief Financial Officer
|
Joseph Bonaccorsi
|
|
Executive Vice President, General Counsel and Secretary
|
Randall E. Pollard
|
|
Senior Vice President, Finance and Chief Accounting Officer
|
Jonathan Kafer
|
|
Executive Vice President, Chief Commercial Officer
|
Christopher C. Young
|
|
Executive Vice President, Global Operations
|
Erislandy Dorado-Boladeres
|
|
Executive Vice President of Global Quality
|
Alan Weinstein
|
|
Director, Chairman of the Board
|
Kenneth S. Abramowitz
|
|
Director
|
Adrienne L. Graves
|
|
Director
|
Steven J. Meyer
|
|
Director
|
Thomas G. Moore
|
|
Director
|
Terry Allison Rappuhn
|
|
Director
|
Brian Tambi
|
|
Director
|
5. Principal Owners of Voting Securities.
The Issuer furnishes
the following information as to each person owning 10% or more of the voting securities of the Issuer as of the dates specified
in the footnotes to this table.
Name
and
Complete Mailing Address
|
|
Title of Class Owned
|
|
Amount
Owned
|
|
Percent of Voting
Securities Owned
|
|
Rao Akella
121 Stonegate Road
Lake Forest, Illinois 60045
|
|
Common Shares
|
|
|
18,640,445 (1)
|
|
|
14.8
|
%
|
BlackRock, Inc.
55 East 52nd Street
New York, New York 10055
|
|
Common Shares
|
|
|
15,899,536 (2)
|
|
|
12.6
|
%
|
|
(1)
|
The stock ownership of Rao Akella is as of January 28, 2020, as reflected in the Schedule 13D filed with the Commission
on January 23, 2020.
|
|
(2)
|
The stock ownership of BlackRock, Inc. is as of December 31, 2019, as reflected in the
Schedule 13G/A filed with the Commission on February 4, 2020.
|
UNDERWRITERS
6. Underwriters.
(a) Within the
three years prior to the date of the filing of this Application, no person has acted as an underwriter of any securities of the
Issuer that are currently outstanding as of the date of this Application.
(b) There is no
proposed underwriter for the CVRs that are proposed to be issued in connection with the Indenture.
CAPITAL SECURITIES
7. Capitalization.
(a) As of February 18, 2020, the
Issuer had the following capitalization:
Title of Class
|
|
Amount
Authorized
|
|
Amount
Outstanding
|
|
Common stock
|
|
|
150,000,000
|
|
|
126,246,012
|
|
Preferred Stock
|
|
|
5,000,000
|
|
|
0
|
|
(b) Holders of the Issuer’s common
stock are entitled to one vote for each share of common stock registered in such Holder’s name.
INDENTURE SECURITIES
8. Analysis of Indenture Provisions.
The CVRs will be issued
under the Indenture, the form of which has been filed herewith as Exhibit T3C. The following general description of certain
provisions of the Indenture is qualified in its entirety by reference to the form of the Indenture filed as Exhibit T3C hereto.
Unless otherwise specified herein, all capitalized and otherwise undefined terms in this Item 8 shall have the meanings ascribed
to them in the Indenture.
(a) Events of Default; Withholding
of Notice.
Under the Indenture,
Event of Default, with respect to the CVRs, means each one of the following events, which shall have occurred and be continuing:
|
(1)
|
default in the payment by the Issuer pursuant to the terms of the Indenture of all or any part
of any CVR Payment after a period of 10 Business Days after such CVR Payment shall become due and payable on the applicable Payment
Date; or
|
|
(2)
|
material default in the performance, or breach in any material respect, of any covenant in respect
of the CVRs (other than a covenant in respect of the CVRs, a default in the performance or breach of which is specifically dealt
with elsewhere in the Indenture), and continuance of such default or breach for a period of 90 days after there has been given
by registered or certified mail to the Issuer by the Trustee or to the Issuer and the Trustee by the Majority Holders, a written
notice specifying such default or breach and requiring it to be remedied and stating that such notice is a “Notice of Default”
under the Indenture.
|
If an Event of Default
occurs and is continuing, then, and in each and every such case, either the Trustee by notice in writing to the Issuer or the Trustee
upon the written request of the Majority Holders by notice in writing to the Issuer and to the Trustee, may bring suit to protect
the rights of the Holders, including to obtain payment for any amounts then due and payable.
The foregoing provisions
described in this Item 8(a), however, are subject to the condition that if, at any time after the Trustee shall have begun such
suit, and before any judgment or decree for the payment of the moneys due shall have been obtained or entered as hereinafter provided,
the Issuer shall pay or shall deposit with the Trustee a sum sufficient to pay all amounts which shall have become due and such
amount as shall be sufficient to cover reasonable compensation to the Trustee, its agents, attorneys and counsel, and all other
expenses and liabilities incurred and all advances made by the Trustee, and if any and all Events of Default under the Indenture
shall have been cured, waived or otherwise remedied as provided in the Indenture, then and in every such case the Majority Holders,
by written notice to the Issuer and to the Trustee, may waive all defaults with respect to the CVRs, but no such waiver or rescission
and annulment shall extend to or shall affect any subsequent default or shall impair any right consequent thereof.
If any condition which
is, or with notice or lapse of time or both would become, an Event of Default has occurred and is known to the Trustee, then the
Trustee will send the Holders a notice of any such condition within 90 days after it occurs, unless such default shall have been
cured before the giving of such notice; provided that, except in the case of a default in the payment of the amounts payable
in respect of any of the CVRs, the Trustee shall be protected in withholding such notice if and for so long as the board of directors,
the executive committee, or a trust committee of directors or trustees and/or Responsible Officers of the Trustee in good faith
determines that the withholding of such notice is in the interests of the Holders; provided further, that in the case of
any material default in the performance, or breach in any material respect, of any covenant in respect of the CVRs (other than
a covenant in respect of the CVRs, a default in the performance or breach of which is specifically dealt with elsewhere in the
Indenture), and continuance of such default or breach for a period of 90 days after written notice thereof has been given by registered
or certified mail to the Issuer by the Trustee or to the Issuer and the Trustee by the Majority Holders, no notice to the Holders
shall be given until at least 30 days after the occurrence thereof.
(b) Authentication and Delivery
of the CVRs; Proceeds.
The Issuer’s
chief executive officer, any president or vice president or any other individual duly authorized to act on behalf of the Issuer
(each, an “Authorized Officer”) shall execute the Global Securities on behalf of the Issuer by manual or facsimile
signature.
If an Authorized Officer
whose signature is on a Global Security no longer holds that office at the time a Global Security is authenticated, the Global
Security shall nevertheless be valid.
At any time and from
time to time after the execution and delivery of the Indenture, the Issuer may deliver a Company Order for the authentication,
as applicable, and delivery of CVRs, and the Trustee, in accordance with such Company Order, shall authenticate, as applicable,
and deliver such CVRs as provided in the Indenture and not otherwise. In the case of Global Securities, such Company Order shall
be accompanied by Global Securities executed by the Issuer and delivered to the Trustee for authentication in accordance with such
Company Order.
No Global Security
shall be entitled to any benefit under the Indenture or be valid or obligatory for any purpose unless there appears on such CVR
a certificate of authentication substantially in the form provided for in the Indenture duly executed by the Trustee, by manual
or facsimile signature of an Authorized Officer, and such certificate upon any CVR shall be conclusive evidence, and the only evidence,
that such Global Security has been duly authenticated and delivered under the Indenture and that the Holder is entitled to the
benefits of the Indenture. Each Global Security shall be dated the date of its authentication.
Direct Registration
Securities need not be authenticated, and shall be valid and obligatory for all purposes and shall entitle each Holder thereof
to all benefits of the Indenture.
The Issuer will not
receive any proceeds from the issuance of the CVRs pursuant to the Indenture.
(c) Release of Property Subject
to Liens.
The CVRs will be unsecured
obligations and will not have the benefit of collateral.
(d) Satisfaction and Discharge.
The Indenture will,
automatically and without any further action of any Party, terminate and be of no force and effect and shall be satisfied and discharged,
and the Parties thereto shall have no liability or obligations under the Indenture, at the earliest to occur of:
(i) the consummation
of a Change in Control; provided that, if a Change in Control Payment is due and payable pursuant to the terms of the Indenture,
then upon making such payment on the Change in Control Payment Date;
(ii) the Bankruptcy
Claim Date (upon receipt of the Bankruptcy Claim);
(iii) the Total
Payment Cap Date; and
(iv) the Annual
Payment Date with respect to the Excess EBITDA Measuring Period ending on December 31, 2023; provided that, in the
case of this clause (iv), if the cumulative Annual Payments that the Issuer has paid to, or caused to be paid or deposited with,
the Trustee as of such Annual Payment Date (after giving effect to any Annual Payment to be made on such date) is less than the
Total Payment Cap, then such date shall be extended to the Annual Payment Date with respect to the Excess EBITDA Measuring Period
ending on December 31, 2025; provided, however, that Sections 1.5 through 1.10, 1.12, 1.13, 1.16, 4.7, 7.2,
7.5, 8.2, Article 10 and Section 1.1 (to the extent related to the foregoing) of the Indenture shall survive termination
of the Indenture in accordance with their terms.
(e) Evidence of Compliance with
Conditions and Covenants.
Upon any application
or request by the Issuer to the Trustee to take any action under any provision of the Indenture, the Issuer shall furnish to the
Trustee an Officer’s Certificate stating that, in the opinion of the signor, all conditions precedent, if any, provided for
in the Indenture relating to the proposed action have been satisfied, and an Opinion of Counsel stating, subject to customary exceptions,
that in the opinion of such counsel, all such conditions precedent, if any, have been satisfied, except that, in the case of any
such application or request as to which the furnishing of any one of such documents is specifically required by any provision of
the Indenture relating to such particular application or request, no additional certificate or opinion need be furnished.
Every certificate or
opinion with respect to satisfaction of a condition or compliance with a covenant provided for in the Indenture shall include:
(i) a statement that each individual signing such certificate or opinion has read such condition or covenant and the definitions
herein relating thereto; (ii) a brief statement as to the nature and scope of the examination or investigation upon which
the statements or opinions contained in such certificate or opinion are based; (iii) a statement that, in the opinion of each
such individual, he or she has made such examination or investigation as is necessary to enable him or her to express an informed
opinion as to whether or not such condition has been satisfied or covenant has been complied with; and (iv) a statement as
to whether, in the opinion of each such individual, such condition or covenant has been complied with.
9. Other Obligors.
No person, other than the Issuer, will be
an obligor under the CVRs.
CONTENTS OF APPLICATION FOR QUALIFICATION
This Application comprises:
(a) Pages numbered 1 to 8, consecutively.
(b) The Statement of Eligibility and
Qualification on Form T-1 of the Trustee under the Indenture to be Qualified pursuant to this Application.
(c) The following
exhibits in addition to those filed as part of the Statement of Eligibility and Qualification of the Trustee:
Exhibit T3A*
|
|
Restated Articles of Incorporation of Akorn, Inc. dated September 16, 2004 (incorporated by reference to Exhibit 3.1 to the Registration Statement on Form S-1 of Akorn, Inc. filed with the Commission on September 21, 2004).
|
Exhibit T3B*
|
|
By-Laws of Akorn, Inc., as amended April 24, 2017 (incorporated by reference to Exhibit 3.1 of the Quarterly Report on Form 10-Q of Akorn, Inc. filed with the Commission on May 4, 2017).
|
Exhibit T3C***
|
|
Form of Contingent Value Rights Agreement between the Issuer and American Stock Transfer & Trust Company, LLC, as trustee.
|
Exhibit T3D.1*
|
|
Order Preliminarily Approving Settlement, Approving Form of Class Notice, and Setting Hearing Date for Final Approval of Settlement.
|
Exhibit T3D.2**
|
|
Order and Final Judgment.
|
Exhibit T3E.1*
|
|
Form of Notice of (I) Pendency of Class Action and Proposed Settlement; (II) Settlement Fairness Hearing; and (III) Motion for an Award of Attorneys’ Fees and Reimbursement of Litigation Expenses.
|
Exhibit T3E.2*
|
|
Form of Summary Notice of (I) Pendency of Class Action and Proposed Settlement; (II) Settlement Fairness Hearing; and (III) Motion for an Award of Attorneys’ Fees and Reimbursement of Litigation Expenses.
|
Exhibit T3F**
|
|
Trust Indenture Act of 1939 Cross-Reference Table showing the location in the Indenture of the provisions inserted therein pursuant to sections 310 through 318(a), inclusive, of the Trust Indenture Act of 1939 (included in Exhibit T3C).
|
Exhibit 25.1**
|
|
Form T-1 Qualifying the Trustee under the Indenture to be Qualified pursuant to this Application.
|
*
|
Previously filed with this Application on August 26,
2019.
|
***
|
Replaces the version previously filed with this Application.
|
SIGNATURE
Pursuant to the requirements
of the Trust Indenture Act of 1939, as amended, the applicant, Akorn, Inc., a corporation organized under the laws of the
State of Louisiana, has duly caused this application to be signed on its behalf by the undersigned, thereunto duly authorized,
and attested, all in the city of Lake Forest, and State of Illinois, on March 16, 2020.
|
AKORN, INC.
|
|
|
|
By:
|
/s/ Duane A. Portwood
|
|
Name:
|
Duane A. Portwood
|
|
Title:
|
Chief Financial Officer
|
Attested
|
|
By:
|
/s/ Joseph Bonaccorsi
|
|
|
|
Name: Joseph Bonaccorsi
|
|
|
Title: EVP, General Counsel and Secretary
|
|
EXHIBIT INDEX
EXHIBIT
|
|
DESCRIPTION
|
Exhibit T3A*
|
|
Restated Articles of Incorporation of Akorn, Inc. dated September 16, 2004 (incorporated by reference to Exhibit 3.1 to the Registration Statement on Form S-1 of Akorn, Inc. filed with the Commission on September 21, 2004).
|
Exhibit T3B*
|
|
By-Laws of Akorn, Inc., as amended April 24, 2017 (incorporated by reference to Exhibit 3.1 of the Quarterly Report on Form 10-Q of Akorn, Inc. filed with the Commission on May 4, 2017).
|
Exhibit T3C***
|
|
Form of Contingent Value Rights Agreement between the Issuer and American Stock Transfer & Trust Company, LLC, as trustee.
|
Exhibit T3D.1*
|
|
Order Preliminarily Approving Settlement, Approving Form of Class Notice, and Setting Hearing Date for Final Approval of Settlement.
|
Exhibit T3D.2**
|
|
Order and Final Judgment.
|
Exhibit T3E.1*
|
|
Form of Notice of (I) Pendency of Class Action and Proposed Settlement; (II) Settlement Fairness Hearing; and (III) Motion for an Award of Attorneys’ Fees and Reimbursement of Litigation Expenses.
|
Exhibit T3E.2*
|
|
Form of Summary Notice of (I) Pendency of Class Action and Proposed Settlement; (II) Settlement Fairness Hearing; and (III) Motion for an Award of Attorneys’ Fees and Reimbursement of Litigation Expenses.
|
Exhibit T3F**
|
|
Trust Indenture Act of 1939 Cross-Reference Table showing the location in the Indenture of the provisions inserted therein pursuant to sections 310 through 318(a), inclusive, of the Trust Indenture Act of 1939 (included in Exhibit T3C).
|
Exhibit 25.1**
|
|
Form T-1 Qualifying the Trustee under the Indenture to be Qualified pursuant to this Application.
|
*
|
Previously filed with this Application on August 26, 2019.
|
**
|
Filed herewith.
|
***
|
Replaces the version previously filed with this Application.
|
|
|
|
Akorn (NASDAQ:AKRX)
Historical Stock Chart
From Mar 2024 to Apr 2024
Akorn (NASDAQ:AKRX)
Historical Stock Chart
From Apr 2023 to Apr 2024