Current Report Filing (8-k)
July 10 2019 - 5:25PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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):
July 9, 2019
CRYOPORT,
INC.
(Exact name of registrant as specified in
its charter)
Nevada
|
|
001-34632
|
|
88-0313393
|
(State or other jurisdiction
of incorporation)
|
|
(Commission File Number)
|
|
(IRS Employer
Identification No.)
|
17305 Daimler St., Irvine CA 92614
(Address of principal executive offices,
including zip code)
Registrant’s telephone number, including
area code:
(949) 470-2300
Not Applicable
(Former name or former address, if changed
since last report)
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. below):
☐
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
☐
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
☐
|
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))
|
Securities registered pursuant to Section
12(b) of the Act:
Title of each class
|
|
Trading Symbol
|
|
Name of each exchange on which registered
|
Common Stock, $0.001 par value
|
|
CYRX
|
|
The NASDAQ Stock Market LLC
|
Warrants to purchase Common Stock
|
|
CYRXW
|
|
The NASDAQ Stock Market LLC
|
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 1.01
|
Entry into a Material Definitive Agreement.
|
On July 9, 2019, Cryoport, Inc. (the “Company”)
and Petrichor Opportunities Fund I LP (“Petrichor”) entered into Amendment No. 1 (the “Amendment”) to the
Company’s convertible note (the “Note”) previously issued to Petrichor on December 14, 2018. Pursuant to the
Amendment, the terms of the Note were amended such that, among other things:
|
·
|
after June 30, 2019, the interest rate on the Note is reduced to 6.00% (the “Interest Rate”);
|
|
·
|
after June 30, 2019, interest on the Note accrues at the Interest Rate and will be
converted in
connection
with any conversion of the Note; provided that solely with respect to such accrued but unpaid interest, the
conversion price will be an amount equal to the average volume-weighted average price of the Company’s common stock
for the 15
consecutive trading days prior to the conversion date;
|
|
·
|
the Mandatory Conversion Date (as defined
in the Note) is December 14, 2019;
|
|
·
|
the maximum percentage provisions relating
to a mandatory conversion of the Note were removed;
|
|
·
|
the Note is no longer required to be senior to any other indebtedness of the Company and its subsidiaries;
and
|
|
·
|
the limitations on the Company and its subsidiaries from incurring indebtedness were removed.
|
The foregoing description of the Amendment is not complete and
is qualified in its entirety by reference to the full text of the Amendment, which is filed herewith as Exhibit 4.1 to this Current
Report on Form 8-K and is incorporated herein by reference.
Item 9.01
|
Financial Statements and Exhibits.
|
|
(d)
|
Exhibits. The following material is filed as an exhibit to this Current Report on Form 8-K:
|
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.
Date: July 10, 2019
|
Cryoport Inc.
|
|
|
|
/s/ Robert Stefanovich
|
|
Robert Stefanovich
|
|
Chief Financial Officer
|
CryoPort (NASDAQ:CYRX)
Historical Stock Chart
From Aug 2024 to Sep 2024
CryoPort (NASDAQ:CYRX)
Historical Stock Chart
From Sep 2023 to Sep 2024