UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM8-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): June 27, 2018
ZAFGEN, INC.
(Exact name of registrant as specified in its charter)
| | | | |
| DELAWARE | | 001-36510 | | 20-3857670 |
(State or other jurisdiction of incorporation) | | (Commission File Number) | | (I.R.S. Employer Identification No.) |
| | |
175 Portland Street, 4th Floor Boston, Massachusetts | | 02114 |
| (Address of principal executive offices) | | (Zip Code) |
Registrant’s telephone number, including area code(617) 622-4003
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting material pursuant toRule 14a-12 under the Exchange Act (17 CFR240.14a-12) |
| ☐ | Pre-commencement communications pursuant toRule 14d-2(b) under the Exchange Act (17 CFR240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant toRule 13e-4(c) under the Exchange Act (17 CFR240.13e-4(c)) |
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 Rule12b-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 June 27, 2018, Zafgen, Inc. (the “Company”) entered into an Underwriting Agreement (the “Underwriting Agreement”) with Cowen and Company, LLC and Piper Jaffray & Co., as representatives of the underwriters named therein (collectively, the “Underwriters”), relating to the public offering (the “Offering”) of 8,000,000 shares of the Company’s common stock, $0.001 par value per share (the “Common Stock”), at a price to the public of $7.50 per share (the “Offering Price”), less underwriting discounts and commissions. The net proceeds to the Company from the sale of the Common Stock, after deducting the underwriting discounts and commissions (but before deducting estimated offering expenses payable by the Company), will be $56.4 million. The Offering is expected to close on July 2, 2018, subject to the satisfaction of customary closing conditions. The Company has also granted the Underwriters a30-day option to purchase up to an additional 1,200,000 shares of Common Stock at the Offering Price, less the underwriting discounts and commissions.
The Offering was made pursuant to the Company’s effective shelf registration statement on FormS-3 (FileNo. 333-219834), including the prospectus dated August 9, 2017, as supplemented by a preliminary prospectus supplement dated June 27, 2018.
The foregoing is only a brief description of the terms of the Underwriting Agreement, does not purport to be a complete description of the rights and obligations of the parties thereunder, and is qualified in its entirety by reference to the Underwriting Agreement that is filed as Exhibit 1.1 to this Current Report on Form8-K and incorporated by reference herein. The legal opinion of Goodwin Procter LLP relating to the legality of the issuance and sale of the shares in the Offering is attached as Exhibit 5.1 to this Current Report on Form8-K.
Item 8.01 Other Events.
On June 27, 2018, the Company issued a press release announcing the Offering and on June 28, 2018, the Company issued a press release announcing the pricing of the Offering. Copies of these press releases are attached hereto as Exhibits 99.1 and 99.2, respectively, and are each incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| | |
Exhibit
No. | | Description |
| |
| 1.1 | | Underwriting Agreement, dated as of June 27, 2018, among Zafgen, Inc. and Cowen and Company, LLC and Piper Jaffray & Co., as representatives of the underwriters named therein. |
| |
| 5.1 | | Opinion of Goodwin Procter LLP. |
| |
| 23.1 | | Consent of Goodwin Procter LLP (included in Exhibit 5.1). |
| |
| 99.1 | | Press release issued by Zafgen, Inc. on June 27, 2018. |
| |
| 99.2 | | Press release issued by Zafgen, Inc. on June 28, 2018. |
EXHIBIT INDEX
| | |
Exhibit
No. | | Description |
| |
| 1.1 | | Underwriting Agreement, dated as of June 27, 2018, among Zafgen, Inc. and Cowen and Company, LLC and Piper Jaffray & Co., as representatives of the underwriters named therein. |
| |
| 5.1 | | Opinion of Goodwin Procter LLP. |
| |
| 23.1 | | Consent of Goodwin Procter LLP (included in Exhibit 5.1). |
| |
| 99.1 | | Press release issued by Zafgen, Inc. on June 27, 2018. |
| |
| 99.2 | | Press release issued by Zafgen, Inc. on June 28, 2018. |
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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| | | | ZAFGEN, INC. |
| | | |
| Date: June 28, 2018 | | | | By: | | /s/ Jeffrey Hatfield |
| | | | | | | | Jeffrey Hatfield Chief Executive Officer |
