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
Under the Securities Exchange Act of 1934
For the Month of September 2017
001-37353
(Commission File Number)
BIONDVAX PHARMACEUTICALS LTD.
(Exact name of Registrant as specified in its charter)
14 Einstein St.
Ness Ziona
Israel 74036
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover
Form 20-F or Form 40-F.
Form 20-F ☒ 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): ____
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ☐ No ☒
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-N/A
On September 13, 2017, BiondVax Pharmaceuticals Ltd. (“BiondVax” or the “Company”) entered into an Underwriting Agreement with Joseph Gunner & Co., LLC, as representative of the several underwriters named therein (the “Underwriters”), relating to an underwritten public offering of 1,500,000 American Depositary Shares, each representing forty (40) or of the Company’s ordinary shares, NIS 0.0000001 par value each (“ADSs”), at a public offering price of $6.00 per ADS. Under the terms of the Underwriting Agreement, the Company granted the Underwriters a 45-day option to purchase up to an aggregate pf 166,667 additional ADSs, which option has been exercised in full (the “Overallotment Option”). The gross proceeds to the Company from the offering, prior to deducting underwriting discounts and commissions and other estimated offering expenses payable by the Company are expected to be $10.0 million, including full exercise of Overallotment Option. The offering is expected to close on September 18, 2017.
The offering is being made pursuant to the Company’s effective shelf registration statement on Form F-3 (Registration No. 333-214439) previously filed with the Securities and Exchange Commission (“SEC”), including the prospectus dated December 15, 2016, as supplemented by a preliminary prospectus supplement filed with the SEC on September 13, 2017.
The Underwriting Agreement contains representations, warranties and covenants of the Company that are customary for transactions of this type and customary conditions to closing. Additionally, the Company has agreed to provide the Underwriters with customary indemnification rights under the Underwriting Agreement. The foregoing description of the Underwriting agreement is qualified in its entirety by reference to the Underwriting Agreement, a copy of which is furnished as Exhibit 1.1 to this Form 6-K and is incorporated herein by reference. A copy of the opinion of Pearl Cohen Zedek Latzer Baratz, Israeli Counsel to the Company relating to the ordinary shares underlying the ADSs to be issued in this offering is furnished as Exhibit 5.1 to this Form 6-K and is incorporated by reference herein.
A copy of the opinion of Pearl Cohen Zedek Latzer Baratz, LLP, U.S. counsel to the Company, relating to the ADSs to be issued in this offering is furnished as Exhibit 5.2 to this Form 6-K and is incorporated by reference herein.
Exhibit Index
Exhibit No. | Description | |
1.1 | Underwriting Agreement dated September 13, 2017 | |
5.1 | Opinion of Pearl Cohen Zedek Latzer Baratz | |
5.2 | Opinion of Pearl Cohen Zedek Latzer Baratz, LLP |
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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, thereunto duly authorized.
BiondVax Pharmaceuticals Ltd. | ||
Date: September 15, 2017 | By: | /s/ Ron Babecoff |
Ron Babecoff | ||
Chief Executive Officer |
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