UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 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): March 16, 2017
Editas Medicine, Inc.
(Exact Name of Registrant as Specified in its Charter)
Delaware |
| 001-37687 |
| 46-4097528 |
(State or Other Jurisdiction |
| (Commission |
| (IRS Employer |
11 Hurley Street |
| 02141 |
(Address of Principal Executive Offices) |
| (Zip Code) |
Registrant’s telephone number, including area code: (617) 401-9000
(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):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01. Entry into a Material Definitive Agreement.
Public Offering
On March 16, 2017, Editas Medicine, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC, as representatives of a group of underwriters named therein (the “Underwriters”), relating to an underwritten public offering of 4,000,000 shares (the “Underwritten Shares”) of the Company’s common stock, $0.0001 par value per share (the “Common Stock”). All of the Underwritten Shares are being sold by the Company. The offering price of the Underwritten Shares to the public is $22.50 per share, and the Underwriters have agreed to purchase the Underwritten Shares from the Company pursuant to the Underwriting Agreement at a price of $21.15 per share (the “Purchase Price”). After underwriting discounts and commissions and estimated offering expenses, the Company expects to receive net proceeds from the offering of approximately $84.4 million. Under the terms of the Underwriting Agreement, the Company has granted the Underwriters an option, exercisable for 30 days, to purchase up to an additional 600,000 shares of Common Stock (the “Option Shares” and, together with the Underwritten Shares, the “Shares”) at the Purchase Price.
The Underwritten Shares and any Option Shares will be issued pursuant to a shelf registration statement on Form S-3 that was filed with the Securities Exchange Commission (“SEC”) on March 3, 2017 and declared effective by the SEC on March 15, 2017 (File No. 333-216444). A prospectus supplement relating to the offering has been filed with the SEC. The closing of the offering is expected to take place on March 22, 2017, subject to customary closing conditions.
A copy of the Underwriting Agreement is attached as Exhibit 1.1 hereto and is incorporated herein by reference. The foregoing description of the Underwriting Agreement does not purport to be complete and is qualified in its entirety by reference to such exhibit.
A copy of the legal opinion and consent of Wilmer Cutler Pickering Hale and Dorr LLP relating to the Shares is attached as Exhibit 5.1 hereto.
Item 8.01. Other Events.
The full text of the press release announcing the pricing of the underwritten public offering on March 16, 2017 is attached as Exhibit 99.1 hereto and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit |
| Description |
1.1 |
| Underwriting Agreement, dated March 16, 2017, by and among Editas Medicine, Inc. and Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC, as representatives of the underwriters named therein |
5.1 |
| Opinion of Wilmer Cutler Pickering Hale and Dorr LLP |
23.1 |
| Consent of Wilmer Cutler Pickering Hale and Dorr LLP (included in Exhibit 5.1) |
99.1 |
| Press Release dated March 16, 2017 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| EDITAS MEDICINE, INC. | |
|
| |
Date: March 17, 2017 | By: | /s/ Katrine S. Bosley |
|
| Katrine S. Bosley |
|
| President and Chief Executive Officer |
EXHIBIT INDEX
Exhibit |
| Description |
1.1 |
| Underwriting Agreement, dated March 16, 2017, by and among Editas Medicine, Inc. and Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC, as representatives of the underwriters named therein |
5.1 |
| Opinion of Wilmer Cutler Pickering Hale and Dorr LLP |
23.1 |
| Consent of Wilmer Cutler Pickering Hale and Dorr LLP (included in Exhibit 5.1) |
99.1 |
| Press Release dated March 16, 2017 |