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): November 10, 2006
PEREGRINE PHARMACEUTICALS, INC.
(Exact name of registrant as specified in its charter)
Delaware | | 0-17085 | | 95-3698422 |
(State of other jurisdiction of incorporation) | | (Commission File Number) | | (IRS Employer Identification No.) |
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14272 Franklin Avenue, Tustin, California 92780 |
| (Address of Principal Executive Offices) |
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Registrant’s telephone number, including area code: (714) 508-6000 |
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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):
| 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.14d-2(b)) |
| o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
On November 10, 2006, Peregrine Pharmaceuticals, Inc. (the “Company”) received net proceeds of $1.2 million from ZLP Master Fund, Ltd., an institutional investor (the “Investor”) upon the exercise of two warrants to purchase an aggregate 1,200,000 shares of common stock at an exercise price of $1.00 per share. The warrants were originally issued on November 16, 2001 in connection with a financing transaction under a Securities Purchase Agreement completed on the same date. After the exercise of these warrants, the Company has outstanding warrants to purchase up to 697,865 shares of common stock with a weighted average exercise price of $1.64 per share and approximately 195,120,000 shares of common stock outstanding.
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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| | PEREGRINE PHARMACEUTICALS, INC. |
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| Date: November 14, 2006 | By: | /s/ Steven W. King |
| | Steven W. King |
| | President and Chief Executive Officer, Director |
