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 20, 2000
Discovery Laboratories, Inc.
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(Exact Name of Registrant as Specified in its Charter)
Delaware 000-26422 94-3171943
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(State or Other (Commission (I.R.S. Employer
Jurisdiction of File Number) Identification
incorporation) No.)
350 Main Street, Suite 307, Doylestown, Pennsylvania 18901
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(Address of Principal Executive Offices (Zip Code)
(Registrant's Telephone Number, Including Area Code) (215) 340-4699
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(Former Name or Former Address, If Changed Since Last Report.)
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ITEM 5. Other Events.
On March 20, 2000, Registrant issued a press release to announce
that it has entered into definitive agreements to raise approximately
$18,868,500 in gross proceeds through a private placement. The Company will
issue units consisting of an aggregate of 2,902,846 shares of its common stock
and 580,569 Class E warrants with an exercise price of $7.63. In addition, the
Company will pay Paramount Capital, Inc., the placement agent, a fee consisting
of $1,320,795 and 348,341 warrants with an exercise price of $8.11.
ITEM 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits.
ExhibitDescription
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4.1 Form of Class E Warrant
99.1 Press Release, dated March 20, 2000.
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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 hereunto duly authorized.
DISCOVERY LABORATORIES, INC.
By: /s/ Robert J. Capetola, Ph.D.
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Name: Robert J. Capetola, Ph.D.
Title: President and Chief Executive
Officer
Date: March 29, 2000
933989.1