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): September 13, 2019
Onconova Therapeutics, Inc.
(Exact name of Registrant as specified in its charter)
Delaware |
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001-36020 |
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22-3627252 |
(State or Other Jurisdiction |
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(Commission |
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(I.R.S. Employer |
375 Pheasant Run
Newtown, PA 18940
(267) 759-3680
(Address, Including Zip Code, and Telephone Number, Including Area Code, of Registrants Principal Executive
Offices)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
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 Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company o
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. o
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
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Trading Symbol(s) |
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Name of each exchange on which registered |
Common stock, par value $.01 per share |
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ONTX |
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The Nasdaq Stock Market LLC |
Warrants to purchase common stock |
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ONTXW |
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The Nasdaq Stock Market LLC |
Item 1.02. Termination of a Material Definitive Agreement
On May 17, 2019, Onconova Therapeutics, Inc. (the Company) entered into a common stock Sales Agreement (the Sales Agreement) with Roth Capital Partners, LLC (Roth) with respect to an at the market offering program (the ATM Program), under which the Company was permitted, from time to time in its sole discretion, to issue and sell through or to Roth, acting as agent or principal, up to $5,000,000 aggregate offering price of shares of the Companys common stock, par value $0.01 per share (the Placement Shares). The issuance and sale of the Placement Shares by the Company under the Sales Agreement were required to be made pursuant to the Companys registration statement on Form S-3 (File No. 333-221684), originally filed with the Securities and Exchange Commission (the SEC) on November 20, 2017 and declared effective by the SEC on December 28, 2017, and a related prospectus supplement filed with the SEC on May 17, 2019. As of September 13, 2019, the Company did not sell any shares of common stock under the ATM program.
Effective September 13, 2019, the Company terminated the Sales Agreement and the related ATM Program.
The Company has decided to terminate the Sales Agreement because it does not intend to utilize the Sales Agreement to raise additional capital. The Company will not incur any termination penalties as a result of its termination of the Sales Agreement.
A description of the terms and conditions of the Sales Agreement is set forth in the Companys current report on Form 8-K filed with the SEC on May 17, 2019 and is incorporated herein by reference.
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.
Dated: September 13, 2019 |
Onconova Therapeutics, Inc. | |
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By: |
/s/ Mark Guerin |
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Name: Mark Guerin |
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Title: Chief Financial Officer |