Delaware
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000-30975
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911789357
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(State of Incorporation)
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(Commission File Number)
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(IRS Employer Identification Number)
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12325 Emmet Street, Omaha, Nebraska
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68164
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(Address of principal executive offices)
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(Zip Code)
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As reported
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Pro-Forma
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Dollars in Thousands
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September 30,
2011 |
September 30,
2011 |
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Total Assets
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$ | 29,974 | $ | 29,974 | ||||
Total Liabilities
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29,683 | 18,483 | ||||||
Redeemable Series A convertible preferred stock
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1,796 | — | ||||||
Total Stockholders' Equity (Deficit)
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(1,505 | ) | 11,491 | |||||
$ | 29,974 | 29,974 |
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3.1
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Certificate of Designation of Series A Convertible Preferred Stock dated as of December 28, 2010 (incorporated by reference to Exhibit 3.1 to Registrant’s Report on Form 8-K (Registration No. 000-30975) filed on January 4, 2011.)
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4.1
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Registration Rights Agreement dated December 29, 2010, by and among Transgenomic, Inc., Third Security Senior Staff 2008 LLC, Third Security Staff 2010 LLC, and Third Security Incentive 2010 LLC (incorporated by reference to Exhibit 4.3 to Registrant’s Report on Form 8-K (Registration No. 000-30975) filed on January 4, 2011.)
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4.2
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First Amendment to Registration Rights Agreement dated November 8, 2011.
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10.1
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Agreement Regarding Preferred Stock dated November 8, 2011.
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TRANSGENOMIC, INC. | |||
Dated: November 14, 2011
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By: |
/s/ Brett L. Frevert
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Brett L. Frevert
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Chief Financial Officer
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Third Security Senior Staff 2008 LLC,
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a Virginia limited liability company
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By:
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/s/ Randal J. Kirk
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Name: Randal J. Kirk
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Title: Manager, Third Security, LLC,
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which is the Manager of
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Third Security Senior Staff 2008 LLC
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Third Security Staff 2010 LLC,
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a Virginia limited liability company
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By:
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/s/ Randal J. Kirk
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Name: Randal J. Kirk
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Title: Manager, Third Security, LLC,
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which is the Manager of
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Third Security Staff 2010 LLC
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Third Security Incentive 2010 LLC,
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a Virginia limited liability company
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By:
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/s/ Randal J. Kirk
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Name: Randal J. Kirk
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Title: Manager, Third Security, LLC,
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which is the Manager of
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Third Security Incentive 2010 LLC
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Transgenomic, Inc.,
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a Delaware corporation
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By:
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/s/ Craig J. Tuttle
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Name: Craig J. Tuttle
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Title: President
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(a)
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“Agreement” means this Agreement Regarding Preferred Stock as the same may be amended, supplemented or modified in accordance with the terms hereof.
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(b)
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“Amendments” has the meaning assigned to such term in the recitals to this Agreement.
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(c)
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“Annual Meeting” means the next annual meeting of the stockholders of the Company after the date of this Agreement at which the proposed Certificate Amendment is voted upon.
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(d)
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“Certificate Amendment” has the meaning assigned to such term in the recitals to this Agreement.
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(e)
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“Common Stock” means the Company’s Common Stock.
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(f)
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“Company” has the meaning assigned to such term in the recitals to this Agreement.
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(g)
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“Holder” and “Holders” have the meanings assigned to such terms in the recitals to this Agreement.
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(h)
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“Person” means any individual, corporation, limited liability company, partnership, trust, incorporated or unincorporated association, joint venture, joint stock company, government (or agency or political subdivision thereof) or other entity of any kind.
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(i)
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“Purchase Agreement” has the meaning assigned to such term in the recitals to this Agreement.
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(j)
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“Registration Rights Agreement” has the meaning assigned to such term in the recitals to this Agreement.
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(k)
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“Rights Amendment” has the meaning assigned to such term in the recitals to this Agreement.
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(l)
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“Series A Preferred" means the Company’s Series A Convertible Preferred Stock.
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(m)
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“Transferee” means any Person who becomes an owner, by issuance, assignment, sale or otherwise, of (i) Series A Preferred originally held by a Holder or (ii) any Warrants or Warrant Shares, other than a Holder.
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(n)
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“Warrant Shares” means the shares of Series A Preferred issuable upon exercise of the Warrants.
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(o)
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“Warrants” has the meaning assigned to such term in the recitals to this Agreement.
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(a)
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Organization. Holder is duly organized, validly existing and in good standing under the laws applicable to its formation or organization.
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(b)
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Capacity, Authorization and Enforceability. Holder has full power and authority to enter into this Agreement and to perform all its obligations under this Agreement. This Agreement has been duly authorized, executed and delivered by Holder and constitutes its legal, valid and binding obligations enforceable against it in accordance with its terms.
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(c)
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No Violation. The execution, delivery and performance of this Agreement will not violate or cause a default under any of the documents applicable to the formation, organization or governance of Holder, or any law, rule or regulation of any governmental authority.
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(d)
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Experience. Holder has such knowledge and experience in financial and business matters that it is capable of evaluating the merits and risks of acquiring the Common Stock contemplated hereby. Holder is an "accredited investor" as such term is defined in Rule 501 of Regulation D promulgated under the Securities Act of 1933, as amended (the “Securities Act”).
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(e)
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Information Provided Respecting the Company. Holder is a stockholder of the Company and as such has been supplied with information and materials concerning the Company and its operations, structuring and financing. The Company has provided Holder with the opportunity to discuss with and ask questions of the Company's representatives concerning its financial and business affairs.
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(f)
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Investment. Holder is acquiring the Common Stock in the ordinary course of its business, for investment for its own account, not as a nominee or agent, and not with the view to, or for resale in connection with, any distribution thereof. Holder understands that the Common Stock to be issued to Holder pursuant to this Agreement has not been, and will not be, registered under the Securities Act by reason of a specific exemption from the registration provisions of the Securities Act, the availability of which depends upon, among other things, the bona fide nature of the investment intent and the accuracy of Holder's representations as expressed herein.
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(g)
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Rule 144. Holder acknowledges that the Common Stock must be held indefinitely unless subsequently registered under the Securities Act or unless an exemption from such registration is available. Holder is aware of the provisions of Rule 144 promulgated under the Securities Act which permit limited resale of securities acquired in a private placement subject to the satisfaction of certain conditions.
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(h)
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Ownership. As of the date hereof Holder owns all of the Series A Preferred and Warrants it acquired pursuant to the Purchase Agreement, it has not exercised its Warrants to receive any Warrant Shares, and it has not transferred or agreed to transfer any of its rights or interests in the Series A Preferred, Warrant Shares or Warrants.
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(a)
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Organization. The Company is duly organized, validly existing and in good standing under the laws applicable to its formation or organization.
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(b)
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Capacity, Authorization and Enforceability. The Company has full corporate power and authority to enter into this Agreement and to perform all its obligations under this Agreement. This Agreement has been duly authorized, executed and delivered by the Company and constitutes its legal, valid and binding obligations enforceable against it in accordance with its terms.
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(c)
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No Violation. The execution, delivery and performance of this Agreement will not violate or cause a default under any of the documents applicable to the formation, organization or governance of the Company, or any law, rule or regulation of any governmental authority.
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Third Security Senior Staff 2008 LLC, | |||
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a Virginia limited liability company | ||
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|||
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By: |
/s/ Randal J. Kirk
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Name: Randal J. Kirk
|
||
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Title: Manager, Third Security, LLC,
|
||
which is the Manager of
|
|||
Third Security Senior Staff 2008 LLC
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Third Security Staff 2010 LLC, | ||
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a Virginia limited liability company | ||
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|||
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By: |
/s/ Randal J. Kirk
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Name: Randal J. Kirk
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||
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Title: Manager, Third Security, LLC,
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which is the Manager of
|
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Third Security Staff 2010 LLC
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Third Security Incentive 2010 LLC, | ||
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a Virginia limited liability company | ||
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|||
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By: |
/s/ Randal J. Kirk
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Name: Randal J. Kirk
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||
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Title: Manager, Third Security, LLC,
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which is the Manager of
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|||
Third Security Incentive 2010 LLC
|
|||
Transgenomic, Inc., | |||
a Delaware corporation | |||
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By: |
/s/ Craig J. Tuttle
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Name: Craig J. Tuttle
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Title: President
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