UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Emerging growth company
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Item 1.01. Entry into a Material Definitive Agreement.
On February 28, 2023, ObsEva SA (the “Company”) entered into a share purchase agreement with Ernest Loumaye, Founder and Board Member of the Company, pursuant to which the Company sold 4,000,000 common shares, at a price of CHF 0.104, or approximately USD 0.11 per share, for an aggregate amount of CHF 416,000, or approximately USD 441,958. The shares were from the Company’s pool of treasury shares.
References to “CHF” are to the Swiss franc. This Current Report on Form 8-K contains translations of certain Swiss franc amounts into U.S. dollars at the rate specified below solely for your convenience. These translations should not be construed as representations that the Swiss franc amounts actually represent such U.S. dollar amounts or that they could be converted into U.S. dollars at the rate indicated. U.S. dollar equivalents for “CHF” amounts are calculated based on an exchange rate of 1.06 per U.S. dollar as of February 28, 2023.
Item 3.02 Unregistered Sales of Equity Securities.
The information included in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 3.02 to the extent required. The Company relied upon the exemption from the registration requirements under the Securities Act of 1933, as amended (the “Securities Act”), provided by Regulation S and Section 4(a)(2) of the Securities Act with respect to the sale of the common shares.
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.
| ObsEva SA | ||||||
| Dated: March 1, 2023 | By: | /s/ Will Brown | ||||
| Will Brown | ||||||
| Interim Chief Executive Officer and Chief Financial Officer | ||||||
Document and Entity Information |
Feb. 28, 2023 |
|---|---|
| Cover [Abstract] | |
| Entity Tax Identification Number | 00-0000000 |
| Amendment Flag | false |
| Entity Central Index Key | 0001685316 |
| Document Type | 8-K |
| Document Period End Date | Feb. 28, 2023 |
| Entity Registrant Name | OBSEVA SA |
| Entity Incorporation State Country Code | V8 |
| Entity File Number | 001-37993 |
| Entity Address, Address Line One | Chemin des Aulx, 12 |
| Entity Address, Address Line Two | 1228 Plan-les-Ouates |
| Entity Address, City or Town | Geneva |
| Entity Address, Country | CH |
| Entity Address, Postal Zip Code | 1228 |
| City Area Code | + 41 |
| Local Phone Number | 22 552 38 40 |
| Written Communications | false |
| Soliciting Material | false |
| Pre Commencement Tender Offer | false |
| Pre Commencement Issuer Tender Offer | false |
| Security 12b Title | Common shares, par value CHF 1/13 per share |
| Trading Symbol | OBSV |
| Security Exchange Name | NASDAQ |
| Entity Emerging Growth Company | false |