0001104659-20-083297.txt : 20200714 0001104659-20-083297.hdr.sgml : 20200714 20200714103034 ACCESSION NUMBER: 0001104659-20-083297 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20200708 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20200714 DATE AS OF CHANGE: 20200714 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NOVELION THERAPEUTICS INC. CENTRAL INDEX KEY: 0000827809 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 000000000 STATE OF INCORPORATION: A1 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-17082 FILM NUMBER: 201026538 BUSINESS ADDRESS: STREET 1: C/O NORTON ROSE FULBRIGHT STREET 2: 1800 - 510 WEST GEORGIA STREET CITY: VANCOUVER STATE: A1 ZIP: V6B 0M3 BUSINESS PHONE: (877) 764-3131 MAIL ADDRESS: STREET 1: C/O NORTON ROSE FULBRIGHT STREET 2: 1800 - 510 WEST GEORGIA STREET CITY: VANCOUVER STATE: A1 ZIP: V6B 0M3 FORMER COMPANY: FORMER CONFORMED NAME: QLT INC/BC DATE OF NAME CHANGE: 20000608 FORMER COMPANY: FORMER CONFORMED NAME: QLT PHOTO THERAPEUTICS INC DATE OF NAME CHANGE: 19960618 FORMER COMPANY: FORMER CONFORMED NAME: QUADRA LOGIC TECHNOLOGIES INC DATE OF NAME CHANGE: 19941201 8-K 1 tm2024731d1_8k.htm FORM 8-K
0000827809 false 0000827809 2020-07-08 2020-07-08 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

 

UNITED STATES

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): July 8, 2020

 

 

 

Novelion Therapeutics Inc.

(Exact Name of Registrant as specified in its charter)

 

 

 

British Columbia, Canada   000-17082   98-0455702
(State or Other Jurisdiction
of Incorporation)
  (Commission
File Number)
  (IRS Employer
Identification No.)

 

c/o Alvarez & Marsal Canada Inc.

Commerce Place 400 Burrard Street, Suite 1680, Vancouver, BC V6C 3A6 Canada

(Address of principal executive offices)

 

Registrant’s telephone number, including area code: 604-638-7440

 

N/A

(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:

 

¨     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered
Common Shares, without par value NVLNF OTC Markets

 

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 ¨

 

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. ¨

 

 

 

 

 

Item 8.01. Other Events.

 

On July 8, 2020, Novelion Therapeutics Inc. issued a press release announcing that it has ceased to be a reporting issuer under Canadian securities legislation, which press release is attached hereto as Exhibit 99.1 and is incorporated into this Item 8.01 by reference.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit No.  Description
99.1  Press Release, dated July 8, 2020.
104  Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

2

 

 

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.

 

  Novelion Therapeutics Inc.
   
     
  By: /s/ Alvarez & Marsal Canada Inc.
  Name:    Alvarez & Marsal Canada Inc.
  Title: Liquidator, acting solely in such capacity and not in its personal capacity

 

Date:  July 13, 2020

 

3

 

EX-99.1 2 tm2024731d1_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

 

 

Novelion Therapeutics Ceases to be a Reporting Issuer in Canada

 

VANCOUVER, British Columbia, July 8, 2020 – Novelion Therapeutics Inc. (“Novelion” or the “Company”) by Alvarez & Marsal Canada Inc., Novelion’s court appointed liquidator (the “Liquidator”) announces that it has ceased to be a reporting issuer under Canadian securities legislation in each of the provinces of Canada as a result of an order issued by the British Columbia Securities Commission on behalf of itself and other Canadian securities regulatory authorities. The order was issued in response to an application made by Novelion and accordingly, Novelion will no longer be required to file financial statements or other continuous disclosure documents with Canadian securities regulatory authorities.

 

A copy of the order is available on the website established by the Liquidator at www.alvarezandmarsal.com/novelion.

 

The Liquidator, on behalf of Novelion, intends to issue news releases or provide other material updates related to the status of the liquidation, including on current reports on Form 8-K to be filed with the U.S. Securities and Exchange Commission (the “Commission”), on an as needed basis to keep shareholders apprised of the progress of the liquidation. Novelion does not intend to file any financial statements or any periodic or other reports or filings with the Commission, except for the aforementioned current reports. Shareholders are encouraged to check www.alvarezandmarsal.com/novelion from time to time for updates.

 

As noted in Novelion’s June 12, 2020 press release, the Liquidator continues to believe that Novelion will be able to complete distributions in the fourth quarter of 2020, subject to the resolution of claims and other ongoing administrative matters including the finalization of tax returns and related matters in Canada and the U.S.

 

Forward-Looking Statements

 

Certain statements in this press release constitute “forward-looking statements” and “forward-looking information” within the meaning of applicable laws and regulations, including U.S. and Canadian securities laws. Any statements contained herein which do not describe historical facts, including, but not limited to, the Liquidator’s intention to issue news releases or provide other material updates related to the status of the liquidation, the Liquidator’s actions with respect to the liquidation, the amount, timing and nature of any distribution as part of the liquidation and the ultimate outcome of the liquidation process are forward-looking statements which involve risks and uncertainties that could cause actual results to differ materially from those discussed in such forward-looking statements.

 

1 

 

 

Such risks and uncertainties include, among others, the impact of any determinations of the Supreme Court of British Columbia and the actions of the Liquidator undertaken as part of the liquidation, the possibility that there could be claims or actions that result from the claims process conducted as part of the liquidation or otherwise, the possibility that such claims and actions could be costly to defend and could have negative outcomes, the possibility that actual expenses and claims that result from the liquidation will be greater than anticipated, and the potential impact of any volatility in the market price of the ordinary shares of Amryt Pharma plc currently held by the Company, any or all of which could materially reduce the availability of assets available for distribution to shareholders, as well as those risks identified in Novelion’s filings with the Securities and Exchange Commission (the “SEC”) and Canadian securities regulators, including the definitive proxy statement filed on October 3, 2019, which are available on the SEC’s website at www.sec.gov and on SEDAR at www.sedar.com. The impact from any such risks and uncertainties could materially reduce or eliminate the availability of assets available for distribution to shareholders.

 

Novelion cautions investors and others not to place undue reliance on any forward-looking statements, which speak only as of the date they are made. Except as required by law, Novelion undertakes no obligation to update or revise the information contained in this press release, whether as a result of new information, future events or circumstances or otherwise.

 

CONTACT:

 

Nishant Virmani

Alvarez & Marsal Canada Inc.

nvirmani@alvarezandmarsal.com

www.alvarezandmarsal.com/novelion

 

2 

 

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