Log in
Login
Password
Remember
Lost password
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  OTC Bulletin Board  >  La Jolla Pharmaceutical Company    LJPCD

SummaryQuotesNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 
The feature you requested does not exist. However, we suggest the following feature:

LA JOLLA PHARMACEUTICAL : Entry into a Material Definitive Agreement, Financial Statements and Exhibits (form 8-K)

09/15/2015 | 04:04pm US/Eastern

ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.

On September 9, 2015, La Jolla Pharmaceutical Company ("We," "La Jolla" or the "Company") entered into an underwriting agreement (the "Underwriting Agreement") with Jefferies LLC and Cowen and Company, LLC, as representatives of the several underwriters (the "Underwriters"), pursuant to which we agreed to issue and sell an aggregate of 2,932,500 shares, including 382,500 shares to be sold pursuant to the exercise by the Underwriters of the option we granted the Underwriters to purchase such shares, of our common stock (the "Shares") to the Underwriters (the "Offering"). The Shares were sold at a public offering price of $38.00 per Share, and were purchased by the Underwriters from us at a price of $35.72 per Share. On September 11, 2015, the underwriters exercised their option to purchase an additional 382,500 shares of our common stock.

We estimate that net proceeds we will receive from the Offering, including the proceeds from the additional 382,500 shares that will be purchased by the underwriters following the exercise of their option, will be approximately $104.7 million, after deducting the Underwriters' discounts and commissions and estimated offering expenses payable by us.

The Offering was made pursuant to La Jolla's effective registration statement on Form S-3 (Registration No. 333-197092), which was previously filed with the Securities and Exchange Commission ("SEC") under the Securities Act of 1933, as amended (the "Securities Act"), and was declared effective, a related automatically effective registration statement filed with the SEC pursuant to Rule 462(b) of the Securities Act (File No. 333-206855), and a prospectus supplement filed with the SEC.

The Offering closed on September 15, 2015. In the Underwriting Agreement, the Company agreed to indemnify the Underwriters against certain liabilities, including liabilities under the Securities Act or to contribute to payments that the Underwriters may be required to make because of such liabilities.

A copy of the Underwriting Agreement is attached as Exhibit 1.1 hereto and is incorporated herein by reference. The foregoing description of the Underwriting Agreement does not purport to be complete and is qualified in its entirety by reference to such exhibit.

A copy of the opinion of Gibson, Dunn & Crutcher LLP relating to the validity of the securities issued in the Offering is filed herewith as Exhibit 5.1.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.



(d) Exhibits.



Exhibit
  No.        Description

 1.1         Underwriting Agreement, dated September 9, 2015, among La Jolla
             Pharmaceutical Company and Jefferies LLC and Cowen and Company, LLC,
             as representatives of the several underwriters named therein

 5.1         Opinion of Gibson, Dunn & Crutcher LLP

23.1         Consent of Gibson, Dunn & Crutcher (contained in Exhibit 5.1)




                                   *   *   *

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses

React to this article
Latest news on LA JOLLA PHARMACEUTICAL CO
01/29 LA JOLLA PHARMACEUTICAL : to Provide Corporate Overview at the 2016 BIO CEO & In..
01/11 LA JOLLA PHARMACEUTICAL : Other Events, Financial Statements and Exhibits (form ..
2015 LA JOLLA PHARMACEUTICAL : Announces Notice of Allowance for U.S. Patent Covering..
2015 LA JOLLA PHARMACEUTICAL : Patent Issued for Modified Pectins, Compositions and M..
2015 LA JOLLA PHARMACEUTICAL : Announces Third Quarter 2015 Financial Results and Rec..
2015 LA JOLLA PHARMACEUTICAL : Results of Operations and Financial Condition, Financi..
2015 LA JOLLA PHARMACEUTICAL : posts 3Q loss
2015 LA JOLLA PHARMACEUTICAL : Announces Third Quarter 2015 Financial Results and Rec..
2015 LA JOLLA PHARMACEUTICAL : MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL COND..
2015 LA JOLLA PHARMACEUTICAL : Doses First Patient in Phase 1 Clinical Trial of LJPC-..
Advertisement
Income Statement Evolution
More Financials