Item 1.02. Termination of a Material Definitive Agreement.
In connection with the consummation of the Merger, onJuly 21, 2022 , the Company terminated all commitments and repaid all outstanding loans under the Credit Agreement, datedSeptember 23, 2016 , by and among the Company,JPMorgan Chase Bank, N.A . as Administrative Agent,Citibank, N.A . as Syndication Agent, and the lenders party thereto.
Item 2.01. Completion of Acquisition or Disposition of Assets.
The information set forth in the Introduction is incorporated herein by reference into this Item 2.01.
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Item 3.01. Standard; Transfer of Listing. The information set forth in Item 2.01 is incorporated by reference into this Item 3.01. In connection with the consummation of the Merger, Natus requested that the Nasdaq Global Select Market ("Nasdaq") suspend trading of Company Common Stock on Nasdaq and remove Company Common Stock from listing on Nasdaq, in each case, prior to the opening of the market onJuly 21, 2022 . Natus also requested that Nasdaq file a notification of removal from listing of Company Common Stock on Form 25 with theSEC . Natus intends to file Form 15 with theSEC to request the deregistration of Company Common Stock under Section 12 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and the suspension of Natus' reporting obligations under Sections 13 and 15(d) of the Exchange Act ten days after the filing of the Form 25. Item 3.03. Material Modification to Rights of Security Holders.
The information set forth in Item 2.01, Item 3.01, Item 5.01, Item 5.02 and Item 5.03 is incorporated by reference into this Item 3.03.
At the Effective Time, each holder of Company Common Stock immediately prior to the Effective Time ceased to have any rights as a shareholder of Natus other than the right to receive the Merger Consideration pursuant to the Merger Agreement. Item 5.01. Changes in Control of Registrant. The information set forth in Item 2.01, Item 3.01, Item 3.03, Item 5.02 and Item 5.03 is incorporated by reference into this Item 5.01. As a result of the Merger, a change in control of Natus occurred, and Natus is now a wholly-owned subsidiary of Parent. . Parent obtained the funds necessary to fund the Merger through equity financing from certain funds managed by ArchiMed and debt financing fromJefferies Finance LLC . Departure of Directors or Certain Officers; Election of
Directors; Appointment Item 5.02. of Certain Officers; Compensatory Arrangements of Certain Officers.
As of the Effective Time, in accordance with the Merger Agreement, all of the directors of Natus immediately prior to the Effective Time resigned as directors of Natus andJustin Bateman andFlorian Demleitner were appointed directors of Natus.
The officers of Merger Sub as of immediately prior to the Effective Time will be the officers of Natus until their successors are duly appointed.
Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
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The information set forth in Item 2.01, Item 3.03, Item 5.01 and Item 5.02 is incorporated by reference into this Item 5.03.
Pursuant to the Merger Agreement, at the Effective Time, the Amended and Restated Certificate of Incorporation of the Company, as in effect immediately prior to the Effective Time, was amended and restated in its entirety to be in the form of the certificate of incorporation of Merger Sub as in effect immediately prior to the Effective Time, except for provisions with respect to indemnification, exculpation and advancement of expenses. In addition, at the Effective Time, the Second Amended and Restated Bylaws of the Company, as in effect immediately prior to the Effective Time, were amended and restated in their entirety to be in the form of the Bylaws of Merger Sub as in effect immediately prior to the Effective Time. Copies of Natus' amended and restated certificate of incorporation and amended and restated bylaws are attached as Exhibits 3.1 and 3.2, respectively, to this Current Report on Form 8-K and are incorporated by reference into this Item 5.03.
Item 8.01. Other Events.
OnJuly 21, 2022 , Natus and ArchiMed issued a joint press release announcing the completion of the Merger, a copy of which is attached hereto as Exhibit 99.1 and incorporated herein by reference into this Item 8.01. Item 9.01. Financial Statements and Exhibits (d) Exhibits. Exhibit Number Description Agreement and Plan of Merger, dated as of April
17, 2022, by and among Natus
Medical Incorporated ,Prince Parent Inc. and
(incorporated by reference to Exhibit 2.1 to the
Current Report on Natus
2.1 Medical Incorporated Form 8-K (file No. 000-33001)
filed on
Second Amended and Restated Certificate of
Incorporation of
3.1 Incorporated, datedJuly 21, 2022 + Third Amended and Restated Bylaws of Natus
3.2 21, 2022 + Retention Agreement, dated as ofApril 17, 2022 ,
by and among Natus Medical
Incorporated,Prince Parent Inc. and Thomas J.
Sullivan (incorporated by
reference to Exhibit 10.1 to the Current Report on
10.1 Form 8-K (file No. 000-33001) filed onApril 18 .
2022)
99.1 Joint Press Release, datedJuly 21, 2022 + The cover page from this Current Report on Form 8-K, formatted in Inline XBRL 104 (included as Exhibit 101). * Schedules have been omitted pursuant to Item 601(b)(2) of Regulation S-K.The Company agrees to furnish a supplemental copy of any omitted schedule to theSEC upon request.
+ Filed herewith.
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