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2019-12-22
2019-12-22
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): December 22,
2019
TG
Therapeutics, Inc.
(Exact
Name of Registrant as Specified in Charter)
Delaware
(State
or Other Jurisdiction
of
Incorporation)
|
001-32639
(Commission
File Number)
|
36-3898269
(IRS
Employer Identification No.)
|
2 Gansevoort
Street, 9th Floor
New
York, New
York 10014
(Address
of Principal Executive Offices)
(212)
554-4484
(Registrant's
telephone number, including area code)
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.
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange
Act.
☐
Pre-commencement communications pursuant to Rule 14d-2b under the
Exchange Act.
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act.
Securities
filed pursuant to Section 12(b) of the Act:
Title
of Class
|
Trading
Symbol(s)
|
Exchange
Name
|
Common
Stock
|
TGTX
|
Nasdaq
Capital Market
|
Indicate by check
mark whether the registrant is an emerging growth company as
defined in Rule 405 of the Securities Act of 1933 (17 CFR
§230.405) or Rule 12b-2 of the Securities Exchange Act of 1934
(17 CFR §240.12b-2). 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
December 23, 2019, TG Therapeutics, Inc. (the
“Company”) announced that it entered into a securities
purchase agreement (the “Agreement”) with an
institutional investor (the “Purchaser”) on December
22, 2019, pursuant to which the Company agreed to issue and sell to
Purchaser 5,434,783 shares of its common stock for an aggregate
amount of approximately $50,000,000 at a purchase price of $9.20
per share (the “Shares”).
The
Agreement includes customary representations, warranties, closing
conditions and covenants by the Company and the
Purchaser.
The
aggregate gross proceeds to the Company from the transaction are
expected to be approximately $50,000,000, less
expenses.
The
summary of the Agreement set forth above does not purport to be
complete and is subject to and is qualified in its entirety by
reference to the text of such Agreement, a form of which is filed
herewith as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
(d)
Exhibits.
The
following exhibits are filed as part of this report:
Exhibit No.
|
|
Description
|
|
|
Opinion
of Alston & Bird LLP.
|
|
|
Consent
of Alston & Bird LLP (included in Exhibit 5.1).
|
|
|
Form of
Securities Purchase Agreement.
|
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.
|
TG Therapeutics, Inc. (Registrant)
|
|
|
|
|
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Date:
December 23, 2019
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By:
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/s/
Sean A. Power
|
|
|
|
Sean A.
Power
|
|
|
|
Chief
Financial Officer
|
|