UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Securities registered pursuant to Section 12(b) of the Act:
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Ordinary Shares, nominal value $0.01 per share** |
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| Item 8.01 | Other Events. |
As previously disclosed, on March 29, 2023, Avadel Pharmaceuticals plc (the “Company”) entered into an underwriting agreement with Jefferies LLC, as representative of several underwriters, relating to the registered public offering (the “Offering”) of an aggregate of (i) up to 12,205,883 ordinary shares, nominal value $0.01 per share of the Company (“Ordinary Shares”) in the form of American Depositary Shares (“ADSs”), which included the Company’s grant to the Underwriters, of an option to purchase an additional 2,205,882 Ordinary Shares represented by ADSs (the “Option Shares”), and (ii) 4,705,882 Series B Non-Voting Convertible Preferred Shares.
On April 3, 2023, the Company closed the Offering, which included the Underwriters’ full exercise of its option to purchase the Option Shares. The gross proceeds from the Offering were approximately $143.8 million, before deducting underwriting discounts, commissions, and other offering expenses. Following the closing of the Offering, the Company has 76,683,391 Ordinary Shares, 4,705,882 Series B Non-Voting Convertible Preferred Shares, and 487,614 Series A Non-Voting Convertible Preferred Shares outstanding.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: April 3, 2023 | AVADEL PHARMACEUTICALS PLC | ||
| By: | /s/ Jerad G. Seurer | ||
| Name: | Jerad G. Seurer | ||
| Title: | General Counsel & Corporate Secretary | ||