secwatch / observer
8-K filed December 23, 2022, 6:59 PM ET ticker OTLK CIK 0001649989
other material confidence high sentiment neutral materiality 0.75

Outlook Therapeutics raises $25M in registered direct offering at $0.8784/share

Outlook Therapeutics, Inc.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Outlook Therapeutics, Inc. entered into Engagement Letter with M.S. Howells & Co. (the “Placement Agent”) (effective 2022-12-22).

Action
entry
Agreement
underwriting
Counterparty
M.S. Howells & Co. (the “Placement Agent”)
Effective
2022-12-22
Exact text from the filing
Pursuant to a letter agreement dated as of December 22, 2022 (the “Engagement Letter”), the Company engaged M.S. Howells & Co. (the “Placement Agent”) to act as placement agent with respect to certain accredited investors in the Offering.
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Outlook Therapeutics, Inc. entered into Purchase Agreements with certain institutional and accredited investors, including GMS Ventures and Investments, an affiliate of the Company valued at approximately $25 million (effective 2022-12-23).

Action
entry
Agreement
equity purchase
Counterparty
certain institutional and accredited investors, including GMS Ventures and Investments, an affiliate of the Company
Value
approximately $25 million
Effective
2022-12-23
Exact text from the filing
On December 23, 2022, Outlook Therapeutics, Inc. (the “Company”) entered into securities purchase agreements (the “Purchase Agreements”) with certain institutional and accredited investors (the “Purchasers”), including GMS Ventures and Investments, an affiliate of the Company, pursuant to which the Company agreed to sell and issue, in a registered direct offering, an aggregate of 28,460,831 shares (the “Shares”) of the Company’s common stock, par value $0.01 per share (the “Common Stock”), at a purchase price of $0.8784 per share, for aggregate gross proceeds to the Company of approximately $25 million
View on SEC.gov

119 material agreements filed in the last 30 days. Browse all material agreements →

Outlook Therapeutics, Inc. filing history →

Source: SEC EDGAR
accession 0001104659-22-129882
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