secwatch / observer
8-K filed February 22, 2024, 6:59 PM ET ticker OCUL CIK 0001393434
other material confidence high sentiment positive materiality 0.85

Ocular Therapeutix raises $325M in private placement; appoints Pravin Dugel as Executive Chairman

OCULAR THERAPEUTIX, INC

Executive movements

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Appointed

Pravin U. Dugel, M.D.

Executive Chairman
OCUL · OCULAR THERAPEUTIX, INC
Effective
2024-02-21
Filed
February 22, 2024, 6:59 PM ET
On February 20, 2024, Pravin U. Dugel, M.D., was appointed as Executive Chairman of the Company and as a Class III director, effective as of February 21, 2024

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

OCULAR THERAPEUTIX, INC reported the quarter and year ended December 31, 2023 results: revenue approximately $57.9 million.

Period
the quarter and year ended December 31, 2023
Revenue
approximately $57.9 million
Result
preliminary results
Exact text from the filing
its preliminary, unaudited cash and cash equivalents were approximately $195.8 million as of December 31, 2023, and its preliminary, unaudited net product revenue for the year ended December 31, 2023, was approximately $57.9 million.
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Executive change SEC 8-K Item 5.02 confidence 0.95

Pravin U. Dugel, M.D. was appointed as Executive Chairman at OCULAR THERAPEUTIX, INC.

Action
appointed
Role
Executive Chairman
Exact text from the filing
On February 20, 2024, Pravin U. Dugel, M.D., was appointed as Executive Chairman of the Company and as a Class III director, effective as of February 21, 2024
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

OCULAR THERAPEUTIX, INC entered into Securities Purchase Agreement with certain institutional accredited investors valued at approximately $325.0 million (effective 2024-02-21).

Action
entry
Agreement
equity purchase
Counterparty
certain institutional accredited investors
Value
approximately $325.0 million
Effective
2024-02-21
Exact text from the filing
On February 21, 2024, Ocular Therapeutix, Inc., a Delaware corporation (the “Company”), entered into a securities purchase agreement (the “Securities Purchase Agreement”) with certain institutional accredited investors (the “Investors”), pursuant to which the Company agreed to issue and sell to the Investors in a private placement an aggregate of 32,413,560 shares of the Company’s common stock, par value $0.0001 per share (the “Shares”), at a price of $7.52 per share and, to certain Investors in lieu of Shares, pre-funded warrants to purchase 10,805,957 shares of the Company’s common stock (the “Pre-Funded Warrants”) at a price of $7.519 per Pre-Funded Warrant (the “Private Placement”).
View on SEC.gov

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OCULAR THERAPEUTIX, INC filing history →

Source: SEC EDGAR
accession 0001104659-24-026324
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