---
schema_version: "secwatch.filing_event.v1"
accession: "0001267602-23-000113"
form_type: "8-K"
ticker: null
cik: "0001267602"
company_name: "ALIMERA SCIENCES INC"
filed_at: "2023-08-15T23:59:59+00:00"
generated_at: "2026-06-11T09:14:34.590234+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Alimera Sciences completes mandatory conversion of Series B Preferred; Velan and Caligan become majority owners

## Summary
- Mandatory conversion of Series B Preferred into 43,617,114 shares of common stock and Pre-Funded Warrants for 2,000,000 shares.
- Following conversion, Velan holds ~26% and Caligan ~32% of common stock, constituting a change of control.
- Certificate of Elimination for Series B Preferred filed with Delaware Secretary of State.
- Outstanding shares: 52,418,841 common, plus 2M from Pre-Funded Warrants and 1.6M from other warrants.
- Velan and Caligan retain right to designate two Board directors subject to ownership thresholds.

## SEC filing metadata
- accession: 0001267602-23-000113
- form_type: 8-K
- cik: 0001267602
- company_name: ALIMERA SCIENCES INC
- filed_at: 2023-08-15T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.02, 3.03, 5.01, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1267602/000126760223000113/0001267602-23-000113-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1267602/000126760223000113/alim-20230815x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001267602-23-000113
- JSON: https://secwatch.observer/filing/0001267602-23-000113.json
- Plain text: https://secwatch.observer/filing/0001267602-23-000113.txt

## Key facts
- Governance Changes
  ALIMERA SCIENCES INC: Filed a Certificate of Elimination to remove the Certificate of Designation of Series B Convertible Preferred Stock following mandatory conversion (effective 2023-08-15).
  - Change: charter amendment
  - Effective: 2023-08-15
  source text: the Company filed a certificate of elimination (the “Certificate of Elimination”) to the Certificate of Designation with the Secretary of State of the State of Delaware
  evidence_url: https://www.sec.gov/Archives/edgar/data/1267602/000126760223000113/0001267602-23-000113-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.