---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-006569"
form_type: "8-K"
ticker: null
cik: "0001279695"
company_name: "UNIVERSAL BIOSENSORS INC"
filed_at: "2024-03-05T23:59:59+00:00"
generated_at: "2026-06-05T03:27:12.385977+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Universal Biosensors signs term sheet for A$10M entitlement offer at A$0.15/CDI with options

## Summary
- A$10M pro rata non-renounceable entitlement offer to eligible CDI holders at A$0.15/CDI.
- Each CDI purchased includes one option (3-year term, exercise price A$0.20) to acquire an additional CDI.
- Underwriter may receive up to 13,849,567 options (approx. 5% of A$10M) or A$600,000 cash (6%) as compensation.
- Offer subject to definitive underwriting agreement, ASX and stockholder approvals, and charter amendment to increase authorized shares.
- U.S. persons excluded from participation; securities offered under Regulation S.

## SEC filing metadata
- accession: 0001437749-24-006569
- form_type: 8-K
- cik: 0001279695
- company_name: UNIVERSAL BIOSENSORS INC
- filed_at: 2024-03-05T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1279695/000143774924006569/0001437749-24-006569-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1279695/000143774924006569/ubi20240304_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-006569
- JSON: https://secwatch.observer/filing/0001437749-24-006569.json
- Plain text: https://secwatch.observer/filing/0001437749-24-006569.txt

## Key facts
- Material Agreements
  UNIVERSAL BIOSENSORS INC entered into Underwriting Term Sheet with an underwriter named in the Underwriting Term Sheet valued at A$10 million (effective 2024-02-28).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: an underwriter named in the Underwriting Term Sheet
  - Value: A$10 million
  - Effective: 2024-02-28
  source text: On February 28, 2024, Universal Biosensors, Inc. (the “Company”) entered into a binding equity underwriting term sheet (the “Underwriting Term Sheet”) with an underwriter named in the Underwriting Term Sheet (the “Underwriter”), whereby the Underwriter has agreed to fully underwrite a A$10 million pro rata non-renounceable entitlement offer to eligible existing holders of CHESS Depositary Interests (“CDIs”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1279695/000143774924006569/0001437749-24-006569-index.htm

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