Item 2.02 Results of Operations and Financial Condition.
On May 14, 2020, BioLife Solutions, Inc. (the "Company") issued a press release
announcing the preliminary financial results and operational highlights for the
first quarter ended March 31, 2020. A copy of the press release is furnished as
Exhibit 99.1 to this current report on Form 8-K.
Item 8.01 Other Events.
On May 14, 2020, the Company also announced that it entered into a share
purchase agreement with Casdin Capital LLC, a New York-based, life
science-focused investment firm and current stockholder of the Company
("Casdin"), pursuant to which Casdin agreed to invest $20 million in the Company
at a price per share of $10.50.
Additionally, on May 14, 2020, the Company entered into separate warrant
exercise agreements with WAVI Holding AG and Taurus4757 GmbH pursuant to which
the warrant holders immediately exercised their respective warrants via a
"cashless" exercise as agreed to by the Company. As a result of the cashless
exercise, the Company issued approximately 2.7 million shares to the warrant
holders and has eliminated approximately 3.9 million warrants from its overhang.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description
99.1 Press release, dated May 14, 2020
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