Item 1.01 Entry into a Material Definitive Agreement.
On
The gross proceeds from the sale of the Shares, including the full exercise of
the option by the Underwriters, before deducting the Underwriters' discounts and
commissions and other estimated offering expenses payable by the Company, are
expected to be approximately
The Shares will be issued in the Offering pursuant to the Company's shelf
registration statement on Form S-3 (File No. 333-238242), which was declared
effective on
The Company currently intends to use the net proceeds from the sale of the Shares in the Offering primarily for general corporate purposes and working capital. General corporate purposes may include commercial expansion (including by acquisition), clinical trials and pharmaceutical initiatives, gross margin enhancement and new product innovations, as well as other uses.
A copy of the opinion of
The foregoing description of the Purchase Agreement is not complete and is qualified in its entirety by reference to the full text of the Purchase Agreement, a copy of which is included as Exhibit 1.1 to this Current Report on Form 8-K and is incorporated herein by reference. The provisions of the Purchase Agreement, including the representations and warranties contained therein, are not for the benefit of any party other than the parties to such agreement and are not intended as a document for investors and the public to obtain factual information about the current state of affairs of the parties to that document. Rather, investors and the public should look to other disclosures contained in the Company's filings with the Commission.
Item 8.01 Other Events.
The Company issued press releases announcing the commencement and pricing of the
Offering on
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. Exhibit Number Description 1.1 Purchase Agreement, dated June 18, 2020 by and among Repro Med Systems, Inc.Piper Sandler & Co. andCanaccord Genuity LLC , as representatives of the several underwriters named therein 5.1 Opinion of Royer Cooper Cohen Braunfeld LLC 23.1 Consent of Royer Cooper Cohen Braunfeld LLC (included in Exhibit 5.1) 99.1 Press Release of Repro Med Systems, Inc. announcing commencement of the offering, datedJune 18, 2020 99.2 Press Release of Repro Med Systems, Inc. announcing pricing of the offering, datedJune 19, 2020 - 2 -
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