Item 8.01 Other Events.
As previously reported on a Form 8-K filed on September 2, 2020, on August 28,
2020, Celsion Corporation, a Delaware corporation ("Celsion"), entered into the
First Amendment (the "Amendment") to the Venture Loan and Security Agreement
with Horizon Technology Finance Corporation ("Horizon") dated June 27, 2018 (the
"Initial Horizon Credit Agreement"). Pursuant to the Amendment, one-half of the
aggregate warrants previously issued in connection with the Initial Horizon
Credit Agreement were canceled, and Celsion issued Horizon new warrants
exercisable at a per share exercise price equal to $1.01 for a total of 247,525
shares of Celsion's common stock (the "New Warrants").
For a complete description of the terms and conditions of the Amendment and the
New Warrants, please refer to such agreements which are incorporated herein by
reference and attached to this report as Exhibits 10.1 and 4.1, respectively.
Item 9.01 Financial Statements and Exhibits.
Exhibit No. Exhibit Name
4.1 Form of Amended and Restated Warrant
10.1 First Amendment of Venture Loan and Security Agreement, dated as
of August 1, 2020, by and among Celsion Corporation, Horizon Funding
I, LLC, Horizon Funding Trust 2019-1, and Horizon Technology Finance
Corporation, as Collateral Agent.
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