Item 1.02. Termination of Material Definitive Agreement
Effective as of
Item 2.01. Completion of Acquisition or Disposition of Assets
As previously disclosed, pursuant to the Merger Agreement, Parent and Purchaser
commenced a tender offer to acquire all of the outstanding shares of common
stock of the Company, par value
The Offer expired at
On
Each of the Company's stock options (the "Options") that was outstanding as of immediately prior to the Effective Time was accelerated and became fully vested and exercisable and was cancelled and automatically converted into the right to receive cash, without interest, subject to any required withholding of taxes, in an amount equal to the product of (i) the total number of Shares underlying such fully vested Option multiplied by (ii) the excess, if any, of (x) the Offer Price over (y) the exercise price payable per Share for such Option.
Each of the Company's restricted stock unit awards (the "RSUs") that was outstanding as of immediately prior to the Effective Time, whether vested or unvested, was cancelled and automatically converted into the right to receive cash, without interest, subject to any required withholding of taxes, in an amount equal to (i) the total number of Shares issuable in settlement of such RSU multiplied by (ii) the Offer Price.
Each of the Company's performance stock unit awards (the "PSUs") that was outstanding as of immediately prior to the Effective Time, whether vested or unvested, was cancelled and automatically converted into the right to receive . . .
Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing
In connection with the consummation of the Merger, the Company (i) notified The
Nasdaq Global Select Market ("Nasdaq") of the consummation of the Merger and
(ii) requested that Nasdaq (A) suspend trading of, and delist, the Shares
effective before the opening of trading on
Item 3.03. Material Modification to Rights of Security Holders
The information contained in the Introductory Note and Items 2.01, 3.01 and 5.03 of this Current Report on Form 8-K is incorporated by reference into this Item 3.03.
Item 5.01. Changes in Control of Registrant
The information contained in the Introductory Note and Items 2.01, 5.02 and 5.03 of this Current Report on Form 8-K is incorporated by reference into this Item 5.01.
As a result of the consummation of the Offer and the Merger pursuant to Section
251(h) of the DGCL, on
Item 5.02. Departure of Certain Officers; Election of Directors; Appointment of
Certain Officers; Compensatory Arrangements of Certain Officers
In connection with the Merger, effective as of the Effective Time, each of
Pursuant to the terms of the Merger Agreement, at the Effective Time, the
directors of Purchaser as of immediately prior to the Effective Time, which
consisted of
Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal
Year
Pursuant to the terms of the Merger Agreement, at the Effective Time, the Company's certificate of incorporation and bylaws were amended and restated in their entirety, as set forth in Exhibits 3.1 and 3.2, respectively, to this Current Report on Form 8-K, and are incorporated herein by reference.
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Item 9.01. Financial Statements and Exhibits
(d) Exhibits. Exhibit Description 2.1* Agreement and Plan of Merger, dated as ofJune 2, 2022 , by and amongTurning Point Therapeutics, Inc. , Bristol-Myers Squibb Company and Rhumba Merger Sub Inc. (incorporated by reference to Exhibit 2.1 to the Current Report on Form 8-K filed by the Company onJune 3, 2022 ). 3.1 Amended and Restated Certificate of Incorporation ofTurning Point Therapeutics, Inc. (filed herewith) 3.2 Amended and Restated Bylaws ofTurning Point Therapeutics, Inc. (filed herewith) 104 Cover Page Interactive Date File (embedded within the Inline XBRL document)
* Schedules omitted pursuant to Item 601(b)(2) of Regulation S-K.
agrees to furnish supplementally a copy of any omitted schedule to the
request.
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