Azitra, Inc. Files 8-K: Material Definitive Agreement

TL;DR

Azitra just signed a big deal, filing an 8-K. Details TBD.

AI Summary

On July 23, 2024, Azitra, Inc. entered into a Material Definitive Agreement. The company also reported other events and filed financial statements and exhibits. The exact nature of the agreement and the financial details were not disclosed in this filing.

Why It Matters

This filing indicates a significant new agreement for Azitra, Inc., which could impact its future operations and financial performance.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement, but the lack of specific details introduces uncertainty about the potential impact.

Key Players & Entities

• Azitra, Inc. (company) — Registrant
• July 23, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.0001 — ch registered Common Stock: Par value $0.0001 AZTR NYSE American Indicate by ch
• $1.50 — e and accompanying Class A Warrants was $1.50. The Class A Warrants have an initial
• $0.32 — vent shall the Reset Price be less than $0.32 (subject to adjustment for reverse and
• $100,000 — r certain expenses and legal fees up to $100,000. The Company also issued warrants to de
• $1.875 — arrants have an exercise price equal to $1.875 per share (125% of the $1.50 offering p
• $8.95 million — received net proceeds of approximately $8.95 million from the Offering, after deducting Offe

Filing Documents

• form8-k.htm (8-K) — 51KB
• ex1-1.htm (EX-1.1) — 142KB
• ex4-1.htm (EX-4.1) — 132KB
• ex4-2.htm (EX-4.2) — 116KB
• ex4-3.htm (EX-4.3) — 366KB
• ex10-1.htm (EX-10.1) — 241KB
• ex99-1.htm (EX-99.1) — 11KB
• ex99-2.htm (EX-99.2) — 10KB
• ex1-1_001.jpg (GRAPHIC) — 4KB
• 0001493152-24-029228.txt ( ) — 1469KB
• aztr-20240723.xsd (EX-101.SCH) — 3KB
• aztr-20240723_lab.xml (EX-101.LAB) — 33KB
• aztr-20240723_pre.xml (EX-101.PRE) — 22KB
• form8-k_htm.xml (XML) — 4KB

01 of this Current Report on Form 8-K is incorporated by reference into this Item 1.01

Item 8.01 of this Current Report on Form 8-K is incorporated by reference into this Item 1.01. Item 8.01 Other Events. On July 25, 2024, Azitra, Inc., a Delaware corporation (the "Company"), completed a public offering (the "Offering") of (i) 6,665,000 shares (the "Common Shares") of its common stock, par value $0.0001 per share (the "Common Stock"); and (ii) Class A Warrants (the "Class A Warrants") exercisable for an aggregate of 13,330,000 shares of Common Stock (the "Class A Warrant Shares") issued pursuant to a securities purchase agreement, dated July 23, 2024 (the "Securities Purchase Agreement"), between the Company and certain institutional investors named therein and a Placement Agency Agreement dated July 23, 2024 (the "Agency Agreement") between the Company and Maxim Group LLC, as placement agent. The offering price of each Common Share and accompanying Class A Warrants was $1.50. The Class A Warrants have an initial exercise price of $1.50 per share of Common Stock, however on the date that is 30 calendar days immediately following the date of issuance of the Class A Warrants, or August 24, 2024 (the "Reset Date"), if the Reset Price, as defined below, is less than the exercise price at such time, the exercise price will be decreased to the Reset Price. "Reset Price" shall mean 100% of the trailing five-day VWAP immediately preceding the Reset Date, provided, that in no event shall the Reset Price be less than $0.32 (subject to adjustment for reverse and forward stock splits, recapitalizations and similar transactions), which represents 20% of the most recent closing price for the Common Stock at the time of execution of the Agency Agreement. The number of shares of Common Stock issuable upon exercise of the Class A Warrants will not be proportionately adjusted in the event of a reset of the exercise price. The Class A Warrants are exercisable upon issuance and expire five years from the date of issuance. The Class A Warrants contain ownership

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. AZITRA, INC. Dated: July 25, 2024 /s/ Francisco D. Salva Francisco D. Salva Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR