Rezolute, Inc. Files 8-K with Material Agreement Details

TL;DR

Rezolute filed an 8-K on 6/13/24 for a material agreement - check it out.

AI Summary

On June 13, 2024, Rezolute, Inc. filed an 8-K report detailing a material definitive agreement. The filing also included Regulation FD disclosures and financial statements/exhibits. Rezolute, Inc. is incorporated in Nevada and its principal executive offices are located in Redwood City, California.

Why It Matters

This 8-K filing signals a significant development for Rezolute, Inc., potentially impacting its business operations and financial standing.

Risk Assessment

Risk Level: medium — Material definitive agreements can introduce new risks or opportunities that are not yet fully understood.

Key Players & Entities

• Rezolute, Inc. (company) — Registrant
• June 13, 2024 (date) — Date of earliest event reported
• Nevada (jurisdiction) — State of Incorporation
• 275 Shoreline Drive, Suite 500, Redwood City, CA 94065 (address) — Principal Executive Offices

FAQ

Key Financial Figures

• $0.001 — ch registered Common Stock, par value $0.001 per share RZLT Nasdaq Capital Market
• $4.00 — Stock"), at a public offering price of $4.00 per share, and (ii) pre-funded warrants
• $3.999 — of Common Stock at a public offering of $3.999 per Pre-Funded Warrant, which represent
• $56.0 million — yable by the Company were approximately $56.0 million. If the Option is exercised in full the
• $64.5 million — ds to the Company will be approximately $64.5 million. The Company intends to use the net pro
• $60 million — penses are expected to be approximately $60 million. The text of the press release is inclu

Filing Documents

• tm2416818d3_8k.htm (8-K) — 36KB
• tm2416818d3_ex1-1.htm (EX-1.1) — 240KB
• tm2416818d3_ex4-1.htm (EX-4.1) — 67KB
• tm2416818d3_ex5-1.htm (EX-5.1) — 15KB
• tm2416818d3_ex99-1.htm (EX-99.1) — 11KB
• tm2416818d3_ex5-1img001.jpg (GRAPHIC) — 6KB
• tm2416818d3_ex99-1img001.jpg (GRAPHIC) — 3KB
• 0001104659-24-071813.txt ( ) — 640KB
• rzlt-20240613.xsd (EX-101.SCH) — 3KB
• rzlt-20240613_lab.xml (EX-101.LAB) — 33KB
• rzlt-20240613_pre.xml (EX-101.PRE) — 22KB
• tm2416818d3_8k_htm.xml (XML) — 4KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. On June 13, 2024, Rezolute, Inc. (the "Company") entered into an underwriting agreement (the "Underwriting Agreement") with Jefferies LLC and Cantor Fitzgerald & Co., as representatives of the underwriters listed therein (the "Underwriters"), relating to the issuance and sale in an underwritten public offering (the "Public Offering") by the Company of (i) 11,250,000 shares (the "Shares") of the Company's common stock, par value $0.001 per share (the "Common Stock"), at a public offering price of $4.00 per share, and (ii) pre-funded warrants (the "Pre-Funded Warrants") to purchase up to 3,750,000 shares of Common Stock at a public offering of $3.999 per Pre-Funded Warrant, which represents the per share public offering price for the Shares less the $0.001 per share exercise price for each Pre-Funded Warrant. The Shares, Pre-Funded Warrants and the Option Shares (as defined below) in the Public Offering were offered pursuant to a registration statement on Form S-3 (File No. 333-275562), as amended (the "Registration Statement"), which was declared effective by the Securities and Exchange Commission (the "SEC") on November 29, 2023 under the Securities Act of 1933, as amended (the "Securities Act"). In addition, we have also granted the Underwriters an option for a period of 30 days to purchase an additional 2,250,000 shares of the Company's Common Stock (the "Option Shares") at a price of $4.00 per share (the "Option"). The net proceeds of the Public Offering to the Company, after deducting the underwriting discounts and commissions and offering expenses payable by the Company were approximately $56.0 million. If the Option is exercised in full the net proceeds to the Company will be approximately $64.5 million. The Company intends to use the net proceeds from the Public Offering to fund research and development and for working capital and general corporate purposes. The Underwriting Agreement contains custom

01

Item 7.01 Regulation FD Disclosure. On June 13, 2024, the Company issued issued a press release announcing the pricing of an underwritten public offering of 11,250,000 shares of its common stock at a public offering price of $4.00 per share and, to certain investors in lieu of common stock, pre-funded warrants to purchase up to 3,750,000 shares of its common stock at a public offering price of $3.999 per pre-funded warrant, which represents the per share public offering price for the common stock less the $.001 per share exercise price for each pre-funded warrant. Net proceeds from the underwritten public offering before deducting underwriting discounts and commissions, placement agent commissions and other offering expenses are expected to be approximately $60 million. The text of the press release is included as Exhibit 99.1 to this Form 8-K and is incorporated herein by reference. The information in Item 7.01 of this Current Report on Form 8-K, including the attached Exhibit 99.1 is being furnished pursuant to Item 7.01 and shall not be deemed to be "filed" for any purpose of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of such section, and shall not be deemed to be incorporated by reference into any of the Company's filings under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date hereof and regardless of any general incorporation language in such filings, except to the extent expressly set forth by specific reference in such a filing.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits (d) Exhibits. Exhibit Description 1.1 Underwriting Agreement, dated as of June 13, 2024, by and between the Company and Jefferies LLC and Cantor Fitzgerald & Co. 4.1 Form of Pre-Funded Warrant 5.1 Opinion of Dorsey & Whitney LLP 23.1 Consent of Dorsey & Whitney LLP (included in Exhibit 5.1) 99.1 Press Release announcing the pricing of the Registered Public Offering dated June 13, 2024 104 Cover Page Interactive Data File (formatted as inline XBRL)

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. REZOLUTE, INC. DATE: June 14, 2024 By: /s/ Nevan Charles Elam Nevan Charles Elam Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR