SenesTech Files Material Definitive Agreement 8-K
Ticker: SNES · Form: 8-K · Filed: Jun 20, 2024 · CIK: 1680378
| Field | Detail |
|---|---|
| Company | Senestech, Inc. (SNES) |
| Form Type | 8-K |
| Filed Date | Jun 20, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.001, $1,575,944 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, filing
TL;DR
SenesTech signed a big deal, details TBD.
AI Summary
On June 20, 2024, SenesTech, Inc. filed an 8-K report detailing a material definitive agreement. The filing does not disclose specific details of the agreement, the counterparty, or any associated financial figures.
Why It Matters
This filing indicates a significant new contract or partnership for SenesTech, Inc., which could impact its future business operations and financial performance.
Risk Assessment
Risk Level: medium — The lack of specific details in the 8-K filing creates uncertainty about the nature and impact of the material definitive agreement.
Key Players & Entities
- SenesTech, Inc. (company) — Registrant
- June 20, 2024 (date) — Date of earliest event reported
FAQ
What is the nature of the material definitive agreement filed by SenesTech, Inc.?
The filing does not specify the nature of the material definitive agreement.
Who is the counterparty to the material definitive agreement?
The filing does not disclose the name of the counterparty to the agreement.
Are there any financial terms or dollar amounts associated with this agreement?
The filing does not provide any financial terms or dollar amounts related to the agreement.
When was the material definitive agreement entered into?
The earliest event reported in the filing is June 20, 2024, which is the date of the report and likely the date the agreement was entered into or became effective.
What is the purpose of filing this 8-K report?
The purpose of filing this 8-K report is to disclose the entry into a material definitive agreement by SenesTech, Inc., as required by SEC regulations.
Filing Stats: 1,217 words · 5 min read · ~4 pages · Grade level 12.2 · Accepted 2024-06-20 16:01:28
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 par value SNES The Nasdaq Stock Mar
- $1,575,944 — t for aggregate gross proceeds of up to $1,575,944. The offer and sale of the Shares will
Filing Documents
- ea0208022-8k_senestech.htm (8-K) — 36KB
- ea020802201ex1-1_senestech.htm (EX-1.1) — 219KB
- ea020802201ex5-1_senestech.htm (EX-5.1) — 13KB
- ex5-1_001.jpg (GRAPHIC) — 3KB
- 0001213900-24-054269.txt ( ) — 504KB
- snes-20240620.xsd (EX-101.SCH) — 3KB
- snes-20240620_lab.xml (EX-101.LAB) — 33KB
- snes-20240620_pre.xml (EX-101.PRE) — 22KB
- ea0208022-8k_senestech_htm.xml (XML) — 4KB
01. Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement. On June 20, 2024, we entered into an At The Market Offering Agreement (the "Sales Agreement") with H.C. Wainwright & Co., LLC ("Wainwright"), as sales agent, pursuant to which we may offer and sell, from time to time at our sole discretion, in transactions that are deemed to be "at the market" offerings as defined in Rule 415 under the Securities Act of 1933, as amended (the "Securities Act"), shares of our common stock, par value $0.001 per share (the "Shares"), through or to Wainwright for aggregate gross proceeds of up to $1,575,944. The offer and sale of the Shares will be made pursuant to a previously filed shelf registration statement on Form S-3 (Registration No. 333-261227), originally filed with the Securities and Exchange Commission (the "SEC") on November 19, 2021 and amended on May 4, 2022, and declared effective by the SEC on May 6, 2022, and the related prospectus supplement related to the offering of the Shares dated June 20, 2024, and filed with the SEC on such date pursuant to Rule 424(b) under the Securities Act. Pursuant to the Sales Agreement, Wainwright may sell the Shares by any method permitted by law deemed to be an "at-the-market offering" as defined in Rule 415 promulgated under the Securities Act, including, without limitation, sales made directly on or through the Nasdaq Capital Market ("Nasdaq"), or any other existing trading market in the United States for our Shares, in privately negotiated transaction with our consent, and if so provided in the "Plan of Distribution" section of the prospectus supplement or a supplement thereto or in a new prospectus supplement disclosing the terms of such privately negotiated transaction. We are not obligated to make any sales of Shares under the Sales Agreement and Wainwright is not required to sell any number or dollar amount of the Shares but will use commercially reasonable efforts consistent with its normal trading and sales practices and
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 1.1 At The Market Offering Agreement, dated as of June 20, 2024, by and between SenesTech, Inc. and H.C. Wainwright & Co., LLC 5.1 Opinion of Greenberg Traurig, LLP 23.1 Consent of Greenberg Traurig, LLP (included in Exhibit 5.1) 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 1
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. Date: June 20, 2024 SENESTECH, INC. By: /s/ Thomas C. Chesterman Thomas C. Chesterman Executive Vice President, Chief Financial Officer, Treasurer and Secretary 2