Alpha Teknova Files 8-K on Material Agreement & Equity Sales

TL;DR

Teknova signed a big deal and sold some stock, check the 8-K for details.

AI Summary

On July 11, 2024, Alpha Teknova, Inc. entered into a Material Definitive Agreement, the specifics of which are detailed in the filing. The company also reported on Unregistered Sales of Equity Securities and other events. This filing provides updates on significant corporate actions and financial activities.

Why It Matters

This filing signals significant corporate activity for Alpha Teknova, potentially impacting its financial structure and future operations.

Risk Assessment

Risk Level: medium — The filing details a material definitive agreement and unregistered sales of equity, which can introduce financial and operational risks.

Key Players & Entities

• Alpha Teknova, Inc. (company) — Registrant
• July 11, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.00001 — ch registered Common Stock, par value $0.00001 per share TKNO The Nasdaq Stock Mar
• $1.24 — Common Stock"), at an offering price of $1.24 per Share. The Company's controlling
• $15.4 million — gregate gross proceeds of approximately $15.4 million from the Offering, before deducting off

Filing Documents

• tkno-20240711.htm (8-K) — 53KB
• tkno-ex10_1.htm (EX-10.1) — 241KB
• tkno-ex10_2.htm (EX-10.2) — 122KB
• tkno-ex99_1.htm (EX-99.1) — 14KB
• tkno-ex99_2.htm (EX-99.2) — 13KB
• 0000950170-24-083216.txt ( ) — 643KB
• tkno-20240711.xsd (EX-101.SCH) — 31KB
• tkno-20240711_htm.xml (XML) — 5KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. On July 11, 2024, Alpha Teknova, Inc. (the "Company") entered into a securities purchase agreement (the "Purchase Agreement") and a registration rights agreement (the "Registration Rights Agreement") in connection with a private placement (the "Offering") with certain accredited investors. Pursuant to the Purchase Agreement, the Company agreed to offer and sell in the Offering 12,385,883 shares (the "Shares") of the Company's common stock, $0.00001 par value per share (the "Common Stock"), at an offering price of $1.24 per Share. The Company's controlling stockholder, Telegraph Hill Partners Management Company LLC, through its affiliates Telegraph Hill Partners V, L.P. and THP V Affiliates Fund LLC, its President and Chief Executive Officer and a member of its board of directors, Stephen Gunstream, and its Chief Financial Officer, Matthew Lowell, participated in the Offering and purchased an aggregate of 12,217,740 Shares. The Company received aggregate gross proceeds of approximately $15.4 million from the Offering, before deducting offering expenses payable by the Company. Pursuant to the terms of the Registration Rights Agreement, the Company has agreed to file a registration statement with the Securities and Exchange Commission (the "SEC") on or before August 26, 2024 to register for resale the Shares. The Company shall use its commercially reasonable efforts to cause the registration statement covering the aforementioned securities to be declared effective as promptly as possible after the filing thereof, but in any event no later than the 90th calendar day following the date of the Registration Rights Agreement (or in the event of a full review by the SEC, the 120th calendar day following the date of the Registration Rights Agreement). Failure by the Company to meet the filing deadlines and other requirements set forth in the Registration Rights Agreement may subject the Company to certain liquid

02. Unregistered Sales of Equity Securities

Item 3.02. Unregistered Sales of Equity Securities. The disclosures in Item 1.01 of this Current Report regarding the Shares are incorporated by reference into this Item 3.02.

01. Other Events

Item 8.01. Other Events. On July 11, 2024, the Company issued a press release announcing the pricing of the Offering. On July 12, 2024, the Company issued a press release announcing the closing of the Offering. Copies of the press releases are filed herewith as Exhibit 99.1 and Exhibit 99.2, respectively, to this Current Report.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1* Form of Securities Purchase Agreement, dated July 11, 2024. 10.2* Form of Registration Rights Agreement, dated July 11, 2024. 99.1 Press Release, dated July 11, 2024. 99.2 Press Release, dated July 12, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) * Non-material schedules (or similar attachments) have been omitted pursuant to Item 601(a)(5) of Regulation S-K. The Company hereby undertakes to furnish supplemental copies of any of the omitted schedules (or similar attachments) upon request by the SEC. SIGNATURE 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. ALPHA TEKNOVA, INC. Date: July 12, 2024 By: /s/ Stephen Gunstream Stephen Gunstream President and Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR