SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) March 30, 2018
(Exact name of registrant as specified in its charter)
(State or other jurisdiction
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Item 1.01. Entry into a Material Definitive Agreement
On December 6, 2017, XOMA Corporation (the Company, XOMA or we), through its wholly-owned subsidiary, XOMA (US) LLC, entered into a license agreement (License Agreement ) with Rezolute, Inc. (Rezolute, formerly known as AntriaBio, Inc.) pursuant to which we granted an exclusive global license to Rezolute to develop and commercialize XOMA 358 (X358) for all indications. The Company and Rezolute also entered into a common stock purchase agreement (the Purchase Agreement and, together with the License Agreement, the Transaction Documents).
On March 30, 2018, the Company amended the License Agreement and the Purchase Agreement originally entered into with Rezolute in December 2017. The License Agreement was amended to add terms specifying the financial responsibility for certain tasks related to the technology transfer. The Purchase Agreement was amended as follows: (1) adjusted the total shares due upon the Initial Closing (as defined in the Purchase Agreement) from $5 million in value to 7,000,000 shares; (2) increase the shares due upon a Qualified Financing (as defined in the Purchase Agreement) from $7 million in value to $8.5 million in value; and (3) increase the shares due upon the 2019 Closing (as defined in the Purchase Agreement) from $7 million in value to $8.5 million in value. We anticipate the filing the amendments to the License Agreement and Purchase Agreement with our next Quarterly Report filing on Form 10-Q for the three month period ended March 31, 2018.
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: April 5, 2018||/s/ Thomas Burns|
Senior Vice President, Finance and Chief Financial