vsta8k_feb192016.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K/A
(Amendment No. 1)
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): February 19, 2016
Commission File Number: 000-54014
VistaGen Therapeutics, Inc.
(Exact name of small business issuer as specified in its charter)
Nevada
(State or other jurisdiction of incorporation or organization)
20-5093315
(IRS Employer Identification No.)
343 Allerton Avenue, South San Francisco, California 94080
(Address of principal executive offices)
(650) 577-3600
(Registrant's Telephone number)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
EXPLANATORY NOTE
On February 24, 2016, VistaGen Therapeutics, Inc. (the “Company”) filed a Current Report on Form 8-K (the “Original Form 8-K”) to disclose certain unregistered issuances of its common stock, par value $0.001 per share (“Common Stock”), and Series B Preferred Units. The Company also included a table in the Original 8-K that listed the number of shares of Common Stock and Common Stock equivalents outstanding following the completion of the transactions reported therein (the “Table”). This Amendment No. 1 to the Original 8-K is being filed to correctly state the number of shares of the Company’s Series C Convertible Preferred Stock outstanding in the Table. Except as stated in this Explanatory Note, no other information contained in the Original Form 8-K is revised, updated or changed.
Item 3.02 Unregistered Sales of Equity Securities.
On February 17, 2016, in a self-placed private placement transaction, VistaGen Therapeutics, Inc. (the “Company”) sold to an accredited investor Series B Preferred Units consisting of (i) an aggregate of 28,571 shares of the Company’s Series B 10% Convertible Preferred Stock and (ii) five-year warrants to purchase an aggregate of 28,571 shares of common stock, par value $0.001 per share (“Common Stock”) at an exercise price of $7.00 per share. The Company received cash proceeds of $200,000 from this sale of Series B Preferred Units, which proceeds will be used for general corporate purposes.
Between February 17, 2016 and February 19, 2016, the Company entered into Warrant Exchange Agreements (individually, the “Agreement” and collectively, the “Agreements”) with certain holders of outstanding warrants to purchase an aggregate of 173,648 shares of the Company’s Common Stock (the “Warrants”), pursuant to which the holders agreed to cancel the Warrants in exchange for an aggregate of 130,240 shares of unregistered Common Stock. A copy of the Agreement was attached to the Company’s Quarterly Report on Form 10-Q for the period ended December 31, 2015 as Exhibit 10.1.
The shares of Common Stock issued pursuant to the Agreements, and the Series B Preferred Units were offered and sold in transactions exempt from registration under the Securities Act in reliance on Section 4(2) and/or 3(a)(9) thereof and Rule 506 of Regulation D thereunder. Each recipient of securities represented that it was an “accredited investor” as defined in Regulation D, and that it is not subject to the “Bad Actor” disqualifications described in Rule 506(d).
Following the transactions disclosed above, as of February 19, 2016, the Company has the following Common Stock and Common Stock equivalents outstanding:
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Security Class
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Common
and Common Equivalent Shares Outstanding
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| Preferred Stock |
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Series A Convertible Preferred Stock; 500,000 shares issued and outstanding, convertible 1:1.5
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Series B 10% Convertible Preferred Stock; 3,622,220 shares issued and outstanding, convertible 1:1
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Series C Convertible Preferred Stock; 2,318,012 shares issued and outstanding, convertible 1:1
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Total Common and Common Equivalent Shares Outstanding
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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.
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VistaGen Therapeutics, Inc.
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Date: February 25, 2016
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By:
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/s/ Shawn K. Singh
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Shawn K. Singh
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Chief Executive Officer
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