SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Date of Report (Date of earliest event reported): April 16, 2004
HYBRIDON, INC.
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(Exact name of Registrant as Specified in its Charter)
Delaware 001-31918 04-3072298
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(State or Other Jurisdiction (Commission File Number) (IRS Employer Identification No.)
of Incorporation)
345 Vassar Street, Cambridge, Massachusetts 02139
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (617) 679-5500
Not Applicable
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(Former Name or Former Address if Changed Since Last Report)
ITEM 5. OTHER EVENTS AND REQUIRED FD DISCLOSURE
On April 16, 2004, Hybridon, Inc. ("Hybridon") announced that it had
entered into definitive agreements with institutional and other investors to
sell approximately 16.9 million shares of common stock and warrants to purchase
approximately 3.0 million shares of common stock for an aggregate purchase price
of approximately $11.8 million. The warrants to purchase common stock have an
exercise price of $1.14 per share and will be exercisable at any time on or
after October 21, 2004, and on or prior to April 20, 2009. Hybridon expects that
the net proceeds of the offering, excluding the proceeds, if any, from the
exercise of the warrants issued in the offering, will be approximately $10.8
million after deducting the placement agency fees and all estimated offering
expenses that are payable by Hybridon.
A copy of the press release announcing the offering is attached to this
Current Report on Form 8-K as Exhibit 99.1, and is incorporated herein by
reference.
This Current Report on Form 8-K does not constitute an offer to sell or
the solicitation of an offer to buy any securities of Hybridon and these
securities cannot be sold in any state in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the securities
laws of any such state.
ITEM 7: FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
99.1 Press Release, dated April 16, 2004.
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: April 16, 2004 HYBRIDON, INC.
/s/ Robert G. Andersen
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Robert G. Andersen
Chief Financial Officer and
Vice President of Operations
EXHIBIT INDEX
Exhibit No. Description
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99.1 Press Release, dated April 16, 2004.