UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON
D.C. 20549
_______________________
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES
EXCHANGE ACT OF 1934
Date of
Report (Date of earliest event reported): May 5, 2010 (April 29,
2010)
ADVAXIS,
INC.
(Exact
name of registrant as specified in its charter)
Delaware
(State or
other jurisdiction of incorporation)
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00028489
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02-0563870
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(Commission
File Number)
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(IRS
Employer Identification Number)
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Technology
Centre of New Jersey
675
US Highway One
North
Brunswick, N.J. 08902
(Address
of principal executive offices)
Registrant’s
telephone number, including area code: (732) 545-1590
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:
¨ 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))
Item
8.01 Other Events.
On April
29, 2010, Advaxis, Inc. (the “Company”) agreed with its Chief Executive Officer,
Thomas A. Moore, to make a payment of $200,000 due to Mr. Moore under certain of
the Company’s senior promissory notes held by Mr. Moore (the “Moore Notes”) in
the form of 1,176,471 shares of the Company’s common stock, par value $0.001 per
share (the “Common Stock”) based on a price of $0.17 per
share. Approximately $650,000 remain outstanding under the Moore
Notes.
As of
April 30, 2010, the Company agreed with certain of the holders of the
Company’s junior unsecured convertible promissory notes (the “Junior Bridge
Notes”) to make payments of approximately $1.96 million aggregate principal
amount due to such holders under certain of the Junior Bridge Notes in
the form of 11,557,093 shares of Common Stock based on a price of $0.17 per
share.
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.
| Dated: May
5, 2010 |
Advaxis, Inc. |
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By:
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/s/ Mark
J. Rosenblum |
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Mark
J. Rosenblum, Chief Financial Officer and Secretary |
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