UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR
15(D) OF THE
SECURITIES EXCHANGE ACT OF
1934
May 8, 2014
(Date of Report date of earliest event reported)
RESEARCH FRONTIERS
INCORPORATED
(Exact name of registrant as
specified in charter)
Delaware
(State or other jurisdiction of incorporation or
organization)
1-9399 | 11-2103466 | |
(Commission File No.) | (IRS Employer Identification No.) |
240 CROSSWAYS PARK DRIVE
WOODBURY,
NEW YORK 11797-2033
(Address of principal
executive offices)
(516) 364-1902
(Registrants telephone number, including area
code)
(Former Name and Address)
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:
o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 1.01 Entry into a Material Definitive Agreement.
On May 8, 2014, Research Frontiers Incorporated (the Company) entered into a purchase agreement (the Purchase Agreement) with Craig-Hallum Capital Group LLC (the Underwriter), pursuant to which the Company agreed to sell, and the Underwriter agreed to purchase for resale to the public (the Offering), subject to the terms and conditions expressed therein, 750,000 shares of common stock, par value $0.0001 per share (the Shares). Each Share will be sold at a price to the public of $4.65. The Company expects the Offering to close on or about May 13, 2014, subject to the satisfaction of customary closing conditions.
The Purchase Agreement provides that the Company will indemnify the Underwriter against certain liabilities, including liabilities under the Securities Act of 1933, as amended, or to reimburse the Underwriter for payments that the Underwriter may be required to make because of such liabilities.
The Shares are being offered and sold pursuant to a prospectus supplement dated May 8, 2014 and an accompanying base prospectus dated December 26, 2012, pursuant to the Companys existing shelf registration statement on Form S-3 (File No. 333-184785) that was declared effective by the Securities and Exchange Commission on December 26, 2012. The opinion of the Companys counsel regarding the validity of the Shares to be issued by the Company is filed herewith as Exhibit 5.1.
The foregoing description of the Purchase Agreement is not complete and is qualified in its entirety by reference to the full text of the Purchase Agreement, a copy of which is filed as Exhibit 1.1 to this Current Report on Form 8-K and is incorporated by reference herein.
Item 8.01. Other Events.
On May 8, 2014, the Company issued a press release announcing the pricing of the Offering. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
1.1 | Purchase Agreement, dated as of May 8, 2014, by and between Research Frontiers Incorporated and Craig-Hallum Capital Group LLC. | ||
5.1 | Opinion of Duane Morris LLP | ||
23.1 | Consent of Duane Morris LLP (included as part of Exhibit 5.1). | ||
99.1 | Press Release dated May 8, 2014. | ||
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 8, 2014
RESEARCH FRONTIERS INCORPORATED | |
By: | /s/ Joseph M. Harary |
Joseph M. Harary | |
President and Chief Executive Officer |
EXHIBIT INDEX
Exhibit | ||
No. | Description | |
1.1 | Purchase Agreement, dated as of May 8, 2014, by and between Research Frontiers Incorporated and Craig-Hallum Capital Group LLC. | |
5.1 | Opinion of Duane Morris LLP. | |
23.1 | Consent of Duane Morris LLP (included as part of Exhibit 5.1). | |
99.1 | Press Release dated May 8, 2014. |