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): January 30, 2013
(Exact name of registrant as specified in its charter)
(Commission File Number)
3929 Westpoint Blvd., Suite G
Winston-Salem, NC 27103
(Address of principal executive offices, with zip code)
(Registrant’s telephone number, including area code)
(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):
Item 1.01 Entry into a Material Definitive Agreement
Consent and Amendment Agreement
On January 30, 2013, Tengion, Inc. (the “Company”) entered into a Second Consent and Amendment Agreement (the “Second Amendment”) with investors (the “Investors”) in the Company’s private placement completed on October 2, 2012 (the “October 2012 Financing”). Pursuant to the Second Amendment, the Investors agreed to extend the interest payments which were due on February 1, 2013 under the Consent and Amendment Agreement entered into by the Company and the Investors on December 31, 2012 (the “First Amendment”) relating to the convertible notes issued in the October 2012 Financing to February 15, 2013. The aggregate amount of the interest payments is $500,576.76, which amount will continue to accrue interest at the rate of ten percent (10%) per annum.
Additionally, the Second Amendment amends the registration rights agreement between the Company and the Investors entered into in connection with the October 2012 Financing, as amended by the First Amendment, to extend the deadline to register the shares underlying the convertible notes and warrants issued in the October 2012 Financing from January 30, 2013 to March 1, 2013, a date that is 150 days following the issuance of the convertible notes and warrants.
The foregoing description of the Second Amendment is qualified in its entirety by reference thereto, filed as Exhibit 10.1 to this current report on Form 8-K, and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
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.