UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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): November 14, 2003
ARADIGM CORPORATION
California
(State or other jurisdiction of incorporation)
| 0-28402 | 94-3133088 | |
| (Commission File No.) | (IRS Employer Identification No.) |
3929 Point Eden Way
Hayward, California 94545
(Address of principal executive offices and zip code)
Registrant’s telephone number, including area code: (510) 265-9000
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
| Item 5. Other Events | ||||||||
| Item 7. Exhibits. | ||||||||
| SIGNATURES | ||||||||
| INDEX TO EXHIBITS | ||||||||
| Exhibit 4.1 | ||||||||
INFORMATION TO BE INCLUDED IN THE REPORT
Item 5. Other Events
As of November 14, 2003, Aradigm Corporation (the “Company”) entered into a Securities Purchase Agreement filed herewith as Exhibit 4.1 (the “Agreement”) with the purchaser named therein (the “Purchaser”). Pursuant to the Agreement, the Company agreed to issue and sell to the Purchaser, and the Purchaser agreed to purchase from the Company, 277,777 shares (the “Shares”) of the Company’s Common Stock (the “Common Stock”) and warrants to purchase 69,444 shares of Common Stock at $2.50 per share (the “Warrants”), for an aggregate purchase price of $499,998.60 in a private placement (the “Financing”). The Financing was effected on terms substantially similar to the terms contained in that certain Securities Purchase Agreement dated as of November 7, 2003 (the “Initial Agreement”), filed as Exhibit 4.1 to the Company’s Current Report on 8-K dated November 7, 2003.
The Financing closed on November 17, 2003 (the “Closing Date”). Under the terms of the Initial Agreement, the Company agreed that, within 30 days of November 10, 2003, (the Closing Date under the Initial Agreement), it will use its best efforts to prepare and file with the SEC a registration statement, which statement will cover the resale of the Shares and the shares of Common Stock issuable upon exercise of the Warrants.
Item 7. Exhibits.
| Exhibit | ||
| Number | Description | |
| 4.1 | Securities Purchase Agreement, dated as of November 14, 2003, by and between the Company and the purchaser named therein. |
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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, thereunto duly authorized.
| ARADIGM CORPORATION | ||||
| Dated: November 18, 2003 | By: | /S/ THOMAS C. CHESTERMAN | ||
| Thomas C. Chesterman | ||||
| Title: | Senior Vice President and Chief Financial Officer
(Principal Financial Officer) |
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INDEX TO EXHIBITS
| Exhibit | ||
| Number | Description | |
| 4.1 | Securities Purchase Agreement, dated as of November 14, 2003, by and between the Company and the purchaser named therein. |
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