SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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|Item 8.01|| |
On January 4, 2021, ViewRay, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with Piper Sandler & Co., as representative of the several underwriters named therein (the “Underwriters”), with respect to the issuance and sale by the Company of 11,856,500 shares (the “Shares”) of the Company’s common stock, par value $0.01 per share (the “Common Stock”), which included the full exercise of the underwriters’ option to purchase additional shares, at a price to the public of $4.85 per share. The Shares were sold in an underwritten public offering (the “Offering”) pursuant to a registration statement on Form S-3 (File No. 333-229145) (the “Registration Statement”), which was declared effective on February 7, 2019, a related prospectus and prospectus supplement, in each case filed with the Securities and Exchange Commission (the “Commission”). The Company received net proceeds from the Offering of approximately $53.5 million, after deducting the underwriting discounts and commissions and estimated offering expenses.
The Underwriting Agreement contains customary representations, warranties and agreements by the Company. Additionally, the Company has agreed to indemnify the Underwriters against certain liabilities, including liabilities under the Securities Act of 1933, as amended, or to contribute to payments the Underwriters may be required to make due to any such liabilities.
The description of the Underwriting Agreement set forth above is qualified in its entirety by reference to the Underwriting Agreement, a copy of which is filed as Exhibit 1.1 hereto and is incorporated herein by reference.
The Company intends to use the net proceeds from the offering for general corporate purposes, including working capital, capital expenditures, continued research and development and commercial expenses.
A copy of the opinion of Gibson, Dunn & Crutcher LLP relating to the validity of the Shares is filed as Exhibit 5.1 hereto and is incorporated by reference into the Registration Statement.
|Item 9.01|| |
Financial Statements and Exhibits.
|1.1||Underwriting Agreement dated January 4, 2021 by and between the Company and Piper Sandler & Co., as representative of the several underwriters named therein|
|5.1||Opinion of Gibson, Dunn & Crutcher LLP|
|23.1||Consent of Gibson, Dunn & Crutcher LLP (included in Exhibit 5.1)|
|104||Cover Page Interactive Data File (embedded within the Inline XBRL document)|
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: January 7, 2021
|Name:||Robert S. McCormack|
Senior Vice President, General
Counsel and Corporate Secretary