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): February 28, 2005
Neurologix, Inc.
(Exact name of registrant as specified in its charter)
DELAWARE 0-13347 06-1582875
-------------------------------------------------------------------------------
(State or other jurisdiction of (Commission I.R.S. Employer
incorporation or organization) File Number) Identification No.)
ONE BRIDGE PLAZA, FORT LEE, NEW JERSEY 07024
-------------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
(201) 592-6451
-------------------------------------------------------------
(Registrant's telephone number, including area code)
None
----------------------------------------------------------------
(Former name, former address and former fiscal year,
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):
[ ] 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 1.01 Entry into a Material Definitive Agreement
Neurologix, Inc. (the "Company") has entered into certain amendments
to the Stock Purchase Agreement, dated as of February 4, 2005 (the "Stock
Purchase Agreement"), by and among the Company, Merlin Biomed Long Term
Appreciation Fund LP, a Delaware limited partnership (the "Appreciation
Fund"), and Merlin Biomed Offshore Master Fund LP, a Cayman Islands limited
partnership (the "Master Fund"). Such amendments are substantially in the form
of the amendment attached as Exhibit 10.1 to the Company's Current Report on
Form 8-K filed on February 25, 2005 (the "February 25 8-K"), which is
incorporated herein by reference. Pursuant to the terms of the Stock Purchase
Agreement, as amended by the amendments, between February 28 and March 3,
2005, the Company issued and sold to certain private investors an approximate
total of 538,846 shares of common stock, par value $0.001 per share (the
"Common Stock"), and warrants to purchase 134,710 shares of Common Stock for
total consideration of about $700,500. Such investors also became party to the
Registration Rights Agreement, dated as of February 4, 2005, by and among the
Company and the Appreciation Fund and Master Fund.
The Stock Purchase Agreement, form of warrant and Registration Rights
Agreement attached as Exhibits 10.1, 10.2, and 10.3, respectively, to the
Current Report on Form 8-K filed by the Company on February 10, 2005 (the
"February 10 8-K") and the summary thereof set forth in Item 1.01 of the
February 10 8-K are incorporated by reference herein.
Item 3.02 Unregistered Sales of Equity Securities.
As disclosed under Item 1.01 hereof and Item 1.01 of the February 25
8-K, between February 18 and March 3, 2005, the Company issued and sold
approximately 1,331,152 shares of Common Stock and 332,780 Warrants to
certain private investors. The aggregate consideration received by the Company
in connection with these transactions was about $1,730,500. No underwriting
discounts or commissions were paid by the Company in connection with these
transactions. The transactions were exempt from registration under Section
4(2) of the Securities Act of 1933, as amended, and Section 506 of Regulation
D promulgated thereunder. The Company relied upon the representations made by
the purchasers pursuant to the Stock Purchase Agreement, as amended, in
determining that such exemptions were available.
The description of the warrants set forth in Item 1.01 of the
February 10 8-K is incorporated by reference herein.
Item 7.01 Regulation FD Disclosure
A copy of the press release announcing the transactions described in
Section 1.01 hereof is attached hereto as Exhibit 99.1 and is being furnished
pursuant to Regulation FD and is incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits
See exhibit index below.
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.
NEUROLOGIX, INC.
Date: March 3, 2005 By: /s/ Mark S. Hoffman
-----------------------------
Name: Mark S. Hoffman
Title: Secretary and Treasurer
Exhibit Index
-------------
Number Title
------ -----
99.1 Press release, dated March 3, 2005