UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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) August 13, 2003
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SIGA Technologies, Inc.
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(Exact Name of Registrant as Specified in Charter)
Delaware 0-23047 13-3864870
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(State or other Jurisdiction (Commission File (I.R.S. Employer
of Number) Identification Number)
Incorporation or Organization)
420 Lexington Avenue, Suite 601
New York, New York 10170
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(Address of Principal Executive Offices)
(Zip Code)
(212) 672-9100
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(Registrant's telephone number, including area code)
ITEM 5. Other Events and Required FD Disclosure.
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On August 13, 2003 (the "Effective Date"), SIGA Technologies, Inc.,
a Delaware corporation ("SIGA"), entered into a definitive purchase agreement
(the "Agreement") with MacAndrews & Forbes Holdings Inc., a Delaware corporation
("MacAndrews & Forbes"), pursuant to which MacAndrews & Forbes invested
$1,000,000 in SIGA in exchange for an aggregate of 694,444 shares of common
stock, par value $.0001 per share, of SIGA ("Common Stock") at a price of $1.44
per share and warrants to purchase an additional 347,222 shares of Common Stock
at an exercise price of $2.00 per share. Pursuant to the Agreement, MacAndrews &
Forbes was also granted an option, exercisable through October 13, 2003, and, if
required, subject to shareholder approval, to make additional investments in
SIGA of up to $9,000,000 in exchange for up to an additional 6,250,000 shares of
Common Stock and warrants to purchase up to an additional 3,125,000 shares of
Common Stock on the same terms. SIGA has agreed to register the shares of Common
Stock and the shares of Common Stock underlying the warrants, issued to
MacAndrews & Forbes, under the Securities Act of 1933, as amended (the
"Securities Act"), in accordance with the terms of a registration rights
agreement, dated as of the Effective Date, between SIGA and MacAndrews & Forbes.
SIGA anticipates using funds from these investments for research and
development, the pursuit of growth opportunities and general corporate purposes.
The description of the transactions contemplated by the Agreement
set forth herein does not purport to be complete and is qualified in its
entirety by reference to the full text of each of the exhibits filed herewith
and incorporated by this reference.
ITEM 7. Financial Statements and Exhibits
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(c) Exhibits
Exhibit No. Description
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4(k) Form of Warrant, dated as of August 13, 2003, between
SIGA Technologies, Inc. and MacAndrews & Forbes Holdings
Inc.
4(l) Registration Rights Agreement, dated as of August 13,
2003, between SIGA Technologies, Inc. and MacAndrews &
Forbes Holdings Inc.
10(fff) Securities Purchase Agreement, dated as of August 13,
2003, between SIGA Technologies, Inc. and MacAndrews &
Forbes Holdings Inc.
99.1 Press Release dated August 14, 2003.
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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 hereunto duly authorized.
SIGA TECHNOLOGIES, INC.
By: /s/ Thomas N. Konatich
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Thomas N. Konatich
Acting Chief Executive Officer and
Chief Financial Officer
Date: August 18, 2003
EXHIBIT INDEX
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Exhibit Number Description
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4(k) Form of Warrant, dated as of August 13, 2003, between
SIGA Technologies, Inc. and MacAndrews & Forbes Holdings
Inc.
4(l) Registration Rights Agreement, dated as of August 13,
2003, between SIGA Technologies, Inc. and MacAndrews &
Forbes Holdings Inc.
10(fff) Securities Purchase Agreement, dated as of August 13,
2003, between SIGA Technologies, Inc. and MacAndrews &
Forbes Holdings Inc.
99.1 Press Release dated August 14, 2003.