When issued, the Notes will be the Company's unsecured and unsubordinated obligations and will rank senior in right of payment to all of the Company's indebtedness that is expressly subordinated in right of payment to the Notes; rank equal in right of payment to any of the Company's unsecured liabilities that are not so subordinated; be effectively subordinated to any of the Company's future secured indebtedness to the extent of the value of the assets securing such indebtedness; and rank structurally junior to all future indebtedness and liabilities of the Company's subsidiaries.
The Notes will bear interest at a rate of 8.00% per annum, payable in cash semi-annually in arrears on
The Company estimates that the net proceeds from this offering will be approximately
Neither the Notes nor the common stock that may be issued upon conversion thereof will be registered under the Securities Act or any state securities laws. Neither the Notes nor the common stock that may be issued upon conversion thereof may be offered or sold in
This press release shall not constitute an offer to sell, or a solicitation of an offer to buy, any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful.
TetraLogic is a clinical-stage biopharmaceutical company focused on discovering and developing novel small molecule therapeutics in oncology and infectious diseases. TetraLogic has two clinical-stage product candidates in development: birinapant and SHAPE. Birinapant is currently being tested in Phase 1 and Phase 2 clinical trials for hematological malignancies and solid tumors. SHAPE is entering Phase 2 trials for early-stage Cutaneous T-Cell Lymphoma.
Forward Looking Statements
Some of the statements in this release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties. These statements relate to future events or TetraLogic's pre-clinical and clinical development of birinapant, SHAPE and other clinical programs, future expectations, plans and prospects. Although TetraLogic believes that the expectations reflected in such forward-looking statements are reasonable as of the date made, expectations may prove to have been materially different from the results expressed or implied by such forward-looking statements. TetraLogic has attempted to identify forward-looking statements by terminology including ''believes,'' ''estimates,'' ''anticipates,'' ''expects,'' ''plans,'' ''projects,'' ''intends,'' ''potential,'' ''may,'' ''could,'' ''might,'' ''will,'' ''should,'' ''approximately'' or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors, including those discussed under the heading "Risk Factors" in our Annual Report on Form 10-K filed with the
CONTACT: Company Contact:
Pete A. MeyersChief Financial Officer and Treasurer TetraLogic Pharmaceuticals Corporation(610) 889-9900, x103 email@example.com Investor Relations Contact: Ami Bavishi Burns McClellan, Inc.(212) 213-0006 firstname.lastname@example.org