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UNITED STATES
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)
November 14, 2023
ImmuCell Corporation |
(Exact name of registrant as specified in its charter) |
DE |
|
001-12934 |
|
01-0382980 |
(State or other jurisdiction
of incorporation) |
|
(Commission File Number) |
|
(IRS Employer
Identification No.) |
56 Evergreen Drive Portland, Maine |
|
04103 |
(Address of principal executive offices) |
|
(Zip Code) |
Registrant’s telephone number, including
area code 207-878-2770
|
(Former name or former address, 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:
☐ | 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)) |
Securities registered pursuant to Section 12(b)
of the Act:
Title of each class |
|
Trading symbol(s) |
|
Name of each exchange on which registered |
Common Stock, $0.10 par value per share |
|
ICCC |
|
Nasdaq |
Indicate by check mark whether the registrant is
an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities
Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 1.01. Entry into a Material Definitive Agreement
On November 14, 2023, ImmuCell Corporation (the “Company”)
entered a Third Amendment of Lease (the “Lease Amendment”), which Lease Amendment amends that certain Indenture of Lease,
dated September 12, 2019 (the “Lease Agreement”), by and between the Company and TVP, LLC (the “Landlord”) with
respect to certain property leased by the Company from the Landlord located at 175 Industrial Way in Portland, Maine (the “Leased
Premises”).
The Lease Amendment provides for certain tenant improvements on the
Leased Premises to be paid for by Landlord. These improvements will provide heat to an unfinished space, provide additional warehouse
space, and create a new primary shipping and receiving facility. In consideration for Landlord agreeing to pay for the cost of those certain
tenant improvements, the Company will make additional monthly rent payments of $20,000 through June 2024 and a one-time rent payment of
$488,743 in July 2024.
The forgoing description of the Lease Amendment is qualified in its
entirety by reference to the Lease Amendment, which is filed as Exhibit 10.1 hereto and incorporated herein by this reference.
Item 2.03. Creation of a Direct Financial Obligation or an Obligation
under an Off-Balance Sheet Arrangement of a Registrant
The information included in Item 1.01
of this Current Report on Form 8-K is incorporated into this Item 2.03 of this Current Report on Form 8-K by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
The following exhibit relating to Item 2.02 shall be deemed to be furnished,
and not filed:
SIGNATURE
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.
|
IMMUCELL CORPORATION |
|
|
|
Date: November 16, 2023 |
By: |
/s/ Michael F. Brigham |
|
|
Michael F. Brigham |
|
|
President, Chief Executive Officer and Principal Financial Officer |
Exhibit Index
3
EXHIBIT
10.1
THIRD
AMENDMENT OF LEASE
This
is a Third Amendment of Lease (this “Amendment”) is dated as of this 14th day of November, 2023, by and between TVP, LLC,
with a mailing address of P.O. Box 66749, Falmouth, Maine 04105 (hereinafter the “Landlord”), and ImmuCell Corporation with
a mailing address of 56 Evergreen Drive, Portland, Maine 04103 (hereinafter the “Tenant”).
WHEREAS,
the parties entered into an Indenture of Lease dated September 12, 2019, as amended by First Amendment of Lease dated June 15, 2020,
as further amended by a Second Amendment of Lease dated August 15, 2022, as further amended by a letter agreement dated April 6, 2023
(collectively, the “Original Lease”); and,
WHEREAS,
the parties now wish to amend the Original Lease to fund certain Tenant improvement to the Demised Premises;
NOW
THEREFORE, in consideration of the mutual covenants contained herein, and for other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the parties hereto agree that the Lease is hereby amended as follows:
1. Capitalized
terms not defined in this Amendment shall have the meaning ascribed to them in the Original Lease. The Original Lease, as amended by
this Amendment, is the “Lease”.
2. Tenant
has engaged Lajoie Brothers to make certain improvements to the Demised Premises as set forth on Exhibit A – Third Amendment attached
hereto. Additionally, Tenant is obligated to make certain upgrades to the electrical service at the Demised Premises which will be completed
by Landlord, also shown on Exhibit A – Third Amendment. All such work shown on Exhibit A – Third Amendment being the “Tenant
Improvements”.
3. Landlord
agrees to pay for the cost of all of the Tenant Improvements as and when the invoices for the same are due.
4. In
consideration of Landlord’s funding of the Tenant Improvements, Tenant shall pay to Landlord, as additional rent, the following
amounts on the following dates:
Payments for Tenant Improvements | |
Date | | |
Amount | |
November 15, 2023 | | |
$ | 20,000.00 | |
December 1, 2023 | | |
$ | 20,000.00 | |
January 1, 2024 | | |
$ | 20,000.00 | |
February 1, 2024 | | |
$ | 20,000.00 | |
March 1, 2024 | | |
$ | 20,000.00 | |
April 1, 2024 | | |
$ | 20,000.00 | |
May 1, 2024 | | |
$ | 20,000.00 | |
June 1, 2024 | | |
$ | 20,000.00 | |
July 1, 2024 | | |
$ | 488,743.00 | |
For
avoidance of doubt, the amounts set forth above are in addition to all other amounts due under the Lease.
5. Nothing
herein shall alter Landlord’s obligation to complete the Landlord’s Expansion Work at Landlord’s expense, including
those items set forth on Exhibit B – Third Amendment attached hereto.
In
all other respects, the terms and conditions of the Lease are hereby ratified and affirmed.
IN
WITNESS WHEREOF, the parties hereto have hereunto set their hands and seals on the day and year first above written.
|
|
|
LANDLORD: |
|
|
|
|
|
|
|
TVP, LLC |
|
|
|
|
|
Witness: |
/s/ Karen Twohig |
|
By |
/s/ Richard McGoldrick |
|
|
|
|
Richard McGoldrick, Manager |
|
|
|
TENANT: |
|
|
|
|
|
|
|
ImmuCell Corporation |
|
|
|
|
|
Witness: |
/s/ Jennifer Turkewitz |
|
By: |
/s/ Michael Brigham |
|
|
|
|
Michael Brigham, Duly Authorized |
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ImmuCell (NASDAQ:ICCC)
過去 株価チャート
から 4 2024 まで 5 2024
ImmuCell (NASDAQ:ICCC)
過去 株価チャート
から 5 2023 まで 5 2024