NeurogesX Inc (fka NGSX)

[bob smith]

Form 8-K for NEUROGESX INC


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6-Feb-2012

Entry into a Material Definitive Agreement, Unregistered Sale of Equity Securities,



Item 1.01. Entry into a Material Definitive Agreement.
The information set forth in Item 3.02 of this Current Report on Form 8-K that relates to the entry into material definitive agreements is incorporated by reference into this Item 1.01.





Item 3.02. Unregistered Sales of Equity Securities.
On February 3, 2012, NeurogesX, Inc. (the "Company") completed a private placement of its common stock under a Securities Purchase Agreement (the "Agreement"), dated as of January 31, 2012, by and among the Company and the Purchasers (as defined therein), pursuant to which the Company issued shares of common stock for an aggregate purchase price of $2,999,381.85, at a per share price of $1.01. The price of each share of common stock is based on the January 31, 2012 consolidated closing bid price of the Company's common stock on the NASDAQ Global Market of $1.01 per share. The total number of shares of common stock issued in connection with the transaction is 2,969,685. Bradford Goodwin, a member of the Board of Directors of the Company, was one of the Purchasers in the transaction.

The securities issued in the offering were sold pursuant to the exemption provided by Section 4(2) of the Securities Act of 1933, as amended, and by Regulation D promulgated thereunder. Pursuant to the Registration Rights Agreement entered into in connection with the Agreement, the Company agreed to file a registration statement covering the resale of the common stock no later than 60 calendar days from the closing date, and to seek to have such registration statement declared effective within a 120, 150 or 180 calendar day period from closing, with such period determined depending on certain conditions, or if the Company is notified by the Securities and Exchange Commission that the registration statement will not be reviewed or is no longer subject to further comment, the fifth trading day from the date that the Company is so notified by the Securities and Exchange Commission.

The foregoing is not a complete summary of the terms of the offering, Agreement, or Registration Rights Agreement described in this Item 3.02, and reference is made to the complete text of the form of Agreement and the form of Registration Rights Agreement attached hereto as Exhibits 10.1 and 4.1, respectively, which are incorporated by reference into this Item 3.02.





Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.

The following Exhibits are filed as part of this Current Report on Form 8-K:

Exhibit
No. Description

4.1 Form of Registration Rights Agreement, dated as of January 31, 2012.

10.1 Form of Securities Purchase Agreement, dated as of January 31, 2012.





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