- Current report filing (8-K)
06 March 2010 - 12:15AM
Edgar (US Regulatory)
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):
March 4,
2010
Senesco Technologies,
Inc.
(Exact
Name of Registrant as Specified in Charter)
Delaware
|
001-31326
|
84-1368850
|
(State
or Other Jurisdiction
of
Incorporation)
|
(Commission
File Number)
|
(IRS
Employer Identification No.)
|
303
George Street, Suite 420, New Brunswick, New
Jersey
|
08901
|
(Address
of Principal Executive Offices)
|
(Zip
Code)
|
(732)
296-8400
|
(Registrant's
telephone number,
including
area code)
|
|
Not
applicable
(Former
Name or Former Address, if Changed Since Last Report)
|
|
Check the
appropriate box below if the Form 8-K is intended to simultaneously satisfy
the filing obligation of the registrant under any of the following
provisions:
o
Written communications
pursuant to Rule 425 under the Securities Act
(17 CFR 230.425).
o
Soliciting material
pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12).
o
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR 240.14d-2(b)).
o
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
On March 4, 2010, the insiders of
Senesco Technologies, Inc. (the “Company” or “Senesco”) who had previously
purchased all of the convertible debentures, warrants and common stock of
Senesco which were previously held by Stanford Venture Capital Holdings, Inc.,
notified the Company that they have elected, subject to stockholder approval, to
convert their convertible debentures at a conversion price of
$0.83. Under the terms of the convertible debentures, such
convertible debentures could have converted at a floating conversion rate equal
to the lower of $0.83, or 80 percent of the lowest daily Volume-Weighted Average
Price (VWAP) for the five-day period immediately preceding the conversion date,
which equated to $0.22.
A copy of
the letter is filed as exhibit 10.1 to this periodic report on Form
8-K.
Item
8.01 Other Events.
On March 5, 2010, the Company issued a
press release announcing the agreement by the insiders to convert their secured
convertible debenture. A copy of this press release is furnished as
Exhibit 99.1 to this periodic report on Form 8-K.
Item
9.01. Financial Statements and Exhibits.
(d)
Exhibits.
Exhibit No.
|
|
Description
|
10.1
|
|
Letter
dated as of March 4, 2010 sent to the Company by certain of its
insiders.
|
99.1
|
|
Press
Release of Senesco Technologies, Inc. dated March 5, 2010 regarding the
conversion by the insiders of their secured convertible
debentures.
|
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.
|
SENESCO
TECHNOLOGIES, INC.
|
|
|
|
|
Dated:
March 5, 2010
|
By:
/s/ Jack Van
Hulst
|
|
Name:
Jack Van Hulst
|
|
Title:
President and Chief Executive
Officer
|
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