SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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): January 9, 2002
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Celsion Corporation
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(Exact Name of Registrant as Specified in Charter)
Delaware 000-14242 52-1256615
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
10220-I Old Columbia Road, Columbia, Maryland 21046-1705
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(Address of principal executive office) (Zip Code)
Registrant's telephone number, including area code: (410) 290-5390
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(Former Name or Former Address, if Changed Since Last Report)
ITEM 5. OTHER EVENTS
On January 9, 2002, Celsion Corporation (the "Company") completed its private
placement (the "Offering") of units ("Units") consisting of one share of common
stock, par value $0.01 per share and a warrant to purchase one share of Celsion
common stock, at a price of $0.50 per Unit. The Offering was conducted on a
$3,000,000 - $5,000,000 (6,000,000 -10,000,000 Units) "minimum - maximum" basis,
with an oversubscription allowance that permitted the Company to raise up to an
additional $1,250,000 by selling up to 2,500,000 additional Units. The Company
took in the maximum allowed gross proceeds of $6,250,000.
The Company commenced the Offering on October 11, 2001, with an initial
termination date of November 30, 2001, subject to extension until January 31,
2002 at the election of the Company and its placement agent. On November 28,
2001, the Company and its placement agent elected to extend the term of the
Offering and, as reported on a Current Report on Form 8-K dated December 13,
2001, on that date the Company completed a first closing on the Offering.
On January 10, 2002, the Company issued a press release regarding the final
closing of the Offering. A copy of that press release is attached as Exhibit
99.1 to this Report on Form 8-K.
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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 thereunto duly authorized.
CELSION CORPORATION
Date: January 11, 2002 By: /s/ Anthony P. Deasey
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Anthony P. Deasey
Senior Vice President - Finance and
Chief Financial Officer
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EXHIBIT INDEX
Exhibit Description
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99.1 Registrant's Press Release dated January 10, 2002