LENSAR Inc. filed SEC Form 8-K: Termination of a Material Definitive Agreement, Results of Operations and Financial Condition, Financial Statements and Exhibits
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Item 1.02 Termination of a Material Definitive Agreement.
As previously disclosed, on January 29, 2020, LENSAR, Inc. (the “Company”) entered into a Development Agreement (the “Development Agreement”) with Oertli Instrumente AG (“Oertli”), governing the parties’ collaboration on the development of the phacoemulsification component of a combined femtosecond laser and phacoemulsification device in the Company’s ALLY System (the “Development Project”). The Development Agreement provided that the Company would pay Oertli fees based on an hourly rate for actual time spent on the Development Project.
On August 5, 2024, the Company and Oertli entered into a Termination Agreement (the “Termination Agreement”), mutually agreeing to terminate the Development Agreement, effective immediately. Upon effectiveness of the Termination Agreement, neither party has further rights, liabilities or obligations under the Development Agreement, with the exception of certain confidentiality and indemnification obligations that survive the termination.
Pursuant to the Development Agreement, each of the Company and Oertli remains the owner of any intellectual property rights owned by it as of the effective date of the Development Agreement, as well as any intellectual property rights invented by such party during the term of the Development Agreement.
The Company did not incur any termination penalties as a result of the termination of the Development Agreement.
The foregoing description of the Development Agreement does not purport to be complete and is qualified in its entirety by the full text of the Development Agreement, a copy of which was filed as Exhibit 10.11 to the Company’s Registration Statement on Form 10, initially filed with the Securities and Exchange Commission on August 26, 2020, as amended on September 14, 2020, and is incorporated herein by reference.
Item 2.02 Results of Operations and Financial Condition.
On August 8, 2024, the Company issued a press release announcing financial results for the fiscal quarter ended June 30, 2024. A copy of the Company’s press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. The Company will host an earnings call on August 8, 2024, during which the Company will discuss its financial results for the fiscal quarter ended June 30, 2024 and provide a business update.
The information furnished in this Current Report on Form 8-K (including Exhibit 99.1) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. |
Description |
99.1 |
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104 |
Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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 hereunto duly authorized.
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LENSAR, Inc. |
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Date: |
August 8, 2024 |
By: |
/s/ Nicholas T. Curtis |
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Name: Title: |
Nicholas T. Curtis |