Unassociated Document
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
December
15, 2008
(Date of
Earliest Event Reported)
Advaxis,
Inc.
(Exact
name of registrant as specified in its charter)
Delaware
|
00028489
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02-0563870
|
(State
or other jurisdiction
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(Commission
|
(IRS
Employer
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of
incorporation)
|
File
Number)
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Identification
No.)
|
Technology
Center of New Jersey
675
Rt. 1, Suite B113
North
Brunswick, N.J. 08902
(Address
of principal executive offices)
(732) 545-1590 (Registrant’s
telephone number, including area code)
|
(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 (see General Instruction A.2. below):
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
December 15, 2008 Advaxis, Inc. (the “Company”) reached an agreement with Mr.
Thomas Moore, the Company’s Chairman and CEO, to amend the repayment terms of a
note (the “Note”) issued pursuant to that certain Note Purchase Agreement (the
“Agreement”), dated September 22, 2008, between the Company and Mr.
Moore. The parties agreed to extend the maturity date of the Note to
the earlier of (i) the close of the Company’s next equity financing resulting in
gross proceeds to the Company of at least $5,000,000, or (ii) June 15,
2009. In consideration for the extension of the maturity date of the
Note, the Company repaid $50,000 towards the outstanding balance on the Note. As
of December 18, 2008, the aggregate balance on the Note was
$425,000.
Item
2.03 Creation
of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet
Arrangement of a Registrant.
The
information set forth in Item 1.01 of this report is incorporated herein by
reference.
Item
8.01 Other Events
On
December 18, 2008, the Company issued a press announcing the receipt of $922,000
from the New Jersey Economic Development Authority in exchange for the Company’s
net operating tax losses. A copy of the press release is attached as
Exhibit 99.1 to this Report on Form 8-K and is incorporated herein by
reference.
Item
9.01. Financial Statements and Exhibits.
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99.1
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Press
release of Advaxis, Inc., dated December 18,
2008.
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SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, Registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly
authorized.
Dated:
December 19, 2008
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Advaxis,
Inc.
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By:
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/s/
Thomas A. Moore
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Name:
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Thomas
A. Moore
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Title:
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Chief
Executive Officer
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