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):
June 25, 2007
IOMAI CORPORATION
(Exact name of registrant as specified in its charter)
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DELAWARE
(State or other jurisdiction of
incorporation)
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000-51709
(Commission File
Number)
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52-2049149
(IRS Employer
Identification No.) |
20 Firstfield Road
Gaithersburg, MD 20878
(Address of principal executive offices and zip code)
(301) 556-4500
(Registrant’s telephone number, including area code)
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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(d)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
ITEM 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance
Sheet Arrangement of a Registrant.
On June 25, 2007, we borrowed an aggregate of $496,189.40 under our equipment financing arrangement
with Oxford Finance Corporation (“Oxford”). The amount borrowed is represented by a note in the
amount of $496,189.40, which bears interest at 11.51% and contemplates repayment over 48 months in
installments of $12,824.50 each month. The facility is governed by a Master Security Agreement
dated September 26, 2003, which is Exhibit 10.10.1 to our Annual Report on Form 10-K for the year
ended December 31, 2006. The facility contains various conditions to borrowing, and affirmative and
negative maintenance covenants. The facility also contains various events of default the occurrence
of which could result in a termination by Oxford and the acceleration of all our obligations under
the facility; these events of default include failure to contain a specified collateral mix. The
amount borrowed on June 25, 2007 has been applied to finance the purchase of laboratory equipment.