MESA LABORATORIES INC /CO/ : Completion of Acquisition or Disposition of Assets, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K)

Published: 2021-10-21 08:03:17 ET MLAB

ITEM 2.01 COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS.

On October 20, 2021, Mesa Laboratories, Inc. ("Mesa") completed the acquisition of Agena Bioscience, Inc. ("Agena") pursuant to the terms of the previously announced Agreement and Plan of Merger dated September 13, 2021 (the "Merger Agreement"), among Mesa, Agena, Telegraph Hill Partners Management Company, LLC as the security holders' representative, and Sky Bearer Corp., a Delaware corporation and wholly owned subsidiary of Mesa ("Merger Sub"). Pursuant to the Merger Agreement, Merger Sub merged with and into Agena (the "Merger"), with Agena surviving the Merger and becoming a wholly owned subsidiary of Mesa.

Mesa funded the acquisition and transactions relating thereto with cash on hand. As disclosed in item 2.03 below, Mesa drew on its existing line of credit for cash funds necessary to complete the acquisition. The outstanding shares of Agena's capital stock were converted into the right to receive an aggregate of $300 million (the "Cash Consideration"), subject to customary purchase price adjustments.

The description of the effects of the Merger Agreement and the transactions contemplated by the Merger Agreement do not purport to be complete and are subject to, and qualified in their entirety by reference to, the full text of the Merger Agreement, which was filed as Exhibit 2.1 to Mesa's Current Report on Form 8-K, filed with the Securities and Exchange Commission on September 14, 2021 and which is incorporated herein by reference.

ITEM 2.03 CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT OF A REGISTRANT.

On October 18, 2021, Mesa drew $70.0 million under its existing Credit Facility, and, as of the date hereof, there is $70.0 million outstanding under the Credit Facility. Generally, amounts outstanding under the Credit Agreement bear interest at either a base rate or a Eurodollar rate, plus an applicable spread. The Credit Facility matures on March 5, 2025.

The description of the Credit Facility in this Item 2.03 is qualified entirely by reference to the full text of the four-year senior secured credit agreement, a copy of which was filed with Mesa's Form 8-K on March 8, 2021.

ITEM 7.01 REGULATION FD DISCLOSURE

On October 20, 2021, Mesa issued a press release announcing the completion of the acquisition of Agena. A copy of the press release is attached to this Current Report on Form 8-K as Exhibit 99.1, is hereby furnished pursuant to this Item 7.01.

The information in this Item 7.01, including Exhibit 99.1, is furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liabilities under that section, and shall not be deemed to be incorporated by reference into any filing of the registrant under the Securities Act of 1933, as amended, regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference to such filing.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(a) Financial Statements of Business Acquired

Financial statements of the business acquired will be filed by amendment to this Current Report on Form 8-K (this "Report") no later than 71 days following the date that this Report is required to be filed.

(b) Pro Forma Financial Information

Pro forma financial information will be filed by amendment to this Report no later than 71 days following the date that this Report is required to be filed.