On December 20, 2019, Arbutus Biopharma Corporation (the "Company") reported that it has entered into an amendment (the "Amendment") to the Open Market Sale AgreementSM, dated December 20, 2018 (the "Sale Agreement"), by and between the Company and Jefferies LLC, as sales agent (the "Agent"), in connection with the Company’s filing of a new shelf registration statement on Form S-3 (File No. 333-235674), filed with the Securities and Exchange Commission (the "SEC") on December 23, 2019 (the "New Shelf Registration Statement") (Filing, 8-K, Arbutus Biopharma, DEC 20, 2019, View Source [SID1234552579]). The Amendment revised the Sale Agreement to reflect that the Company may sell its common shares, without par value (the "Common Shares"), from time to time for an aggregate sales price of up to $50.0 million under the New Shelf Registration Statement. Under the original terms of the Sale Agreement, the Company, through the Agent, may issue and sell Common Shares pursuant to the Company’s shelf registration statement on Form S-3 (File No. 333-215290), previously filed with the SEC on December 23, 2016 and subsequently amended on January 12, 2017, and declared effective by the SEC on January 19, 2017 (the "Original Shelf Registration Statement"), and the Company’s prospectus supplement filed with the SEC on December 20, 2018 (the "2018 Prospectus"). Under the rules of the Securities Act of 1933, the Original Shelf Registration Statement is set to expire on January 19, 2020. The Company has remaining capacity under the Sale Agreement to sell up to approximately $36.2 million of its Common Shares under the Original Shelf Registration Statement until its expiration.
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