Washington, D.C. 20549







Pursuant to Section 13 OR 15(d)

of The Securities Exchange Act of 1934

Date of report (Date of earliest event reported): May 23, 2018




(Exact name of registrant as specified in its charter)




Delaware   001-36570   45-4488360

(State or other jurisdiction

of incorporation)



File Number)


(I.R.S. Employer

Identification No.)

34790 Ardentech Court

Fremont, CA 94555

(Address of principal executive offices) (Zip Code)

(510) 745-1200

Registrant’s telephone number, including area code

Not applicable

(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):



Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)



Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)



Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))



Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company  ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☒




Item 1.01

Entry into a Material Definitive Agreement.

On May 23, 2018, we entered into a Purchase Order (the “Purchase Order”) with Harro Hofliger Packaging Systems to purchase a commercial coating and primary packaging machine (the “Equipment”) for the production of our product candidate, M207, for an aggregate purchase price of $12.2 million.

We remitted $1.5 million of the purchase price upon order of the Equipment and plan to remit an additional $1.5 million on August 7, 2018. An additional 25% of the purchase price will be due after the design of the Equipment is finalized and approved, 20% will be due after the completion of the manufacturing of the component parts of M207 and the start of assembly of M207, 20% will be due after approval at the manufacturing plant and before shipment, and 10% will be after the final invoice is sent. We anticipate that such amounts will come due over an approximately eighteen-month period.

The foregoing description of the Purchase Order is qualified in its entirety by reference to the full text of the Purchase Order, attached hereto as Exhibit 10.1 and incorporated herein by reference.


Item 9.01

Financial Statements and Exhibits.








Exhibit Description

10.1    Purchase Order #9186G, dated as of May 23, 2018 between Zosano Pharma Corporation and Harro Hofliger Packaging Systems.


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.


Dated: August 6, 2018   By:  

/s/ John Walker

    Name: John Walker
    Title: President and Chief Executive Officer

Exhibit 10.1


LOGO    Purchase Order #9186G



Harro Hofliger Packaging Systems

350 S. Main St.

Suite 315

Doylestown, PA 18901

Contact: Joe Pistorius

Email: jpistorius@hofliger.com

Web: www.x-rates.com/calculator.html


Ship To:

Zosano Pharma Corporation

34790 Ardentech Court

Fremont, California 94555


Attn: Hayley Lewis, Room: 2114

Email: purchasing@zosanopharma.com

Web: www.zosanopharma.com


Bill To:

Zosano Pharma Corporation

34790 Ardentech Court

Fremont, California 94555


Email: purchasing@zosanopharma.com


Order Date: 5/23/18                                    Carrier: Best Way                                    FOB: Ship Point                            Terms: Net 30

        Agent: Scott Cosner, scosner@zosanopharma.com


     Quote    ETA    Delivery    Product No.    Item Description    Qty    U of M    Tax     Price      Ext  
1.    4853 -


      ZCAPX M207 Commercial

Coating and Primary
Packaging Machine

   11,545,711    Dollars      5.3125   $ 1.00      $ 11,545,711.00  




• Payment terms:

$1,500,000.00 upon order

$1,500,000.00 at 60 days after PO acceptance

25% after finalizing/approval of design

20% after completion of manufacturing of parts/at assembly start

20% after approval at manufacturer’s plant & before shipment

10% within 30 days at the latest after date of invoice, net








    Subtotal:      $ 11,545,711.00  



    Tax:      $ 613,365.90  



    Misc:      $ 0.00  



    Freight:      $ 0.00  



    Total:      $ 12,159,076.90  




Point Purchasing™ v4.5.10