UNITED STATES

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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): July 29, 2021

 

Isoray, Inc.

(Exact Name of Registrant as Specified in Charter)

 

Delaware
(State or Other Jurisdiction
of Incorporation)

001-33407
(Commission
File Number)

41-1458152
(IRS Employer
Identification No.)

 

350 Hills Street, Suite 106, Richland, Washington 99354

(Address of Principal Executive Offices) (Zip Code)

 

(509) 375-1202

(Registrant’s telephone number, including area code)

 

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:

 

 

Written communications 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 communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

 

 

 

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

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, $0.001 par value

ISR

NYSE American

 

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 July 29, 2021, Isoray Medical, Inc. (“Medical”), a wholly owned subsidiary of Isoray, Inc., entered into Addendum No. 1 (the “Addendum”) to its supply contract with Joint Stock Company «Isotope», a Russian company (“JSC Isotope”), originally dated March 18, 2021, for the purchase of Cesium-131. The Addendum adds a manufacturer, adds a shipper of goods, and increases the amount of Cesium-131 Medical can purchase. 

 

The Addendum is filed as Exhibit 10.1 to this Current Report on Form 8-K, and the above description of the Addendum is qualified in its entirety by reference to such exhibit.

 

Item 9.01         Financial Statements and Exhibits.

 

(d)     Exhibits

 

 

10.1

Addendum No. 1 to Supply Contract, dated July 29, 2021, by and between Isoray Medical, Inc. and Joint Stock Company.

 

 

 

SIGNATURES

 

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 3, 2021

 

Isoray, Inc., a Delaware corporation

 

 

By: /s/ Lori A. Woods                                                   

       Lori A. Woods, CEO

 

 

Exhibit 10.1

 

Certain identified information has been excluded from this exhibit because it is both (i) not material and (ii) would be competitively harmful if publicly disclosed.

 

Addendum No. 1 dated 2021.07.22 to

Contract No. 840/08625142/31/22-21

Date of signature: 2021.03.18

 

THE SELLER

Joint Stock Company «Isotope»,

(JSC «Isotope»)

 

Pogodinskaya str., 22, Moscow, 119435, Russia.

Phone: +7(499) 245-01-18, 245-13-81.

 

THE BUYER

The Company Isoray Medical Inc.

350 Hills Street, Suite 106

Richland, WA 99354-5411 USA

 

THE BUYER and THE SELLERS have mutually agreed about the following:

 

1.

The Manufacturer of the Goods may be the following organization:

 

JSC "SSC RIAR", 9, Zapadnoye Shosse, Dimitrovgrad, Ulyanovsk region, 433510,

Russian Federation.

Phone.:+7 (84235) 796 57

e-mail: orip@niiar.ru

 

2.

The Shipper of the Goods may be the following organization:

 

MedikorPharma-Ural LLC 620109,  Sverdlovskaya region, Yekaterinburg, Krulya Street, 2, apartment 192 

Tel.: +7 (343) 270-75-29 

E-mail: dpbugaev@gmail.com

 

3.

The total activity of shipments under the Contract on calibration date is increased by [**] and is equal to [**].

 

4.

The total amount of the Сontract is increased by [**] and is equal to [**].

 

The present addendum is the integral part of contract 840/08625142/31/22-21 and may be signed by E-mail.

 

All other terms and conditions are in accordance with Contract No. 840/08625142/31/22-21, Appendices 1 and 2.

 

THE SELLER   THE BUYER  
       
/s/ Maxim Kushnarev                /s/ Jennifer Streeter                 
Maxim Kushnarev   Jennifer Streeter  
29 Jul 2021     22 Jul 2021  
CEO (General Director), JSC Isotope   Isoray - COO