Form 8-K - Current report
June 03 2024 - 4:30PM
Edgar (US Regulatory)
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0000724742
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2024-05-31
2024-05-31
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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 3, 2024 (May 31, 2024)
Trinity Place Holdings Inc.
(Exact name of registrant as specified in its charter)
Delaware |
|
001-08546 |
|
22-2465228 |
(State or other jurisdiction
of incorporation) |
|
(Commission
File Number) |
|
(IRS Employer
Identification No.) |
340 Madison Avenue, New York, New York 10173
(Address of principal executive offices) (Zip Code)
(212) 235-2190
(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:
¨ |
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 or to be registered
pursuant to Section 12(b) of the Act:
Title of each class |
|
Trading
Symbol |
|
Name of each exchange on which
registered |
Common Stock $0.01 Par Value Per Share |
|
TPHS |
|
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 (§230.405 of this chapter) or Rule 12b-2
of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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.
As
previously disclosed, on March 27, 2024, Trinity Place Holdings Inc. (the “Company”),
TPHS Lender LLC (the “Company Investor”) and TPHS Investor LLC (the “JV
Investor”, and together with the Company Investor, the “Investor”)
entered into a letter agreement (the “Letter Agreement”) pursuant to which the parties agreed to extend the
date by which the Company must complete the delisting of its publicly traded common stock from the NYSE American in accordance with the
terms and conditions of the Stock Purchase Agreement, dated as of January 5, 2024, between the Company
and the Investor (the “Delisting”), as further extended by the parties on April 12, 2024, such that the Company
was required to complete the Delisting not later than June 28, 2024, unless otherwise agreed by the parties. On May 31, 2024, the Investor
and the Company agreed to further extend the date by which the Company must complete the Delisting to August 1, 2024, unless otherwise
agreed by the parties (the “Extension Agreement”).
The
foregoing description of the Extension Agreement is only a summary, does not purport to be complete and is qualified in its entirety by
reference to the full text of the Extension Agreement, which is filed as Exhibit 10.1 hereto and incorporated herein by reference.
Item
9.01. Financial Statements and Exhibits.
(d)
Exhibits
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.
|
TRINITY PLACE HOLDINGS INC. |
|
|
Date: June 3, 2024 |
/s/ Steven Kahn |
|
Steven Kahn |
|
Chief Financial Officer |
Exhibit 10.1
Extension Agreement by email delivered May 31, 2024, reading:
Reference is made to that certain Stock Purchase Agreement, dated as
of January 5, 2024 (as amended, the “SPA”), by and between Trinity Place Holdings Inc., a Delaware corporation (the “Company”),
TPHS Lender LLC, a Delaware limited liability company (the “Company Investor”) and TPHS Investor LLC, a Delaware limited liability
company (the “JV Investor”, and together with the Company Investor, the “Investor”), and the Letter Agreement,
dated as of March 27, 2024, between the Company and the Investor (the “Letter Agreement”), as amended by the extension agreement
by e-mail between the parties on April 12, 2024.
The Investor and the Company hereby agree that the date by which the
Company must complete the Delisting (as defined in the SPA) as provided in Section 6(f) of the SPA and as extended pursuant
to the Letter Agreement is hereby further extended, such that the Company shall now be required to complete the Delisting process not
later than August 1, 2024, which the Investor may agree, in its sole discretion, to further extend.
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