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8-KMay 14, 20265/14/26
BIIB — 8-K Filing
Track for AlertsBIIB 8-K Summary
On May 14, 2026, BIOGEN INC. filed an 8-K covering 5 items, including Completion of Acquisition or Disposition of Assets (Item 2.01), Entry into a Material Definitive Agreement (Item 1.01), and 3 additional items. Primary disclosure: Pursuant to the Merger Agreement, on April 14, 2026, Purchaser commenced a tender offer (the “Offer”) to acquire any and all of the issued and outstanding Shares, in exchange for (i) $41.00 per Share, net to the seller in cash, without interest and subject to reduction for any…
8-K Items Disclosed
Item 1.01 — Entry into a Material Definitive Agreement
A new material agreement was signed — financing facility, partnership, license, or major contract.
CVR Agreement As previously disclosed, on March 31, 2026, Biogen Inc., a Delaware corporation (“Biogen”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Apellis Pharmaceuticals, Inc., a Delaware corporation (“Apellis”), and Aspen Purchaser Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Biogen (“Purchaser”). Pursuant to the Merger Agreement and in connection with the irrevocable acceptance for payment by Purchaser of all outstanding shares of common stock, par value $0.0001 per share, of Apellis (the “Shares”) validly tendered and not validly withdrawn pursuant to the Offer (as defined below), on May 14, 2026, Biogen, Apellis and Equiniti Trust…
Item 2.01 — Completion of Acquisition or Disposition of Assets
An acquisition or disposition closed (assets, business unit, or whole subsidiary).
Pursuant to the Merger Agreement, on April 14, 2026, Purchaser commenced a tender offer (the “Offer”) to acquire any and all of the issued and outstanding Shares, in exchange for (i) $41.00 per Share, net to the seller in cash, without interest and subject to reduction for any applicable tax withholding (the “Cash Amount”), plus (ii) one contractual, non-transferable contingent value right per Share (each, a “CVR”) representing the right to receive contingent cash payments of up to an aggregate of $4.00 in cash, without interest and subject to reduction for any applicable tax withholding, upon the achievement of certain specified milestones (the Cash Amount plus one CVR, collectively, the…
Item 2.03 — Creation of a Direct Financial Obligation
A new debt obligation was incurred — credit facility, convertible note, term loan, or guarantee.
or an Obligation under an Off-Balance Sheet Arrangement. The information set forth in
Item 7.01 — Regulation FD Disclosure
Voluntarily-disclosed material information under Regulation FD (e.g., investor presentation, conference talk).
and in Exhibit 99.1 of this Current Report on Form 8-K shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.
Item 9.01 — Financial Statements and Exhibits
Press releases, exhibits, and supporting documents attached to this filing.
2.1
Agreement and Plan of Merger, dated as of March 31, 2026, by and among Apellis Pharmaceuticals, Inc., Biogen Inc. and Aspen Purchaser Sub, Inc. (incorporated herein by reference to Exhibit 2.1 of the Current Report on Form 8-K filed by Biogen with the SEC on March 31, 2026).†
10.1
Contingent Value Rights Agreement, dated as of May 14, 2026, by and among Biogen, Apellis and Equiniti Trust Company, LLC.
10.2
Credit Agreement, dated as of May 12, 2026, by and among Biogen, U.S. Bank National Association and the lenders party thereto.
99.1
Press Release issued by Biogen, dated May 14, 2026.
99.2
Audited consolidated financial statements of Apellis for the fiscal year ended December 31, 2025 (incorporated herein by reference to Apellis’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the SEC on February 24, 2026).
99.3
Unaudited condensed consolidated financial statements of Apellis for the quarterly period ended March 31, 2026 (incorporated herein by reference to Apellis’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2026, filed with the SEC on May 7, 2026).
104
Cover Page Interactive Data File (formatted as Inline XBRL). † Certain exhibits and schedules have been omitted pursuant to Item 601(b)(2) of Regulation S-K. Biogen hereby undertakes to furnish supplemental copies of any of the omitted exhibits and schedules upon request by the SEC.
Structured financials are not available for this filing. View the original on SEC EDGAR for details.
Current DredgeCap Risk Profile
3.2/10
MODERATE RISK
Dilution Risk
LOW2.0/10
Liquidity Risk
LOW2.0/10
Debt Toxicity
LOW2.5/10
Profitability Risk
MODERATE3.5/10
Going Concern✓ Not flagged
The risk profile above reflects the latest cached DredgeCap analysis for BIIB. For the full filing-by-filing analyst report (red flags, primary risk driver, what moves the stock), open BIIB's company page.
What is a 8-K?
A current report disclosing a material event that occurred between regular reporting periods. Companies are required to file an 8-K within four business days of certain events including earnings releases, executive changes, acquisitions, debt obligations, restructurings, and material agreements. Each 8-K specifies one or more 'Items' identifying which event triggered the filing.
Form-type explainers and 8-K item descriptions are derived from SEC documentation. Financial values are extracted from SEC-tagged XBRL — see the "Source filings" list above each table for direct EDGAR links to every cited filing. This page does not constitute investment advice. Always consult the original filing on SEC EDGAR for authoritative content, and consult a licensed financial advisor for investment decisions.