Senseonics Holdings, Inc S-3, filed Aug 6, 2025

Senseonics Holdings, Inc. (SENS)

S-3 2025-08-06

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	Large accelerated filer ☐			Accelerated filer ☐
	Non-accelerated filer ☒			Smaller reporting company ☒
				Emerging growth company ☐

	Page
ABOUT THIS PROSPECTUS		1
PROSPECTUS SUMMARY		3
RISK FACTORS		7
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS		8
USE OF PROCEEDS		10
DESCRIPTION OF CAPITAL STOCK		11
DESCRIPTION OF DEBT SECURITIES		14
DESCRIPTION OF WARRANTS		21
LEGAL OWNERSHIP OF SECURITIES		23
PLAN OF DISTRIBUTION		26
LEGAL MATTERS		29
EXPERTS		29
WHERE YOU CAN FIND ADDITIONAL INFORMATION		29
INCORPORATION OF CERTAIN INFORMATION BY REFERENCE		30

	Page
ABOUT THIS PROSPECTUS		1
PROSPECTUS SUMMARY		3
THE OFFERING		5
RISK FACTORS		7
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS		9
USE OF PROCEEDS		11
DILUTION		12
PLAN OF DISTRIBUTION		13
LEGAL MATTERS		14
EXPERTS		14
WHERE YOU CAN FIND ADDITIONAL INFORMATION		14
INCORPORATION OF CERTAIN INFORMATION BY REFERENCE		15

Assumed public offering price per share			$	0.51
Net tangible book value per share as of June 30, 2025	$	0.12
Increase in net tangible book value per share attributable to new investors	$	0.07
As adjusted net tangible book value per share after this offering			$	0.19
Dilution per share to new investors			$	0.32

	Amount
SEC registration fee		$	45,930
Stock exchange listing fees			*
Printing Expenses			*
Legal fees and expenses			*
Accounting fees and expenses			*
Blue Sky, qualification and expenses			*
Transfer agent fees and expenses			*
Trustee and depositary fees and expenses			*
Warrant agent fees and expenses			*
Miscellaneous			*
Total		$	45,930

Signatures	Title	Date
/s/ Timothy T. Goodnow. Ph.D. Timothy T. Goodnow	President, Chief Executive Officer and Director (Principal Executive Officer)	August 6, 2025
/s/ Rick Sullivan Rick Sullivan	Chief Financial Officer (Principal Financial Officer and Principal Accounting Officer)	August 6, 2025
/s/ Stephen P. DeFalco Stephen P. DeFalco	Chairman of the Board of Directors	August 6, 2025
/s/ Steven Edelman, M.D. Steven Edelman	Director	August 6, 2025
/s/ Brian Hansen Brian Hansen	Director	August 6, 2025
/s/ Edward J. Fiorentino Edward J. Fiorentino	Director	August 6, 2025

	Very truly yours,

	TD SECURITIES (USA) LLC

	By:	/s/ Michael Murphy
		Name: Michael Murphy
		Title: Managing Director

	ACCEPTED as of the date
	first-above written:

	senseonics holdings, inc.

	By:	/s/ Rick Sullivan
		Name: Rick Sullivan
		Title: Chief Financial Officer

From:	[ ]
Cc:	[ ]
To:	[ ]
Subject:	TD Cowen At the Market Offering—Placement Notice

Rick Sullivan	CFO, Secretary and Treasurer

Kenneth Horton	General Counsel and Corporate Development Advisor

Michael J. Murphy	Managing Director

William Follis	Managing Director

Adriano Pierroz	Director

Article 1       DEFINITIONS		1

Section 1.01	Definitions of Terms	1

Article 2       ISSUE, DESCRIPTION, TERMS, EXECUTION, REGISTRATION AND EXCHANGE OF SECURITIES		5

Section 2.01	Designation and Terms of Securities	5
Section 2.02	Form of Securities and Trustee’s Certificate	8
Section 2.03	Denominations: Provisions for Payment	8
Section 2.04	Execution and Authentications	9
Section 2.05	Registration of Transfer and Exchange	10
Section 2.06	Temporary Securities	11
Section 2.07	Mutilated, Destroyed, Lost or Stolen Securities	12
Section 2.08	Cancellation	13
Section 2.09	Benefits of Indenture	13
Section 2.10	Authenticating Agent	13
Section 2.11	Global Securities	14
Section 2.12	CUSIP Numbers	15

Article 3        REDEMPTION OF SECURITIES AND SINKING FUND PROVISIONS		15

Section 3.01	Redemption	15
Section 3.02	Notice of Redemption	15
Section 3.03	Payment Upon Redemption	16
Section 3.04	Sinking Fund	17
Section 3.05	Satisfaction of Sinking Fund Payments with Securities	17
Section 3.06	Redemption of Securities for Sinking Fund	17

Article 4        COVENANTS		18

Section 4.01	Payment of Principal, Premium and Interest	18
Section 4.02	Maintenance of Office or Agency	18
Section 4.03	Paying Agents	18
Section 4.04	Appointment to Fill Vacancy in Office of Trustee	19

Article 5       SECURITYHOLDERS’ LISTS AND REPORTS BY THE COMPANY AND THE TRUSTEE		20

Section 5.01	Company to Furnish Trustee Names and Addresses of Securityholders	20


Table Of Contents
(continued)

Page

Section 5.02	Preservation Of Information; Communications With Securityholders	20
Section 5.03	Reports by the Company	20
Section 5.04	Reports by the Trustee	21

Article 6       REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS ON EVENT OF DEFAULT		21

Section 6.01	Events of Default	21
Section 6.02	Collection of Indebtedness and Suits for Enforcement by Trustee	23
Section 6.03	Application of Moneys Collected	24
Section 6.04	Limitation on Suits	25
Section 6.05	Rights and Remedies Cumulative; Delay or Omission Not Waiver	26
Section 6.06	Control by Securityholders	26
Section 6.07	Undertaking to Pay Costs	27

Article 7       CONCERNING THE TRUSTEE		27

Section 7.01	Certain Duties and Responsibilities of Trustee	27
Section 7.02	Certain Rights of Trustee	28
Section 7.03	Trustee Not Responsible for Recitals or Issuance or Securities	30
Section 7.04	May Hold Securities	31
Section 7.05	Moneys Held in Trust	31
Section 7.06	Compensation and Reimbursement	31
Section 7.07	Reliance on Officer’s Certificate	32
Section 7.08	Disqualification; Conflicting Interests	32
Section 7.09	Corporate Trustee Required; Eligibility	32
Section 7.10	Resignation and Removal; Appointment of Successor	32
Section 7.11	Acceptance of Appointment By Successor	34
Section 7.12	Merger, Conversion, Consolidation or Succession to Business	35
Section 7.13	Preferential Collection of Claims Against the Company	35
Section 7.14	Notice of Default	35

Article 8        CONCERNING THE SECURITYHOLDERS		36

Section 8.01	Evidence of Action by Securityholders	36
Section 8.02	Proof of Execution by Securityholders	36


	Senseonics Holdings, Inc.

	By:

	Name:

	Title:

	[Trustee], as Trustee

	By:

	Name:

	Title:

Section of Trust Indenture Act of 1939, as Amended	Section of Indenture
310(a)	7.09
310(b)	7.08
	7.10
310(c)	Inapplicable
311(a)	7.13
311(b)	7.13
311(c)	Inapplicable
312(a)	5.01
	5.02(a)
312(b)	5.02(c)
312(c)	5.02(c)
313(a)	5.04(a)
313(b)	5.04(b)
313(c)	5.04(a)
	5.04(b)
313(d)	5.04(c)
314(a)	5.03
	13.12
314(b)	Inapplicable
314(c)	13.07(a)
314(d)	Inapplicable
314(e)	13.07(b)
314(f)	Inapplicable
315(a)	7.01(a)
	7.01(b)
315(b)	7.14
315(c)	7.01
315(d)	7.01(b)
315(e)	6.07
316(a)	6.06
	8.04
316(b)	6.04
316(c)	8.01
317(a)	6.02
317(b)	4.03
318(a)	13.09

	Senseonics Holdings, Inc., as Company

	By:
	Name:
	Title:

	Attest:


	Countersigned

	[●], as Warrant Agent

	By:
	Name:
	Title:

	Attest:

Table Of Contents
(continued)

Page

Section 8.03	Who May be Deemed Owners	37
Section 8.04	Certain Securities Owned by Company Disregarded	37
Section 8.05	Actions Binding on Future Securityholders	37

Article 9        SUPPLEMENTAL INDENTURES		38

Section 9.01	Supplemental Indentures Without the Consent of Securityholders	38
Section 9.02	Supplemental Indentures With Consent of Securityholders	39
Section 9.03	Effect of Supplemental Indentures	39
Section 9.04	Securities Affected by Supplemental Indentures	39
Section 9.05	Execution of Supplemental Indentures	40

Article 10       SUCCESSOR ENTITY		40

Section 10.01	Company May Consolidate, Etc.	40
Section 10.02	Successor Entity Substituted	41

Article 11      SATISFACTION AND DISCHARGE		41

Section 11.01	Satisfaction and Discharge of Indenture	41
Section 11.02	Discharge of Obligations	42
Section 11.03	Deposited Moneys to be Held in Trust	42
Section 11.04	Payment of Moneys Held by Paying Agents	42
Section 11.05	Repayment to Company	42

Article 12       IMMUNITY OF INCORPORATORS, STOCKHOLDERS, OFFICERS AND DIRECTORS		43

Section 12.01	No Recourse	43

Article 13       MISCELLANEOUS PROVISIONS		43

Section 13.01	Effect on Successors and Assigns	43
Section 13.02	Actions by Successor	43
Section 13.03	Surrender of Company Powers	44
Section 13.04	Notices	44

Dated:			Name:
				Please Print

Signature Guaranteed:
	Signature


(Please print name and address including zip code)		Please print Social Security or other identifying number

SENSEONICS HOLDINGS, INC., as Company

By:
Name:
Title:

ATTEST:


COUNTERSIGNED

[●], as Warrant Agent

By:
Name:
Title:

ATTEST:

Very truly yours,

Cooley LLP

By:	/s/ Darren DeStefano
	Darren DeStefano