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):
October 21, 1997
Spacehab, Incorporated
(Exact name of registrant as specified in its charter)
Washington
(State or jurisdiction of incorporation)
0-27206 91-1273737
(Commission File Number) (IRS Employer Identification No.)
1595 Spring Hill Road, Vienna, Virginia 22182
(Address of principal executive offices) (Zip Code)
(703) 821-3000
(Registrant's Telephone Number)
Item 5. Other Events
On October 21, 1997, Spacehab, Incorporated (the "Registrant"), issued
a press release regarding the completion of an offering of $55 million of its 8%
Convertible Subordinated Notes due 2007. A copy of the release is set forth as
Exhibit 99.1. On October 22, 1997 the Registrant issued a press release
regarding a closing on an over-allotment option for an additional $8,250,000 of
its 8% Convertible Subordinated Notes due 2007. A copy of the release is set
forth as Exhibit 99.2.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits.
The following Exhibits are included with this Form 8-K:
99.1 Press Release of the Registrant, dated October 21, 1997.
99.2 Press Release of the Registrant, dated October 22, 1997.
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.
SPACEHAB, INCORPORATED
By: /s/ Chester M. Lee
------------------------
Chester M. Lee
President
Dated: October 28, 1997
EXHIBIT INDEX
Exhibit Number Description of Exhibit
99.1 Press Release of the Registrant, dated October 21, 1997.
99.2 Press Release of the Registrant, dated October 22, 1997.
FOR IMMEDIATE RELEASE
Contact Media: Financial:
(703) 821-3000 Penelope Longbottom Margaret E. Grayson
VP Corporate Communications VP Finance and CFO
Exhinit 99.1
SPACEHAB Completes Financing
Vienna, Virginia (October 21, 1997) - SPACEHAB, Inc. (Nasdaq: SPAB) today
announced the completion of an offering of $55 million of 8% Convertible
Subordinated Notes due 2007.
SPACEHAB has the option to redeem the securities after three years. Purchasers
of the notes have the option to convert their notes into SPACEHAB common stock
at any time until maturity. The conversion price is set at $13.625.
The Company intends to use the net proceeds of this offering for development and
construction of space related assets and general corporate purposes.
The notes were offered and sold in transactions exempt from registration under
the Securities Act of 1933. This announcement is a matter of record only.
SPACEHAB, Inc. with its ASTROTECH subsidiary, is the world's leading provider of
commercial payload processing services for both unmanned and astronaut-tended
payloads. SPACEHAB is the first company to commercially develop, own and operate
habitable modules that provide space-based laboratory facilities and logistics
resupply services aboard the U.S. Space Shuttles to support people living and
working in space.
FOR IMMEDIATE RELEASE Exhinit 99.2
Contact Media Financial
(703) 821-3000 Penelope Longbottom Margaret E. Grayson
www.spacehab.com VP Corporate Communications VP Finance and CFO
SPACEHAB Completes Over-allotment Option Closing
Vienna, Virginia (October 22, 1997) - As previously reported, SPACEHAB, Inc.
(Nasdaq:SPAB) has completed an offering of $55 million of 8% Convertible
Subordinated Notes due 2007. SPACEHAB today announced that in connection with
that offering, the over-allotment option for an additional $8,250,000 of 8%
Convertible Subordinated Notes due 2007, has been exercised and the sale has
been completed.
The notes were offered and sold in transactions exempt from registration under
the Securities Act of 1933. This announcement is a matter of record only.
SPACEHAB, Inc. with its ASTROTECH subsidiary, is the world's leading provider of
commercial payload processing services for both unmanned and astronaut-tended
payloads. SPACEHAB is the first company to commercially develop, own and operate
habitable modules that provide space-based laboratory facilities and logistics
resupply services aboard the U.S. Space Shuttles to support people living and
working in space.
