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): January 30, 1998
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Augment Systems, Inc.
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(Exact Name of Registrant as Specified in its Charter)
Delaware
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(State or Other Jurisdiction of Incorporation)
0-22341 04-3089539
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(Commission File Number) (I.R.S. Employer I.D. No.)
2 Robbins Road, Westford, Massachusetts 01886
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(Address of Principal Executive Offices, Including Zip Code)
(978) 392-8626
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(Registrant's Telephone Number, Including Area Code)
Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
Item 5. Other Events.
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On January 30, 1998 Augment Systems, Inc. completed a $6.13 million
private placement of unregistered shares priced at $1 per share with three
institutional and other investors. The pricing reflects a zero discount
from the share price of Augment's publicly traded common shares at the time
of closing of the private placement. The approximately $6.13 million raised
in this private placement will be used to implement the company's strategic
plan.
Augment Systems, Inc., headquartered in Westford, Massachusetts,
designs, develops and markets high-end Fibre Channel file server systems
for moving large image and data files rapidly and efficiently over computer
networks. The company's initial target markets are the electronic publishing
industry, medical imaging and the Internet/Intranet markets.
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.
AUGMENT SYSTEMS, INC.
Date: March 3, 1998 By: /s/ Duane A. Mayo
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Duane A. Mayo
Chief Financial Officer
