SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 of 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) November 20, 1996
CABLE & CO. WORLDWIDE, INC.
(Exact name of Registrant as specified in its charter)
Delaware 0-207693 22-3341195
(State or other jurisdiction of (Commission File Number) (IRS Employer
incorporation or organization) Identification No.)
724 Fifth Avenue, New York, New York 10019
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (212) 489-9686
n/a
(Former name or former address, if changed since last report)
<PAGE>
Item 9. Sales of Equity Securities Pursuant to Regulation S.
Pursuant to the exemption from the registration requirements under
Regulation S promulgated under the Securities Act of 1933, as amended (the
"Act"), on November 20, 1996, Cable & Co. Worldwide, Inc. (the "Company") sold
3,653 shares of Series B convertible preferred stock (the "Preferred Stock") at
an aggregate purchase price of $2,739,750 with a face amount of $3,653,000 to 6
"accredited investors" as that term is defined under Regulation D promulgated
under the Act. The placement agent for the private placement was J.P. Carey
Enterprises, Inc. The face amount of the shares of Preferred Stock is
convertible into shares of common stock of the Company, $.01 par value (the
"Common Stock") commencing on January 4, 1997, at a conversion price equal to
the lesser of $2.50 per share or the average closing bid price for the five
trading days immediately preceding the notice of conversion. In addition,
warrants to purchase up to 200,000 shares of Common Stock at an exercise price
of $3.00 per share were granted to Holden Holdings, Ltd.
in connection with the private placement.
<PAGE>
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.
Dated: November 26, 1996
CABLE & CO. WORLDWIDE, INC.
(Registrant)
By: /s/ Alan Kandall
Alan Kandall
Executive Vice President
<PAGE>
