SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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 31, 1999
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COMMODORE APPLIED TECHNOLOGIES, INC.
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(Exact name of registrant as specified in its charter)
DELAWARE 1-11871 11-3312952
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
150 EAST 58TH STREET, SUITE 3400
NEW YORK, NEW YORK 10155
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (212) 308-5800
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(Former Name or Former Address, if Changed Since Last Report)
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CURRENT REPORT ON FORM 8-K
COMMODORE APPLIED TECHNOLOGIES, INC.
OCTOBER 31, 1999
ITEM 5. OTHER EVENTS.
On November 5, 1999, Commodore Applied Technologies, Inc. a Delaware
corporation (the "Company"), announced that the Agreement and Plan of Merger,
dated October 1, 1999, by and among Global Energy Investors, Inc., the Company,
and certain other parties thereto expired by its terms on October 31, 1999.
Additional information concerning the foregoing is set forth in the press
release filed herewith as Exhibit 99.1.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL STATEMENTS AND EXHIBITS.
(a) Financial Statements of Business Acquired.
Not Applicable.
(b) Pro Forma Financial Information.
Not Applicable.
(c) Exhibits.
EXHIBIT NO. DESCRIPTION
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99.1 Press Release, dated November 5, 1999, of Commodore Applied
Technologies, Inc.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Current Report to be signed on its behalf by the
undersigned thereunto duly authorized.
COMMODORE APPLIED TECHNOLOGIES, INC.
Date: November 15, 1999 By: /s/ JAMES M. DEANGELIS
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James M. DeAngelis, Treasurer
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EXHIBIT INDEX
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EXHIBIT NO. DESCRIPTION
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99.1 Press Release, dated November 5, 1999, of Commodore Applied
Technologies, Inc.
COMMODORE APPLIED TECHNOLOGIES, INC.
NEWS RELEASE
For release: Immediate
Contact: James M. DeAngells
Melissa C. Berkowitz
(212) 308-5800
COMMODORE APPLIED TECHNOLOGIES ANNOUNCES $2.5 MILLION FINANCING
O Global Energy Investors Agreement Expires
New York, NY--November 5, 1999--Commodore Applied Technologies, Inc. (ASE: CXI,
CXI.WS), ("Commodore"), announced today the completion of $2.5 million in
financing through a private placement. The company issued 335,000 shares of a
new Series E convertible preferred stock, convertible into the Company's common
stock at the market price, after April 30, 2000 and up through April 30, 2003 at
which time it automatically converts to the Company's common stock. The Series E
convertible preferred stock has a variable rate dividend averaging 8.15% over
the term of the securities. The Company reserved the right to redeem all of the
Series E preferred stock on or before April 30, 2000 by payment of $2,800,000
plus any accrued dividends. depending upon the share price at the time of
conversion, the issuance of the common shares relating to the conversion may be
subject to shareholder approval.
Simultaneously, Commodore also announced that the Merger Agreement by and among
the Company, Global Energy Investors, Inc. ("GEI") and its stockholders expired
by its terms on October 31, 1999.
The Company's Chairman, Paul Hannesson said that "The Company is continuing to
move forward in ACWA to the testing of its proprietary SET (TM) process for
neutralization of chemical weapons and in further commercial efforts to the
treatment of radioactive, nuclear and mixed waste materials".
These materials contain forward-looking statements based on a series of
projections and estimates regarding economics within the company's markets, the
industries in which the company operates, the effects of legislation and
regulations, as well as business and competitive outlook.
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