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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities and Exchange Act of 1934
December 22, 1997
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Date of Report (date of earliest event reported)
iMALL, INC.
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(Exact Name of Registrant as Specified in its Charter)
Nevada 0-21201 59-2544687B
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(State or other (Commission File Number) (IRS Employer
jurisdiction of Identification Number)
Incorporation)
4400 Coldwater Canyon Blvd., Suite 200, Studio City, California 91604
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(Address of principal executive offices)
(818) 509-3600
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(Registrant's telephone number, including area code)
Exhibit Index
on Page 4
1 of 5 pages
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ITEM 5. OTHER EVENTS
Pursuant to Rule 135c(d), the Company hereby files a copy of the press
release issued on December 22, 1997 pertaining to a private placement of the
Company's securities.
Item 7. FINANCIAL STATEMENTS AND EXHIBITS
c. Exhibits:
Exhibit
Number Description
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99.1 Press Release
2
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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.
iMALL, INC.
By /s/ Mark Comer
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Mark Comer, President
Dated: December 29, 1997
3
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INDEX TO EXHIBITS
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Exhibit Page
Number Description Number
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<S> <C> <C>
99.1 Press Release 5
</TABLE>
4
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Exhibit 99.1
PRESS RELEASE
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iMALL COMPLETES
$20 MILLION PRIVATE PLACEMENT
STUDIO CITY, California, December 22, 1997 -- iMALL, Inc. (OTC-BB:IIML)
today announced that it has completed a private placement of $20 million in
gross proceeds to accredited investors.
The placement was for Units consisting of shares of the company's 9%
Convertible Preferred Stock and warrants to its purchase Common Stock.
The company plans to use the net proceeds from the placement to increase
its sales and marketing efforts, to retire debt, for further development of its
hardware and software products, for capital expenditures and for working capital
purposes.
The Units, the shares of Preferred Stock, the Warrants and the shares of
Common Stock issuable upon the conversion or exercise thereof will not be or
have not been registered under the Securities Act of 1933, as amended, and may
not be offered or sold in the United States absent registration or an applicable
exemption from registration requirements.
The company has agreed to use its best efforts to register for resale the
Warrants and the Common Shares issuable upon conversion of the Preferred Shares
and the exercise of the Warrants.
5
