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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 EXCHANGE ACT OF 1934.
Date of report (Date of earliest event reported): January 31, 2000
Commission File No. 0-24833
FUTURELINK CORP.
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(Exact Name of Registrant as Specified in Its Charter)
Delaware 95-4763404
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(State or Other Jurisdiction of (I.R.S. Employer Identification No.)
Incorporation or Organization)
100, 6 Morgan, Irvine, California 92618
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(Address of principal executive offices) (ZIP Code)
(949) 837-8252
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(Registrant's Telephone Number, Including Area Code)
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(Former Name or Former Address, if Changed Since Last Report)
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ITEM 5. OTHER EVENTS
On February 11, 2000, funds managed by JDS Capital Management, Inc. exercised
warrants to purchase 722,902 shares of Common Stock, and on February 29, 2000,
funds managed by Pequot Capital Management, Inc. exercised warrants to purchase
1,678,139 shares of Common Stock. The Registrant had issued these warrants on
October 15, 1999 as part of a private placement. Each of the warrants had an
exercise price of $8.40 per share (reflecting anti-dilution adjustments since
the date of issuance), and the Registrant paid to each holder a fee of $0.90 per
share to induce the early exercise of the warrants. The Registrant received net
proceeds (after payment of the exercise fee) exceeding $18 million from the
exercise of these warrants to purchase 2,401,041 shares of Common Stock.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) EXHIBITS:
99.1 News Release of the Registrant dated March 1, 2000.
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, thereunto duly authorized.
FUTURELINK CORP.
By: [signed: K. B. Scott] Date: March 8, 2000
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Kyle B. A. Scott, Corporate Secretary
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EXHIBIT INDEX
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Exhibit No. Description
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99.1 News Release of the Registrant dated March 1, 2000.
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EXHIBIT 99.1
FUTURELINK RECEIVES ADDITIONAL FUNDING
Irvine, California, March 1, 2000 - FutureLink Corp. (Nasdaq: FTRL) today
announced that funds managed by Pequot Capital Management, Inc. and JDS Capital
Management Inc. recently exercised warrants they received in October, 1999 as
part of FutureLink's previously announced private placement transaction with
such funds. The exercise involved the issuance of an additional 2,401,041 shares
of common stock to the five separate funds for net proceeds of just over $18
million.
ABOUT FUTURELINK
FutureLink, The Computer Utility Company(TM), is one of the founders of the
Application Service Provider (ASP) industry and a founding member of the ASP
Industry Consortium.
FutureLink's ASP Division provides businesses with off-site, Internet-based
computing. The company's server-based computing division builds application
server farms and provides Citrix application server software integration
services. With server-based computing solutions, FutureLink customers manage
their own server farms, and provide ASP services to users with their own IT
staff and FutureLink consultants. For more information, contact FutureLink
toll-free at (877) 216-6001; e-mail: [email protected]; or visit the
FutureLink Web site at http://www.futurelink.net.
Forward-looking statements and comments in this news release are made pursuant
to safe harbor provisions of the Securities Exchange Act of 1934. Such
statements relating to, among other things, the prospects for the companies to
complete the transaction and enhance operating results, are necessarily subject
to risks and uncertainties, some of which are significant in scope and nature.
These risks may be further discussed in periodic reports and registration
statements to be filed by the company from time to time with the Securities and
Exchange Commission in the future.
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