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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
June 23, 2000
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Date of Report (Date of earliest event reported)
TERAGLOBAL COMMUNICATIONS CORP.
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(Exact name of registrant as specified in its charter)
DELAWARE 0-25115 33-0827963
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(State or other jurisdiction of (Commission (IRS Employer
incorporation) File Number) Identification No.)
9171 Towne Centre Drive, 6th Floor
San Diego, California 92122
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(Address of principal executive offices)
(858) 404-5500
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(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS
TeraGlobal Communications Corp. has completed a private placement raising
approximately $7.3 million through the sale of 2,665,079 shares of Common
Stock and 1,332,540 Common Stock Purchase Warrants to institutional investors
in Europe as described in the press release attached as an exhibit to this
report. The Common Stock Purchase Warrants grant the holders the right to
acquire shares of Common Stock at $4.00 per share for a period of 18 months
and are redeemable if the Common Stock trades above $7.00 per share for 20
consecutive trading days.
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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.
TERAGLOBAL COMMUNICATIONS CORP.
Dated: June 23, 2000 By: /s/ DAVID FANN
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David Fann
Chief Executive Officer
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