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): March 29, 2000
MORTGAGE.COM, INC.
(Exact name of registrant as specified in its charter)
Florida 000-26787 65-0435281
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File No.) Identification No.)
1643 North Harrison Parkway
Sunrise, Florida 33323
(Address of principal executive offices) (Zip Code)
Registrant's telephone number including area code: (954) 838-5000
(Former name or former address, if changed since last report)
<PAGE>
Item 5. Other Events.
On March 29, 2000, the Company announced that it had entered into a
stock purchase agreement with an institutional investor for an equity line of
credit pursuant to which the investor has committed to purchase, at the option
of the Company, up to $40 million of the Company's common stock over the next 24
months.
Item 7. Financial Statements and Exhibits
(a) Exhibits
99.1 Press Release dated March 29, 2000.
2
<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.
MORTGAGE.COM, INC.
(Registrant)
March 29, 2000 By: /s/ Edwin D. Johnson
--------------------------------------
Edwin D. Johnson
Executive Vice President and
Chief Financial Officer
3
<PAGE>
EXHIBIT LIST
99.1 Press Release dated March 29, 2000
4
Exhibit 99.1
Mortgage.com
________________________________________________________________________________
NEWS
Contact: Ed Johnson
Mortgage.com
954-838-5020
For Immediate Release
- ---------------------
MORTAGE.COM OBTAINS COMMITMENT FOR $40 MILLION IN NEW
CAPITAL
FUNDS TARGETED FOR COMPLETION OF ELECTRONIC MORTGAGE PLATFORM
___________________________________________________________
SUNRISE, Florida, March 29, 2000 - Mortgage.com, Inc. (NASDAQ:MDCM) today
announced the signing of a stock purchase agreement with an institutional
investor establishing what is sometimes referred to as an equity line of credit
or an equity drawdown facility. Pursuant to such agreement, the investor has
committed to purchase, at the Company's option, up to $40 million of the
Company's common stock over the next 24 months. The Company plans to use the
funds for general corporate purposes, including the continued development of an
electronic mortgage platform for the mortgage industry. The issuance of the
common stock to be sold to the investor pursuant to the agreement will not be
registered under the Securities Act of 1933 and may not be offered or sold in
the United States without registration or the availability of an applicable
exemption from registration under such Act.
________________________________________________________________________________
This press release includes "forward-looking" statements that reflect our
current view with respect to future events and financial performance. We use
words such as "anticipate," "believe," "expect," "future," "plan," "estimate,"
and "intend," and similar expressions, to identify forward looking statements.
The forward-looking statements in this release are made pursuant to the Safe
Harbor Provisions of the Private Securities Litigation Reform Act of 1995. You
should be aware that actual results may differ materially from our expressed
expectations because of risks and uncertainties inherent in future events,
including such uncertainties as are described in registration statements,
reports and other documents filed by the Company from time to time with the
Securities and Exchange Commission pursuant to the Securities Act of 1933 and
the Securities Exchange Act of 1934. Specific reference is made to the risks and
uncertainties described in the Registration Statement on Form S-1 (Registration
No. 333-79757) filed by the Company in connection with its Initial Public
Offering effective August 11, 1999.
