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U.S. 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) July 14, 2000 (July 6, 2000)
PREDICT IT, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-28263 84-1433978
(State or Other Jurisdiction (Commission File Number) (I.R.S. Employer
of Incorporation) Identification No.)
268 W. 44th Street
New York, New York 10036
(Address of principal executive
offices including zip code)
(212) 217-1200
(Registrant's telephone number,
including area code)
N.A.
(Former name or former address, if changed since last report)
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Item 5. Other Events.
On July 6, 2000, the Board of Directors of Predict It, Inc. (the
"Company") approved the extension of the Company's current private placement
until July 21, 2000 (the "Offering"). In such Offering, the Company is offering
up to $8,000,000 of Units, each Unit consisting of (i) 10,000 shares of the
Company's Series B Convertible Preferred Stock, and (ii) Warrants to purchase
200,000 shares of the Company's Common Stock, at an exercise price equal to
$1.00 per share. The purchase price per unit is $100,000. The Offering may be
increased to $12,000,000 to cover over-subscriptions.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
PREDICT IT, INC.
(Registrant)
Dated July 14, 2000 By: /s/ Andrew P. Merkatz
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Andrew P. Merkatz
President
