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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): March 14, 2000
Onvia.com, Inc.
(Exact name of registrant as specified in its charter)
000-29609
(Commission File Number)
Delaware 91-1859172
(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation)
1000 Dexter Avenue, Suite 400
Seattle, Washington 98109
(Address of principal executive offices, with zip code)
(206) 282-5170
(Registrant's telephone number, including area code)
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Item 5. Other Events.
On March 14, 2000, Onvia.com, Inc., a Delaware corporation, sold 2,666,666
shares of its Common Stock to Internet Capital Group, Inc. in a private
placement transaction at a price of $21.00 per share raising gross proceeds of
$55,999,986.00. The issuance was conditioned upon the completion of Onvia.com's
initial public offering and clearance of the transaction under the Hart Scott
Rodino Antitrust Improvements Act of 1976. A copy of Onvia.com's press release
announcing this transaction is attached as Exhibit 99.1 hereto and incorporated
by reference herein.
Item 7. Financial Statements and Exhibits.
(c) Exhibits. 99.1 Press Release dated March 21, 2000.
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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.
Onvia.com, Inc.
Date: March 23, 2000 By: /s/ Mark T. Calvert
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Mark T. Calvert
Vice President and Chief Financial
Officer
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INDEX TO EXHIBITS
Exhibit
Number
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99.1 Press Release dated March 21, 2000.
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EXHIBIT 99.1
Onvia.com Sells Additional 2.6 Million Shares
Previous Investor Internet Capital Group to Purchase Shares for $55.9 million
SEATTLE--(BUSINESS WIRE)--March 21, 2000--Onvia.com (Nasdaq:ONVI - news)
announced today the private placement of an additional 2,666,666 shares of
common stock to previous investor Internet Capital Group.
The stock was sold at the initial public offering price of $21.00 per share, for
a total of $55.9 million.
The private placement was conditioned upon the sale of shares in Onvia.com's
initial public offering. This purchase brings Internet Capital Group's ownership
in Onvia.com to approximately 21.8 percent.
Onvia.com is the leading business-to-business emarketplace for small business
buyers and sellers. Onvia.com's emarketplace is designed to help small
businesses succeed by providing a single online destination where small
businesses can buy and sell services and products, exchange valuable news,
product and service information and access productivity tools.
Internet Capital Group is an Internet holding company primarily engaged in
managing and operating a network of business-to-business (B2B) e-commerce
companies. The company's goal is to become the premier B2B e-commerce company by
establishing an e-commerce presence in major segments of the economy.
About Onvia.com
Onvia.com, headquartered in Seattle, is a leading business-to-business
emarketplace for small business buyers and sellers. The Onvia.com emarketplace
is designed to help small businesses succeed by providing a single online
destination where small businesses can buy and sell services and products,
exchange valuable news, product and service information and access productivity
tools. For more information, contact Onvia.com: 1000 Dexter Ave. N., Fourth
Floor, Seattle, WA 98109. Phone: 206/282-5170. Web: www.onvia.com.
Contact: Onvia.com Gretchen Sorensen, 206/352-4934 [email protected]
