UNITED STATES
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 26, 1999
Commission File Number 0-9747
EXCALIBUR TECHNOLOGIES CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 85-0278207
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
1921 Gallows Road, Suite 200, Vienna, Virginia 22182
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (703) 761-3700
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Item 5. Other Events
Excalibur Technologies Corporation, a Delaware corporation, (the
"Company"), is in the process of closing a private placement of 500,000 shares
(the "Shares") of its common stock to unaffiliated accredited investors, most of
whom are institutional investors. The Company expects to complete the private
placement on or about March 29, 1999. The Shares are being sold at a purchase
price of $10.00 per share, resulting in expected net proceeds to the Company of
approximately $4.8 million.
The Company plans to use the proceeds to finance ongoing operations and
for general corporate purposes. The Company has agreed to file a registration
statement under the Securities Act of 1933 covering the Shares as promptly as
practicable after April 30, 1999. The Shares were sold pursuant to an exemption
from the registration requirements of the Securities Act of 1933.
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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, thereunto duly authorized.
EXCALIBUR TECHNOLOGIES CORPORATION
By:/s/James H. Buchanan
----------------------------
James H. Buchanan
Chief Financial Officer
Date: March 26, 1999
