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): June 21, 1999
Datakey, Inc.
(Exact Name of Registrant as Specified in Its Charter)
Minnesota
(State or Other Jurisdiction of Incorporation)
000-11447 41-1291472
(Commission File Number) (I.R.S. Employer Identification Number)
407 West Travelers Trail
Burnsville, Minnesota 55337
(Address of Principal Executive Offices) (Zip Code)
612-890-6850
(Registrant's Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
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Item 5. Other Events.
On June 21, 1999, the Company completed a $1,351,282 financing with
accredited investors. In connection with the financing, the Company issued
540,513 shares of Common Stock (the "Common Stock") and five-year warrants to
purchase an aggregate of 540,513 shares of the Company's Common Stock with an
exercise price of $2.50 per share (the "Warrants"). As part of the financing,
the parties also entered into a Registration Rights Agreement, pursuant to which
the Company agreed to file a registration statement on Form S-1 or Form S-3 by
July 21, 1999 covering the resale of shares of the Company's Common Stock issued
on June 21, 1999 and issuable upon exercise of the Warrants The Company also
paid a placement agent $99,053 in commissions plus accountable expenses, and
issued to such agent a warrant to purchase 54,052 shares of Company Common Stock
at an exercise price of $2.70 per share.
Item 7. Financial Statements and Exhibits.
(a) Financial statements: None.
(b) Pro forma financial information: None.
(c) Exhibits: None.
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.
Dated: June 22, 1999
DATAKEY, INC.
By /s/ Carl P. Boecher
Carl P. Boecher
President and Chief Executive Officer
