SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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 28, 2000
IMAGING TECHNOLOGIES CORPORATION
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(Exact Name of Registrant as Specified in its Charter)
Delaware 0-12641 33-0021693
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(State or Other (Commission File Number) (I.R.S. Employer
Jurisdiction of dentification No.)
Incorporation)
15175 Innovation Drive
San Diego, California 92128
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(Address of Principal Executive Offices) (Zip Code)
(Registrant's telephone number, including area code): (858) 613-1300
Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
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Item 5. Other Events.
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On July 5, 2000, the registrant entered into a Private Equity Line
of Credit Agreement with Impany Investment Limited. Pursuant to the agreement,
beginning on the date the registration statement is declared effective by the
SEC, and continuing for two years thereafter, the registrant has the right,
subject to certain conditions, to sell up to $36 million of its common stock to
Impany. Impany will purchase shares at a small discount to market, in amounts
that vary in relationship to the market price at the time each purchase is made.
Additionally, the registrant issued warrants to Impany to purchase up to
2,000,000 shares of the registrant's common stock at an exercise price equal to
120% of the market price. Each warrant shall be exercisable for a period of
three years commencing six months from the date the subscription agreement is
signed.
On July 12, 2000, the registrant issued a press release, a copy of
which is attached as Exhibit 99.1 to this Form 8-K and incorporated herein by
reference.
Item 7. Financial Statements and Exhibits.
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(c) Exhibits:
Exhibit Number Description
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99.1 Press release dated July 12, 2000 issued by the registrant.
99.2 Private Equity Line of Credit Agreement dated July 5, 2000, by
and among Impany Investment Limited and the registrant.
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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.
Date: July 28, 2000 IMAGING TECHNOLOGIES CORPORATION
By: /s/ Brian Bonar
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Name: Brian Bonar
Title: President and Chief Executive Officer
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EXHIBIT INDEX
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Exhibit
Number Description
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99.1 Imaging Technologies Corporation's press release dated July
12, 2000.
99.2 Private Equity Line of Credit Agreement dated July 5, 2000, by
and among Impany Investment Limited and the registrant.
