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):
December 6, 1995
GREENTREE SOFTWARE, INC
(Exact Name of Registrant as Specified in Charter)
NEW YORK
(State or Other Jurisdiction of Incorporation)
0-12094 13-2897997
(Commission File Number) (IRS Employer
Identification No.)
2801 Fruitville Road, Suite 180, Sarasota, Florida 34237
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code:
(941) 954-2210
<PAGE>
ITEM 5. OTHER EVENTS.
On December 6, 1995, the Nasdaq Listing Qualifications Committee informed
Greentree Software, Inc. (the "Company") that they would be delisting the
Company's securities from the Nasdaq SmallCap MarketSM effective with the
opening of business on Thursday, December, 7, 1995.
On December 29, 1995, the Registrant announced that it has sold 2,001,666
shares of its common stock in a private offering of its common stock to
accredited investors. The private offering proposes to sell an aggregate of
4,166,667 shares of the Registrant's common stock, $.04 par value per share. The
private offering is described in the Registrant's press release dated December
29, 1995, a copy of which is filed as Exhibit A to this Report.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(C) EXHIBITS.
Exhibit A Press Release dated December 29, 1995.
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.
GREENTREE SOFTWARE, INC.
By: \s\ Jeffrey J. Pinkerton
Name: Jeffrey J. Pinkerton
Title: Vice President
Dated: January 2, 1996
NEWS RELEASE
December 29, 1995
FOR IMMEDIATE RELEASE
GREENTREE SOFTWARE, INC. ANNOUNCES
DELISTING FROM NASDAQ SMALLCAP MARKET AND
PRIVATE OFFERING OF SHARES OF COMMON STOCK
SARASOTA, FL (December 29, 1995) - Greentree Software, Inc. (NASD:GTSW)
announced today that it had been informed by the Nasdaq Listing Qualifications
Committee that the Company's securities were delisted from the Nasdaq SmallCap
MarketSM effective with the opening of business on Thursday, December, 7, 1995.
The Company also announced that on December 28, it sold, at a price of $.30 per
share, 2,001,667 shares of its Common Stock to accredited investors in a private
offering and received gross proceeds of $600,500. The Company anticipates that
the private offering will continue through January 30, 1996 and that the
additional gross proceeds will be between $100,000 and $300,000, at a price of
$.30 per share.
THE SECURITIES TO BE OFFERED BY THE COMPANY IN THE PRIVATE OFFERING HAVE NOT
BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY APPLICABLE
STATE SECURITIES LAWS AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT
REGISTRATION OR AN APPLICABLE EXEMPTION FROM REGISTRATION.
