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): December 3, 1998
----------------------------------
Positron Corporation
(Exact name of Registrant as specified in its charter)
Texas 0-24092 76-0083622
(State or other (Commission File Number) (I.R.S. Employer
jurisdiction of Identification Number)
incorporation)
1304 Langham Creek Drive
Suite 310
Houston, Texas 77084
(Address of principal executive offices)
Registrant's telephone number, including area code: (281) 492-7100
N/A
(former address if changed since last report)
<PAGE>
Item 5. Other Events
The press release dated December 4, 1998 that is filed herewith as
Exhibit 99.1 is incorporated herein by reference.
Item 7. Financial Statements and Exhibits
(c) Exhibits
*99.1 Press Release of Positron Corporation dated December 4, 1998.
*Filed herewith
2
<PAGE>
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.
POSITRON CORPORATION
Date: December 4, 1998 By: /s/ Gary B. Wood
--------------------------------
Gary B. Wood, Ph.D.
Title: Chairman of the Board, President
and Chief Executive Officer
<PAGE>
INDEX TO EXHIBITS
Exhibit
Number
*99.1 Press Release of Positron Corporation dated December 4, 1998.
*Filed herewith
<PAGE>
EXHIBIT 99.1
POSITRON CORPORATION
IMMEDIATE RELEASE CONTACT: Gary B. Wood, Ph.D.
Chairman of the Board,
President and
Chief Executive Officer
(281) 492-7100
WARRANT EXPIRATION ANNOUNCED
Dallas, Texas -- December 4, 1998 -- Positron Corporation announced today that
its redeemable warrants to purchase Positron Corporation's common stock expired
yesterday, December 3, 1998. Prior to the close of business on December 3, 1998,
the redeemable warrants were exercisable for an aggregate of 5,646,798 shares of
Positron's common stock at an exercise price of $5.60 per share. The last trade
of the redeemable warrants (POSCW) occurred on December 1, 1998 on the
Over-The-Counter Bulletin Board for a price of $0.001 per warrant.
Founded in 1983, Positron designs, manufactures, markets and services advanced
medical imaging devices utilizing positron emission tomography technology under
the trade name POSICAM(TM) Systems. Positron's common stock is traded as POSC
(Over-The-Counter Bulletin Board).
-xxx-
Positron Corporation
1304 Langham Creek Drive
Suite 310
Houston, Texas 77084
(281) 492-7100
(281) 492-2961 (Fax)
