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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities and Exchange Act of 1934.
Date of Report (Date of earliest event reported): February 7, 1997
ACTV, INC.
(Exact name of registrant as specified in its charter)
Delaware 1-10377 94-2907258
(State or other (Commission File (I.R.S. Employer
jurisdiction of Number) Identification No.)
organization)
1270 Avenue of the Americas
New York, New York 10020
(Address of Principal Zip Code
Executive Office)
Registrant's telephone number, including area code: (212) 262-2570
Not Applicable
(Former name or former address; if changed since last report)
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ITEM 5. OTHER EVENTS.
The Company announced its plans to raise approximately $25 million in a
private placement through the issuance of debt of one of its subsidiaries.
Exhibit A is attached hereto pursuant to Rule 135c of the Securities Act of
1933.
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.
ACTV, Inc.
February 7, 1997 /s/ William Samuels
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By: William Samuels, President
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[LOGO] ACTV, INC. NEWS RELEASE
FROM: ACTV, Inc.
Daniel F. Mahoney, Jr., Vice President
Tel: (212) 262-2570
CONTACT: MWW/Strategic Communications, Inc.
Public Relations - Tel. (201) 507-9500
Contact: Robert E. Swadosh ([email protected])
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FOR IMMEDIATE RELEASE
ACTV, INC. SUBSIDIARY PLANS TO RAISE $25 MILLION IN DEBT OFFERING
FUNDS TO ADVANCE COMMERCIALIZATION OF ACTV'S
FIRST TWO INDIVIDUALIZED SPORTS AND ENTERTAINMENT PROGRAMMING CHANNELS
New York, NY, February 7, 1997 -- ACTV, Inc. (Nasdaq: IATV) today announced
that it plans to raise approximately $25 million through the issuance of debt
through a wholly-owned subsidiary of ACTV, Inc. Further terms were not
disclosed. Proceeds from the debt financing will be used primarily for the
launch of ACTV's first two premium, regional sports and entertainment channels.
The securities offered have not been and will not be registered under the
Securities Act of 1933 or state securities laws and may not be offered or sold
absent registration or an applicable exemption from registration requirements.
Unrelated to the debt offering, ACTV also announced that it intends to
raise approximately $10 million through a public equity offering. The offering
will be made only by means of a prospectus.
1270 Avenue of the Americas, Suite 2401, Rockefeller Center, New York, NY 10020
tel (212) 262-2570 fax (212) 459-9548 e-mail [email protected]
