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Previous: RENAISSANCE CAPITAL PARTNERS LTD, 10-Q, 1998-05-20 |
Next: BIOCIRCUITS CORP, 10-Q, 1998-05-20 |
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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 EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): MAY 19, 1998
BIOCIRCUITS CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE
(State or other jurisdiction of incorporation or organization)
0-19975 94-3088884
(Commission File No.) (I.R.S. Employer Identification No.)
1324 CHESAPEAKE TERRACE
SUNNYVALE, CALIFORNIA, 94089
(Address of principal executive offices and zip code)
(408) 745-1961
(Registrant's telephone number, including area code)
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ITEM 5. OTHER MATTERS
On May 19, 1998, the Company issued a press release announcing that
it had exhausted its cash resources, was terminating its business
operations and had initiated the process of liquidating its assets.
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ITEM 7. EXHIBITS
Exhibit 1. Press release dated May 19, 1998
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BIOCIRCUITS CORPORATION
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.
BIOCIRCUITS CORPORATION
Date: May 19, 1998
By: /s/ John Kaiser
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John Kaiser
President and Chief Executive Officer
By: /s/ James Welch
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James Welch
Vice President and Chief Financial Officer
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Exhibit 1
Contact: John Kaiser
President and CEO
Biocircuits Corporation
(408) 752-8706
James Welch
Vice President & CFO
Biocircuits Corporation
(408) 752-8728
FOR IMMEDIATE RELEASE
BIOCIRCUITS ANNOUNCES THAT THE COMPANY HAS
INSUFFICIENT FUNDS TO CONTINUE OPERATIONS
SUNNYVALE, CA---MAY 19, 1998---Biocircuits Corporation (Nasdaq: BIOC) today
announced that the Company has been unable to secure additional financing or
to arrange a sale or merger and currently has insufficient funds to continue
operations. Therefore the Company has terminated all employees and ceased all
ordinary business operations as of close of business on Monday May 18, 1998.
The Company intends to immediately proceed with the orderly liquidation
and/or sale of its assets for the benefit of its creditors and shareholders.
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