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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) October 6, 1997
INSCI CORP.
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(Exact name of Registrant as specified in its Charter)
DELAWARE
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(State of other jurisdiction of incorporation)
1-12966 06-1302773
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Commission File No. I.R.S. Employer Identification
Two Westborough Business Park,
Westborough, MA 01581
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Address of principal Zip Code
executive offices
(508) 870-4000
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Registrant's telephone number,
including area code
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ITEM 5. OTHER EVENTS.
On October 6, 1997, the Registrant's (the "Company") Form S-1
Registration Statement was declared effective by the Securities and Exchange
Commission (the "Commission"). The Company registered a total of 16,769,991
shares of Common Stock, $.01 par value. The Registration Statement consisted of
4,000,000 shares of Common Stock. $.01 par value, registered by the Company for
acquisitions, and the balance of 12,769,991 shares of Common Stock consisting of
2,860,565 shares for selling stockholders and 9,909,426 shares of Common Stock
underlying Options, Warrants and Convertible Securities for selling
shareholders.
The Company has not received any proceeds from the Registration and will
not receive any proceeds unless selling shareholders elect to exercise Options
and/or Warrants. The Company incorporates by reference all of the information
and exhibits contained in its Registration Statement on Form S-1 as filed with
the Commission.
The Company issued a press report with respect to the number of shares
registered and the effective date of the Registration Statement.
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.
Dated: New York, New York
October 23, 1997
INSCI CORP.
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(Registrant)
/s/ ROGER C. KUHN
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ROGER C. KUHN
Chief Financial Officer
