<PAGE>
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) SEPTEMBER 24, 1999
INSCI CORP
(Exact name of Registrant as specified in its Charter)
DELAWARE
(State of other jurisdiction of incorporation)
1-12966 06-1302773
Commission File No. I.R.S. Employer Identification
TWO WESTBOROUGH BUSINESS PARK,
WESTBOROUGH, MA 01581
Address of principal Zip Code
executive offices
(508) 870-4000
Registrant's telephone number,
including area code
<PAGE>
ITEM 5. Other Events
On September 24, 1999, the Registrant's (the "Company's") Board of
Directors resolved to extend the expiration date of the 1,333,334 Warrants
issued under the Company's 1996 Unit Private Placement. Each unit consists of
one share of 8% Preferred Stock and one Warrant to purchase one share of Common
Stock at $5.00 per share. The Board of Directors simultaneously resolved to
extend the expiration date of 133,333 Placement Agent Warrants associated with
this placement. The Warrants expiration date has been extended from October 1,
1999 to December 30, 1999 (a 90-day extension). The exercise price of the
Warrants remains unchanged.
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: Westborough, MA
September 30, 1999
INSCI CORP
(Registrant)
/s/ Roger Kuhn
------------------------
Roger Kuhn
Chief Financial Officer
