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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) JULY 27, 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
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ITEM 5. Other Events
On July 27, 1999, the Registrant (the "Company") filed Post Effective
Amendment No. 1 to the Form S-1 Registration Statement, registration number
333-22187. The Company incorporates by reference the Post Effective Amendment
No.1. The Company included in the Post Effective Amendment 9,458,835 shares of
Common Stock (the "shares") comprised of 2,279,166 shares underlying outstanding
warrants; 2,950,336 shares underlying previously granted stock options; up to
229,333 shares issuable upon conversion of outstanding 8% Convertible Redeemable
Preferred Stock (the "Preferred Shares") and 4,000,000 shares reserved by the
Company for acquisitions. All shares included in the Post Effective Amendment
were previously included in the Form S-1 Registration Statement. Upon exercise
of any of the warrants or stock options, the Company will receive the
exercise/conversion price, and intends to use proceeds received for working
capital and general corporate purposes.
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
July 27, 1999
INSCI CORP.
(Registrant)
/s/ Roger Kuhn
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Roger Kuhn
Chief Financial Officer
