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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-C
REPORT BY ISSUER OF SECURITIES QUOTED ON
NASDAQ INTERDEALER QUOTATION SYSTEM
Filed pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
and Rule 13a-17 or 15d-17 thereunder
RailAmerica, Inc.
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(Exact name of small business issuer as specified in charter)
301 Yamato Road, Suite 1190, Boca Raton, Florida 33431
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(Address of principal executive offices)
(561) 994-6015
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(Issuer's telephone number, including area code)
I. CHANGE IN NUMBER OF SHARES OUTSTANDING
Indicate any change (increase or decrease) of 5% or more in the number of shares
outstanding:
1. Title of security: Common Stock, par value $.001 per share
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2. Number of shares outstanding before the change: 4,625,910 shares
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3. Number of shares outstanding after the change: 5,875,910 shares
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4. Effective date of change: See Item 5 below.
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5. Method of change: Shares of Common Stock, par value $.001 per share, of
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RailAmerica, Inc. issued in connection with a private placement transaction.
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Description of Transaction: Pursuant to Regulation D promulgated
pursuant to the Securities Act of 1933, as amended, RailAmerica, Inc.
(the "Company") has completed a private placement of 1,250,000 shares of
Common Stock, par value $.001 per share ("Common Stock") at a purchase
price per share of $3.60 (aggregate proceeds of $4.5 million) (the
"Private Placement Offering"). Certain registration rights were granted
to the subscribers to the Private Placement Offering pursuant to the
Subscription Agreements dated September 30, 1996.
First London Securities Corporation served as the exclusive placement
agent in the Private Placement Offering and received the following
compensation: (i) a placement fee equal to 5% of the gross proceeds
raised; (ii) a nonaccountable expense fee equal to 1% of the gross
proceeds raised; and (iii) warrants to purchase 125,000 shares of Common
Stock at an exercise price of $4.60 per share.
II. CHANGE IN NAME OF ISSUER
Not Applicable.
RAILAMERICA, INC.
Date: As of September 30, 1996 By: /s/ Gary O. Marino
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Gary O. Marino, Chairman of the Board
and Chief Executive Officer
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