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UNITED STATES
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): August 17, 2000
vFINANCE.COM, INC.
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(Exact name of registrant as specified in its charter)
Delaware 1-11454-03 58-1974423
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
3300 PGA Blvd., Suite 810
Palm Beach Gardens, FL 33410
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(Address of principal executive offices) (Zip Code)
(305) 374-0282
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(Registrant's telephone number, including area code)
NOT APPLICABLE
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(Former name or former address, if changed since last report)
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ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.
On August 17, 2000 (the "Closing Date"), vFinance.com, Inc. (the
"Company") completed the sale of 1,166,667 shares of its common stock, par value
$0.01 per share ("Common Stock"), and rights to acquire up to 1,166,667 shares
of its Common Stock at a purchase price of $3.00 per share to certain
institutional investors. The total gross proceeds to the Company from this
transaction were $3,500,000. The rights to acquire the Common Stock are
exercisable for a period commencing six months from, and expiring one year
after, the Closing Date.
This round of financing was the second tranche of the transaction
discussed in the Company's Form 8-K filed April 13, 2000. The investors were
committed to complete this second tranche of financing following the
effectiveness of the Company's Registration Statement on Form SB-2 on July 31,
2000.
The Common Stock and Warrants Purchase Agreement, along with other
documents relevant to this transaction, were filed as exhibits to the Company's
Form 8-K filed April 13, 2000.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(A) FINANCIAL STATEMENTS AND PRO FORMA FINANCIAL INFORMATION.
Not Applicable.
(B) EXHIBITS.
None
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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.
vFINANCE.COM, INC.
/s/ Leonard J. Sokolow
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Date: August 24, 2000 Leonard J. Sokolow, Chief Executive Officer
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