INTERNET COMMERCE CORP
8-K, 1999-12-13
COMPUTERS & PERIPHERAL EQUIPMENT & SOFTWARE
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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 EXCHANGE ACT OF 1934


       Date of Report (Date of earliest event reported): November 23, 1999

                                   ----------


                          INTERNET COMMERCE CORPORATION
             (Exact name of registrant as specified in its charter)

                          Commission file number 024996


            Delaware                                    133645702
(State or other jurisdiction of          (I.R.S. Employer Identification Number)
 incorporation or organization)

                   805 Third Avenue, New York, New York 10022
                    (Address of principal executive offices)
                                   (Zip Code)


                                 (212) 271-7640
              (Registrant's telephone number, including area code)


<PAGE>

                          INTERNET COMMERCE CORPORATION
                                    FORM 8-K
                                 CURRENT REPORT

                                TABLE OF CONTENTS

                                                                            Page

Item 5.  Other Events.........................................................3

Signature.....................................................................4


<PAGE>
Item 5    OTHER EVENTS

     Internet Commerce  Corporation ("ICC") has completed a $19.5 million equity
financing.  The  participants  include  the  previously  announced  $10  million
investment  from Cable & Wireless  ("C&W") and  commitments  of $5 million  from
Acorn Investment Trust ("Acorn"),  $2.5 million from Firstar Investment Research
& Management, LLC ("FIRMCO") and $2 million from Bantry Bay Ventures ("Bantry").
In addition to the already  announced  details of the C&W  investment,  ICC will
issue a total of  approximately  434,000  shares of its Class A Common  Stock in
this  financing  based on the market  value of ICC's Class A Common Stock on the
dates ICC entered into  definitive  agreements  with the investors.  These dates
ranged from November 23 to 26, 1999.


<PAGE>


                                    SIGNATURE


     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.

Date:     December 10, 1999

                                   INTERNET COMMERCE CORPORATION


                                   /s/ Dr. Geoffrey S. Carroll
                                   --------------------------------------------
                                   Dr. Geoffrey S. Carroll
                                   President and Chief Executive Officer
                                   (Principal Executive Officer)



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