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.
October 28, 1998
Date of Report (Date of earliest event reported)
Cyclo3pss Corporation
(Exact name of Registrant as specified in its charter)
Delaware 0-22720 87-0455642
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State of Commission File No. IRS Employer
Incorporation Identification No.
3646 West 2100 South
Salt Lake City, UT 84120
(Address of principal executive offices)
(801) 972-9092
(Registrant's telephone number)
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Item 5. Other Events
There are currently outstanding 1,000,000 Class "A" Common Stock Purchase
Warrants each of which entitles the holder to purchase one share of the
Company's common stock. On October 28, 1998, the Company's Board of Directors
adopted resolutions reducing the exercise price of the Class "A" Warrants from
$2.60 per share to $.50 per share. The Class "A" Warrants are redeemable by the
Company at the price of $.005 per warrant. Prior to October 28, 1998, the Class
"A" Warrants were not redeemable unless the Bid Price for the Company's common
stock equaled or exceeded $2.85 per share for ten consecutive trading days. As a
result of the Board of Director's actions on October 28, 1998, the Class "A"
Warrants are now redeemable by the Company at such time as the Bid Price for the
Company's common stock equals or exceeds $.58 per share for ten consecutive
trading days
The exercise period of the Class "A" Warrants has been extended by the
Board of Directors to December 11, 1999.
SIGNATURE
Pursuant to the requirements of the Securities Act of 1934, the Registrant
has duly caused this report to be signed on its behalf by the undersigned
thereunto duly authorized.
Cyclo3pss Corporation
Date: November 23, 1998
By: /s/ William R. Stoddard
William R. Stoddard
Chief Executive Officer
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