SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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) May 9, 1997
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Coda Music Technology, Inc.
(Exact Name of Registrant as Specified in Its Charter)
Minnesota
(State of Other Jurisdiction of Incorporation)
0-26192 41-1716250
(Commission File Number) (I.R.S. Employer Identification No.)
6210 Bury Drive
Eden Prairie, Minnesota 55346-1718
(Address of Principal Executive Offices) (Zip Code)
(612) 937-0611
(Registrant's Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
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Item 5. Other Events.
Coda Music Technology, Inc. (the "Company") pursuant to Rule
135c under the Securities Act of 1933 (the "Act") has made a public announcement
that it is making a private offering of its securities which it is not required
to register under the Act. The Company is offering a minimum of 1,153,846 and a
maximum of 1,730,769 shares of its Common Stock at $1.30 per share. In addition,
purchasers will receive for each two shares purchased a warrant to purchase one
additional share at $2.00 per share subject to certain adjustments. Venture
capital funds have indicated their intent to purchase at least 865,385 of the
shares offered. Proceeds of the offering will be used for sales and marketing,
development of the Company's Vivace product and repertoire and working capital.
The offering is scheduled to close on May 29, 1997 subject to extension by the
Company for up to 60 days.
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.
CODA MUSIC TECHNOLOGY, INC.
Date: May 12, 1997 By /s/ John W. Paulson
Its Chairman and
Chief Executive Officer
