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): September 30, 1998
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TERA COMPUTER COMPANY
(Exact name of registrant as specified in its charter)
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Washington 0-26820 93-0962605
(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File Number) Identification No.)
2815 Eastlake Avenue East
Seattle, WA 98102
(Address of principal executive offices)
Registrant's telephone number, including area code: (206) 325-0800
Registrant's facsimile number, including area code: (206) 323-1318
None
(Former name or former address, if changed since last report)
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Item 5. Other Events
On September 30, 1998, the Company raised $6,000,000, less expenses,
through the private placement of 600,000 shares of its Common Stock and 121,008
warrants to two institutional investors, Advantage Fund II Ltd. and Koch
Industries, Inc. The number of shares of Common Stock issuable by the Company
are subject to adjustment in certain circumstances. The warrants are exercisable
for five years at $10.04 per share, subject to adjustment. The Company expects
to file a registration statement with the Securities and Exchange Commission on
or before October 20, 1998, covering the resale of the Common Stock and the
shares of Common Stock issuable upon exercise of the warrants.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant caused this report to be signed on its behalf by the undersigned
thereunto duly authorized.
TERA COMPUTER COMPANY
By: /s/ KENNETH W. JOHNSON
Kenneth W. Johnson
Chief Financial Officer
October 7, 1998
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