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): November 16, 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
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The following Capitalization Table is to be incorporated by reference into two
Registration Statements on Form S-3, Registration Nos. 333-44137 and 333-60167.
CAPITALIZATION
The following table sets forth the capitalization of the Company as of September
30, 1998:
<TABLE>
<CAPTION>
September 30,
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1998 (1)
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<S> <C>
Long-term portion of capital leases $ 610,999
Shareholders' equity: 8,784,990
Preferred Stock, $.01 par value: 5,000,000 shares
authorized; issued and outstanding, 3,282 shares of
Series A Convertible and 6,000 shares of Series B
Convertible
Common Stock, $.01 par value: 25,000,000 shares
authorized; issued and outstanding, 13,185,775
shares 64,590,707
Preferred Stock dividend distributable 116,025
Accumulated deficit (58,789,109)
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Total shareholders' equity $14,702,613
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Total capitalization $15,313,612
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(1) Does not include (i) 2,639,229 shares issuable upon exercise of outstanding
stock options as of September 30, 1998 and (ii) 1,032,600 shares of Common
Stock currently issuable upon exercise of certain privately placed
warrants.
</TABLE>
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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
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Kenneth W. Johnson
Chief Financial Officer
November 18, 1998
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