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): May 1, 2006
PAINCARE HOLDINGS, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
FLORIDA | 1-14160 | 06-1110906) |
---------------------------- | ---------------- | ------------- |
(STATE OR OTHER JURISDICTION | (COMMISSION FILE | (IRS EMPLOYER |
OF INCORPORATION OR | NUMBER) | IDENTIFICATION NUMBER) |
ORGANIZATION) | | |
1030 NORTH ORANGE AVENUE, SUITE 105ORLANDO, FLORIDA 32801
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES INCLUDING ZIP CODE)
(407) 367-0944
(REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)
(407) 367-0950
(REGISTRANT'S FACSIMILE NUMBER, INCLUDING AREA CODE)
WWW.PAINCAREINC.COM
(REGISTRANT'S WEBSITE ADDRESS)
ITEM 1.01 Entry Into Material Definitive Contract
On May 1, 2006, PainCare Holdings, Inc. and its subsidiaries entered into a Letter Agreement with HBK Investments L.P. (the "Agent"), PCRL Investments L.P. ("PCRL") and Del Mar Master Fund Ltd. ("Del Mar," and together with PCRL the "Lender") pursuant to which the Agent and the Lenders waived certain breaches of the terms of that certain Loan and Security Agreement between the foregoing parties, dated May 10, 2005, as amended, in consideration for which PainCare paid a $300,000 waiver fee. A copy of the Letter Agreement is attached hereto as an exhibit.
ITEM 9.01Financial Statements and Exhibits
(d) Exhibits.
99.1 Letter Agreement dated May 1, 2006.
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.
Dated May 8, 2006 | PAINCARE HOLDINGS, INC. |
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| By:/s/ Randy Lubinsky |
| Randy Lubinsky |
| Chief Executive Officer and Director |