UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES AND EXCHANGE ACT OF 1934
December 18, 2007
Date of report (Date of earliest event reported)
C2 GLOBAL TECHNOLOGIES INC.
(Exact Name of Registrant as Specified in its Charter)
FLORIDA
(State or Other Jurisdiction of
Incorporation or Organization)
| | | |
0-17973 | | 59-2291344 |
| (Commission File No.) | | (I.R.S. Employer Identification No.) |
40 King Street West, Suite 3200, Toronto, Ontario, Canada, M5H 3Y2
(Address of Principal Executive Offices and Zip Code)
(416) 866-3000
(Registrants Telephone Number, Including Area Code)
N/A
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Section 8 - Other Events
Item 8.01 Other Events
Acquisition of Interest in Knight’s Bridge Capital Partners Internet Fund No. 1 GP LLC
On December 18, 2007, C2 Global Technologies Inc. (the “Company”), through its wholly owned subsidiary, C2 Investments Inc., completed the acquisition of a one-third interest in Knight’s Bridge Capital Partners Internet Fund No. 1 GP LLC (“Knight’s Bridge GP”), with an effective date of December 7, 2007. The additional two-thirds interest in Knight’s Bridge GP was acquired by parties affiliated with the Company’s parent, Counsel Corporation. Knight’s Bridge GP was formed to acquire the general partner interests in 2007 Fund 1 LLP (the “Fund”, subsequently renamed Knight’s Bridge Capital Partners Internet Fund No. 1 LP) from BVP Management LLC.
To date, the Fund has completed a number of investments in companies requiring venture financing. As the general partner of the Fund, Knight’s Bridge GP will manage the Fund and its current investee companies, in return for which it will earn a 2% per annum management fee with respect to the Fund’s invested capital. Knight’s Bridge GP will also have a 20% carried interest on any incremental realized gains from the Fund’s investments.
Section 9 - Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
None
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 thereunto duly authorized.
| | C2 Global Technologies Inc. | |
| Date: December 20, 2007 | By: | /s/ Stephen Weintraub | |
| | | Name: | Stephen Weintraub | |
| | | Title: | Chief Financial Officer and Corporate Secretary | |
