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): February 14, 2006
Icagen, Inc.
(Exact Name of Registrant as Specified in Charter)
| | | | |
| Delaware | | 000-50676 | | 56-1785001 |
| (State or Other Jurisdiction of Incorporation | | (Commission File Number) | | (IRS Employer Identification No.) |
| | |
4222 Emperor Boulevard, Suite 350 Durham, North Carolina | | 27703 |
| (Address of Principal Executive Offices) | | (Zip Code) |
Registrant’s telephone number, including area code: (919) 941-5206
(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):
| | ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| | ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| | ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| | ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 1.01. Entry into a Material Definitive Agreement
On February 14, 2006, Oxford Finance Corporation approved a request by Icagen, Inc. (the “Company”) to extend the line of credit under the Master Loan and Security Agreement, dated July 14, 1999, between the Company and Oxford Venture Finance, as amended (the “Agreement”), under the same terms and conditions as the existing Agreement. The Letter Agreement, dated February 14, 2006, from Oxford Finance Corporation to the Company (the “Amendment”) effects an extension of the term of the Agreement until December 31, 2006 and changes the date of the current treasury-bill constant maturity rates to February 13, 2006.
The foregoing summary of the Amendment is subject to, and qualified in its entirety by, the Amendment attached to this Form 8-K as Exhibit 99.1 and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits
See Exhibit Index attached hereto.
SIGNATURE
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.
ICAGEN, INC.
Date: February 21, 2006
By: /s/ P. Kay Wagoner
P. Kay Wagoner, Ph.D.
President and Chief Executive Officer
EXHIBIT INDEX
| | |
| Exhibit No. | | Description |
| |
| 99.1 | | Letter Agreement, dated February 14, 2006, from Oxford Finance Corporation to the Company |
