SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 1 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
July 2, 2001
Date of Report (date of earliest event reported)
VISIONICS CORPORATION
(Exact name of Registrant as Specified in Charter)
Delaware 0-18856 41-1545069
(State or Other Jurisdiction (Commission File No.) (IRS Employer ID No.)
of Incorporation)
5600 Rowland Road, Suite 205, Minnetonka, Minnesota 55343-4315
(Address of principal executive offices)
(952) 932-0888
(Registrant's telephone number, including area code)
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ITEM 5. Other Events
On June 29, 2001, Visionics Corporation (the "Company") closed on a private
placement offering of common stock and warrants. A total of 1,302,862 shares
were sold to accredited investors at a price of $4.50 each with total net
proceeds to the Company of approximately $5.5 million. In addition, the Company
issued warrants for 325,715 shares at an exercise price of $5.66 per share and
325,715 warrants at $6.79 per share to the purchasers for no additional
consideration. These warrants are callable when the Company's stock price
exceeds 150 percent of the warrant price for twenty consecutive trading days.
The Company issued additional warrants to purchase up to 26,057 shares of common
stock at an exercise price of $4.50 per share to an investment-banking firm as
partial compensation for services rendered in the private placement.
ITEM 7. Financial Statements, Pro Forma Financial Information And Exhibits
(c) Exhibits
Exhibits
(Referenced to
Item 601 of
Regulation S-K) Description of Exhibit
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4.1 Registration Rights Agreement dated June 27, 2001 by and among
Visionics Corporation and the Investors named therein.
4.2 Warrant dated June 29, 2001 between the Company and Special
Situations Fund III, L.P. for the purchase of 125,000 shares
of the Company's common stock at an exercise price of $5.66
per share, and schedule of substantially identical documents
executed by the Company and not filed pursuant to Instruction
2 to Item 601 of Regulation S-K.
10.1 Purchase Agreement dated June 27, 2001 among the Company and
the Investors named therein.
99.1 Press Release issued by the Company on July 2, 2001.
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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 hereunto duly authorized.
VISIONICS CORPORATION
Dated: July 2, 2001 By: /s/ Robert F. Gallagher
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Robert F. Gallagher
Chief Financial Officer