SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: June 30, 1998
SAC TECHNOLOGIES, INC.
(Exact Name of Registrant as Specified in its Charter)
Minnesota
(State or other jurisdiction of incorporation)
1-13463 41-1741861
(Commission File Number) (IRS Employer Identification No.)
4444 West 76th Street, Suite 600
Edina, MN 55435
(Address of principal executive offices)
(612) 835-7080
(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS
On June 30, 1998 the registrant sold $2.5 million of its 5% convertible
debentures due June 30, 2001, along with five-year warrants to purchase 100,000
shares of common stock exercisable at $7.287 per share, to The Shaar Fund Ltd. A
copy of the related press release dated July 6, 1998 issued by the registrant is
filed as an exhibit hereto.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits.
99.1 Press Release dated July 6, 1998, issued by SAC Technologies,
Inc.
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 thereunto duly authorized.
SAC Technologies, Inc.
July 7, 1998 By /s/ Gary Wendt
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Gary Wendt
Chief Financial Officer