SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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) - March 27, 1998
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AMERICAN ELECTROMEDICS CORP.
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(Exact name of registrant as specified in its charter)
Delaware 0-9922 04-2608713
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(State or other jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
13 Columbia Drive, Suite 18, Amherst, New Hampshire 03031
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(Address of principal executive offices) (zip code)
Registrant's telephone number, including area code (603) 880-6300
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N/A
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(Former Name or Former Address, if changed since last report)
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.
As of March 27, 1998, American Electromedics Corp.
("Registrant") and ESI Acquisition Corporation ("ESI"), a
California corporation and wholly-owned subsidiary of the
Registrant, entered into an Agreement and Plan of Merger with
Equidyne Systems, Inc. ("Equidyne"), a California corporation
with offices located in San Diego, California, whereby, ESI will
merge with and into Equidyne and Equidyne will become a wholly-
owned subsidiary of the Registrant (the "Merger"). Upon the
Merger, Equidyne shareholders will receive an aggregate of
600,000 shares of Common Stock of the Registrant, subject to
adjustment. Equidyne is a development company which holds patents
and has obtained FDA market clearance for a needle-free drug
injection product which the Registrant intends to incorporate
into its line of medical products. It is anticipated that the
Merger will take place during the first week of May 1998, subject
to obtaining necessary approvals and customary closing
conditions.
Item 7. Financial Statements, Pro Forma Financial Information
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and Exhibits
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(c) 2. Agreement and Plan of Merger among American
Electromedics Corp., ESI Acquisition Corporation
and Equidyne Systems, Inc. (without Exhibits or
Schedules thereto).
99. Press Release dated April 1, 1998.
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.
American Electromedics Corp.
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(Registrant)
By: /s/ Michael T. Pieniazek
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Michael T. Pieniazek
President
April 17, 1998
Exhibit Index
Exhibit 2. Agreement and Plan of Merger among American
Electromedics Corp., ESI Acquisition Corporation
and Equidyne Systems, Inc. (without Exhibits or
Schedules thereto).
Exhibit 99. Press Release dated April 1, 1998.