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): December 30, 1999
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FirstQuote Inc.
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(Exact name of registrant as specified in its charter)
Delaware 0-22351 98-0162893
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(State or other jurisdiction (Commission File (IRS Employer
of incorporation) Number) Identification No.)
12, Av. des Morgines 1213 Petit-Lancy 1, Geneva Switzerland N/A
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 011-4122-879-0879
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Not Applicable
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(Former name or former address, if changed since last report)
Item 1. Changes in Control of Registrant.
Not applicable.
Item 2. Acquisition or Disposition of Assets.
On December 30, 1999, FirstQuote Inc. acquired all of the
outstanding capital shares of Stockdata Amsterdam B.V., a limited liability
company organized under the laws of The Netherlands and located in Amsterdam,
The Netherlands. Stockdata is engaged in the distribution of real-time market
data products to the Benelux region, primarily through the use of datacast
technologies via cable networks.
The acquisition was conducted pursuant to a Securities Purchase
Agreement dated December 24, 1999 between FirstQuote, Stockdata and the
stockholders of Stockdata. Pursuant to the agreement, the Stockdata stockholders
transferred to FirstQuote all of the outstanding capital shares of Stockdata in
consideration of FirstQuote's payment of up to US$3,750,000, payable as follows:
US$245,031 in cash; US$1,059,239 in the assignment of Stockdata receivables; and
FirstQuote's issuance of 197,815 shares of Series D preferred stock and 148,451
shares of common stock, all such shares being valued at approximately US$7.06
per share. An additional 30,000 FirstQuote common shares are issuable to the
sellers' subject to their satisfaction of certain post-closing conditions.
Item 3. Bankruptcy or Receivership.
Not applicable.
Item 4. Changes in Registrant's Certifying Accountant.
Not applicable.
Item 5. Other Events.
Not applicable.
Item 6. Resignations of Registrant's Directors.
Not applicable.
Item 7. Financial Statements and Exhibits.
(a) Financial Statements.
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FirstQuote intends to file the required financial statements by
way of an amendment to this Form 8-K on or before February 28, 2000
(b) Exhibits.
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Securities Purchase Agreement dated December 24, 1999 between
FirstQuote, Stockdata Amsterdam B.V. and the stockholders of Stockdata
Item 8. Change in Fiscal Year.
Not applicable.
Item 9. Sales of Equity Securities Pursuant to Regulation S.
Not applicable.
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.
FirstQuote Inc.
(Registrant)
Date: January 12, 2000 By: /s/ Neil Gibbons
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Neil Gibbons, President