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): November 19, 2001
ARDENT COMMUNICATIONS, INC.
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(Exact Name of Registrant as Specified in Its Charter)
Delaware
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(State or Other Jurisdiction of Incorporation)
000-26103 52-2066769
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(Commission File Number) (I.R.S. Employer Identification No.)
6861 Elm Street, Third Floor
McLean, Virginia 22101
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(Address of Principal Executive Offices) (Zip Code)
(703) 276-4200
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(Registrant's Telephone Number, Including Area Code)
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
On November 19, 2001, Ardent Communications, Inc. and its wholly owned
subsidiary Ardent, Inc. (together, the "Company") sold substantially all of
the assets comprising the Company's digital subscriber line ("DSL") business
to Network Access Solutions Corporation (the "Buyer"). The sale of the DSL
assets was effectuated pursuant to an order of the United States Bankruptcy
Court for the District of Columbia, which currently has jurisdiction over the
voluntary Chapter 11 case commenced by the Company on October 10, 2001.
The sale of the DSL assets was made pursuant to the Asset Purchase
Agreement (the "Agreement") between the Company and the Buyer dated as of
October 25, 2001. Pursuant to the Agreement, upon the closing of the sale
transaction the Buyer paid total cash consideration to the Company of
approximately $2,000,000 and assumed certain liabilities of the Company in the
aggregate amount of $4,700,000.
The foregoing description of the asset sale transaction is qualified in
its entirety by reference to the Agreement, a copy of which is attached as
Exhibit 2.1 and by this reference made a part hereof.
ITEM 7. FINANCIAL STATEMENTS; PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(c) Exhibits
2.1 Asset Purchase Agreement dated as of October 25, 2001 by
and between Ardent Communications, Inc., Ardent, Inc. and
Network Access Solutions Corporation.
SIGNATURES
Pursuant to the requirements of the Securities Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Ardent Communications ,Inc.
Date: November 30, 2001 By: /s/ Amit D. Rikhy
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Amit D. Rikhy
Senior Vice President and Chief
Financial Officer