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
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Date of Report (Date of earliest event reported) October 20, 1999
AQUAGENIX, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-24490 65-0419263
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(State or other jurisdiction (Commission (IRS Employer
or incorporation) File Number) Identification No.)
6500 Northwest 15th Avenue, Fort Lauderdale, Florida 33309
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(Address of principal executive offices, including zip code)
Registrant's telephone number, including area code (954) 975-7771
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Not Applicable
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(Former name or former address, if changed since last report)
Item 5. Other Events.
On October 20, 1999, the United States Bankruptcy Court for the
Southern District of Florida ("Bankruptcy Court"), in furtherance of the Chapter
11 Proceedings for Aquagenix, Inc. and Aquagenix Land Water Technologies, Inc.
(collectively "Aquagenix"), entered an Order entitled "Order Granting Debtors in
Possessions' Emergency Motion for Order Approving Certain Provisions of Letter
of Intent; Competitive Bid Procedures in Connection with Sale of Debtors'
Assets; Shortening Notice Period and Setting Date and Procedure for Hearing to
Authorize Sale of Debtors' Assets." (Exhibit 99.2).
Pursuant to the terms of the above Order, the Bankruptcy Court ordered that the
Company issue a "Notice to Equity Security Holders of Proposed Sale of Assets."
(Exhibit 99.1). Pursuant to the terms of this Order, there will be a sale of
substantially all Aquagenix assets conducted on November 9, 1999, at 1:30 p.m.
at the United States Bankruptcy Court, 299 East Broward Boulevard, Fort
Lauderdale, Florida or such adjacent location as may be announced in the Court.
This sale will be to Rodney Longman, or assigns, for the purchase price of
$1,600,000; or for such higher or better offer as may be received at the time of
the aforesaid sale.
These actions stem from an order granting emergency motion to approve
post-petition financing by the Bankruptcy Court on October 13, 1999, where the
Bankruptcy Court approved Aquagenix's emergency motion to approve post-petition
financing, post-petition financing by Rodney Longman and other matters
consistent with the motion to grant emergency post-petition financing. (Exhibit
99.3).
Item 7. Financial Statements and Exhibits
The following exhibits are filed with this report:
Exhibit No. Title
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99.1 Notice to Equity Security Holders of
proposed Sale of Assets
99.2 Order Granting Debtors-In-Possession
Emergency Motion For Order Approving Certain
Provisions Of Letter Of Intent; Competitive
Bid Procedures In Connection W\with Sale Of
Debtors' Assets; Shortening Notice Period
And Setting Date And Procedure For Hearing
To Authorize Sale Of Debtors' Assets
99.3 Order Granting Emergency Motion to Approve
Post-Petition Financing
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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.
AQUAGENIX, INC.
By: /s/ Russell Thompson
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Russell Thompson, President
DATED: October 22, 1999
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