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                       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):
                                  July 9, 2002



                           SPARTA SURGICAL CORPORATION
             (Exact name of registrant as specified in its charter)


         Delaware                    1-11047                    22-2870438
  (State or other juris-           (Commission             (I.R.S. Employer ID
 diction of incorporation)         File Number)                   Number)




                  849 E Stanley Blvd, #209 Livermore, CA. 94550
                    (Address of principal executive offices)



        Registrant's telephone number, including area code (925) 373-0374



                                 not applicable
          (Former name or former address, if changed since last report)


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On July 9, 2002, the Company approved a Settlement  Agreement and Mutual Release
of Claims in the matter of Eugene Olsen v. Sparta Surgical  Corp.,  Sparta Olsen
Electrosurgical Company, et al.


On June 11, 2002, the Company appointed Allan J. Korn to the position of interim
President. The Company has no working capital, and Mr. Korn has agreed to accept
in lieu of a salary,  100,000 shares of the Common Stock and 100,000 Warrants to
purchase  100,000  shares of Common  Stock,  at an  exercise  price of $0.05 per
share,  with a three year expiration date from the date of issuance.  Therefore,
Mr. Korn continues to serve as Director, Secretary and President.  However, Joel
Flig  has  resigned  as  a  Director.  Furthermore,  as  the  Company  disclosed
previously,  it is unable to file its 10KSB financial  statements for the period
of February 28, 2002, due to lack of working  capital.  The Company  anticipates
that it will be delisted from trading on the OTC Bulletin Board.



                                    SIGNATURE

Pursuant to the  requirements  of the  Securities  and Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.



Date:  July 9, 2002




SPARTA SURGICAL CORPORATION



s/s Allan J. Korn
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Allan J. Korn
President, Secretary and Director