UNITED STATES
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): September 12, 2012
POSITIVEID CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE |
| 001-33297 |
| 06-1637809 |
(State or other Jurisdiction of Incorporation) |
| (Commission File Number) |
| (IRS Employer Identification No.) |
1690 SOUTH CONGRESS AVENUE, SUITE 201 |
| 33445 |
(Address of Principal Executive Offices) |
| (Zip Code) |
Registrants telephone number, including area code: 561-805-8008
(Former name or former address if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
□ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
□ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
□ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
□ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01. Entry into a Material Definitive Agreement.
On September 12, 2012, the Company entered into a Purchase Agreement (the Purchase Agreement) with Ironridge Technology Co., a division of Ironridge Global IV, Ltd., a British Virgin Islands business company (Ironridge) pursuant to which the Company issued 100 shares of Series F Preferred Stock to Ironridge. The 100 shares Series F Preferred Stock were issued as a waiver to satisfy any penalties resulting from the Companys late delivery of shares under a conversion of Series F Preferred Stock by Ironridge.
A copy of the Purchase Agreement will be filed as an Exhibit to the Companys Quarterly Report on Form 10-Q for the quarter ended September 30, 2012. The description of certain terms of the Purchase Agreement set forth herein does not purport to be complete and is qualified in its entirety by the provisions of such agreement.
Item 3.02. Unregistered Sales of Equity Securities.
The shares to be issued by the Company to Ironridge under the Purchase Agreement will be issued in a private placement in reliance upon the exemption from the registration requirements under Section 4(2) of the Securities Act, as amended, and the rules promulgated by the Securities and Exchange Commission thereunder.
The information disclosed under Item 1.01 is incorporated into this Item 3.02 in its entirety.
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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.
PositiveID Corporation
Date: September 18, 2012
/s/ William J. Caragol
William J. Caragol
Chief Executive Officer
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