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EX-99.2 - POSITIVEID Corpex99-2.htm
EX-99.3 - POSITIVEID Corpex99-3.htm
EX-99.1 - POSITIVEID Corpex99-1.htm

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K/A
(Amendment No. 1)

 

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 22, 2015

 

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 Number)

 

1690 South Congress Avenue, Suite 201

Delray Beach, Florida 33445

(Address of principal executive offices) (zip code)

 

(561) 805-8000

(Registrant’s telephone number, including area code)

 

 

(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 (see General Instruction A.2. below):

 

[  ] 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))

 

 

 

 
   

 

Cautionary Note on Forward-Looking Statements

 

This Current Report on Form 8-K/A (this “Report”) and any related statements of representatives and partners of the Company contain, or may contain, among other things, certain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Such forward-looking statements involve significant risks and uncertainties. Such statements may include, without limitation, statements with respect to the Company’s plans, objectives, projections, expectations and intentions and other statements identified by words such as “projects,” “may,” “will,” “could,” “would,” “should,” “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” or similar expressions. These statements are based upon the current beliefs and expectations of the Company’s management and are subject to significant risks and uncertainties, including those detailed in the Company’s filings with the Securities and Exchange Commission (the “SEC”). Actual results may differ significantly from those set forth in the forward-looking statements. These forward-looking statements involve certain risks and uncertainties that are subject to change based on various factors (many of which are beyond the Company’s control). The Company undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

 

EXPLANATORY NOTE

 

On December 29, 2015, PositiveID Corporation (“PositiveID” or “Company”), filed a Current Report on Form 8-K under Items 1.01, 2.02, 3.02, and 9.01 (the “Initial Report”) to report, among other developments, that it had entered into a Stock Purchase Agreement (“SPA”) to acquire all of the outstanding common stock of E-N-G Mobile Systems, Inc. (“ENG”), dated December 22, 2015. The terms of the SPA were disclosed in the Initial Report. The SPA defines the agreed upon terms of the Company’s acquisition of all of the common stock of ENG. The Initial Report did not include disclosure under Item 2.01 that the acquisition of all of the outstanding common stock of ENG was completed on December 24, 2015. This Amendment Number 1 to Current Report on Form 8-K/A amends the Initial Report to add disclosure under Item 2.01.

 

In compliance with parts (a) and (b) of Item 9.01 of the Initial Report, the Company is filing the required financial information by amendment, as permitted by Item 9.01(a)(4) and 9.01(b)(2) to Form 8-K. This Amendment Number 1 to Current Report on Form 8-K/A amends Items 9.01(a) and 9.01(b) of the Initial Report to provide the required financial information.

 

The Initial Report otherwise remains the same and the Items therein are hereby incorporated by reference into this Current Report on Form 8-K/A.

 

Item 2.01. Completion of Acquisition or Disposition of Assets.

 

The acquisition of ENG was completed on December 24, 2015. The information provided in Items 1.01 and 3.02 of the Initial Report related to the aforementioned SPA is incorporated by reference into this Item 2.01.

 

The financial statements and pro forma financial information provided in Item 9.01 to this Amendment Number 1 to Current Report on Form 8-K are incorporated herein by reference into this Item 2.01.

 

Item 9.01. Financial Statements and Exhibits.

 

(a) Financial statements of businesses acquired

 

The audited financial statements of ENG as of and for the years ended December 31, 2014 and 2013, and the notes related thereto are attached hereto as Exhibit 99.1 and are incorporated herein by reference.

 

The unaudited financial statements of ENG as of September 30, 2015 and for the nine months ended September 30, 2015 and 2014, and the unaudited notes related thereto are attached hereto as Exhibit 99.2 and are incorporated herein by reference.

 

(b) Pro forma financial information

 

The unaudited pro forma condensed combined balance sheet as of September 30, 2015 has been prepared to present the Company’s financial position as if the acquisition of ENG had occurred on September 30, 2015. The unaudited pro forma condensed combined statements of operations for the year ended December 31, 2014 and the nine months ended September 30, 2015 have been prepared to present the Company’s results of operations as if the acquisition of ENG had occurred on January 1, 2014 and January 1, 2015, respectively. The unaudited condensed combined pro forma financial information is attached hereto as Exhibit 99.3 and is incorporated herein by reference.

 

(c) Exhibits

 

Exhibit No.   Description
     
99.1   Financial statements of E-N-G Mobile Systems, Inc. as of and for the years ended December 31, 2014 and 2013.
     
99.2   Unaudited financial statements of E-N-G Mobile Systems, Inc. as of September 30, 2015 and for the nine months ended September 30, 2015 and 2014.
     
99.3   Unaudited pro forma condensed combined financial information.

 

 
   

 

SIGNATURES

 

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.

 

  POSITIVEID CORPORATION
     
Date: March 9, 2016 By: /s/ William J. Caragol
  Name: William J. Caragol