- Current report filing (8-K)
September 16 2010 - 4:16PM
Edgar (US Regulatory)
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 13,
2010
InfoLogix, Inc.
(Exact Name of Registrant as Specified in its
Charter)
Delaware
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333-125575
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20-1983837
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(State or other jurisdiction
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(Commission
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(IRS Employer
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of incorporation)
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File Number)
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Identification No.)
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101 E. County Line Road,
Hatboro, Pennsylvania
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19040
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(Address of principal executive offices)
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(Zip Code)
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Registrants telephone number, including area
code:
(215) 604-0691
(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:
o
Written communications pursuant
to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to
Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o
Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item 2.03. Creation of a Direct Financial Obligation or an
Obligation under an Off-Balance Sheet Arrangement of a Registrant.
On September 13, 2010, InfoLogix, Inc.
(the Company) and its subsidiaries (collectively, the Borrowers) borrowed
$500,000 (the Discretionary Credit) from Hercules Technology Growth Capital, Inc.
(Hercules) under its revolving credit facility pursuant to the Amended and
Restated Loan and Security Agreement dated November 20, 2009, as amended
by Amendment No. 1 dated February 19, 2010, Amendment No. 2
dated April 6, 2010, and Amendment No. 3 dated June 25, 2010 (as
amended, the Loan Agreement) with Hercules.
The Discretionary Credit will be treated as an overadvance under the
Loan Agreement and is repayable on demand and otherwise on the terms applicable
to and at the interest rate charged on overadvances provided for in the Loan
Agreement, which terms have not been modified for this borrowing, although the
parties expect to enter into amendments to the Loan Agreement to convert this
overadvance into a note convertible into shares of the Companys common
stock. It is expected that the
convertible note would bear interest at a rate of 10% per annum, payable in
cash or in kind, at Herculess option, plus an additional 8% per annum paid in
kind, and the principal would be due and payable 12 months after issuance of
the note. The Loan Agreement is
described more fully in our quarterly report on Form 10-Q for the
quarterly period ended June 30, 2010, filed with Securities and Exchange
Commission on August 16, 2010.
2
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.
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INFOLOGIX, INC.
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Date: September 16, 2010
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By:
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/s/ John A. Roberts
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John A. Roberts
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Chief Financial Officer
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3
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