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): February 2, 2005
ENVIRONMENTAL POWER CORPORATION
(Exact name of registrant as specified in its charter)
Delaware | 0-15472 | 75-3117389 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) | (IRS Employer Identification Number) |
One Cate Street, Fourth Floor, Portsmouth, New Hampshire 03801
(Address of principal executive offices, including zip code)
(603) 431-1780
(Registrants telephone number, including area code)
NONE
(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 MATERIAL DEFINITIVE AGREEMENT
On February 2, 2005, Environmental Power Corporation (the Company), entered into an Underwriting Agreement (the Underwriting Agreement) with Ladenburg Thalmann & Co. Inc. (the Underwriter), with respect to the issuance and sale by the Company, and the purchase by the Underwriter, of 2,500,000 shares of the Companys common stock, $0.01 par value per share. The Underwriting Agreement grants the Underwriter a 30-day over-allotment option to purchase up to an additional 375,000 shares of common stock from the Company. The shares will be issued pursuant to a registration statement on Form S-2 (SEC File No. 333-121572) filed with the Securities and Exchange Commission under the Securities Act of 1933, as amended. Pursuant to the terms of the Underwriting Agreement, the Company also agreed to grant the Underwriter a five-year warrant to purchase 100,000 shares of the Companys common stock at an exercise price equal to 115% of the price at which the shares are offered to the public. The Underwriting Agreement and the Warrant summarized above have been filed as Exhibits 10.1 and 10.2 to this Current Report on Form 8-K, and the Company refers you to such exhibits for the complete terms of the agreements. The complete terms of the agreements are incorporated herein by reference.
ITEM 8.01. OTHER EVENTS
On February 3, 2005, the Company issued a press release regarding the pricing of the offering contemplated by the Underwriting Agreement, a copy of which is filed as Exhibit 99.1 and incorporated herein by reference.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS
(c) | Exhibits | |
10.1 | Underwriting Agreement, dated February 2, 2005, between the Company and Ladenburg Thalmann & Co. Inc. | |
10.2 | Form of Common Stock Warrant (incorporated by reference to Exhibit 4.01 to the Companys Registration Statement on Form S-2 (SEC File No. 333-121572)). | |
99.1 | Press Release, dated February 3, 2005. |
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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.
ENVIRONMENTAL POWER CORPORATION | ||
By: |
/s/ R. Jeffrey Macartney | |
R. Jeffrey Macartney | ||
Chief Financial Officer |
Dated: February 3, 2005
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