- Current report filing (8-K)
October 12 2010 - 9:53AM
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)
October 1, 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
October 1, 2010, InfoLogix, Inc. (the Company) and its
subsidiaries (collectively, the Borrowers) borrowed $500,000, and on October 8,
2010, the Borrowers borrowed $1,000,000 (the Discretionary Credits) 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. Each
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 eliminate the $500,000 limit on
outstanding overadvances. The Loan
Agreement is described more fully in the Companys quarterly report on Form 10-Q
for the quarterly period ended June 30, 2010, filed with Securities and
Exchange Commission on August 16, 2010 and its current report on Form 8-K
dated September 13, 2010, filed with the Securities and Exchange
Commission on September 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: October 12, 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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