-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, VLrnbqwKSB27mxXhbeBET07aCOFyMyUyZP1O+f5nwcMv1htQ7Bo3kn4Eevzmh7sY J57ONa1gUNmMzP1ar3RlCQ== 0001104659-02-004387.txt : 20020826 0001104659-02-004387.hdr.sgml : 20020826 20020826103808 ACCESSION NUMBER: 0001104659-02-004387 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020819 ITEM INFORMATION: Other events FILED AS OF DATE: 20020826 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HYPERFEED TECHNOLOGIES INC CENTRAL INDEX KEY: 0000745774 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES [6200] IRS NUMBER: 363131704 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11108 FILM NUMBER: 02747660 BUSINESS ADDRESS: STREET 1: 300 S WACKER DR STREET 2: STE 300 CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: 3129132848 MAIL ADDRESS: STREET 1: 300 SOUTH WACKER DR STREET 2: SUITE 300 CITY: CHICAGO STATE: IL ZIP: 60606 FORMER COMPANY: FORMER CONFORMED NAME: PC QUOTE INC DATE OF NAME CHANGE: 19920703 8-K 1 j4900_8k.htm 8-K

 

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 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):  August 19, 2002

 

HYPERFEED TECHNOLOGIES, INC.

(Exact name of registrant as specified in its charter)

 

 

Delaware

 

0-13093

 

36-3131704

(State of incorporation)

 

(Commission File Number)

 

(I.R.S Employer
Identification No.)

 

300 South Wacker Drive, Suite 300

Chicago, Illinois  60606

(Address of principal executive offices)

 

(312) 913-2800

(Registrant’s telephone number, including area code)

 

 

 

 

 

Item 5.  Other Events

 

On August 19, 2002, PICO Holdings, Inc. (“PICO”) exercised three previously issued Common Stock Purchase Warrants (the “Warrants”).  In accordance with the terms of the Warrants, PICO acquired 949,032 shares of Common stock of HyperFeed Technologies, Inc. (“HyperFeed”) for $305,113.79 or  $0.3215 per share, the average closing bid price for the twenty trading days preceding the date of exercise. PICO, along with its wholly owned subsidiary, now owns a total of 11,026,888 shares of HyperFeed’s Common stock.

 

List of Exhibits

 

Press Release, dated August 22, 2002

 

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.

 

 

 

HYPERFEED TECHNOLOGIES, INC.

 

 

 

 

 

 

Date:  August 23, 2002

By:

/s/ JOHN E. JUSKA

 

 

John E. Juska,

 

 

Chief Financial Officer

 

 

 

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 EX-1 3 j4900_ex1.htm EX-1

EXHIBIT 1

 

 

HYPERFEED’S PRINCIPAL SHAREHOLDER EXERCISES WARRANTS

-PICO Holdings, Inc. Exercises Warrants for $305,113.79-

 

CHICAGO, August 22, 2002 - HyperFeed Technologies, Inc. (Nasdaq: HYPR), a provider of financial market information technology to institutional investors, brokers, traders and clearing houses, announced today that PICO Holdings, Inc., the principal shareholder of the Company, exercised three previously issued Common Stock Purchase Warrants.  In accordance with the terms of the Warrants, PICO acquired 949,032 shares of HyperFeed Technologies, Inc. common stock for $305,113.79 or  $0.3215 per share, the average closing bid price for the twenty trading days preceding the date of exercise, which was Monday, August 19.

 

According to Jim Porter, HyperFeed’s Chairman and CEO,  “PICO’s investment demonstrates its optimism and support for HyperFeed’s technology, direction and prospects for long term growth.”

 

John Hart, President, CEO and Director of PICO, feels that HyperFeed’s technology speaks for itself.  He states, “The recent increase in volatility and record trading volumes of the markets confirm the superiority of HyperFeed’s technology.  In particular we have been impressed by comments made by various proprietary trading firms as to HyperFeed’s speed and accuracy advantages.  These factors combined with HyperFeed’s initiative to aggressively pursue new and expanded markets that will benefit from their technology encouraged us to exercise options at this time.”

 

Porter further adds, “This vote of confidence illustrates PICO’s faith in our management team and continuing commitment towards HyperFeed’s ability to become a dominant player in the next generation of financial services providers.  It also embraces our new Executive Vice President, Paul Pluschkell, and his mandate to structure agreements and partnerships that leverage HyperFeed’s core ticker plant technology with large financial institutions.”

 

PICO Holdings, Inc., along with its wholly owned subsidiary, now owns a total of 11,026,888 common shares; 44.3% of HyperFeed Technologies, Inc.’s total outstanding shares of common stock.  PICO and its subsidiaries still hold Warrants to acquire 3,106,163 shares of HyperFeed common stock at $1.575 per share.

 

About HyperFeed Technologies, Inc.

 

HyperFeed provides market data and technology designed specifically to support the wide variety of trading styles its clients use to maintain their competitive edge.  Beginning with a comprehensive understanding of the diverse needs of the financial equities industry, the Company applies advanced technologies to the processing, delivery,

 

 

distribution and display of financial market data. HyperFeed® Market Data, one of the fastest, most complete and most reliable data feeds in the industry can be fed into a variety of online, desktop and third party applications. Each application is designed specifically to adapt to the specific needs of the client.

 

For more information, please visit HyperFeed’s web site at www.hyperfeed.com <http://www.hyperfeed.com/>.

 

Safe Harbor Disclosure

The statements made herein that are not historical in nature are intended to be and are identified as “forward looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, particularly in reference to statements regarding our expectations, plans and objectives.  Forward-looking statements may be impacted by a number of factors, risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements.  Our filings with the Securities and Exchange Commission identify factors that could cause material differences.  Among these factors are our ability to: i) fund our current and future business strategies either through continuing operations or external financing; ii) attract and retain key employees; iii) compete successfully against competitive products and services; iv) maintain relationships with key suppliers and providers of market data; and v) respond to the effect of economic and business conditions generally.  The Company cautions readers that forward-looking statements, including and without limitation, those relating to the Company’s future business prospects, revenues, working capital, liquidity, income and margin are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated by the forward-looking statements due to any number of risk factors.

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