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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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SECURITIES AND EXCHANGE COMMISSION
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934
June 21, 2004 |
|
Date of Report (Date of earliest event reported) |
M-Wave, Inc. |
|
(Exact name of registrant as specified in its charter) |
Delaware | 33-45499 | 36-3809819 |
|
|
|
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
475 Industrial Drive, West Chicago, Illinois | 60185 |
|
|
(Address of principal executive offices) |
(Zip Code) |
(630) 562-5550 |
|
(Registrant's telephone number) |
Item 5. Other Events The Company is reporting its Board has approved a $3 Million Preferred Stock transaction with private investor: Mercator Advisory Group, LLC and its affiliated funds. The 30,000 Preferred shares issued at $1 are convertible into 3,061,000 shares of Common Stock. The Company will also issue a three-year warrants to purchase an aggregate of 1,530,000 shares of Common Stock at $1.27 a share. Additionally, M-Wave reports its hearing June 18, 2004 with the NASDAQ appeals panel on its prior delisting determination and its belief that the stockholders' equity requirement of $2.5 Million will be wholly satisfied by the Mercator transaction. A copy of the Company's press release relating to these matters is filed herewith as Exhibit 99.9. |
SIGNATURE 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.
|
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M-WAVE, INC. | ||
Date: June 21, 2004 |
By: /s/ JIM MAYER |
|
|
||
Name: Jim Mayer |
EXHIBIT INDEX |
|
EXHIBIT NO. | DESCRIPTION |
|
|
99.9 | Press Release on NASDAQ delisting and other matters |
EXHIBIT 99.9 - Press Release
M-Wave Inc. Board Approves $3.0 Million Private Placement With Mercator Advisory Group LLC And Its Designated Funds Company Submits to NASDAQ Its Plan To Remain Listed On Small Cap Market For Immediate Release
WEST CHICAGO, Ill./EWORLDWIRE/June 18, 2004 --- M-Wave Inc. (NASDAQsc:
MWAV) announced that its Board of Directors had approved the issuance of
30,000 shares of the company's newly designated Series A Preferred Stock
to Mercator Momentum Fund LP; Mercator Momentum Fund III LP and Monarch
Pointe Ltd. through Mercator Advisory Group LLC ("Mercator")
for $100 per share, or an aggregate of $3 million. The Preferred Stock
is non-voting, bears no dividend and is convertible up to 3,061,000
shares of Common Stock. The company will also issue three-year warrants
to the Mercator entities to purchase an aggregate of 1,530,000 shares of
Common Stock at $1.27 a share (the Common Stock closed at $1.18 a share
on Friday). |