-----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, J++/xwXMydtWRIC2pDjAjsa3JwclG6IFlqbsdFB78AOcJz6F7NAj4HUKPQxQwsxd QExlN/l+wLFNDbHq0WG29Q== 0000950123-09-040126.txt : 20090901 0000950123-09-040126.hdr.sgml : 20090901 20090901153636 ACCESSION NUMBER: 0000950123-09-040126 CONFORMED SUBMISSION TYPE: 424B2 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20090901 DATE AS OF CHANGE: 20090901 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DIGITAL ANGEL CORP CENTRAL INDEX KEY: 0000924642 STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATIONS EQUIPMENT, NEC [3669] IRS NUMBER: 431641533 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B2 SEC ACT: 1933 Act SEC FILE NUMBER: 333-159880 FILM NUMBER: 091048541 BUSINESS ADDRESS: STREET 1: 490 VILLAUME AVENUE CITY: SOUTH SAINT PAUL STATE: MN ZIP: 55075 BUSINESS PHONE: 651-455-1621 MAIL ADDRESS: STREET 1: 490 VILLAUME AVENUE CITY: SOUTH SAINT PAUL STATE: MN ZIP: 55075 FORMER COMPANY: FORMER CONFORMED NAME: APPLIED DIGITAL SOLUTIONS INC DATE OF NAME CHANGE: 19990723 FORMER COMPANY: FORMER CONFORMED NAME: APPLIED CELLULAR TECHNOLOGY INC DATE OF NAME CHANGE: 19940606 424B2 1 c53422e424b2.htm 424B2 e424b2
Prospectus Supplement No. 7   Filed pursuant to Rule 424(b)(2)
(Prospectus Supplement No. 1 dated July 16, 2009
and Prospectus dated July 8, 2009) 		  Registration Statement No. 333-159880
DIGITAL ANGEL CORPORATION

95,742 Shares of Common Stock
          Pursuant to this prospectus supplement, the accompanying prospectus supplement and the accompanying base prospectus, we are offering 95,742 shares of common stock to YA Global Master SPV Ltd., or YA Global, at a price of approximately $1.04 per share, pursuant to our previously announced Standby Equity Purchase Agreement, or SEDA, dated July 10, 2009 with YA Global. The shares are being issued as part of the commitment by YA Global to purchase from time to time, at our option, up to $5,000,000 of shares of our common stock pursuant to the SEDA as described in Prospectus Supplement No. 1. We expect to issue the shares to YA Global on or about September 1, 2009. This issuance is pursuant to an advance notice where both parties agreed to a onetime request to exceed the amount permissible under the terms of the SEDA.
          In addition to our issuance of common shares to YA Global pursuant to the SEDA, this prospectus supplement, the accompanying prospectus supplement and the accompanying prospectus also cover the resale of those shares by YA Global to the public. YA Global may be deemed to be an “underwriter” within the meaning of the Securities Act of 1933, as amended.
          Our common stock is quoted on the Nasdaq Capital Market under the symbol “DIGA.” On August 31, 2009, the last reported sale price of our common stock on the Nasdaq Capital Market was $1.05 per share. After giving effect to the issuance of the shares described in this prospectus supplement, YA Global has purchased an aggregate of 368,176 shares of our common stock under the SEDA and received 87,788 shares to pay the SEDA commitment fee. We have offered only these securities pursuant to General Instruction I.B.6. of Form S-3 during the prior 12 calendar month period.
Investing in our securities involves a high degree of risk.
See “Risk Factors” beginning on page S-3 of the accompanying prospectus supplement.
          Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or passed upon the adequacy or accuracy of this prospectus supplement or the accompanying base prospectus. Any representation to the contrary is a criminal offense.
The date of this prospectus supplement is September 1, 2009.

 

 

THE OFFERING
     
Securities offered
  95,742 shares of common stock of Digital Angel Corporation.
 
    
Purchaser
  YA Global Master SPV Ltd., pursuant to the Standby Equity Distribution Agreement dated July 10, 2009.
 
    
Purchase price
  $100,000 
 
    
Settlement date
  On or about September 1, 2009.
 
    
Use of proceeds
  We intend to use the net proceeds from this offering for working capital and other general corporate purposes. See “Use of Proceeds” in the accompanying prospectus supplement.
 
    
Nasdaq Capital Market Symbol for our common stock
  DIGA
 
    
Resale
  This prospectus supplement, the accompanying prospectus supplement and the accompanying prospectus also cover the resale of shares by YA Global to the public. See “Plan of Distribution” in the accompanying prospectus supplement.

 

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