Worldspace, Inc - Current report filing (8-K)

 

 

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): September 29, 2008

 

 

WORLDSPACE, INC.

(Exact Name of Registrant as Specified in Charter)

 

 

 

STATE OF DELAWARE		000-51466		52-1732881
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

 

8515 Georgia Avenue, Silver Spring, MD		20910
(Address of Principal Executive Offices)		(Zip Code)

[phone]

(Registrant’s telephone number, including area code)

 

(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(b) under the Exchange Act (17 CFR 240.14a-12(b))

 

¨	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))

 

 

 

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Item 7.01

Regulation FD Disclosure.

The forbearance agreements between the Company and each of the four holders (the “Holders”) of the Company’s amended and restated secured notes (the “Bridge Loan Notes”) and second amended and restated convertible notes (the “Convertible Notes”) expired on September 25, 2008. The Holders have not entered into a further forbearance agreement with the Company, and, although the Company and the Holders are continuing discussions, there can be no assurance that the Holders will continue to defer the exercise of remedies under their respective financing agreements with the Company.

The Company is continuing to seek new financing, but there can be no assurance that the Company will succeed in securing commitments for new financing, or that it will do so prior to the Holders seeking to exercise their remedies under their financing agreements.

 

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: September 29, 2008

 

WORLDSPACE, INC.
(Registrant)
By:		/s/ Donald J. Frickel
Name:		Donald J. Frickel
Title:		Executive Vice President, General Counsel and Secretary

 

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