SEC 8-K Filing Summary: Segmentz, Inc.
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Segmentz, Inc. (not XPO, Inc.) on May 7, 2004. The registrant is incorporated in Delaware and maintains its principal executive offices in Tampa, Florida. The report discloses a material event occurring on the date of the report.
Key Financial Metrics
The filing details a capital raise event rather than operational financial performance.
- Gross Proceeds Raised: Approximately $10,700,000.
- Transaction Type: Private placement of securities.
- Investor Count: 27 accredited investors (all qualified institutional buyers).
- Regulatory Basis: Exemption from registration under Regulation D, Rule 506 of the Securities Act of 1933.
- Other Metrics: The filing text does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes
The primary material change is the increase in capital resulting from the private placement. There is no comparative period data provided in this specific filing to analyze changes in operational metrics versus prior periods.
Outlook, Risks, and Management Commentary
The filing includes a reference to a press release (Exhibit 99.1) but does not contain specific management commentary, forward-looking guidance, or a discussion of risks and contingencies within the text provided. The transaction was executed in accordance with federal securities regulations.
Key Facts for Investor Verification
- Verify the exact terms of the securities issued in the $10.7 million private placement (e.g., equity vs. debt, valuation, liquidation preferences).
- Confirm the identity of the 27 qualified institutional buyers involved in the transaction.
- Review the referenced Press Release (Exhibit 99.1) for details on the intended use of proceeds.
- Note the discrepancy between the requested company name (XPO, Inc.) and the actual registrant (Segmentz, Inc.).