SEC Filing Summary: Access Integrated Technologies, Inc.
Business Context and Reporting Period
This Form 8-K was filed by Access Integrated Technologies, Inc. (not Cineverse Corp.) on June 7, 2004, reporting events occurring on June 4, 2004. The filing serves as a Regulation FD disclosure regarding a corporate financing event.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on the announcement of a capital raise.
Material Changes
The primary material change reported is the consummation of a private placement of securities on June 4, 2004. This transaction was conducted with a limited number of institutional and other accredited investors and was exempt from registration requirements under the Securities Act of 1933.
Guidance, Outlook, and Risks
The filing incorporates by reference a press release dated June 7, 2004 (Exhibit 99.1) for further details. The text of the 8-K itself does not contain specific management commentary, forward-looking guidance, risk factors, or contingencies beyond the description of the private placement.
Investor Verification Checklist
- Verify the exact number of shares issued and the price per share in the private placement.
- Confirm the total capital raised from the transaction.
- Review the full text of the June 7, 2004 press release (Exhibit 99.1) for use of proceeds.
- Check for any subsequent filings detailing the impact of this capital raise on the company's balance sheet.