UNITED STATES
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): | March 15, 2006 |
HyperFeed Technologies, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)
Delaware | 0-13093 | 36-3131704 |
_____________________ (State or other jurisdiction |
_____________ (Commission |
______________ (I.R.S. Employer |
of incorporation) | File Number) | Identification No.) |
300 South Wacker Drive, Suite 300, Chicago, Illinois | 60606 | |
_________________________________ (Address of principal executive offices) |
___________ (Zip Code) |
Registrants telephone number, including area code: | 312-913-2800 |
Not Applicable
______________________________________________
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 under the Exchange Act (17 CFR 240.14a-12)
[ ] 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))
Item 1.01 Entry into a Material Definitive Agreement.
The information provided under Item 2.03 below is incorporated by reference under this Item 1.01.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
On March 15, 2006, the Registrant issued a Promissory Note to PICO Holdings, Inc. ("PICO") in the amount of $4,160,000 at an interest rate of 7.0% per annum. The Registrant borrowed an additional $850,000 under the Promissory Note. The principal sum borrowed under the February 15, 2006 Promissory Note and this March 15, 2006 Promissory Note totals $4,160,000. The February 15, 2006 Promissory Note was cancelled. The entire unpaid principal balance and related interest under the March 15, 2006 Promissory Note shall be due and payable not later than April 30, 2006. PICO owns 80.1% of the Registrant’s common stock.
Item 9.01 Financial Statements and Exhibits.
(a) Not applicable
(b) Not applicable
(c) Not applicable
(d) Exhibits
Exhibit 10.4 – Promissory Note, dated March 15, 2006
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
HyperFeed Technologies, Inc. | ||||
March 16, 2006 | By: |
Gemma Lahera
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Name: Gemma Lahera | ||||
Title: Principal Accounting Officer and Treasurer |
Exhibit Index
Exhibit No. | Description | |
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10.4
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Promissory Note, dated March 15, 2006 |