8-K 1 f8k_033007i302.htm HOST AMERICA CORPORATION FORM 8-K DATED MARCH 30, 2007 Host America Corporation Form 8-K dated March 30, 2007


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 30, 2007

Host America Corporation
(Exact name of registrant as specified in its charter)

Colorado
            
0-16196
                
06-1168423
(State or other jurisdiction
of incorporation)
           
Commission File Number
                 
IRS Employer
Identification Number
          
Two Broadway
Hamden, Connecticut
                                            
06518
(Address of principal executive offices)
                                        
(Zip Code)

Registrant's telephone number, including area code:  (203) 248-4100

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 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-14(c) under the Exchange Act (17 CFR 240.13e-4(c))
 






Section 3 - Securities and Trading Markets

Item 3.02 Unregistered Sales of Equity Securities

On March 30, 2007, Host America Corporation (the “Company”) closed the sale of 700,000 shares of common stock and 210,000 common stock purchase warrants to a limited number of accredited investors. The securities were sold at a price of $1.00 per share for aggregate proceeds to the Company of $700,000. The warrants are exercisable for a period of the later of five years or two years after the shares underlying the warrants are listed and registered for resale pursuant to an effective registration at an exercise price of $1.75 per share. The offer and sale of the common stock and warrants was conducted by the officers and directors of the Company who did not receive any commissions or special remuneration and by a NASD-licensed broker-dealer who received a sales commission of $19,375 and 19,375 warrants exercisable under the same terms as those warrants sold as part of the offering.

The securities were offered and sold pursuant to the exemption from registration provided under the Securities Act of 1933, as amended (the “Securities Act”), in reliance upon the exemption provided by Section 4(2) of the Securities Act and by Rule 506 of Regulation D promulgated thereunder. The securities may not be offered or sold in the United States in the absence of an effective registration statement or an exemption from the registration requirements under the Securities Act.  A standard “restricted” legend was placed on the securities.

This Current Report on Form 8-K is neither an offer to sell nor a solicitation of an offer to buy any of these securities.  The report is being filed pursuant to and in accordance with Rule 135c of the Securities Act.



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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.
 
   
             
HOST AMERICA CORPORATION
   
                
   
                        
                
   
Dated: March 30, 2007
                
By: /s/ Michael C. Malota
   
       Michael C. Malota
   
       Chief Financial Officer

 
 
 
 

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