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): January 19, 2009

DIGITAL ANGEL CORPORATION
(Exact name of registrant as specified in its charter)

         
DELAWARE   0-26020   43-1641533
(State or other Jurisdiction of Incorporation)   (Commission File Number)   (IRS Employer Identification No.)
     
490 VILLAUME AVENUE
SOUTH SAINT PAUL, MINNESOTA
  55075
(Address of Principal Executive Offices)   (Zip Code)

Registrant’s telephone number, including area code: 651-455-1621

 
 
(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:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
 

 

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Section 3 – Securities and Trading Markets

Item 3.02 Unregistered Sales of Equity Securities.

On January 19, 2009, several directors of Digital Angel Corporation (the “Company”) agreed to purchase an aggregate of 255,000 shares of the Company’s common stock in exchange for an aggregate of $127,500 in cash in accordance with the terms of a Private Placement. The purchase price of the shares was $0.50 per share, based on the closing price of the Company’s common stock on the prior business day, which was January 16, 2009. The sales were closed on January 20, 2009. The shares of common stock were sold to the directors in a transaction exempt from registration under Section 4(2) of the Securities Act of 1933, as amended, and Rule 506 promulgated thereunder.

 

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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.

DIGITAL ANGEL CORPORATION

Date: January 21, 2009

By: / s/ Lorraine M. Breece                         
Name: Lorraine M. Breece
Title: Senior Vice President and
Chief Financial Officer

 

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