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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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F O R M 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE
SECURITIES EXCHANGE ACT OF 1934
For the month of January 2005
ATTUNITY LTD
(Name of Registrant)
Einstein Building, Tirat Carmel, Haifa, Israel 39101
(Address of Principal Executive Office)
Indicate by check mark whether the registrant files or will
file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [X] Form 40-F [ ]
Indicate by check mark if the registrant is submitting the
Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [ ]
Indicate by check mark if the registrant is submitting the
Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [ ]
Indicate by check mark whether by furnishing the information
contained in this Form, the registrant is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under the Securities
Exchange Act of 1934.
Yes [ ] No [X]
If "Yes" is marked, indicate below the file number assigned to
the registrant in connection with Rule 12g3-2(b): 82-___________
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ATTUNITY LTD
6-K Items
Item 1. Description of Transaction Resulting in Proforma Adjustment
On January 24, 2005, Attunity Ltd entered into a Securities Purchase
Agreement ("SPA") for the sale of 727,272 of its ordinary shares and three year
warrants to purchase 290,909 ordinary shares at $2.75 per share to new investors
for $2 million at a purchase price of $2.75 per share.
Proforma December 31, 2004 Condensed Balance Sheets
Presented below are the following balance sheets:
1. Unaudited condensed balance sheet as at December 31, 2004
2. Unaudited condensed balance sheet as at December 31, 2004 on a pro
forma, as adjusted basis, to give effect to the SPA transaction. The as adjusted
numbers reflect the private placement of 727,272 ordinary shares of the Company
having aggregate net proceeds of $1,950,000.
ATTUNITY LTD
UNAUDITED CONSOLIDATED BALANCE SHEETS
(in thousands)
December 31, December 31,
2004 2004
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ASSETS Pro forma
As adjusted
Current Assets
Cash and Cash Equivalents $1,602 $ 3,552
Restricted Cash 73 73
Short-Term Deposits 115 115
Trade Receivables, net 2,667 2,667
Severance Pay Fund 249 249
Other Receivables 1,146 1,146
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Total Current Assets 5,852 7,802
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LONG TERM PREPAID EXPENSES 123 123
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SEVERANCE PAY FUND 698 698
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PROPERTY AND EQUIPMENT, NET 841 841
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SOFTWARE DEVELOPMENT COSTS, NET 4,213 4,213
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GOODWILL 6,200 6,200
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DEFERRED EXPENSES, NET 216 216
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$18,143 $20,093
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LIABILITIES AND SHAREHOLDER EQUITY
CURRENT LIABILITIES
Current Maturities of Long-Term Loans $ 70 $ 70
Trade Payables 754 754
Deferred Revenues 2,298 2,298
Employee and Payroll Accruals 1,490 1,490
Accrued Severance Pay 285 285
Accrued Expenses and other Liabilities 2,227 2,227
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Total Current Liabilities 7,124 7,124
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LONG-TERM LIABILITIES
Convertible Debt 277 277
Long Term Debt 62 62
Accrued Severance Pay 1,008 1,008
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Total Long-Term Liabilities 1,347 1,347
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SHAREHOLDERS' EQUITY
Share Capital 539 556
Additional Paid-In Capital 89,618 91,551
Accumulated Other Comprehensive Loss (148) (148)
Accumulated Deficit (80,337) (80,337)
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Total Shareholder's Equity 9,672 11,622
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$18,143 $20,093
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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, thereunto duly authorized.
ATTUNITY LTD
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(Registrant)
By: /s/Ofer Segev
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Ofer Segev
Chief Financial Officer
Date: January 31, 2005