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):  September 26, 2008

 

TUCOWS INC.

(Exact Name of Registrant Specified in Charter)

 

Pennsylvania

 

0-28284

 

23-2707366

(State or Other

 

(Commission File

 

(IRS Employer

Jurisdiction of

 

Number)

 

Identification No.)

Incorporation)

 

 

 

 

 

 

 

96 Mowat Avenue, Toronto, Ontario, Canada

 

M6K 3M1

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code:  (416) 535-0123

 

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:

 

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))

 

 

 


 

Item 8.01.  Other Events.

 

On September 26, 2008, as part of Tucows Inc.’s (the “Registrant’s”) previously announced strategy to divest of non-strategic assets, Tucows.com Co. (“Tucows.com”), a wholly-owned subsidiary of the Registrant, entered into a definitive agreement with an undisclosed purchaser to acquire Tucows.com’s remaining 10,000 web hosting end-user websites and customers for $990,930.12.  The Registrant expects the transaction to close on or around September 30, 2008 (the “Closing Date”). The purchase price is payable in cash, $941,383.61 on the Closing Date and $49,546.51 within 25 business days of the Closing Date.

 

The Registrant expects that the proceeds from the transaction will facilitate the commencement of the Registrant’s previously announced stock repurchase program.

 

2


 

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.

 

 

 

TUCOWS INC.

 

 

 

 

 

 

By:

    /s/ Michael Cooperman

 

 

Michael Cooperman

 

 

Chief Financial Officer

 

 

Dated: September 30, 2008