| FORM 8-K: dELiAs, Inc FILES Current report
US Official News, February 18, 2014 Tuesday
dELiAs, Inc, Delaware, has filed FORM 8-K (Current report) with Securities and Exchange Commission on February 18, 2014 State or other Jurisdiction of Incorporation: Delaware Item 1.01. Entry into a Material Definitive Agreement On February 18, 2014, dELiA*s, Inc., a Delaware corporation (the “Company”), entered into a private placement Securities Purchase Agreement (the “Securities Purchase Agreement”) with certain of its officers, directors, existing stockholders and other accredited investors (the “Investors”), relating to the sale to such Investors of (i) 199,834 shares of the Company’s Series B Convertible Preferred Stock, par value $0.001 per share (the “Series B Preferred Stock”), for an aggregate purchase price of $19,983,400, and (ii) an aggregate of $24,116,600 in principal amount of the Company’s Secured Convertible Notes (the “Notes”), which Notes, subject to receipt of Stockholder Approval (as defined below), are mandatorily convertible into 241,166 shares of Series B Preferred Stock at a conversion price of $0.80 per share. Until the Stockholder Approval Date (as defined below), the proceeds from the sale of the Notes will be placed in an interest bearing account (the “Deposit Account”) and may not be used by the Company. The private placement is expected to close on or about February 18, 2014, subject to the satisfaction of customary closing conditions.