Unassociated Document
 
 
 
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 28, 2010 (September 28, 2010)

 
HARRIS & HARRIS GROUP, INC.
(Exact name of registrant as specified in its charter)
         
New York
(State or other jurisdiction of
incorporation)
  
0-11576
(Commission File
Number)
  
13-3119827
(IRS Employer
Identification No.)
 
 
1450 Broadway
New York, New York 10018
(Address of principal executive offices and zip code)
 
(212) 582-0900
(Registrant’s telephone number, including area code)
 
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 28, 2010, Harris & Harris Group, Inc. (the “Company”) announced its first venture debt investment of $500,000 in GEO Semiconductor, Inc.  The round of venture debt financing was led by Montage Capital, LLC.  We received warrants as part of this venture debt financing.  This investment is part of the Company’s efforts to expand its core venture capital investments in equity of privately held and publicly traded small companies with debt securities that provide predictable cash flows and timelines for returns on investment.  In addition to providing venture debt financing, the Company continues to make equity-based venture capital investments in companies developing and integrating products enabled by nanotechnology and microsystems.

GEO Semiconductor develops high-performance, programmable video and geometry pixel processor solutions that enable correction of color and brightness uniformity issues in light-emitting diode and laser backlit displays and in correcting optical anomalies and non-uniformity issues in smartphone cameras.  GEO Semiconductor plans to use the proceeds to support current design wins for its chips and ongoing business development activities.

The Company’s press release is attached hereto as Exhibit 99.1.

Item 9.01.    Financial Statements and Exhibits.

 
(a)
Not applicable.

 
(b)
Not applicable.

 
(c)
Not applicable.

 
(d)
Exhibits.

Exhibit No.
  
Description
     
99.1
  
Press Release dated September 28, 2010
     

 
 
 


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.



Date:
September 28, 2010
HARRIS & HARRIS GROUP, INC.



By: /s/ Douglas W. Jamison
Douglas W. Jamison
Chief Executive Officer


 
 
 

EXHIBIT INDEX


Exhibit No.
  
Description
     
99.1
  
Press Release dated September 28, 2010