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) December 14, 2007
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ACORN FACTOR, INC.
(Exact name of Registrant as Specified in its Charter)
Delaware 0-19771 22-2786081
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(State or Other Jurisdiction (Commission file Number) (IRS Employer
of Incorporation) Identification No.)
4 West Rockland Road, Montchanin, DE 19710
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (302) 656-1708
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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:
|_| Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
|_| Soliciting material pursuant to Rule 14a-2 under the Exchange Act (17 CFR
240.14a-2)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
Section 2 - Financial Information
Section 8 - Other Events
Item 2.01 Completion of Acquisition or Disposition of Assets.
Item 8.01 Other Events.
On December 14, 2007, Acorn Factor, Inc. (the "Company") announced the
completion of the sale of a portion of its equity stake in Comverge, Inc. as
part of an underwritten follow-on public offering of Comverge stock by Comverge
and certain selling stockholders. The press release is attached as Exhibit 99.1.
As disclosed in the release, the Company used a portion of the proceeds to
repay the loan which the Company took at the time of its purchase of SCR-Tech in
November 2007 in the amount of $14 million.
Section 9 - Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description
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99.1 Press Release dated December 14, 2007
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 on this 19th day of December, 2007.
ACORN FACTOR, INC.
By: /s/ Sheldon Krause
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Name: Sheldon Krause
Title: Secretary and General Counsel