UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 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): July 10, 2007 (June 29,
2007)
Commission
file number: 0-22773
NETSOL
TECHNOLOGIES, INC.
(Exact
name of small business issuer as specified in its charter)
|
NEVADA
|
|
95-4627685
|
|
(State
or other Jurisdiction
of
|
|
(I.R.S.
Employer NO.)
|
|
Incorporation
or Organization)
|
|
|
23901
Calabasas Road, Suite 2072, Calabasas, CA 91302
(Address
of principal executive offices) (Zip Code)
(818)
222-9195 / (818) 222-9197
(Issuer's
telephone/facsimile numbers, including area code)
Item
3.02 Unregistered Sale of Equity Securities.
On
June
29, 2007, NetSol Technologies, Inc. entered into an agreement to sell a total
of
606,061 shares of common stock and 303,030 warrants to acquire shares of
common
stock to The Tail Wind Fund Ltd., a non-U.S. resident investor, and 151,515
shares of NetSol common stock of and 75,756 warrants to acquire shares of
NetSol
common stock to Solomon Strategic Holdings, Inc., a non-U.S. resident investor,
for the total offering price of $1,250,000 with a per share price of $1.65.
The
warrants are exercisable for a period of 5 years from the earlier of June
29,
2008 and the registration of the common stock underlying the warrants and
have a
current exercise price of $1.65 per share.
SIGNATURES
In
accordance with the requirements of the Exchange Act, the registrant caused
this
report to be signed on its behalf by the undersigned, thereunto duly
authorized.
NETSOL
TECHNOLOGIES, INC.
| |
|
|
| Date: July
10, 2007 |
|
/s/ Najeeb
Ghauri |
| |
NAJEEB
GHAURI |
| |
Chief
Executive Officer |
| |
|
| |
|
| Date: July
10, 2007 |
/s/ Tina Gilger |
| |
TINA
GILGER |
| |
Chief Financial Officer |