Lightbridge, Inc. (Form: 8-K)  

 

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):   June 14, 2005

Lightbridge, Inc.
__________________________________________
(Exact name of registrant as specified in its charter)

     
Delaware 000-21319 04-3065140
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(State or other jurisdiction 		_____________
(Commission 		______________
(I.R.S. Employer
of incorporation) File Number) Identification No.)
      
30 Corporate Drive, Burlington, Massachusetts   01803
_________________________________
(Address of principal executive offices) 		  ___________
(Zip Code)
     
Registrant’s telephone number, including area code:   781-359-4000

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:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]  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))

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Item 2.01 Completion of Acquisition or Disposition of Assets.

On June 14, 2005, we announced we had completed the sale of the assets of our PrePay Intelligent Network Solutions business to VeriSign, Inc. for $17.45 million in cash plus the assumption of partner, client and certain vendor contracts. We have an agreement with VeriSign, Inc. under which VeriSign, Inc. can provide our authentication services to VeriSign’s or its customers’ end users.

The full text of our press release reporting the sale is attached as Exhibit 99.1 to this report and incorporated herein by reference.





Item 9.01 Financial Statements and Exhibits.

(b) Pro Forma Financial Information

We will file the pro forma financial statements required by this Item relative to our sale of our PrePay Intelligent Network Solutions business under cover of Form 8-K/A as soon as practicable, but not later than August 30, 2005.





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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.

         
    Lightbridge, Inc.
          
June 20, 2005   By:   Timothy C. O'Brien
       
        Name: Timothy C. O'Brien
        Title: Chief Financial Officer

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Exhibit Index


     
Exhibit No.   Description
 
10.1
  Asset Purchase Agreement dated as of April 25, 2005 by and between VeriSign, Inc. and the Company.
99.1
  Press Release dated June 14, 2005, entitled "Lightbridge Successfully Closes Sale of PrePay IN to VeriSign, Inc."