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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): December 1, 2003
INNOVO GROUP INC.
(Exact Name of Registrant as Specified in Charter)
Delaware 0-18926 11-2928178
(State or Other Jurisdiction of (Commission (IRS Employer
Incorporation) File Number) Identification No.)
5804 E. Slauson Avenue, Commerce, California 90040
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (323) 725-5516
5900 S. Eastern Ave., Suite 124, Commerce, California 90040
(Former name or former address, if changed since last report)
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ITEM 5. Other Events and Required FD Disclosure
On December 1, 2003, Innovo Group Inc. (the "Registrant") completed a
private placement to institutional and accredited investors of (i) 2,996,667
shares of its common stock at a purchase price of $3.00 per share and (ii)
warrants to purchase an additional 599,333 shares of its common stock at an
exercise price of $4.00 per share. The Registrant has agreed to file a
registration statement covering resales of these shares.
The foregoing matters are further described in a press release issued
by the Registrant on December 2, 2003, a copy of which is filed herewith as
Exhibit 99 and is incorporated herein by reference. The private placement by the
Registrant to the investors was made pursuant to Securities Purchase Agreements,
a form of which is filed herewith as Exhibit 4 and is incorporated herein by
reference.
ITEM 7. Financial Statements and Exhibits
(c) Exhibits
Exhibit
Number Description
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4 Form of Securities Purchase Agreement, dated December 1, 2003.
99 Press Release of Innovo Group Inc., dated December 2, 2003.
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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.
INNOVO GROUP INC.
(Registrant)
Date: December 2, 2003 /s/ Samuel Joseph Furrow, Jr.
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Name: Samuel Joseph Furrow, Jr.
Title: Chief Executive Officer and
Director
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EXHIBIT INDEX
Exhibit
Number Exhibit
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4 Form of Securities Purchase Agreement, dated December 1, 2003.
99 Press Release of Innovo Group Inc., dated December 2, 2003.
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