UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Date of Report: APRIL 14, 2005
SPACEDEV, INC.
(Exact Name of Registrant as Specified in Charter)
COLORADO 000-28947 84-1374613
(State or Other Jurisdiction (Commission File (I.R.S. Employer
of Incorporation) Number) Identification Number)
13855 STOWE DRIVE
POWAY, CALIFORNIA 92064
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (858) 375-2030
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 Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
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Item 1.01 Entry into a Material Definitive Agreement
Effective April 14, 2005, SpaceDev, Inc. has entered into a 16-month lease to
expand its fabrication and test facilities. This additional SpaceDev facility
will also be located in Poway, California. It will add approximately 11,000
square feet of fabrication space and cost the Company approximately $107,000
over the term of the lease. SpaceDev plans to use the new facilities to begin
construction of portable, high tech rocket motor test support equipment in
anticipation of test firing new rocket motors being developed for its low-cost
expendable small launch vehicle, SpaceDev Streaker(TM). Under an Air Force
Research Laboratory contract announced last October, SpaceDev has designed and
will begin development of the SpaceDev Streaker(TM) hybrid upper stage rocket
motor.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits.
Sublease with Gateway and SpaceDev Dated March 31, 2005. . . . . . . . . . . . . . . . . 10.1
Consent to Sublease with Gateway and SpaceDev Dated April 1, 2005, signed April 14, 2005 10.2
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.
Dated as of April 14, 2005
SPACEDEV, INC.
By: /s/ Richard B. Slansky
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Richard B. Slansky
President &
Chief Financial Officer