------------------------------------- OMB APPROVAL ------------------------------------- OMB Number: 3235-0060 Expires: March 31, 2006 Estimated average burden hours per response............2.64 ------------------------------------- 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): July 7, 2005 ------------ COURTSIDE ACQUISITION CORP. --------------------------- (Exact Name of Registrant as Specified in Charter) Delaware 001-32549 20-2521288 ------------------------------ --------------------- ------------------------- (State or Other Jurisdiction (Commission (IRS Employer of Incorporation) File Number) Identification No.) 1700 Broadway, 17th Floor, New York, New York 10019 --------------------------------------------------------- -------------- (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: (212) 641-5000 -------------- 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 (see General Instruction A.2. below): | | 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)) ITEM 8.01. OTHER EVENTS On July 7, 2005, Courtside Acquisition Corp. (the "Company") consummated its initial public offering ("IPO") of 12,000,000 Units. On July 11, 2005, the Company consummated the closing of the 1,800,000 Units which were subject to the underwriters' over-allotment option. Each Unit sold in the IPO consisted of one share of common stock, $.0001 par value per share, and two warrants, each to purchase one share of the Company's common stock. The 13,800,000 Units sold in the IPO, including the 1,800,000 Units subject to the underwriters' over-allotment option, were sold at an offering price of $6.00 per Unit, generating total gross proceeds of $82,800,000. Of this amount, $73,764,000 (or approximately $5.35 per share) was placed in trust. ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS (c) Exhibits: Exhibit 99.1 Press release dated July 11, 2005 SIGNATURE 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: July 11, 2005 COURTSIDE ACQUISITION CORP. By: /s/ Richard D. Goldstein ------------------------ Richard D. Goldstein Chief Executive Officer