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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">_____________________</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>_____________________</B></P>

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<P STYLE="font: normal 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CURRENT REPORT PURSUANT TO SECTION
13 OR 15(d) OF THE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES EXCHANGE ACT OF 1934</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Commission
File No.: </B></FONT><B>0-28887</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Date of Report: June 6, 2012</B></P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
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    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; text-align: center">&nbsp;</TD></TR>
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    <TD COLSPAN="2" STYLE="border-bottom: windowtext 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; font-size: 18pt; font-weight: bold; text-align: center">CARBONICS CAPITAL corporation</TD></TR>
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    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; text-align: center">(Exact name of registrant as specified in its charter)</TD></TR>
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    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; text-align: justify">&nbsp;</TD></TR>
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    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; text-align: justify">&nbsp;</TD></TR>
<TR>
    <TD STYLE="width: 50%; vertical-align: top; border-bottom: windowtext 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; font-weight: bold">&nbsp;Delaware</TD>
    <TD STYLE="width: 50%; vertical-align: bottom; border-bottom: windowtext 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; font-weight: bold; text-align: right">22-3328734</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; text-align: justify">&nbsp;(State of other jurisdiction of </TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; text-align: right">(IRS Employer</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; text-align: justify">incorporation or organization)</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; text-align: right">Identification No.)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; text-align: justify">&nbsp;</TD></TR>
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    <TD STYLE="border-bottom: windowtext 1pt solid; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; font-weight: bold; text-align: justify"><B>100 Overlook Center, 2<SUP>nd</SUP> Floor </B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; font-weight: bold; text-align: right">08540&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; text-align: justify">(Address of principal executive offices)&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; text-align: right">(Zip Code)</TD></TR>
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    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; text-align: justify">&nbsp;</TD></TR>
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    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; text-align: justify">&nbsp;</TD></TR>
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    <TD COLSPAN="2" STYLE="border-bottom: windowtext 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; font-weight: bold; text-align: center">(609) 498-7029</TD></TR>
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    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; text-align: center">(Registrant&rsquo;s telephone number including area code)</TD></TR>
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    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-autospace: none; text-align: justify">&nbsp;</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">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:</P>

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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>

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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>

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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Wingdings">&#168;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT>
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -1in"><B>Item 1.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Entry into a Material
Definitive Agreement</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On May 31, 2012 Carbonics Capital Corporation,
a Delaware corporation (&ldquo;<U>Carbonics</U>&rdquo;) issued to YA Global Investments, L.P., a Cayman Islands limited partnership
(&ldquo;<U>YA Global</U>&rdquo;) a Secured Convertible Debenture dated May 31, 2012 in the principal amount of $200,000 (the &ldquo;<U>Debenture
CICS-11</U>&rdquo;). Debenture CICS-11 bears interest at the rate of 9% per annum, payable at maturity. The maturity date for payment
of Debenture CICS-11 is December 31, 2013. The holder of Debenture CICS-11 is entitled to convert the principal and accrued interest
on the debenture into common stock of Carbonics (the &ldquo;<U>Common Stock</U>&rdquo;) at a conversion rate initially equal to
(a) $0.003 (the &ldquo;<U>Fixed Conversion Price</U>&rdquo;), or (b) 90% of the lowest daily volume-weighted average price of the
Common Stock (&ldquo;<U>VWAP</U>&rdquo;) during the 10 consecutive trading days immediately preceding the conversion date or other
date of determination, subject to adjustment as provided for in the debenture. The shares of Common Stock into which Debenture
CICS-11 may be converted will not be registered for resale and shall be subject to the rights and restrictions of Rule 144.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">In addition,
on May 31, 2012, Carbonics also entered into an agreement with YA Global, dated May 31, 2012 (the &ldquo;<U>Debenture Purchase
Agreement Amendment</U>&rdquo;), pursuant to which the parties amended the terms of that certain agreement dated December 6, 2011
between Carbonics and YA Global which </FONT>provided for, among other things, the issuance of a number of Series C Convertible
Debentures, including a second Series C Convertible Debenture in the face amount of $160,000 referred to therein as the &ldquo;Second
Funding<FONT STYLE="font-size: 10pt"> (the &ldquo;<U>Debenture Purchase Agreement</U>&rdquo;). </FONT>The Debenture Purchase Agreement
Amendment increased the amount of the Second Funding from $160,000 to $200,000, which resulted in the issuance of Debenture CICS-11.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The foregoing descriptions of Debenture
CICS-11 and the Debenture Purchase Agreement Amendment do not purport to be complete and are qualified in their entirety by reference
to the full text of such documents filed as Exhibits&nbsp;10.1 and 10.2 hereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 9.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements and Exhibits</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>Exhibits</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">10.1</TD><TD STYLE="text-align: justify">Secured Convertible Debenture dated May 31, 2012 in the principal amount of $200,000, with YA Global
Investments L.P. as the &ldquo;Holder&rdquo; thereunder and Carbonics Capital Corporation as the &ldquo;Company&rdquo; thereunder.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">10.2</TD><TD STYLE="text-align: justify">Agreement dated May 31, 2012 entered into by and between Carbonics Capital Corporation and
YA Global Investments L.P. amending the Debenture Purchase Agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">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 thereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TR>
    <TD STYLE="vertical-align: top">Dated: June 6, 2012&nbsp;</TD>
    <TD COLSPAN="2"><B>CARBONICS CAPITAL CORPORATION</B></TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; width: 50%">&nbsp;</TD>
    <TD STYLE="width: 4%">By:&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 46%"><I>/s/ Stephen J. Schoepfer</I></TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-top: #000000 1px solid">Stephen J. Schoepfer,
Chief Executive Officer</TD></TR>
</TABLE>

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{"company-data": {"conformed-name": "CARBONICS CAPITAL CORP", "cik": "0001102414", "assigned-sic": "2860", "irs-number": "223328734", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-28887", "film-number": "12892796"}, "business-address": {"street1": "ONE PENN PLAZA", "street2": "SUITE 1612", "city": "NEW YORK", "state": "NY", "zip": "10119", "phone": "(212) 994-5374"}, "mail-address": {"street1": "ONE PENN PLAZA", "street2": "SUITE 1612", "city": "NEW YORK", "state": "NY", "zip": "10119"}, "former-company": [{"former-conformed-name": "GREENSHIFT CORP", "date-changed": "20050517"}, {"former-conformed-name": "GREENWORKS CORP", "date-changed": "20041228"}, {"former-conformed-name": "TELCO TECHNOLOGY INC", "date-changed": "20000104"}]}
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
Commission
File No.:
0-28887
Date of Report: June 6, 2012
CARBONICS CAPITAL corporation
(Exact name of registrant as specified in its charter)
Delaware
22-3328734
(State of other jurisdiction of
(IRS Employer
incorporation or organization)
Identification No.)
100 Overlook Center, 2
nd
Floor
08540
(Address of principal executive offices)
(Zip Code)
(609) 498-7029
(Registrant's telephone number including area code)
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))
Item 1.01          Entry into a Material
Definitive Agreement
On May 31, 2012 Carbonics Capital Corporation,
a Delaware corporation ("
Carbonics
") issued to YA Global Investments, L.P., a Cayman Islands limited partnership
("
YA Global
") a Secured Convertible Debenture dated May 31, 2012 in the principal amount of $200,000 (the "
Debenture
CICS-11
"). Debenture CICS-11 bears interest at the rate of 9% per annum, payable at maturity. The maturity date for payment
of Debenture CICS-11 is December 31, 2013. The holder of Debenture CICS-11 is entitled to convert the principal and accrued interest
on the debenture into common stock of Carbonics (the "
Common Stock
") at a conversion rate initially equal to
(a) $0.003 (the "
Fixed Conversion Price
"), or (b) 90% of the lowest daily volume-weighted average price of the
Common Stock ("
VWAP
") during the 10 consecutive trading days immediately preceding the conversion date or other
date of determination, subject to adjustment as provided for in the debenture. The shares of Common Stock into which Debenture
CICS-11 may be converted will not be registered for resale and shall be subject to the rights and restrictions of Rule 144.
In addition,
on May 31, 2012, Carbonics also entered into an agreement with YA Global, dated May 31, 2012 (the "
Debenture Purchase
Agreement Amendment
"), pursuant to which the parties amended the terms of that certain agreement dated December 6, 2011
between Carbonics and YA Global which
provided for, among other things, the issuance of a number of Series C Convertible
Debentures, including a second Series C Convertible Debenture in the face amount of $160,000 referred to therein as the "Second
Funding
(the "
Debenture Purchase Agreement
").
The Debenture Purchase Agreement
Amendment increased the amount of the Second Funding from $160,000 to $200,000, which resulted in the issuance of Debenture CICS-11.
The foregoing descriptions of Debenture
CICS-11 and the Debenture Purchase Agreement Amendment do not purport to be complete and are qualified in their entirety by reference
to the full text of such documents filed as Exhibits 10.1 and 10.2 hereto.
Item 9.01          Financial Statements and Exhibits
Exhibits
10.1
Secured Convertible Debenture dated May 31, 2012 in the principal amount of $200,000, with YA Global
Investments L.P. as the "Holder" thereunder and Carbonics Capital Corporation as the "Company" thereunder.
10.2
Agreement dated May 31, 2012 entered into by and between Carbonics Capital Corporation and
YA Global Investments L.P. amending the Debenture Purchase Agreement.
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 thereunto duly authorized.
Dated: June 6, 2012
CARBONICS CAPITAL CORPORATION
By:
/s/ Stephen J. Schoepfer
Stephen J. Schoepfer,
Chief Executive Officer