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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

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

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>FORM 8-K</B></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Pursuant to Section 13 or 15(d) of the</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Securities Exchange Act of 1934</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Date of report (Date of earliest event reported):&nbsp;February
23, 2012</B></P>

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>CYBERDEFENDER CORPORATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(Exact name of Company as specified in Charter)</B></P>

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

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    <TD STYLE="width: 32%; text-align: center; font-weight: bold">Delaware</TD>
    <TD STYLE="width: 2%; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 32%; text-align: center; font-weight: bold">333-138430</TD>
    <TD STYLE="width: 2%; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 32%; text-align: center; font-weight: bold">65-1205833</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center; font-weight: bold">(State&nbsp;or&nbsp;other&nbsp;jurisdiction&nbsp;of</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center; font-weight: bold">(Commission&nbsp;File&nbsp;No.)</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center; font-weight: bold">(IRS&nbsp;Employee&nbsp;Identification&nbsp;No.)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center; font-weight: bold">incorporation&nbsp;or&nbsp;organization)</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>617 West 7th Street, Suite 1000</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Los Angeles, California 90017</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;(Address of Principal Executive Offices)</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>213-689-8631</B></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the Company under any of the following provisions (see General
Instruction A.2 below).</P>

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

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&uml;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">Written communications pursuant to Rule 425
under the Securities Act (17 CFR 230.425)</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: left; text-indent: -0.25in">&nbsp;</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&uml;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">Soliciting material pursuant to Rule 14a-12
under the Exchange Act (17 CFR240.14a-12)</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: left; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&uml;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">Pre-commencement communications pursuant
to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)).</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: left; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font: 10pt Wingdings">&uml;</FONT></TD><TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">Pre-commencement communications pursuant
to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13(e)-4(c))</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: left; text-indent: -0.25in">&nbsp;</P>

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<TD STYLE="width: 0%"></TD><TD STYLE="width: 15%"><B>Item 1.01.</B></TD><TD STYLE="text-align: left; width: 85%"><B>Entry into a Material Definitive Agreement.</B></TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.5in">The following summary provides
only a brief description of the agreements and instruments described below. The summary is qualified in its entirety by the full
texts of the agreements and instruments.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">CyberDefender Corporation
(the &ldquo;Company&rdquo;) has been in discussions with GR Match, LLC (&ldquo;GRM&rdquo;), the Company&rsquo;s senior secured lender
and the provider of media purchasing, production, advertising and marketing services in connection with the Company&rsquo;s business,
regarding the Company&rsquo;s defaults under its existing loan agreements with GRM. As a result of the discussions, the Company
entered into an Asset Purchase Agreement with GRM or its designee (an acquisition company to be formed and designated by GRM) dated
as of February 23, 2012 (the &ldquo;APA&rdquo;) pursuant to which the Company has agreed, subject to the conditions set forth in
the APA, to sell substantially all of its assets to GRM in a sale conducted under the supervision of the United States Bankruptcy
Court for the District of Delaware (the &ldquo;Bankruptcy Court&rdquo;). As required by the Bankruptcy Code, the sale of the assets
to GRM will be subject to overbidding by other prospective purchasers pursuant to bidding procedures to be approved by the Bankruptcy
Court. A copy of the APA is attached as Exhibit 99.1 and incorporated herein by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 23pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">The assets to be acquired
pursuant to the APA include all assets, other than certain excluded assets, used in connection with the Company&rsquo;s business.
The consideration to be paid for the purchased assets, subject to certain adjustments, consists of: (i) a credit bid by GRM in
the aggregate principal amount of $12 million relating to debtor-in-possession financing to be provided by GRM and two prepetition
loans provided by GRM and a release by GRM of certain claims against the Company; (ii) the cancellation of all of GRM&rsquo;s common
stock and warrants in the Company; and (iii) $250,000. The sale of assets is subject to a number of terms and conditions, including
Bankruptcy Court approval. GRM is entitled to terminate the APA in certain circumstances, including: (i) upon the occurrence of
certain events of defaults by the Company; (ii) if certain orders of the Bankruptcy Court are not entered by dates specified in
the APA; and (iii) the Company accepts, in accordance with the bidding procedures, a bid submitted by a third party. In the event
of the closing of a transaction resulting from a bid submitted by a third party in accordance with the bidding procedures, GRM
is entitled to expense reimbursement not to exceed $500,000.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 23pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">As part of its discussions
with GRM, the Company, as of February 23, 2012, entered into a debtor-in-possession financing arrangement (the &ldquo;DIP Facility&rdquo;)
with GRM pursuant to which the Company may borrow up to $4.6 million to finance operations during its Chapter 11 proceedings. Indebtedness
incurred under the DIP Facility: (i) accrues interest at the rate of 8% per annum; (ii) matures on the earlier of (a) the closing
of the sale of assets or (b) June 15, 2012; and (iii) is secured by certain liens on substantially all of the Company&rsquo;s assets.
The DIP Facility is subject to a number of terms and conditions, including Bankruptcy Court approval. GRM is entitled to terminate
the DIP Facility upon the occurrence of certain events of defaults by the Company.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 15%"><B>Item 1.03.</B></TD><TD STYLE="text-align: left; width: 85%"><B>Bankruptcy or Receivership.</B></TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">On February 23, 2012, the
Company filed a voluntary Chapter 11 bankruptcy petition with the Bankruptcy Court. The proceeding has been assigned Case No. 12-10633.</P>

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

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

<P STYLE="text-indent: 0.5in; margin: 0; font-family: Times New Roman, Times, Serif; text-align: justify">The Company will continue its ordinary course
of business operations and will operate as a debtor-in-possession within the bankruptcy proceeding. The bankruptcy filing was necessitated
by the Company's inability to secure required new equity or debt financing. The Company hopes to use the protections provided by
the Chapter 11 process to <FONT STYLE="color: black">consummate the transactions contemplated by the APA</FONT>. The Company believes
that the Chapter 11 filing provides it with the best chance of preserving the value of its business assets and maximizing the return
to all of the stakeholders of the Company.</P>

<P STYLE="text-align: left; margin-top: 0; margin-bottom: 0; font-family: Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; margin-top: 0; margin-bottom: 0; font: 10pt Times New Roman, Times, Serif"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 15%"><B>Item 8.01.</B></TD><TD STYLE="text-align: left; width: 85%"><B>Other Events.</B></TD></TR></TABLE>

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

<P STYLE="text-align: left; text-indent: 0.5in; margin: 0; font-family: Times New Roman, Times, Serif">On February 23, 2012, the
Company issued a public announcement of the matters described in Items 1.01 and 1.03 above, a copy of which is attached as Exhibit
99.2 and incorporated herein by reference.</P>

<P STYLE="text-align: left; margin-top: 0; margin-bottom: 0; font-family: Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.5in">On February 27, 2012, the
Company filed with the United States Securities and Exchange Commission (&ldquo;SEC&rdquo;) an Application for Withdrawal of the
Company&rsquo;s Registration Statement on Form S-1 that was filed with the SEC on November 25, 2011, (Registration Number 333-178181),
as amended.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 15%"><B>Item 9.01</B></TD><TD STYLE="text-align: left; width: 85%"><B>Financial Statements and Exhibits.</B></TD></TR></TABLE>

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

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<TD STYLE="width: 15%"></TD><TD STYLE="width: 5%"><B>(d)</B></TD><TD STYLE="text-align: left; width: 80%"><B>Exhibits.</B></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 15%"></TD><TD STYLE="width: 15%">Exhibit 99.1</TD><TD STYLE="text-align: left; width: 70%">Asset Purchase Agreement.</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 15%"></TD><TD STYLE="width: 15%">Exhibit 99.2</TD><TD STYLE="text-align: left; width: 70%">Public Announcement Issued February 23, 2012.</TD></TR></TABLE>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">Dated:&nbsp;&nbsp;February 27, 2012</P>

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

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<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: left">CYBERDEFENDER CORPORATION</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; text-align: left">&nbsp;</TD>
    <TD STYLE="width: 5%; text-align: left">&nbsp;</TD>
    <TD STYLE="width: 45%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">By:</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; text-align: left">/s/ Kevin Harris</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">Kevin Harris, Interim Chief Executive Officer, <BR>
Chief Financial Officer and Secretary</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

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{"company-data": {"conformed-name": "CYBERDEFENDER CORP", "cik": "0001377720", "assigned-sic": "7372", "irs-number": "651205833", "state-of-incorporation": "CA", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-34764", "film-number": "12640932"}, "business-address": {"street1": "617 WEST 7TH STREET", "street2": "SUITE 1000", "city": "LOS ANGELES", "state": "CA", "zip": "90017", "phone": "213-689-8631"}, "mail-address": {"street1": "617 WEST 7TH STREET", "street2": "SUITE 1000", "city": "LOS ANGELES", "state": "CA", "zip": "90017"}}
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): February
23, 2012
CYBERDEFENDER CORPORATION
(Exact name of Company as specified in Charter)
Delaware
333-138430
65-1205833
(State or other jurisdiction of
(Commission File No.)
(IRS Employee Identification No.)
incorporation or organization)
617 West 7th Street, Suite 1000
Los Angeles, California 90017
(Address of Principal Executive Offices)
213-689-8631
(Issuer Telephone number)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the Company 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 CFR240.14a-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 240.13(e)-4(c))
Item 1.01.
Entry into a Material Definitive Agreement.
The following summary provides
only a brief description of the agreements and instruments described below. The summary is qualified in its entirety by the full
texts of the agreements and instruments.
CyberDefender Corporation
(the "Company") has been in discussions with GR Match, LLC ("GRM"), the Company's senior secured lender
and the provider of media purchasing, production, advertising and marketing services in connection with the Company's business,
regarding the Company's defaults under its existing loan agreements with GRM. As a result of the discussions, the Company
entered into an Asset Purchase Agreement with GRM or its designee (an acquisition company to be formed and designated by GRM) dated
as of February 23, 2012 (the "APA") pursuant to which the Company has agreed, subject to the conditions set forth in
the APA, to sell substantially all of its assets to GRM in a sale conducted under the supervision of the United States Bankruptcy
Court for the District of Delaware (the "Bankruptcy Court"). As required by the Bankruptcy Code, the sale of the assets
to GRM will be subject to overbidding by other prospective purchasers pursuant to bidding procedures to be approved by the Bankruptcy
Court. A copy of the APA is attached as Exhibit 99.1 and incorporated herein by reference.
The assets to be acquired
pursuant to the APA include all assets, other than certain excluded assets, used in connection with the Company's business.
The consideration to be paid for the purchased assets, subject to certain adjustments, consists of: (i) a credit bid by GRM in
the aggregate principal amount of $12 million relating to debtor-in-possession financing to be provided by GRM and two prepetition
loans provided by GRM and a release by GRM of certain claims against the Company; (ii) the cancellation of all of GRM's common
stock and warrants in the Company; and (iii) $250,000. The sale of assets is subject to a number of terms and conditions, including
Bankruptcy Court approval. GRM is entitled to terminate the APA in certain circumstances, including: (i) upon the occurrence of
certain events of defaults by the Company; (ii) if certain orders of the Bankruptcy Court are not entered by dates specified in
the APA; and (iii) the Company accepts, in accordance with the bidding procedures, a bid submitted by a third party. In the event
of the closing of a transaction resulting from a bid submitted by a third party in accordance with the bidding procedures, GRM
is entitled to expense reimbursement not to exceed $500,000.
As part of its discussions
with GRM, the Company, as of February 23, 2012, entered into a debtor-in-possession financing arrangement (the "DIP Facility")
with GRM pursuant to which the Company may borrow up to $4.6 million to finance operations during its Chapter 11 proceedings. Indebtedness
incurred under the DIP Facility: (i) accrues interest at the rate of 8% per annum; (ii) matures on the earlier of (a) the closing
of the sale of assets or (b) June 15, 2012; and (iii) is secured by certain liens on substantially all of the Company's assets.
The DIP Facility is subject to a number of terms and conditions, including Bankruptcy Court approval. GRM is entitled to terminate
the DIP Facility upon the occurrence of certain events of defaults by the Company.
Item 1.03.
Bankruptcy or Receivership.
On February 23, 2012, the
Company filed a voluntary Chapter 11 bankruptcy petition with the Bankruptcy Court. The proceeding has been assigned Case No. 12-10633.
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The Company will continue its ordinary course
of business operations and will operate as a debtor-in-possession within the bankruptcy proceeding. The bankruptcy filing was necessitated
by the Company's inability to secure required new equity or debt financing. The Company hopes to use the protections provided by
the Chapter 11 process to
consummate the transactions contemplated by the APA
. The Company believes
that the Chapter 11 filing provides it with the best chance of preserving the value of its business assets and maximizing the return
to all of the stakeholders of the Company.
Item 8.01.
Other Events.
On February 23, 2012, the
Company issued a public announcement of the matters described in Items 1.01 and 1.03 above, a copy of which is attached as Exhibit
99.2 and incorporated herein by reference.
On February 27, 2012, the
Company filed with the United States Securities and Exchange Commission ("SEC") an Application for Withdrawal of the
Company's Registration Statement on Form S-1 that was filed with the SEC on November 25, 2011, (Registration Number 333-178181),
as amended.
Item 9.01
Financial Statements and Exhibits.
(d)
Exhibits.
Exhibit 99.1
Asset Purchase Agreement.
Exhibit 99.2
Public Announcement Issued February 23, 2012.
SIGNATURES
Dated:  February 27, 2012
CYBERDEFENDER CORPORATION
By:
/s/ Kevin Harris
Kevin Harris, Interim Chief Executive Officer,
Chief Financial Officer and Secretary
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