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<TITLE>Form 10-QSB Amendment No. 2</TITLE>
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<META NAME="date" CONTENT="04/10/2006">
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<P style="line-height:14pt; margin:0pt; font-size:12pt" align=center><B>UNITED STATES</B></P>
<P style="line-height:14pt; margin:0pt; font-size:12pt" align=center><B>SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. &nbsp;20549</B></P>
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<P style="line-height:14pt; margin:0pt; font-size:12pt" align=center><B>&nbsp;</B></P>
<P style="line-height:18pt; margin:0pt; font-size:16pt" align=center><B>FORM 8-K</B></P>
<P style="line-height:14pt; margin:0pt; font-size:12pt" align=center><B>&nbsp;</B></P>
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<P style="line-height:14pt; margin:0pt; font-size:12pt" align=center><B>CURRENT REPORT</B></P>
<P style="margin:0pt" align=center><BR></P>
<P style="line-height:14pt; margin:0pt; font-size:12pt" align=center><B>Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</B></P>
<P style="margin:0pt" align=center><BR></P>
<P style="line-height:14pt; margin:0pt; font-size:12pt" align=center><B>Date of Report (Date of earliest event reported):</B></P>
<P style="line-height:14pt; margin:0pt; font-size:12pt" align=center><B>April 6, 2006</B></P>
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<P style="line-height:22pt; margin:0pt; font-size:20pt" align=center><B>Vincera, Inc.</B></P>
<P style="line-height:10pt; margin:0pt; font-size:8pt" align=center>(Exact name of registrant as specified in its charter)</P>
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<TABLE style="font-size:10pt" cellspacing=0 align=center><TR><TD width=180.25></TD><TD width=180.3></TD><TD width=180.25></TD></TR>
<TR><TD valign=top width=240.333><P style="line-height:11pt; margin:0pt; font-size:9pt" align=center><B>Delaware</B></P>
</TD><TD valign=top width=240.4><P style="line-height:11pt; margin:0pt; font-size:9pt" align=center><B>000-51522 </B></P>
</TD><TD valign=top width=240.333><P style="line-height:11pt; margin:0pt; font-size:9pt" align=center><B>74-2912383</B></P>
</TD></TR>
<TR><TD valign=top width=240.333><P style="line-height:10pt; margin:0pt; font-size:8pt" align=center>(State or other jurisdiction of</P>
<P style="line-height:10pt; margin:0pt; font-size:8pt" align=center>incorporation)</P>
</TD><TD valign=top width=240.4><P style="line-height:10pt; margin:0pt; font-size:8pt" align=center>&nbsp;(Commission File Number)</P>
<P style="line-height:10pt; margin:0pt; font-size:8pt" align=center>&nbsp;</P>
</TD><TD valign=top width=240.333><P style="line-height:10pt; margin:0pt; font-size:8pt" align=center>(I.R.S. Employer<BR>
Identification No.)</P>
</TD></TR>
<TR><TD valign=top width=721.067 colspan=3><P style="margin:0pt" align=center><BR></P>
<P style="line-height:11pt; margin:0pt; font-size:9pt" align=center><B>611 South Congress Avenue, Suite 350</B></P>
<P style="line-height:11pt; margin:0pt; font-size:9pt" align=center><B>Austin, TX 78704</B></P>
<P style="line-height:10pt; margin:0pt; font-size:8pt" align=center>(Address of principal executive offices)</P>
<P style="line-height:10pt; margin:0pt; font-size:8pt" align=center>&nbsp;</P>
</TD></TR>
</TABLE>
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<P style="line-height:10pt; margin:0pt; font-size:8pt" align=center><B>512-443-8749</B></P>
<P style="line-height:normal; margin:0pt; font-size:8pt" align=center>&nbsp;(Registrant's telephone number)</P>
<P style="margin:0pt" align=center><BR></P>
<P style="line-height:10pt; margin:0pt; font-size:8pt" align=center><B>Not Applicable</B></P>
<P style="line-height:normal; margin:0pt; font-size:8pt" align=center>(Former name or former address if changed from last report)<BR>
&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;</P>
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<P style="line-height:10pt; margin:0pt; font-size:8pt">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):</P>
<P style="margin:0pt"><BR></P>
<P style="line-height:11pt; margin-top:0pt; margin-bottom:-11pt; padding-left:72pt; text-indent:-36pt; font-family:Wingdings; font-size:9pt"><FONT FACE="Wingdings">o</FONT></P>
<P style="line-height:11pt; margin:0pt; padding-left:72pt; text-indent:-30pt; font-size:9pt"><FONT FACE="Times New Roman">&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></P>
<P style="line-height:11pt; margin-top:0pt; margin-bottom:-11pt; padding-left:72pt; text-indent:-36pt; font-family:Wingdings; font-size:9pt"><FONT FACE="Wingdings">o</FONT></P>
<P style="line-height:11pt; margin:0pt; padding-left:72pt; text-indent:-30pt; font-size:9pt"><FONT FACE="Times New Roman">&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></P>
<P style="line-height:11pt; margin-top:0pt; margin-bottom:-11pt; padding-left:72pt; text-indent:-36pt; font-family:Wingdings; font-size:9pt"><FONT FACE="Wingdings">o</FONT></P>
<P style="line-height:11pt; margin:0pt; padding-left:72pt; text-indent:-30pt; font-size:9pt"><FONT FACE="Times New Roman">&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></P>
<P style="line-height:11pt; margin-top:0pt; margin-bottom:-11pt; padding-left:72pt; text-indent:-36pt; font-family:Wingdings; font-size:9pt"><FONT FACE="Wingdings">o</FONT></P>
<P style="line-height:11pt; margin:0pt; padding-left:72pt; text-indent:-30pt; font-size:9pt"><FONT FACE="Times New Roman">&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></P>
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<P style="margin:0pt; text-indent:18pt; page-break-before:always"><B>&nbsp;Item 3.02 Unregistered Sales of Equity Securities</B></P>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt; text-indent:18pt">On April 6, 2006, the Company had an interim close of the private placement of 1,552,211 shares of its Common Stock to 11 accredited investors for a cash price of $0.36 per share. &nbsp;Each investor also received a five year Common Stock Purchase Warrant for twenty-five percent (25%) of their investment at an exercise price of $0.50 per share, which warrants are only exercisable if the Company does not have an effective registration statement on or before 120 days from the date of the final close of the offering. &nbsp;The aggregate proceeds of the offering were $558,796. &nbsp;The placement agent received a fee of approximately $39,115, 15,522 shares of common stock, plus a warrant to purchase 108,655 shares of common stock at an exercise price of $0.36 per share, and a warrant to purchase 37,629 shares of common stock at an exercise price of $0.594 per share. &nbsp;These warrants are exercisable for a period of eighteen months from the date of the final close of the offering. </P>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt; text-indent:18pt">In addition, the Company issued 160,046 shares of Common Stock in exchange for the cancellation of indebtedness outstanding pursuant to a Subordinated Promissory Note, at the conversion price of $0.36 per share to 1 holder of the note. &nbsp;In conjunction with the cancellation of the note, the Company issued a warrant for 80,023 shares of Common Stock at an exercise price of $0.50 per share to the holder of the Subordinated Promissory Note that canceled the indebtedness and converted to Common Stock. &nbsp;This warrant is exercisable for a period of eighteen months from the date of the final close of the offering. &nbsp;The Company did not receive any cash proceeds from the conversion of the note. The placement agent received a fee of approximately $4,033, 1,600 shares of common stock, plus a warrant to purchase 11,200 shares of common stock at an exercise price of $0.36 per share, plus a warrant to purchase 3,880 shares of common stock at an exercise price of $0.594 per share. &nbsp;This warrant is exercisable for a period of eighteen months from the date of the final close of the offering.</P>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt; text-indent:18pt">Such issuances were made pursuant to a private placement to a limited number of accredited investors and was exempt from registration under Rule 506 under Section 4(2) of the Securities Act of 1933. &nbsp;</P>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt; text-indent:18pt">The foregoing summaries of the Securities Purchase Agreements and Warrants are qualified in their entirety by reference to the copies of the agreements filed as exhibits to Form 8-K filed previously on January 30, 2006, and the Placement Agreement filed previously with our Form 10-SB on October 26, 2005.</P>
<P style="margin:0pt"><BR>
<BR></P>
<P style="margin:0pt" align=center><BR></P>
<P style="margin:0pt"><BR></P>
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<P style="margin-top:0pt; margin-bottom:20pt" align=center><B>SIGNATURES</B></P>
<P style="margin-top:0pt; margin-bottom:10pt; text-indent:18pt">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.</P>
<TABLE style="font-size:10pt" cellspacing=0><TR><TD width=252.9></TD></TR>
<TR><TD valign=top width=337.2><P style="margin:0pt">VINCERA, INC.</P>
<P style="margin:0pt"><BR></P>
<P style="margin:0pt">By:<U> &nbsp;&nbsp;/s/ David R. Malmstedt</U></P>
<P style="margin:0pt; text-indent:17.1pt">David R. Malmstedt, President</P>
<P style="margin:0pt; text-indent:17.1pt">and Chief Executive Officer </P>
<P style="margin:0pt">Date: &nbsp;April 10, 2006</P>
</TD></TR>
<TR><TD valign=top width=337.2>&nbsp;</TD></TR>
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Form 10-QSB Amendment No. 2
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):
April 6, 2006
———————————
Vincera, Inc.
(Exact name of registrant as specified in its charter)
———————————
Delaware
000-51522
74-2912383
(State or other jurisdiction of
incorporation)
(Commission File Number)
(I.R.S. Employer
Identification No.)
611 South Congress Avenue, Suite 350
Austin, TX 78704
(Address of principal executive offices)
———————————
512-443-8749
(Registrant's telephone number)
Not Applicable
(Former name or former address if changed from 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):
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 3.02 Unregistered Sales of Equity Securities
On April 6, 2006, the Company had an interim close of the private placement of 1,552,211 shares of its Common Stock to 11 accredited investors for a cash price of $0.36 per share.  Each investor also received a five year Common Stock Purchase Warrant for twenty-five percent (25%) of their investment at an exercise price of $0.50 per share, which warrants are only exercisable if the Company does not have an effective registration statement on or before 120 days from the date of the final close of the offering.  The aggregate proceeds of the offering were $558,796.  The placement agent received a fee of approximately $39,115, 15,522 shares of common stock, plus a warrant to purchase 108,655 shares of common stock at an exercise price of $0.36 per share, and a warrant to purchase 37,629 shares of common stock at an exercise price of $0.594 per share.  These warrants are exercisable for a period of eighteen months from the date of the final close of the offering.
In addition, the Company issued 160,046 shares of Common Stock in exchange for the cancellation of indebtedness outstanding pursuant to a Subordinated Promissory Note, at the conversion price of $0.36 per share to 1 holder of the note.  In conjunction with the cancellation of the note, the Company issued a warrant for 80,023 shares of Common Stock at an exercise price of $0.50 per share to the holder of the Subordinated Promissory Note that canceled the indebtedness and converted to Common Stock.  This warrant is exercisable for a period of eighteen months from the date of the final close of the offering.  The Company did not receive any cash proceeds from the conversion of the note. The placement agent received a fee of approximately $4,033, 1,600 shares of common stock, plus a warrant to purchase 11,200 shares of common stock at an exercise price of $0.36 per share, plus a warrant to purchase 3,880 shares of common stock at an exercise price of $0.594 per share.  This warrant is exercisable for a period of eighteen months from the date of the final close of the offering.
Such issuances were made pursuant to a private placement to a limited number of accredited investors and was exempt from registration under Rule 506 under Section 4(2) of the Securities Act of 1933.
The foregoing summaries of the Securities Purchase Agreements and Warrants are qualified in their entirety by reference to the copies of the agreements filed as exhibits to Form 8-K filed previously on January 30, 2006, and the Placement Agreement filed previously with our Form 10-SB on October 26, 2005.
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.
VINCERA, INC.
By:
/s/ David R. Malmstedt
David R. Malmstedt, President
and Chief Executive Officer
Date:  April 10, 2006