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<TITLE>Form 10-QSB Amendment No. 2</TITLE>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>UNITED STATES</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. &nbsp;20549</B></P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>&nbsp;</B></P>
<P style="margin:0pt; line-height:18pt; font-family:Times New Roman; font-size:16pt" align=center><B>FORM 8-K</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>&nbsp;</B></P>
<P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align=center>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=center><B><BR></B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>CURRENT REPORT</B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=center><B><BR></B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; 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; font-family:Times New Roman; font-size:12pt" align=center><B><BR></B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>Date of Report (Date of earliest event reported):</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>January 25, 2006</B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=center><B><BR></B></P>
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<P style="margin:0pt; line-height:22pt; font-family:Times New Roman; font-size:20pt" align=center><B>Vincera, Inc.</B></P>
<P style="margin:0pt; line-height:10pt; font-family:Times New Roman; font-size:8pt" align=center>(Exact name of registrant as specified in its charter)</P>
<P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align=center>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;</P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR><TD valign=top width=240.333><P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align=center><B>Delaware</B></P>
</TD><TD valign=top width=240.4><P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align=center><B>000-51522 </B></P>
</TD><TD valign=top width=240.333><P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align=center><B>74-2912383</B></P>
</TD></TR>
<TR><TD valign=top width=240.333><P style="margin:0pt; line-height:10pt; font-family:Times New Roman; font-size:8pt" align=center>(State or other jurisdiction of</P>
<P style="margin:0pt; line-height:10pt; font-family:Times New Roman; font-size:8pt" align=center>incorporation)</P>
</TD><TD valign=top width=240.4><P style="margin:0pt; line-height:10pt; font-family:Times New Roman; font-size:8pt" align=center>&nbsp;(Commission File Number)</P>
<P style="margin:0pt; line-height:10pt; font-family:Times New Roman; font-size:8pt" align=center>&nbsp;</P>
</TD><TD valign=top width=240.333><P style="margin:0pt; line-height:10pt; font-family:Times New Roman; 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; font-family:Times New Roman; font-size:9pt" align=center><B><BR></B></P>
<P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align=center><B>611 South Congress Avenue, Suite 350</B></P>
<P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align=center><B>Austin, TX 78704</B></P>
<P style="margin:0pt; line-height:10pt; font-family:Times New Roman; font-size:8pt" align=center>(Address of principal executive offices)</P>
<P style="margin:0pt; line-height:10pt; font-family:Times New Roman; font-size:8pt" align=center>&nbsp;</P>
</TD></TR>
</TABLE>
<P style="margin:0pt; line-height:11pt; font-family:Times New Roman; font-size:9pt" align=center>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;</P>
<P style="margin:0pt; line-height:10pt; font-family:Times New Roman; font-size:8pt" align=center><B>512-443-8749</B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:8pt" align=center>&nbsp;(Registrant's telephone number)</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:8pt" align=center><BR></P>
<P style="margin:0pt; line-height:10pt; font-family:Times New Roman; font-size:8pt" align=center><B>Not Applicable</B></P>
<P style="margin:0pt; font-family:Times New Roman; 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>
<P style="margin:0pt; font-family:Times New Roman; font-size:9pt" align=center><BR></P>
<P style="margin:0pt; line-height:10pt; font-family:Times New Roman; 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; font-family:Times New Roman; font-size:8pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-11pt; padding-left:72pt; text-indent:-36pt; line-height:11pt; font-family:Wingdings; font-size:9pt">o</P>
<P style="margin:0pt; padding-left:72pt; text-indent:-30pt; line-height:11pt; font-family:Wingdings; 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="margin-top:0pt; margin-bottom:-11pt; padding-left:72pt; text-indent:-36pt; line-height:11pt; font-family:Wingdings; font-size:9pt">o</P>
<P style="margin:0pt; padding-left:72pt; text-indent:-30pt; line-height:11pt; font-family:Wingdings; 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="margin-top:0pt; margin-bottom:-11pt; padding-left:72pt; text-indent:-36pt; line-height:11pt; font-family:Wingdings; font-size:9pt">o</P>
<P style="margin:0pt; padding-left:72pt; text-indent:-30pt; line-height:11pt; font-family:Wingdings; 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="margin-top:0pt; margin-bottom:-11pt; padding-left:72pt; text-indent:-36pt; line-height:11pt; font-family:Wingdings; font-size:9pt">o</P>
<P style="margin:0pt; padding-left:72pt; text-indent:-30pt; line-height:11pt; font-family:Wingdings; 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>
<P style="margin:0pt; font-family:Times New Roman; font-size:8pt" align=center><BR></P>
<P style="margin:0pt; text-indent:18pt; font-family:Times New Roman"><B><BR>
<BR></B></P>
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<P style="page-break-before:always; margin:0pt; text-indent:18pt; font-family:Times New Roman"><B>Item 1.01 Entry into a Material Definitive Agreement</B></P>
<P style="margin:0pt; text-indent:18pt; font-family:Times New Roman"><BR></P>
<P style="margin:0pt; text-indent:18pt; font-family:Times New Roman">On January 25, 2006, Vincera, Inc. (the &#147;Company&#148;) and Monterey &amp; Great Pacific Corporation (the Company's existing landlord) executed an Additional Space Modification to Lease Contract and Extension of Primary Lease Agreement, which provides for extension of the Company's current lease along with the acquisition of additional adjacent space. &nbsp;The extension of the lease term is to January 31, 2008. &nbsp;The new lease rate is $7,525 per month, all inclusive. &nbsp;Additional terms in the extension call for a right of first refusal for contiguous space and a right to extend the lease for two years at the same costs upon the termination of the current extension period. &nbsp;Except as set forth in the extension agreement, the Company's current lease remains in full force and effect. &nbsp;There are no material relationships between the Company and Monterey &amp; Great Pacific Corporation, other than the current lease and the extension agreement.</P>
<P style="margin:0pt; text-indent:18pt; font-family:Times New Roman"><BR></P>
<P style="margin:0pt; text-indent:18pt; font-family:Times New Roman">The foregoing summary of the extension agreement is qualified in its entirety by reference to the copy of the extension agreement, which is filed as an exhibit to this Form 8-K.</P>
<P style="margin:0pt; text-indent:18pt; font-family:Times New Roman"><BR></P>
<P style="margin:0pt; text-indent:18pt; font-family:Times New Roman"><B>Item 3.02 Unregistered Sales of Equity Securities</B></P>
<P style="margin:0pt; text-indent:18pt; font-family:Times New Roman"><BR></P>
<P style="margin:0pt; text-indent:18pt; font-family:Times New Roman">On January 26, 2006, the Company had an interim close of the private placement of 1,742,119 shares of its Common Stock to 17 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 $627,162. &nbsp;The placement agent received a fee of approximately $43,901.00, 17,421 shares of common stock, plus a warrant to purchase 121,948 shares of common stock at an exercise price of $0.36 per share, and a warrant to purchase 69,685 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; text-indent:18pt; font-family:Times New Roman"><BR></P>
<P style="margin:0pt; text-indent:18pt; font-family:Times New Roman">In addition, the Company issued 5,367,225 shares of Common Stock in exchange for the cancellation of indebtedness outstanding pursuant to Subordinated Promissory Notes, at the conversion price of $0.36 per share to 34 holders of the notes. &nbsp;In conjunction with the cancellation of the notes, the Company issued warrants for 2,710,492 shares of Common Stock at an exercise price of $0.50 per share to the holders of the Subordinated Promissory Notes that canceled the indebtedness and converted to Common Stock. &nbsp;These warrants are 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 notes. The placement agent will receive a fee of approximately $134,904.54, 53,673 shares of common stock, plus a warrant to purchase 375,706 shares of common stock at an exercise price of $0.36 per share, plus a warrant to purchase 214,689 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; text-indent:18pt; font-family:Times New Roman"><BR></P>
<P style="margin:0pt; text-indent:18pt; font-family:Times New Roman">The Company also converted the indebtedness of 21 holders under Convertible Promissory Notes into 2,769,655 shares of Common Stock at a conversion price of $0.36 per share. &nbsp;The Company did not receive any cash proceeds from the conversion of the notes and there were no commissions or compensation paid to the placement agent or any other entity.</P>
<P style="margin:0pt; text-indent:18pt; font-family:Times New Roman"><BR></P>
<P style="margin:0pt; text-indent:18pt; font-family:Times New Roman">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; text-indent:18pt; font-family:Times New Roman"><BR></P>
<P style="margin:0pt; text-indent:18pt; font-family:Times New Roman">The forms of Securities Purchase Agreements and Warrants executed with the investors are attached as exhibits hereto. &nbsp;The foregoing summaries of the agreements are qualified in their entirety by reference to the copies of the agreements filed as exhibits to this Form 8-K and the Placement Agreement filed previously with our Form 10-SB on September 12, 2005.</P>
<P style="margin:0pt; text-indent:18pt; font-family:Times New Roman"><BR>
<BR></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><BR></P>
<P style="margin:0pt; font-family:Times New Roman"><BR></P>
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<P style="margin-top:0pt; margin-bottom:10pt; font-family:Times New Roman"><B>Item 9.01 Financial Statements and Exhibits. </B></P>
<P style="margin-top:0pt; margin-bottom:-12pt; padding-left:36pt; text-indent:-18pt; font-family:Times New Roman"><B>(d)</B></P>
<P style="margin-top:0pt; margin-bottom:10pt; padding-left:36pt; font-family:Times New Roman"><B>Exhibits</B></P>
<P style="margin-top:0pt; margin-bottom:10pt; font-family:Times New Roman"><B><BR></B></P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR><TD valign=top width=71.2><P style="margin:0pt; font-family:Times New Roman">Exhibit <U>No.</U></P>
</TD><TD valign=top width=16>&nbsp;</TD><TD valign=top width=551.2><P style="margin:0pt; font-family:Times New Roman"><U><BR></U></P>
<P style="margin:0pt; font-family:Times New Roman"><U>Description</U></P>
</TD></TR>
<TR><TD valign=top width=71.2><P style="margin:0pt; font-family:Times New Roman">10.41</P>
</TD><TD valign=top width=16>&nbsp;</TD><TD valign=top width=551.2><P style="margin:0pt; font-family:Times New Roman">Additional Space Modification to Lease Contract and Extension of Primary Lease Agreement, dated January 25, 2006, between the Company and Monterey &amp; Great Pacific Corporation</P>
</TD></TR>
<TR><TD valign=top width=71.2><P style="margin:0pt; font-family:Times New Roman">10.42</P>
</TD><TD valign=top width=16>&nbsp;</TD><TD valign=top width=551.2><P style="margin:0pt; font-family:Times New Roman">Form of Securities Purchase Agreement (New Investors and Subordinated Promissory Note Conversions)</P>
</TD></TR>
<TR><TD valign=top width=71.2><P style="margin:0pt; font-family:Times New Roman">10.43</P>
</TD><TD valign=top width=16>&nbsp;</TD><TD valign=top width=551.2><P style="margin:0pt; font-family:Times New Roman">Form of Warrant for New Investors</P>
</TD></TR>
<TR><TD valign=top width=71.2><P style="margin:0pt; font-family:Times New Roman">10.44</P>
</TD><TD valign=top width=16>&nbsp;</TD><TD valign=top width=551.2><P style="margin:0pt; font-family:Times New Roman">Form of Warrant for Subordinated Promissory Note Conversions</P>
</TD></TR>
</TABLE>
<P style="margin:0pt; padding-left:252pt; font-family:Times New Roman; font-size:12pt"><BR>
<BR></P>
<P style="margin:0pt; font-family:Times New Roman" align=center><BR></P>
<P style="margin:0pt; font-family:Times New Roman"><BR></P>
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<P style="margin:0pt; padding-left:252pt; font-family:Times New Roman"><BR></P>
<P style="margin-top:0pt; margin-bottom:20pt; font-family:Times New Roman" align=center><B>SIGNATURES</B></P>
<P style="margin-top:0pt; margin-bottom:10pt; text-indent:18pt; font-family:Times New Roman">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 valign=top width=337.2><P style="margin:0pt; font-family:Times New Roman">VINCERA, INC.</P>
<P style="margin:0pt; font-family:Times New Roman"><BR></P>
<P style="margin-top:0pt; margin-bottom:-12pt; font-family:Times New Roman">By:<U> &nbsp;&nbsp;/s/ David R. Malmstedt</U></P>
<P style="margin:0pt; text-indent:237.6pt; font-family:Times New Roman"><U><BR></U></P>
<P style="margin:0pt; text-indent:17.1pt; font-family:Times New Roman">David R. Malmstedt, President</P>
<P style="margin:0pt; text-indent:17.1pt; font-family:Times New Roman">and Chief Executive Officer </P>
<P style="margin:0pt; font-family:Times New Roman">Date: &nbsp;January 30, 2006</P>
</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):
January 25, 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 1.01 Entry into a Material Definitive Agreement
On January 25, 2006, Vincera, Inc. (the "Company") and Monterey & Great Pacific Corporation (the Company's existing landlord) executed an Additional Space Modification to Lease Contract and Extension of Primary Lease Agreement, which provides for extension of the Company's current lease along with the acquisition of additional adjacent space.  The extension of the lease term is to January 31, 2008.  The new lease rate is $7,525 per month, all inclusive.  Additional terms in the extension call for a right of first refusal for contiguous space and a right to extend the lease for two years at the same costs upon the termination of the current extension period.  Except as set forth in the extension agreement, the Company's current lease remains in full force and effect.  There are no material relationships between the Company and Monterey & Great Pacific Corporation, other than the current lease and the extension agreement.
The foregoing summary of the extension agreement is qualified in its entirety by reference to the copy of the extension agreement, which is filed as an exhibit to this Form 8-K.
Item 3.02 Unregistered Sales of Equity Securities
On January 26, 2006, the Company had an interim close of the private placement of 1,742,119 shares of its Common Stock to 17 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 $627,162.  The placement agent received a fee of approximately $43,901.00, 17,421 shares of common stock, plus a warrant to purchase 121,948 shares of common stock at an exercise price of $0.36 per share, and a warrant to purchase 69,685 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 5,367,225 shares of Common Stock in exchange for the cancellation of indebtedness outstanding pursuant to Subordinated Promissory Notes, at the conversion price of $0.36 per share to 34 holders of the notes.  In conjunction with the cancellation of the notes, the Company issued warrants for 2,710,492 shares of Common Stock at an exercise price of $0.50 per share to the holders of the Subordinated Promissory Notes that canceled the indebtedness and converted to Common Stock.  These warrants are 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 notes. The placement agent will receive a fee of approximately $134,904.54, 53,673 shares of common stock, plus a warrant to purchase 375,706 shares of common stock at an exercise price of $0.36 per share, plus a warrant to purchase 214,689 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.
The Company also converted the indebtedness of 21 holders under Convertible Promissory Notes into 2,769,655 shares of Common Stock at a conversion price of $0.36 per share.  The Company did not receive any cash proceeds from the conversion of the notes and there were no commissions or compensation paid to the placement agent or any other entity.
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 forms of Securities Purchase Agreements and Warrants executed with the investors are attached as exhibits hereto.  The foregoing summaries of the agreements are qualified in their entirety by reference to the copies of the agreements filed as exhibits to this Form 8-K and the Placement Agreement filed previously with our Form 10-SB on September 12, 2005.
Item 9.01 Financial Statements and Exhibits.
(d)
Exhibits
Exhibit
No.
Description
10.41
Additional Space Modification to Lease Contract and Extension of Primary Lease Agreement, dated January 25, 2006, between the Company and Monterey & Great Pacific Corporation
10.42
Form of Securities Purchase Agreement (New Investors and Subordinated Promissory Note Conversions)
10.43
Form of Warrant for New Investors
10.44
Form of Warrant for Subordinated Promissory Note Conversions
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:  January 30, 2006