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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>UNITED
      STATES</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>SECURITIES
      AND EXCHANGE COMMISSION</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>W</strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>ashington,
      D.C. 20549</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>FORM
      8-K</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>CURRENT
      REPORT</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Pursuant
      to Section 13 OR 15(d) of The Securities Exchange Act of
      1934</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div align="center">
      <table bgcolor="white" border="0" cellpadding="0" cellspacing="0" width="100%">

          <tr bgcolor="white">
            <td colspan="2" width="35%" style="border-bottom: #ffffff solid;"><font size="2">Date
              of Report (Date of earliest event reported)</font></td>
            <td colspan="3" width="65%" style="border-bottom: black thin solid;"><font size="2">June
              26, 2006</font>&#160;</td>
          </tr>
          <tr bgcolor="white">
            <td width="30%">&#160;</td>
            <td width="5%">&#160;</td>
            <td width="30%">&#160;</td>
            <td width="5%">&#160;</td>
            <td width="30%">&#160;</td>
          </tr>
          <tr bgcolor="white">
            <td colspan="6" width="100%" style="border-bottom: black thin solid;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font size="2">Adagio
                Acquisition I, Inc.</font></div>
            </td>
          </tr>
          <tr bgcolor="white">
            <td colspan="6" width="100%">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font size="2">(Exact
                name of registrant as specified in its
                charter)</font></div>
            </td>
          </tr>
          <tr bgcolor="white">
            <td width="30%">&#160;</td>
            <td width="5%">&#160;</td>
            <td width="30%">&#160;</td>
            <td width="5%">&#160;</td>
            <td width="30%">&#160;</td>
          </tr>
          <tr bgcolor="white">
            <td width="30%" style="border-bottom: black thin solid;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font size="2">Delaware</font></div>
            </td>
            <td width="5%" style="border-bottom: black thin solid;">&#160;</td>
            <td width="30%" style="border-bottom: black thin solid;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font size="2">0-51494</font></div>
            </td>
            <td width="5%" style="border-bottom: black thin solid;">&#160;</td>
            <td width="30%" style="border-bottom: black thin solid;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font size="2">20-2852425</font></div>
            </td>
          </tr>
          <tr bgcolor="white">
            <td width="30%">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font size="2">(State
                or other jurisdiction<br>of
                incorporation)</font>&#160;</div>
            </td>
            <td width="5%">&#160;</td>
            <td width="30%">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font size="2">(Commission<br>File
                Number)</font></div>
            </td>
            <td width="5%">&#160;</td>
            <td width="30%">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(IRS
                Employer<br></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Identification
                No.)</font></div>
            </td>
          </tr>
          <tr bgcolor="white">
            <td width="30%">&#160;</td>
            <td width="5%">&#160;</td>
            <td width="30%">&#160;</td>
            <td width="5%">&#160;</td>
            <td width="30%">&#160;</td>
          </tr>
          <tr bgcolor="white">
            <td colspan="5" width="100%" style="border-bottom: black thin solid;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font size="2">c/o
                Spencer Trask Ventures, Inc., 535 Madison
                Avenue, 18<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><sup>th</sup></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
                Floor, New York, NY 10022</font></font></div>
            </td>
          </tr>
          <tr bgcolor="white">
            <td colspan="5" width="100%">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font size="2">(Address
                of principal executive
                offices)</font></div>
            </td>
          </tr>
          <tr bgcolor="white">
            <td width="30%">&#160;</td>
            <td width="5%">&#160;</td>
            <td width="30%">&#160;</td>
            <td width="5%">&#160;</td>
            <td width="30%">&#160;</td>
          </tr>
          <tr bgcolor="white">
            <td colspan="2" width="35%" style="border-bottom: #ffffff solid;"><font size="2">Registrant&#8217;s
              telephone number, including area code</font></td>
            <td colspan="3" width="65%" style="border-bottom: black thin solid;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(212)
              418-8573</font></td>
          </tr>
          <tr bgcolor="white">
            <td width="30%">&#160;</td>
            <td width="5%">&#160;</td>
            <td width="30%">&#160;</td>
            <td width="5%">&#160;</td>
            <td width="30%">&#160;</td>
          </tr>
          <tr bgcolor="white">
            <td colspan="5" width="100%" style="border-bottom: black thin solid;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font size="2">Not
                applicable</font></div>
            </td>
          </tr>
          <tr bgcolor="white">
            <td colspan="5" width="100%">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font size="2">(Former
                name or former address, if changed since
                last report)</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB2" style="COLOR: black; LETTER-SPACING: 252pt"></font>&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">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
      provision:</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
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          <tr valign="top" style="line-height: 1.25;">
            <td align="left" style="width: 45pt;"><font style="DISPLAY: inline; FONT-FAMILY: Wingdings">o</font></td>
            <td align="left">
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Written
                communications pursuant to Rule 425 under the Securities Act (17
                CFP
                230.425)</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

          <tr valign="top" style="line-height: 1.25;">
            <td align="left" style="width: 45pt;"><font style="FONT-FAMILY: Wingdings">o</font></td>
            <td align="left">
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pre-commencement
                communications pursuant to Rule 14d-2(b) under the Exchange Act (17
                CFR
                240.14D-2(b))</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

          <tr valign="top" style="line-height: 1.25;">
            <td align="left" style="width: 45pt;"><font style="FONT-FAMILY: Wingdings">o</font></td>
            <td align="left">
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pre-commencement
                communications pursuant to Rule 13e-4(c) under the Exchange Act (17
                CFR
                240.13e-4(c))</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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      <div id="FTR">
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        </div>
      </div>
    </div><br>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
      8.01. Other Events.</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
      June
      26, 2006, Adagio Acquisition I, Inc. (the &#8220;Company&#8221;) redeemed 1,440,000 shares
      of its common stock, par value $.0001 per share (the &#8220;Common Stock&#8221;) from its
      sole stockholder William P. Dioguardi, our sole officer and director, for an
      aggregate purchase price of $144, pursuant to that certain Redemption Agreement
      (the &#8220;Redemption Agreement&#8221;), a copy of which is attached hereto as Exhibit
      10.1. As of the date hereof, the Company has 60,000 shares of Common Stock
      issued and outstanding, all owned by Mr. Dioguardi.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Company intends to commence a private placement (the &#8220;Offering&#8221;) of shares (the
&#8220;Shares&#8221;) of Common Stock, on a reasonable efforts basis with the assistance of
      a placement agent, with expected gross proceeds of between $1.0 million and
      $3.0
      million. The Company is offering a minimum of 200,000 Shares and a maximum
      of
      600,000 Shares, at a per share price of $5.00. The minimum investment is 3,000
      Shares or $15,000. </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Company plans to use the net proceeds of the Offering as working capital and
      as
      potential capital to be utilized by a company with which the Company may
      complete a business combination. </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In
      connection with the private placement, the Company is expected to agree, subject
      to certain terms and conditions, to file a registration statement under the
      Securities Act of 1933, as amended (the "Securities Act") covering the resale
      of
      the Shares. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Shares are expected to be issued to accredited investors under an exemption
      from
      the registration requirements of the Securities Act, and any purchasers would
      be
      prohibited from offering or selling the Shares purchased in the Offering in
      the
      absence of an effective registration statement or an applicable exemption from
      registration requirements. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In
      connection with the Offering, on June 27, 2006, the Company engaged a placement
      agent, pursuant to a placement agency agreement (the &#8220;Placement Agency
      Agreement&#8221;), a copy of which is attached hereto as Exhibit 10.2. Pursuant to the
      Placement Agency Agreement, the Company will pay the placement agent a fee
      equal
      to 10% of the aggregate gross proceeds received from the sale of the Shares
      sold
      in the Offering.</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      Additionally, the Company will issue to the placement agent warrants to purchase
      such number of shares of Common Stock equal to 10% of the number of Shares
      sold
      in the Offering at an exercise price of $5.00, subject to adjustment under
      certain circumstances. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">This
      Current Report on Form 8-K is issued pursuant to Rule 135c under the Securities
      Act and shall not constitute an offer to sell or the solicitation of an offer
      to
      buy the Shares, nor shall there be any sale of the Shares in any state in which
      such offer, solicitation or sale would be unlawful prior to the registration
      or
      qualification under the securities laws of any such state. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
      9.01. Financial Statements and Exhibits.</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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            <td style="width: 36pt;">
            </td>
            <td align="left" style="width: 36pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(a)</font></td>
            <td align="left">
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Not
                applicable</font></div>
            </td>
          </tr>

      </table>
    </div>
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          <tr valign="top" style="line-height: 1.25;">
            <td style="width: 36pt;">
            </td>
            <td align="left" style="width: 36pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(b)</font></td>
            <td align="left">
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Not
                applicable</font></div>
            </td>
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      </table>
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    <div>
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            <td style="width: 36pt;">
            </td>
            <td align="left" style="width: 36pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(c)</font></td>
            <td align="left">
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
                following exhibits are filed herewith:
</font></div>
            </td>
          </tr>

      </table>
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    <div>
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          <tr valign="top" style="line-height: 1.25;">
            <td align="left" style="width: 72pt;">&#160;</td>
            <td align="left">
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Exhibit
                10.1</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Redemption
                Agreement dated June 26, 2006.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">

          <tr valign="top" style="line-height: 1.25;">
            <td align="left" style="width: 72pt;">&#160;</td>
            <td align="left">
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Exhibit
                10.2</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Placement
                Agency Agreement dated June 27,
                2006.</font></div>
            </td>
          </tr>

      </table>
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      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.</font></div>
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              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">Adagio
                Acquisition I, Inc.</font>
                <hr style="COLOR: black" align="left" noshade size="2" width="80%"><font size="3"><font size="2">(Registrant)</font></font></div>
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            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">Date<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">:
              June 28, 2006</font></font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">By:&#160;&#160;</font></td>
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              William P. Dioguardi</font></td>
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              <hr style="COLOR: black" align="left" noshade size="2" width="80%"><font size="2">William
              P. Dioguardi, President</font></td>
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{"company-data": {"conformed-name": "ADAGIO ACQUISITION I, INC", "cik": "0001328999", "assigned-sic": "6770", "irs-number": "000000000"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-51494", "film-number": "06932438"}, "business-address": {"street1": "SPENCER TRASK AND CO", "street2": "535 MADISON AVENUE 18TH FLOOR", "city": "NEW YORK", "state": "NY", "zip": "10022", "phone": "212-326-9200"}, "mail-address": {"street1": "SPENCER TRASK AND CO", "street2": "535 MADISON AVENUE 18TH FLOOR", "city": "NEW YORK", "state": "NY", "zip": "10022"}, "former-company": [{"former-conformed-name": "ADAGIO ACQUISITION I INC", "date-changed": "20050812"}, {"former-conformed-name": "SCIMITAR ACQUISITION I INC", "date-changed": "20050601"}]}
UNITED
      STATES
SECURITIES
      AND EXCHANGE COMMISSION
W
ashington,
      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)
June
              26, 2006
Adagio
                Acquisition I, Inc.
(Exact
                name of registrant as specified in its
                charter)
Delaware
0-51494
20-2852425
(State
                or other jurisdiction
of
                incorporation)
(Commission
File
                Number)
(IRS
                Employer
Identification
                No.)
c/o
                Spencer Trask Ventures, Inc., 535 Madison
                Avenue, 18
th
Floor, New York, NY 10022
(Address
                of principal executive
                offices)
Registrant's
              telephone number, including area code
(212)
              418-8573
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
      provision:
o
Written
                communications pursuant to Rule 425 under the Securities Act (17
                CFP
                230.425)
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
      8.01. Other Events.
On
      June
      26, 2006, Adagio Acquisition I, Inc. (the "Company") redeemed 1,440,000 shares
      of its common stock, par value $.0001 per share (the "Common Stock") from its
      sole stockholder William P. Dioguardi, our sole officer and director, for an
      aggregate purchase price of $144, pursuant to that certain Redemption Agreement
      (the "Redemption Agreement"), a copy of which is attached hereto as Exhibit
      10.1. As of the date hereof, the Company has 60,000 shares of Common Stock
      issued and outstanding, all owned by Mr. Dioguardi.
The
      Company intends to commence a private placement (the "Offering") of shares (the
"Shares") of Common Stock, on a reasonable efforts basis with the assistance of
      a placement agent, with expected gross proceeds of between $1.0 million and
      $3.0
      million. The Company is offering a minimum of 200,000 Shares and a maximum
      of
      600,000 Shares, at a per share price of $5.00. The minimum investment is 3,000
      Shares or $15,000.
The
      Company plans to use the net proceeds of the Offering as working capital and
      as
      potential capital to be utilized by a company with which the Company may
      complete a business combination.
In
      connection with the private placement, the Company is expected to agree, subject
      to certain terms and conditions, to file a registration statement under the
      Securities Act of 1933, as amended (the "Securities Act") covering the resale
      of
      the Shares.
The
      Shares are expected to be issued to accredited investors under an exemption
      from
      the registration requirements of the Securities Act, and any purchasers would
      be
      prohibited from offering or selling the Shares purchased in the Offering in
      the
      absence of an effective registration statement or an applicable exemption from
      registration requirements.
In
      connection with the Offering, on June 27, 2006, the Company engaged a placement
      agent, pursuant to a placement agency agreement (the "Placement Agency
      Agreement"), a copy of which is attached hereto as Exhibit 10.2. Pursuant to the
      Placement Agency Agreement, the Company will pay the placement agent a fee
      equal
      to 10% of the aggregate gross proceeds received from the sale of the Shares
      sold
      in the Offering.
Additionally, the Company will issue to the placement agent warrants to purchase
      such number of shares of Common Stock equal to 10% of the number of Shares
      sold
      in the Offering at an exercise price of $5.00, subject to adjustment under
      certain circumstances.
This
      Current Report on Form 8-K is issued pursuant to Rule 135c under the Securities
      Act and shall not constitute an offer to sell or the solicitation of an offer
      to
      buy the Shares, nor shall there be any sale of the Shares in any state in which
      such offer, solicitation or sale would be unlawful prior to the registration
      or
      qualification under the securities laws of any such state.
Item
      9.01. Financial Statements and Exhibits.
(a)
Not
                applicable
(b)
Not
                applicable
(c)
The
                following exhibits are filed herewith:
Exhibit
                10.1
Redemption
                Agreement dated June 26, 2006.
Exhibit
                10.2
Placement
                Agency Agreement dated June 27,
                2006.
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.
Adagio
                Acquisition I, Inc.
(Registrant)
Date
:
              June 28, 2006
By:
/s/
              William P. Dioguardi
William
              P. Dioguardi, President