-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, S/CkHPgjviwMa5RbwJUyCRHeOdPpfghAtt5w+atXQ9YwtZ6nWSdoVLjbAcoAK+6w aBGLqk88XQubpPahdGvt1w== 0001013762-02-000009.txt : 20020414 0001013762-02-000009.hdr.sgml : 20020414 ACCESSION NUMBER: 0001013762-02-000009 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20020205 FILER: COMPANY DATA: COMPANY CONFORMED NAME: IBIZ TECHNOLOGY CORP CENTRAL INDEX KEY: 0001079893 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER TERMINALS [3575] IRS NUMBER: 860933890 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B3 SEC ACT: 1933 Act SEC FILE NUMBER: 333-74496 FILM NUMBER: 02527456 BUSINESS ADDRESS: STREET 1: 1919 WEST LONE CACTUS CITY: PHOENIX STATE: AZ ZIP: 85201 BUSINESS PHONE: 6239200 MAIL ADDRESS: STREET 1: 1919 WEST LONE CACTUS CITY: PHOENIX STATE: AZ ZIP: 85201 424B3 1 prospectus424b.txt PROSPECTUS SUPPLEMENT NO. 1 FILED PURSUANT TO RULE 424(B)(3) TO PROSPECTUS DATED DECEMBER 4, 2001 REGISTRATION NO. 333-74496 IBIZ TECHNOLOGY CORPORATION 300,000,000 shares of common shares This prospectus supplement relates to the resale by the selling stockholder of up to 300,000,000 shares of common stock. This prospectus supplement should be read in conjunction with the prospectus dated December 4, 2001, which is to be delivered with this prospectus supplement. Selling Security Holders The following table lists the selling security holders, the number of shares of common stock held by each selling security holder as of the date hereof, the number of shares included in the offering and the shares of common stock held by each such selling security holder after the offering. The shares included in the prospectus are issuable to the selling security holders upon conversion of the debentures or the exercise of warrants.
- -------------------- --------------- ------------- --------------- ------------ ---------- ------------- Total Percentage Total Shares of Common Percentage Amount of of Common Stock, Beneficial of Common Common Stock Assuming Shares of Ownership Stock Stock Owned Name Issuable Upon Full Common Stock Before the Owned After (5) Conversion of Conversion Included in Offering Before Offering Notes (4) (4) Prospectus (1) (4) Offering (4) - -------------------- --------------- ------------- --------------- ------------ ---------- ------------- Laurus Master 29,914,861 21.85% 43,902,899 5,620,066 4.99% -- Fund, Ltd. (2) - -------------------- --------------- ------------- --------------- ------------ ---------- ------------- Keshet L.P.(2) 24,201,390 18.45% 31,548,194 5,620,066 4.99% -- - -------------------- --------------- ------------- --------------- ------------ ---------- ------------- The Keshet Fund, 27,124,122 20.22% 33,403,970 5,620,066 4.99% -- L.P.(2) - -------------------- --------------- ------------- --------------- ------------ ---------- ------------- Esquire Trading & 30,574,833 22.22% 23,982,813 11,876,401 9.99% -- Finance, Inc.(3) - -------------------- --------------- ------------- --------------- ------------ ---------- ------------- Celeste Trust 19,656,667 15.52% 17,153,557 11,876,401 9.99% -- Reg.(3) - -------------------- --------------- ------------- --------------- ------------ ---------- ------------- Lites Trading, 62,500,000 36.87% 98,974,725 5,620,066 4.99% -- Co.(2) - -------------------- --------------- ------------- --------------- ------------ ---------- ------------- Talbiya B. 54,650,000 33.81% 51,033,843 5,620,066 4.99% -- Investment(2) - -------------------- --------------- ------------- --------------- ------------ ---------- ------------- TOTAL 248,621,873 300,000,000 -- - -------------------- --------------- ------------- --------------- ------------ ---------- -------------
The number and percentage of shares beneficially owned is determined in accordance with Rule 13d-3 of the Securities Exchange Act of 1934, and the information is not necessarily indicative of beneficial ownership for any other purpose. Under such rule, beneficial ownership includes any shares as to which the selling stockholder has sole or shared voting power or investment power and also any shares which the selling stockholder has the right to acquire within 60 days. The actual number of shares of common stock issuable upon the conversion of the debentures and exercise of the debenture warrants is subject to adjustment depending on, among other factors, the future market price of the common stock, and could be materially less or more than the number estimated in the table. (1) Because the number of shares of common stock issuable upon conversion of the convertible note is dependent in part upon the market price of the common stock prior to a conversion, the actual number of shares of common stock that will be issued upon conversion will fluctuate daily and cannot be determined at this time. (2) The selling stockholder has contractually agreed to restrict its ability to convert or exercise its warrants and receive shares of our common stock such that the number of shares of common stock held by it and its affiliates after such conversion or exercise does not exceed 4.99% of the then issued and outstanding shares of common stock. As a result of the contractual agreement not to exceed 4.99% beneficial ownership, the selling shareholder does not believe it is a control person as defined in the Securities Exchange Act of 1934 or is required to file a Schedule 13D. (3) The selling stockholder has contractually agreed to restrict its ability to convert or exercise its warrants and receive shares of our common stock such that the number of shares of common stock held by it and its affiliates after such conversion or exercise does not exceed 9.99% of the then issued and outstanding shares of common stock. (4) Assumes a conversion price of $.012 per share. (5) Assumes that all securities registered will be sold. (6) The following chart discloses the principal(s) of each selling security holder that is an entity and the person(s) with investment and dispositive power:
Investment/dispositive Security Holder Principal authority - --------------- --------- ---------------------- Laurus Master Fund, Ltd. David Grin David Grin Eugene Grin Eugene Grin Keshet L.P. Abraham Grin John Clark The Keshet Fund, L.P. Abraham Grin John Clark Esquire Trading & Finance, Inc. Gisella Kindel Gisella Kindel Celeste Trust Reg. Thomas Hackl Thomas Hackl Lites Trading Pablo Javier Espino Pablo Javier Espino Aida May Biggs Aida May Biggs Adlina M de Estribi Adlina M de Estribi Talbiya B. Investment John Clark John Clark
------------------------------ NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES COMMISSION HAS APPROVED OR DISAPPROVED OF THESE SECURITIES OR PASSED UPON THE ADEQUACY OR ACCURACY OF THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. ------------------------------ The date of this Prospectus Supplement is February 5, 2002. -----END PRIVACY-ENHANCED MESSAGE-----