0000950131-01-503516.txt : 20011009
0000950131-01-503516.hdr.sgml : 20011009
ACCESSION NUMBER: 0000950131-01-503516
CONFORMED SUBMISSION TYPE: 424B3
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20010925
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: DAUPHIN TECHNOLOGY INC
CENTRAL INDEX KEY: 0000832489
STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER & OFFICE EQUIPMENT [3570]
IRS NUMBER: 870455038
STATE OF INCORPORATION: IL
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 424B3
SEC ACT: 1933 Act
SEC FILE NUMBER: 333-35808
FILM NUMBER: 1744162
BUSINESS ADDRESS:
STREET 1: 800 E NORTHWEST
STREET 2: STE 950
CITY: PALATINE
STATE: IL
ZIP: 60067
BUSINESS PHONE: 8473584406
MAIL ADDRESS:
STREET 1: 800 E NORTHWEST HIGHWAY SUITE 950
CITY: PALATINE
STATE: IL
ZIP: 60067
FORMER COMPANY:
FORMER CONFORMED NAME: SUCCESSO INC
DATE OF NAME CHANGE: 19910410
424B3
1
d424b3.txt
PROPSECTUS SUPPLEMENT
Filed Pursuant to Rule 424(b)(3)
Registration No. 333-35808
Dauphin Technology, Inc.
Prospectus Supplement
(To Prospectus Dated July 21, 2000)
You should read this prospectus supplement and the related prospectus
carefully before you invest. Both documents contain information you should
consider when making your investment decision.
On August 14, 2001, we issued a drawdown notice to Techrich
International Limited in connection with the common stock purchase agreement
dated April 9, 2000, evidencing an equity draw down facility between us and
Techrich. This notice exercised our right to sell up to $300,000 of our common
stock to Techrich based on the formula in the stock purchase agreement, during
the 22 trading day period beginning on August 15, 2001 and ending on September
20, 2001, but at not less than $.80 per share. During the 22 trading days,
Techrich purchased a total of 258,968 shares of our common stock at an average
purchase price of $1.1584 per share. These purchases resulted in aggregate
proceeds of $300,000 being paid and released from escrow to us by Techrich. In
addition, Techrich received warrants to purchase up to 22,006 shares of common
stock, with an exercise price of $1.14516 per share, as part of the purchase.
Ladenburg Thalmann & Co. Inc. received $9,000 as a placement fee in connection
with this drawdown. We will use the proceeds from this drawdown to complete set-
top box design and for general operating purposes.
The attached prospectus relates to the resale of shares acquired by
Techrich pursuant to the stock purchase agreement and pursuant to the exercise
of warrants held by Techrich and Ladenburg. As of the date of this prospectus
supplement, Techrich has received warrants to purchase 168,115 shares of common
stock and Ladenburg has received warrants to purchase 250,000 shares of common
stock. Because Techrich and Ladenburg may sell some or all of these shares, and
because there are currently no agreements, arrangements or understandings with
respect to the sale of any of these shares, we cannot estimate the actual amount
of shares that they will hold after the completion of the offering.
The date of this prospectus supplement is September 21, 2001