UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
POST-EFFECTIVE AMENDMENT NO. 1 TO
FORM SB-2
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
BUTTERFLY TECHNOLOGY, INC.
(Name of small business issuer in its charter)
Nevada 6770
(State or jurisdiction (Primary Standard Industrial (I.R.S.
Employer
of incorporation or Classification Code Number) Identification No.)
organization)
63 Wall Street, Suite 1801, New York, NY 10005 (212) 344-1600
(Address and telephone number of principal executive offices)
63 Wall Street, Suite 1801, New York, NY 10005
(Address of Principal place of business or
intended principal place of business)
Joel Schonfeld, 63 Wall Street, Suite 1801, New York, NY (212) 344-1600
(Name, address, and telephone number of agent for service)
Approximate date of proposed sale to the public as soon as practicable after
the effective date of this Registration Statement and Prospectus.
By: Schonfeld & Weinstein, L.L.P.
63 Wall Street, Suite 1801
New York, New York 10005
(212) 344-1600
The registrant hereby amends this registration statement on such
date or dates as may be necessary to delay its effective date until the
registrant shall file a further amendment which specifically states that this
registration statement shall thereafter become effective in accordance with
Section 8(a) of the Securities Act of 1933 or until the registration statement
shall become effective on such date as the Commission, acting pursuant to said
Section 8(a), may determine.
<PAGE>
The purpose of this post-effective amendment is to withdraw from registration
the reconfirmation offering of securities issued by Butterfly Technology, Inc.
(the "Company") in its initial public offering.
This registration statement is being withdrawn because the eighteen (18) month
period proscribed by Rule 419 of the Securities Act of 1933, as amended ("Rule
419") will expire on August 5, 1997, and the Company has not succeeded in
finding an appropriate merger candidate.).
Pursuant to Rule 419, the Company was able to request release of up to 10% of
the investors funds deposited in escrow. The Company did request such
release. The Company will return investors' funds, currently held in escrow,
on a pro-rata basis.
<PAGE>
SIGNATURES
In accordance with the requirements of the Securities Act of 1933, the
registrant certifies that it has reasonable grounds to believe that it meets
all of the requirements of filing on Form SB-2 and authorized this
registration statement to be signed on its behalf by the undersigned, in the
City of New York , State of New York, on June 10, 1997.
BUTTERFLY TECHNOLOGY, INC.
(Registrant)
BY: Oleg Lagutenko
Oleg Lagutenko, President
In accordance with the requirements of the Securities Act of 1933, this
registration statement was signed by the following persons in the capacities
and on the dates stated.
Oleg Lagutenko
Oleg Lagutenko DATED: 6/10/97
President, Director
Melvyn S. Aronoff
Melvyn S. Aronoff DATED: 6/10/97
Secretary, Director
Anatoly Feldman
Anatoly Feldman DATED: 6/10/97
Director
