EMUSIC COM INC
S-1MEF, 1999-09-23
PHONOGRAPH RECORDS & PRERECORDED AUDIO TAPES & DISKS
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<PAGE>

  As filed with the Securities and Exchange Commission on September 23, 1999

                                                     Registration No. 333-

- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------
                      SECURITIES AND EXCHANGE COMMISSION
                             Washington, DC 20549

                               ----------------
                                   FORM S-1
                            REGISTRATION STATEMENT
                                     UNDER
                          THE SECURITIES ACT OF 1933

                               ----------------
                                EMUSIC.COM INC.
            (Exact name of registrant as specified in its charter)

        Delaware                     3652                    94-3290594
(State or jurisdiction of      (Primary Standard          (I.R.S. Employer
    incorporation or              Industrial             Identification No.)
      organization)

                              Classification Code
                                    Number)
                           1991 Broadway, 2nd Floor
                        Redwood City, California 94063
                                (650) 216-0200
         (Address and telephone number of principal executive offices)
                               ----------------
                               Gene Hoffman, Jr.
                     President and Chief Executive Officer
                                EMusic.com Inc.
                           1991 Broadway, 2nd Floor
                        Redwood City, California 94063
                                (650) 216-0200
           (Name, address and telephone number of agent for service)

                                  Copies to:
            Bruce Schaeffer, Esq                   Warren Lazarow, Esq.
             Andrew Zeif, Esq.                     Armando Castro, Esq.
             Craig Malina, Esq.                   Vahe H. Sarrafian, Esq.
      Gray Cary Ware & Freidenrich LLP             Andrew R. Hull, Esq.
            400 Hamilton Avenue               Brobeck, Phleger & Harrison LLP
      Palo Alto, California 94301-1825             Two Embarcadero Place
               (650) 833-2000                         2200 Geng Road
                                                Palo Alto, California 94303
                                                      (650) 424-0160

                               ----------------
    Approximate date of commencement of proposed sale to the public: As soon
as practicable after the effective date of this Registration Statement.
                               ----------------

  If any of the securities being registered on this form are being offered on
a delayed or continuous basis pursuant to Rule 415 under the Securities Act of
1933, check the following box. [_]

  If this form is filed to register additional securities for an offering
pursuant to Rule 462(b) under the Securities Act, check the following box and
list the Securities Act registration statement number of the earlier effective
registration statement for the same offering. [X]

  If this form is a post-effective amendment filed pursuant to Rule 462(c)
under the Securities Act, check the following box and list the Securities Act
registration statement number of the earlier effective registration statement
for the same offering. [_]

  If this form is a post-effective amendment filed pursuant to Rule 462(d)
under the Securities Act, check the following box and list the Securities Act
registration statement number of the earlier effective registration statement
for the same offering. [_]

  If delivery of the prospectus is expected to be made pursuant to Rule 434,
please check the following box. [_]
                               ----------------
                        CALCULATION OF REGISTRATION FEE
<TABLE>
- ------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------
<CAPTION>
 Title of Each Class of                                                  Amount of
    Securities to be       Shares to be  Offering Price   Aggregate     Registration
     Registered(a)          Registered     per Share    Offering Price      Fee
- ------------------------------------------------------------------------------------
<S>                       <C>            <C>            <C>            <C>
Common Stock ($0.001 par
 value)................      310,500         $16.00     $4,968,000(b)      $1,382
- ------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------
</TABLE>
(a) This Registration Statement covers the sale of shares of common stock, par
    value $0.001 per share, by the Registrant and includes up to 40,500 shares
    of common stock which the Underwriters have the right to acquire solely to
    cover over-allotments, if any.
(b) Based on the actual offering price per share before underwriting discounts
    and commissions.

                               ----------------
  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>

                   Incorporation by Reference of Registration
        Statement on Form S-1, Registration Statement File No. 333-83685

  This Registration Statement filed pursuant to Rule 462(b) of the Securities
Act of 1933, as amended, by EMusic.com Inc. hereby incorporates by reference
into this Registration Statement on Form S-1, in its entirety, the Registration
Statement on Form S-1, as amended (Registration Statement File No. 333-83685)
declared effective on September 23, 1999 by the Securities and Exchange
Commission, including each of the documents filed by EMusic with the Commission
and incorporated or deemed to be incorporated by reference therein.
<PAGE>

                                   Signatures

In accordance with the requirements of the Securities Act of 1933, EMusic has
duly caused this registration statement to be signed on its behalf by the
undersigned, in the City of Redwood City, State of California, on the 23rd day
of September, 1999.

                                          EMUSIC.COM INC.

                                                   /s/ Gene Hoffman, Jr.
                                          By: _________________________________
                                                     Gene Hoffman, Jr.
                                                  Chief Executive Officer

Pursuant to the requirements of the Securities Act, this Registration Statement
has been signed by the following persons in the capacities and on the dates
indicated:

<TABLE>
<CAPTION>
              Signature                          Title                   Date
              ---------                          -----                   ----

<S>                                    <C>                        <C>
                  *                    Chairman of the Board and  September 23, 1999
______________________________________  Secretary
            Robert H. Kohn

        /s/ Gene Hoffman, Jr.          President, Chief Executive September 23, 1999
______________________________________  Officer and Director
          Gene Hoffman, Jr.             (Principal Executive
                                        Officer)

                  *                    Executive Vice President   September 23, 1999
______________________________________  and Chief Financial
           Joseph H. Howell             Officer (Principal
                                        Financial and Accounting
                                        Officer)

                  *                    Director                   September 23, 1999
______________________________________
            Ralph Peer, II

                  *                    Director                   September 23, 1999
______________________________________
              Tor Braham

                  *                    Director                   September 23, 1999
______________________________________
            Ed Rosenblatt

        /s/ Gene Hoffman, Jr.
*By: _________________________________
  Gene Hoffman, Jr., Attorney-in-Fact
</TABLE>

                                      II-1
<PAGE>

                               INDEX TO EXHIBITS

<TABLE>
<CAPTION>
 Exhibit
 Number                         Description of Document
 -------                        -----------------------
 <C>     <S>
   5.1   Opinion of Gray Cary Ware & Freidenrich LLP
  23.1   Consent of PricewaterhouseCoopers LLP
  23.2   Consent of Gray Cary Ware & Freidenrich LLP (included in Exhibit 5.1)
  24.1*  Power of Attorney
</TABLE>
- ------------------
 * Incorporated by reference to the Registrant's Registration Statement on Form
   S-1, as amended (Registration Statement File Number 333-83685).

<PAGE>

                                                                     EXHIBIT 5.1

                 [GRAY CARY WARE & FREIDENRICH LLP LETTERHEAD]



September 23, 1999

Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C.  20549

     Re:    EMusic.com Inc.
            Registration Statement on Form S-1

Ladies and Gentlemen:

        As counsel to EMusic.com Inc. (the "Company"), we are rendering this
opinion in connection with a proposed sale of those certain shares of the
Company's newly-issued Common Stock as set forth in the Registration Statement
on Form S-1 to which this opinion is being filed as Exhibit 5.1 (the "Shares").
We have examined all instruments, documents and records which we deemed
relevant and necessary for the basis of our opinion hereinafter expressed.
In such examination, we have assumed the genuineness of all signatures
and the authenticity of all documents submitted to us as originals and the
conformity to the originals of all documents submitted to us as copies.

        We express no opinion with respect to (i) the availability of equitable
remedies, including specific performance, or (ii) the effect of bankruptcy,
insolvency, reorganization, moratorium or equitable principles relating to or
limiting creditors' rights generally.

        Based on such examination, we are of the opinion that the Shares
identified in the above-referenced Registration Statement will be, upon
effectiveness of the Registration Statement and receipt by the Company of
payment therefor, validly authorized, legally issued, fully paid, and
nonassessable.

        We hereby consent to the filing of this opinion as an exhibit to the
above-referenced Registration Statement and to the use of our name wherever it
appears in said Registration Statement, including the Prospectus constituting a
part thereof, as originally filed or as subsequently amended.

                            Respectfully submitted,

                            /s/  Gray Cary Ware & Freidenrich LLP

                           GRAY CARY WARE & FREIDENRICH LLP

<PAGE>

                                                                    EXHIBIT 23.1

                       CONSENT OF INDEPENDENT ACCOUNTANTS

We hereby consent to the use in this Registration Statement on Form S-1 of our
report dated July 26, 1999 relating to the financial statements of EMusic.com
Inc. (formerly Goodnoise Corporation), our report dated March 31, 1999 relating
to the financial statement of Creative Fulfillment Inc., and our report dated
July 21, 1999 relating to the financial statements of Internet Underground
Music Archive Inc. ("IUMA") which appear in such Registration Statement. We
also consent to the reference to us under the heading "Experts" in such
Registration Statement.

/s/  PricewaterhouseCoopers LLP

San Jose, California
September 23, 1999


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