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AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON OCTOBER 1, 1998
REGISTRATION NO. 333-63755
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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AMENDMENT NO. 1
TO
FORM S-1
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
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CYBERNET INTERNET SERVICES INTERNATIONAL, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
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<S> <C> <C>
DELAWARE 7375
(STATE OF INCORPORATION) (PRIMARY STANDARD INDUSTRIAL (I.R.S. EMPLOYER
CLASSIFICATION CODE NUMBER) IDENTIFICATION NUMBER)
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(ADDRESS, INCLUDING ZIP CODE, AND TELEPHONE NUMBER, INCLUDING AREA CODE, OF
REGISTRANT'S PRINCIPAL EXECUTIVE OFFICES)
ANDREAS EDER
STEFAN-GEORGE-RING 19-23
81929 MUNICH, GERMANY
(NAME, ADDRESS, INCLUDING ZIP CODE, AND TELEPHONE NUMBER, INCLUDING AREA CODE,
OF AGENT FOR SERVICE)
COPIES TO:
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<S> <C> <C>
MICHAEL H. CHANIN, ESQ. HUBERT BESNER GUIDO SANDLER
POWELL, GOLDSTEIN, FRAZER BESNER KREIFELS WEBER BERLINER EFFEKTENBANK AG
& MURPHY LLP WIDENMAYERSTR 41 KURFUERSTENDAMM 119
1001 PENNSYLVANIA AVENUE, N.W. 80538 MUNICH, GERMANY 10711 BERLIN, GERMANY
WASHINGTON, D.C. 20004
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APPROXIMATE DATE OF COMMENCEMENT OF PROPOSED SALE TO THE PUBLIC:
As soon as practicable after the effective date of this Registration Statement.
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If any of the securities being registered on this form are to be offered on
a delayed or continuous basis pursuant to Rule 415 under the Securities Act of
1933, check the following box: [ ]
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CALCULATION OF REGISTRATION FEE
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TITLE OF EACH CLASS AMOUNT PROPOSED MAXIMUM PROPOSED MAXIMUM AMOUNT OF
OF SECURITIES TO BE OFFERING PRICE AGGREGATE REGISTRATION
TO BE REGISTERED REGISTERED PER UNIT OFFERING PRICE(1) FEE
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<S> <C> <C> <C> <C>
Common Stock (par
value $.001 per
share)............... 3,500,000 shares $20 $70,000,000 $20,650
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(1) Estimated solely for the purpose of calculating the amount of the
registration fee.
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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 THIS REGISTRATION STATEMENT SHALL BECOME
EFFECTIVE ON SUCH DATE AS THE COMMISSION, ACTING PURSUANT TO SECTION 8(A), MAY
DETERMINE.
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CYBERNET INTERNET SERVICES INTERNATIONAL, INC.
CROSS-REFERENCE SHEET
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<S> <C> <C>
I. Forepart of the Registration Statement and Forepart of the Registration Statement and
Outside Front Cover Page of Prospectus Outside Front Cover Page of Prospectus
II. Inside Front and Outside Back Cover Pages Inside Front and Outside Back Cover Pages
of Prospectus of Prospectus
III. Summary Information, Risk Factors and Prospectus Summary; Selected Consolidated
Ratio of Earnings to Fixed Charges Financial Data and Risk Factors (Ratio
of Earnings to Fixed Charges not
applicable)
IV. Use of Proceeds Use of Proceeds
V. Determination of Offering Price Underwriting, Outside Front Cover of
Prospectus
VI. Dilution Dilution
VII. Selling Security Holders Not Applicable
VIII. Plan of Distribution Front Cover Page of Prospectus;
Underwriting
IX. Description of Securities to be Registered Description of Capital Stock
X. Interest of Named Experts and Counsel Experts; Legal Matters
XI. Information with Respect to the Registrant Business; Legal Matters; Price Range of
Range of Common Stock; Consolidated
Financial Statements; Prospectus
Summary; Selected Consolidated Financial
Data; Management's Discussion and
Analysis of Financial Condition and
Results of Operations; Management;
Principal Stockholders
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PART II
INFORMATION NOT REQUIRED IN PROSPECTUS
ITEM 13. OTHER EXPENSES OF ISSUANCE AND DISTRIBUTION
The expenses in connection with the issuance and distribution of the
securities being registered, other than underwriting discounts and commissions,
are set forth in the following table. All amounts except the Securities and
Exchange Commission registration fee are estimated.
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<S> <C>
Securities and Exchange Commission registration fee......... $20.650
Printing and engraving expenses............................. *
Legal fees of Registrant.................................... *
Accountants' fees and expenses.............................. *
Miscellaneous............................................... *
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Total............................................. $ *
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* To be supplied by amendment
ITEM 14. INDEMNIFICATION OF DIRECTORS AND OFFICERS
The Delaware General Corporation Law, Section 145, provides that a
corporation shall have the power to indemnify a director, officer, employee or
agent of the corporation, consistent with law, as may be provided by its
articles of incorporation, bylaws, general or specific action of its board of
directors or contract. The Company's Articles of Incorporation and bylaws
provide for indemnification of directors, officers, employees or agents of the
Company and limit the liability of the directors of a corporation. The Company
does maintain directors and officer's insurance coverage.
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ITEM 15. RECENT SALES OF UNREGISTERED SECURITIES
During the years ended December 31, 1995, 1996 and 1997, and the eight
months ended August 30, 1998, the Company sold shares of Common Stock, Class A
Preferred, Class B Preferred and Class C Preferred, as follows:
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<S> <C> <C> <C> <C>
Securities Sold
Purchasers Consideration Exemption
Date Number of Shares
Class of Stock
June 1997 5,160,000 Series Cybermind Shares of Section 4(2)
B Preferred Cybernet AG
June 1997 1,200,000 Series 600,000 Cybermind Shares of Section 4(2)
A Preferred 262,500 Andreas Eder Cybernet AG
18,750 Roland Manger
75,000 Thomas Schulz
56,250 Rudolf Strobl
187,500 Holger Timm
June 1997 5,160,000 Common 2,257,500 Andreas Eder Shares of Section 4(2)
Stock 161,250 Roland Manger Cybernet AG
645,000 Thomas Schulz
483,750 Rudolf Strobl
1,612,500 Holger Timm
June 23, 1997 1,400,000(1) Private Placement $9,800,000 Regulation S
Series C Investors
Preferred
September 1, 1997 72,620 Common Stefan Heiligensetzer $619,106 Section 4(2)
Stock Lothar Bernecker Purchase of
Frank Marchewicz Artwise
Gerhard Schoenenberger
Rolf Strehle
December 1997 27,000 Common Eiderdown Trading Ltd Payment in Section 4(2)
Stock connection
with the
Eclipse
acquisition
August 1998 58,825 Common Open:Net Sellers Shares of Section 4(2)
Stock Thomas Egner Open:Net
Uwe Hagenmeier valued at
Markus Kress $94,286
Oliver Schaeffer
May 1998 700,000 Common Private Placement $12,600,000 Regulation S
Stock Investors
Closing of the 300,000 Common Vianet Sellers: Shares of Section 4(2)
Vianet Stock Tristan Libischer Vianet
Acquisition Alexander Wiesmueller
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(1) Between May 31, 1998 and July 22, 1998, 1,282,490 shares of Series C
Preferred Stock were converted to the same number of shares of Common Stock
by the holders thereof.
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<PAGE> 5
ITEM 16(A). EXHIBITS
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<S> <C>
1.1* Underwriting Agreement
2.1* Agreement and Plan of Merger between the Registrant and
Cybernet Internet Services International, Inc., a Utah
corporation, dated , 1998
3.1+ Certificate of Incorporation
3.2+ Bylaws
5.1* Opinion of Powell, Goldstein, Frazer & Murphy, LLP
10.1+ Sale and Assignment of Business Shares of Artwise GmbH
Software Solutions
10.2+ Sale and Assignment of Shares in Open:Net Internet Solutions
GmbH
10.3+ Sale of Eclipse srl
10.4+ Stock Purchase Agreement; Vianet
10.5+ Stock Purchase Agreement; Cybernet AG
10.6+ Pooling Agreement (Cybernet AG Acquisition)
10.7+ Pooling Agreement (Artwise Acquisition)
10.7.1+ Schedule of Additional Artwise Pooling Agreements
10.8+ Consulting Agreement (Eclipse Acquisition)
10.9+ Employment Agreement (Andreas Eder)
10.10+ Employment Agreement (Alessandro Giacalone)
10.11+ Employment Agreement (Christian Moosmann)
10.12+ Employment Agreement (Rudolf Strobl)
10.13+ Lease Munich
10.14+ Form of Miller Leasing Agreement
10.15+ Info AG Agreement
10.16+ Ebone Agreement
10.17+ Feratel Agreement
10.18* Stock Option Plan
10.19* Director Stock Option Plan
21.1+ Subsidiaries
23.1* Consent of Powell, Goldstein, Frazer & Murphy LLP (included
in Exhibit 5.1)
23.2+ Consent of Schitag Ernst & Young AG
23.3+ Consent of Ernst & Young Wirtschaftsprufungs-und
Steuerberatungsgesellschaft m.b.H
24+ Power of Attorney
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* To be filed by amendment
+ Previously filed
ITEM 17. UNDERTAKINGS
Insofar as indemnification for liabilities arising under the Securities Act
may be permitted to directors, officers and controlling persons of the
Registrant pursuant to the foregoing provisions or otherwise, the Registrant has
been advised that in the opinion of the Commission such indemnification is
against public policy as expressed in the Securities Act and is, therefore,
unenforceable. In the event that a claim for indemnification against such
liabilities (other than the payment by the Registrant of expenses incurred or
paid by a director, officer or controlling person of the Registrant in
successful defense of any action, suit or proceeding) is asserted against the
Registrant by such director, officer or controlling person in connection with
the securities being registered, the Registrant will, unless in the opinion of
its counsel the matter has been settled by controlling precedent, submit to a
court of appropriate jurisdiction the question whether such indemnification by
it is against public policy as expressed in the Securities Act and will be
governed by the final adjudication of such issue.
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SIGNATURES
Pursuant to 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 for filing on Amendment No. 1 to Form S-1 and has duly caused this
Registration Statement, or amendment thereto, to be signed on its behalf by the
undersigned, thereunto duly authorized, on September 18, 1998.
CYBERNET INTERNET SERVICES, INC.
By: /s/ ANDREAS EDER
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Chairman, Chief Executive Officer and
President
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement, or amendment thereto, has been signed by the following
persons in the capacities and on the dates indicated.
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SIGNATURE TITLE DATE
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<S> <C> <C>
/s/ ANDREAS EDER Chairman of the Board September 18, 1998
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Andreas Eder Executive Officer
/s/ TRISTAN LIBISCHER Director September 16, 1998
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Tristan Libischer
Director September , 1998
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Holger Timm
/s/ HUBERT BESNER Director September 18, 1998
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Hubert Besner
/s/ G.W. NORMAN WAREHAM Director September 18, 1998
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G.W. Norman Wareham
/s/ ROBERT FRATARCANGELO Director September 18, 1998
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Robert Fratarcangelo
/s/ CHRISTIAN MOOSMANN Principal Accounting September 18, 1998
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Christian Moosmann
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