INNERDYNE INC
S-1MEF, 1996-05-15
SURGICAL & MEDICAL INSTRUMENTS & APPARATUS
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<PAGE>

      AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON MAY 15, 1996
 
                                                       REGISTRATION NO. 333-
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
 
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                         ------------------------------
                                    FORM S-1
                             REGISTRATION STATEMENT
                                     UNDER
                           THE SECURITIES ACT OF 1933
                            ------------------------
                                INNERDYNE, INC.
             (Exact Name of Registrant as specified in its charter)
 
<TABLE>
<S>                              <C>                            <C>
           DELAWARE                          3841                  87-0431168
 (State or other jurisdiction    (Primary Standard Industrial   (I.R.S. Employer
              of                 Classification Code Number)     Identification
incorporation or organization)                                      Number)
</TABLE>
 
                              1244 REAMWOOD AVENUE
                              SUNNYVALE, CA 94089
                                 (408) 745-6010
              (Address, including zip code, and telephone number,
       including area code, of Registrant's principal executive offices)
 
                               WILLIAM G. MAVITY
                     PRESIDENT AND CHIEF EXECUTIVE OFFICER
                                INNERDYNE, INC.
                              1244 REAMWOOD AVENUE
                              SUNNYVALE, CA 94089
                                 (408) 745-6010
           (Name, address, including zip code, and telephone number,
                   including area code, of agent for service)
                         ------------------------------
 
                                   COPIES TO:
 
<TABLE>
<S>                                       <C>
           Cathryn S. Chinn                           Mark E. Bonham
          Glen R. Van Ligten                        Robert D. Brownell
           Laura A. Gordon                             Warren Chao
          VENTURE LAW GROUP,                WILSON SONSINI GOODRICH & ROSATI,
      A Professional Corporation                 Professional Corporation
         2800 Sand Hill Road                        650 Page Mill Road
         Menlo Park, CA 94025                    Palo Alto, CA 94304-1050
            (415) 854-4488                            (415) 493-9300
</TABLE>
 
                         ------------------------------
 
        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 to be 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, please check the following box
and list  the  Securities  Act  registration number  of  the  earlier  effective
registration statement for the same offering. /X/  SEC File No. 333-3196
 
    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 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                                      PROPOSED MAXIMUM        PROPOSED MAXIMUM
            OF SECURITIES                     AMOUNT TO BE       OFFERING PRICE PER      AGGREGATE OFFERING          AMOUNT OF
          TO BE REGISTERED                 REGISTERED (1)(5)          SHARE (2)              PRICE (2)         REGISTRATION FEE (5)
<S>                                        <C>                   <C>                     <C>                   <C>
Common Stock, $0.01 par value per 
 share. . . . . . . . . . . . . . . . . .     172,500 shs              $ 3.50               $603,750                 $208
Representative's Warrant. . . . . . . . .      15,000(3)               $0.001               $     15                  --
Common Stock, $.01 par value. . . . . . .      15,000(4)               $ 4.20               $ 63,000                 $ 22
Total . . . . . . . . . . . . . . . . . .                                                                            $230
</TABLE>

(1)  Includes 22,500 additional shares which the Underwriters have the option to
     purchase to cover over-allotments, if any, and up to 15,000 additional 
     shares issuable upon exercise of a warrant being issued to Cruttenden Roth 
     Incorporated, the Representative of the Underwriters.

(2)  Estimated solely for the purpose of computing the amount of the 
     registration fee pursuant to Rule 457(a).

(3)  To be issued to the Representative.

(4)  Issuable upon exercise of the Representative's Warrant.

(5)  2,702,000 shares, a Representative's Warrant to purchase 235,000 shares and
     235,000 shares issuable upon exercise of the Representative's Warrant were
     registered under SEC File No. 333-3196, and a filing fee of $3,293 was 
     previously paid with the earlier registration statement.

    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 SECURITIES AND
    EXCHANGE COMMISSION, ACTING PURSUANT TO SAID SECTION 8(a), MAY DETERMINE.
 
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------

<PAGE>

                               EXPLANATORY NOTE

     This registration statement relates to the public offering of Common 
Stock of InnerDyne, Inc. contemplated by a Registration Statement on Form S-1, 
Securities and Exchange Commission File No. 333-3196 (the "Prior Registration 
Statement") and is filed solely to increase the number of shares to be offered 
in such offering by 150,000 shares plus up to 22,500 shares that may be sold 
pursuant to the Underwriters' over-allotment option and up to 15,000 shares 
issuable upon exercise of a warrant being issued to Cruttendon Roth 
Incorporated, the Representative of the Underwriters. The contents of the Prior
Registration Statement are hereby incorporated by reference.

<PAGE>
                                   SIGNATURES
 
    Pursuant  to the requirements of the  Securities Act of 1933, the Registrant
has duly caused this Registration  Statement to be signed  on its behalf by  the
undersigned,  thereunto  duly authorized,  in the  City  of Sunnyvale,  State of
California, on May 15, 1996.
 
                                          INNERDYNE, INC.
 
                                          By:         /s/ WILLIAM G. MAVITY
                                             -----------------------------------
                                                       William G. Mavity
                                                 PRESIDENT AND CHIEF EXECUTIVE
                                                           OFFICER
 
    PURSUANT  TO  THE  REQUIREMENTS  OF   THE  SECURITIES  ACT  OF  1933,   THIS
REGISTRATION  STATEMENT  HAS  BEEN  SIGNED  BY  THE  FOLLOWING  PERSONS  IN  THE
CAPACITIES AND ON THE DATES INDICATED:
 
<TABLE>
<CAPTION>
                      SIGNATURE                                           TITLE                          DATE
- ------------------------------------------------------  -----------------------------------------  ----------------
 
<C>                                                     <S>                                        <C>
                   /s/ WILLIAM G. MAVITY
     -------------------------------------------        President, Chief Executive Officer and       May 15, 1996
                  William G. Mavity                      Director (Principal Executive Officer)
 
                       ROBERT A. STERN*                 Vice President and Chief Financial
     -------------------------------------------         Officer (Principal Financial and            May 15, 1996
                   Robert A. Stern                       Accounting Officer)
 
                       EDWARD W. BENECKE*
     -------------------------------------------        Director                                     May 15, 1996
                  Edward W. Benecke
 
                        ROBERT M. CURTIS*
     -------------------------------------------        Director                                     May 15, 1996
                   Robert M. Curtis
 
                        EUGENE J. FISCHER*
     -------------------------------------------        Director                                     May 15, 1996
                  Eugene J. Fischer
 
                           GUY P. NOHRA*
     -------------------------------------------        Director                                     May 15, 1996
                     Guy P. Nohra
 
                         STEVEN N. WEISS*
     -------------------------------------------        Director                                     May 15, 1996
                   Steven N. Weiss
 
           *By:     /s/ WILLIAM G. MAVITY
       ---------------------------------------
                   William G. Mavity
                   ATTORNEY-IN-FACT
</TABLE>
 
                                      II-1

<PAGE>
                                 EXHIBIT INDEX
 
<TABLE>
Exhibit
Number                                                                                     Page Number
- -------                                                                                    -----------
<C>               <S>                                                                      <C>
  5.1             Opinion of Venture Law Group. . . . . . . . . . . . . . . 
 23.1             Consent of Independent Certified Public Accountants . . . 
 23.2             Consent of Counsel (included in Exhibit 5.1).
 24.1*            Power of Attorney.
</TABLE>
 
- ------------------------
*Incorporated by reference from Registration Statement on Form S-1 of the 
 Registrant, Commission File No. 333-3196.





<PAGE>

                        [VENTURE LAW GROUP LETTERHEAD]


                                 May 15, 1996



InnerDyne, Inc.
1244 Reamwood Avenue
Sunnyvale, California 94089

     REGISTRATION STATEMENT ON FORM S-1

Ladies and Gentlemen:

     We have examined the Registration Statement on Form S-1 filed by you with 
the Securities and Exchange Commission on or about May 15, 1996 that is 
effective upon filing pursuant to Rule 462(b) promulgated under the Securities 
Act of 1933, as amended (the "Act") (the "Registration Statement") in 
connection with the registration under the Act of up to 187,500 shares of your 
Common Stock (the "Shares") in connection with a public offering in the 
United States and a warrant (the "Representative's Warrant") to be issued to 
the Representative of the Underwriters to purchase 15,000 shares of your 
Common Stock. The Shares include (i) 22,500 shares of your Common Stock 
issuable upon exercise of an option granted to the Underwriters that may be 
exercised to cover over-allotments, if any, up to all of which shares may be 
offered by Selling Stockholders and (ii) 15,000 shares of your Common Stock 
that are issuable upon exercise of the Representative's Warrant (the "Warrant 
Shares"). As your counsel in connection with this transaction, we have 
examined the proceedings taken and are familiar with the proceedings proposed 
to be taken by you in connection with the sale and issuance of the Shares.

     It is our opinion that upon conclusion of the proceedings being taken or 
contemplated by us, as your counsel, to be taken prior to the issuance of the 
Shares, and upon completion of the proceedings being taken in order to permit 
such transactions to be carried out in accordance with the securities laws of 
the various states where required, the Shares when issued and sold in the 
manner described in the Registration Statement and, in the case of the Warrant 
Shares, when issued, sold and delivered in accordance with the terms of the 
Representative's Warrant, will be legally and validly issued, fully paid and 
non-assessable.

<PAGE>

May 15, 1996            [VENTURE LAW GROUP LETTERHEAD]
Page 2


     We consent to the use of this opinion as an exhibit to the Registration 
Statement, and further consent to the use of our name wherever appearing in 
the Registration Statement, including the Prospectus constituting a part 
thereof, and in any amendment thereto.

                                      Sincerely,


                                      VENTURE LAW GROUP
                                      A Professional Corporation




CSC


<PAGE>
                                                                    EXHIBIT 23.1
 
              CONSENT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS
 
    We consent to the use of our report dated March 15, 1996 included in the 
Registration Statement on Form S-1 (File No. 333-3196) and to the reference to 
our firm under the heading "Experts" in the related prospectus. We further 
consent to incorporation by reference of this consent into a related 
registration statement that is effective upon filing pursuant to Securities 
and Exchange Commission Rule 462(b) under the Securities Act of 1933, as 
amended.
 
                                          KPMG Peat Marwick LLP
 
San Francisco, California
May 15, 1996
 


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