FIRST PROSPECTUS SUPPLEMENT Filed Pursuant to Rule 424(b)(3)
(to Prospectus dated May 19, 2000) Registration No. 333-32816
2,827,273 Shares
AUTHORISZOR INC.
Common Stock
$.01 par value
-----------------------------
This first prospectus supplement supplements and amends the prospectus
dated May 19, 2000, relating to 2,827,273 shares of the common stock, par value
$.01, of Authoriszor Inc., that may be offered and sold from time to time by
certain of our stockholders. Unless the context otherwise requires,
"Authoriszor," the "Company," "we," "our," "us" and similar expressions refers
to Authoriszor Inc. and its predecessors, but not to the selling stockholders.
"Selling stockholders" refers to the stockholders identified under the caption
"Plan of Distribution; Selling Stockholder."
Our common stock is traded on the Nasdaq National Market under the
symbol "AUTH." On August 23, 2000, the closing price for our common stock on the
Nasdaq National Market was $10.50.
We will receive none of the proceeds from the sale of the common stock
offered by the selling stockholders. We will pay for expenses of preparing and
filing the registration statement, the prospectus, this first prospectus
supplement and all other prospectus supplements. The selling stockholders will
pay all selling and other expenses that they incur.
The prospectus, together with this first prospectus supplement,
constitutes the prospectus required to be delivered by Section 5(b) of the
Securities Act with respect to offers and sales of the shares of common stock.
All references in the prospectus to "this prospectus" are hereby amended to read
"this prospectus (as supplemented and amended)".
YOU SHOULD READ THE PROSPECTUS AND THIS PROSPECTUS SUPPLEMENT CAREFULLY
BEFORE YOU INVEST, INCLUDING THE RISK FACTORS WHICH BEGIN ON PAGE 4 OF THE
PROSPECTUS.
NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES
COMMISSION HAS APPROVED OR DISAPPROVED OF THESE SECURITIES OR DETERMINED IF THIS
PROSPECTUS SUPPLEMENT IS TRUTHFUL OR COMPLETE. ANY REPRESENTATION TO THE
CONTRARY IS A CRIMINAL OFFENSE.
-----------------------------
The date of this Prospectus Supplement is August 24, 2000.
<PAGE>
The prospectus is hereby amended to modify the table located in the
section of the prospectus entitled "Plan of Distribution; Selling Stockholders"
to delete the table in its entirety and, in lieu thereof, substitute the table
set forth below and add the following information:
<TABLE>
<CAPTION>
Common Stock
Beneficially Owned
After Offering(2)
------------------
Number of Shares
of Common Stock Number of
Beneficially Owned Shares of Common
Selling Stockholders Prior to Offering(1) Stock Offered Number Percent
-------------------- -------------------- ---------------- ------ -------
<S> <C> <C> <C> <C>
3i plc..................................... 136,000 136,000 0 *
AAZ Finances............................... 9,000 9,000 0 *
ABN AMRO Bank NV........................... 5,000 5,000 0 *
Alexander, David Turnbull.................. 1,373 1,373 0 *
Alexander, Nicholas ....................... 915 915 0 *
Allied Commercial Exports Ltd.............. 3,500 3,500 0 *
Apax Partners & Co......................... 28,000 28,000 0 *
Archdream Limited.......................... 2,500 2,500 0 *
Aros Securities AB......................... 2,000 2,000 0 *
Ashmore, Bruce............................. 6,500 6,500 0 *
Bank of Copenhagen......................... 20,000 20,000 0 *
Beeson Gregory Limited..................... 168,363 32,000 136,363 *
Bergson, Sheila............................ 1,147 1,147 0 *
Daniel, Simon ............................. 1,371 1,371 0 *
Deutsche Asset Management.................. 28,000 28,000 0 *
Donovan, Stephan........................... 2,250 2,250 0 *
Duncan Lawrie Ltd.......................... 90,000 90,000 0 *
Durlacher Ltd.............................. 45,000 45,000 0 *
Eagle & Dominion Asset Mgmt................ 105,000 105,000 0 *
Ellis Partners Ltd......................... 60,000 60,000 0 *
Fiske & Co................................. 46,000 46,000 0 *
Fleming Investment Mgmt Ltd................ 115,000 115,000 0 *
Freeman, Harvey............................ 682 682 0 *
Hargreaves (Marsden W.) Hale & Co.......... 4,500 4,500 0 *
John Harold Haynes......................... 4,500 4,500 0 *
Index IT Partnership....................... 110,000 110,000 0 *
JM Finn & Co............................... 5,000 5,000 0 *
JO Hambro Asset Management................. 70,000 70,000 0 *
JO Hambro Investment Mgmt.................. 6,500 6,500 0 *
Julius Baer Asset Management............... 590,000 590,000 0 *
Jupiter Asset Management................... 340,000 340,000 0 *
Laing & Cruickshank........................ 210,000 210,000 0 *
Lawman, David Peter........................ 330 330 0 *
Lewis, Gwilym Alexander Graham............. 664 664 0 *
Lewis, Justin Llewellyn Gareth ............ 265 265 0 *
Lewis, Melissa Harriet Christian........... 442 442 0 *
Lewis, Gareth Richard Lewis................ 664 664 0 *
Lewis, Rosemary Frances.................... 265 265 0 *
Mangareva S.A.............................. 1,829 1,829 0 *
Marwyn c/oRingwood Investments Ltd......... 14,000 14,000 0 *
Park Place Capital Ltd..................... 70,000 70,000 0 *
Petercam s.a............................... 50,000 50,000 0 *
PI Capital................................. 183 183 0 *
Rathbone Laurence Keen Ltd................. 4,000 4,000 0 *
Reabourne Limited.......................... 64,000 64,000 0 *
Rothschild Asset Management Ltd............ 102,000 102,000 0 *
Schroder Investment Mgmt Int'l Ltd......... 22,000 22,000 0 *
Smith & Williamson......................... 112,000 112,000 0 *
SocGen Asset Management.................... 45,000 45,000 0 *
Societe Generale Asset Management.......... 3,000 3,000 0 *
STG Asset Management AG.................... 23,500 23,500 0 *
Tarnhelm Securities Ltd.................... 900 900 0 *
Taylor Young Investment Mgmt Ltd........... 31,000 31,000 0 *
Tolley, Julian John........................ 993 993 0 *
WestLB..................................... 7,500 7,500 0 *
Williams de Broe Inv Mgmt Ltd.............. 91,000 1,323 0 *
R. Hadyn Silleck........................... 37,000 25,000 12,000 *
John B. Marvin............................. 25,000 25,000 0 *
Peter S. Daley............................. 35,000 25,000 10,000 *
Jay Lutsky................................. 97,000 25,000 72,000 *
--------------------
</TABLE>
* Indicates less than 1%.
<PAGE>
(1) Unless otherwise indicated, to our knowledge, the persons and entities
named in the table have sole voting and sole investment power with
respect to all shares of our common stock beneficially owned, subject
to community property laws where applicable. Represents those shares of
common stock held by the selling stockholders, if any, together with
those shares that such selling stockholder has the right to acquire
upon exercise of warrants or otherwise within 60 days.
(2) Because the selling stockholders may sell all or a portion of their
shares of common stock pursuant to this prospectus at any time and from
time to time, no estimate can be made of the number of shares of common
stocck that each selling stockholder may retain upon completion of the
offering by the selling stockholders. Therefore, this table assumes
that all shares of our common stock offered by this prospectus by each
selling stockholder are actually sold. Such presentation is based on
17,414,081 shares of our common stock outstanding as of May 16, 2000.
The selling stockholders have not, nor within the past three years have
the selling stockholders had, any position, office or other material
relationship with us or any of our predecessors or affiliates, except as set
forth in the prospectus.
