As filed with the Securities and Exchange Commission on January 6, 1999
Registration No. 333-69311
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
----------------
AMENDMENT NO. 1 TO
FORM S-3
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
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GREG MANNING AUCTIONS, INC.
(Exact name of registrant as specified in its charter)
New York 7389 22-2365834
(State or other (Primary Standard Industrial (I.R.S. Employer
jurisdiction of Classification Code Number) Identification No.)
incorporation or
organization)
775 Passaic Avenue
West Caldwell, New Jersey 07006
(973) 882-0004
(Address, including zip code, and telephone number,
including area code, of registrant's principal executive offices)
----------------
GREG MANNING
775 Passaic Avenue
West Caldwell, New Jersey 07006
(973) 882-0004
(Name, address, including zip code, and telephone number,
including area code, of agent for service)
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COPIES TO:
SCOTT S. ROSENBLUM, ESQ.
PETER G. SMITH, ESQ.
Kramer Levin Naftalis & Frankel LLP
919 Third Avenue
New York, New York 10022
(212) 715-9100
Approximate date of commencement of proposed sale to the public: As soon
as practicable after the effective date of this Registration Statement.
If the securities being registered on this form are being offered
pursuant to dividend or interest reinvestment plans, please check the following
box. |_|
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, as amended (the "Securities Act"), check the following box. |X|
<PAGE>
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 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(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 the delivery of the prospectus is expected to be made pursuant to
Rule 434, please check the following box. |_|
<TABLE>
<CAPTION>
CALCULATION OF REGISTRATION FEE
========================================================================================================================
Number of Proposed
Shares Maximum Proposed Maximum
Title of Shares to be Offering Price Aggregate Amount of
to be Registered Registered Per Share Offering Price(1) Registration Fee
- ------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Common Stock, par value $.01 per share........ 200,000 $13.03 $2,606,250 $525
========================================================================================================================
</TABLE>
(1) Estimated solely for the purposes of calculating the registration fee
pursuant to Rule 457(c) under the Securities Act, based on the average
of the high and low sales prices for the Common Stock reported on the
Nasdaq SmallCap Market on December 14, 1998.
The Registrant hereby amends this Registration Statement on such date or
dates as may be necessary to delay its effective date until the Registrant shall
file a further amendment which specifically states that this Registration
Statement shall thereafter become effective in accordance with Section 8(a) of
the Securities Act or until this Registration Statement shall become effective
on such date as the Commission, acting pursuant to said Section 8(a), may
determine.
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PART II
INFORMATION NOT REQUIRED IN PROSPECTUS
Item 14. Other Expenses of Issuance and Distribution.
The Registrant estimates that expenses payable by the Registrant in
connection with the offering described in this Registration Statement will be as
follows:
Total
SEC registration fee (actual) ............................................$ 525
Accounting fees and expenses .............................................$ 500
Legal fees and expenses...................................................$7000
Printing and engraving expenses...........................................$1000
Miscellaneous expenses....................................................$1000
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10,025
<PAGE>
Item 16. Exhibits
Exhibit No. Description
- ----------- -----------
5.1** Opinion of Kramer Levin Naftalis & Frankel LLP.
23.1* Consent of Amper, Politziner & Mattia P.A.
23.2** Consent of Kramer Levin Naftalis & Frankel LLP (contained in the
opinion filed as Exhibit 5.1 hereto).
24.1* Power of Attorney
- ----------------------
* Previously filed
** Filed herewith
<PAGE>
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 Form S-3 and has duly caused this amendment to
registration statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in the City of New York, State of New York, on January 6, 1999.
GREG MANNING AUCTIONS, INC.
By: /s/ Greg Manning
----------------------------------------
Name: Greg Manning
Title: Chairman of the Board, 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
- --------- ----- ----
<S> <C> <C>
/s/James Smith Chief Financial Officer (Principal January 6, 1999
- --------------------------- Financial and Accounting Officer)
James Smith
/s/Greg Manning Chairman of the Board, President and January 6, 1999
- --------------------------- Chief Executive Officer and Director
Greg Manning
/s/William Tully Executive Vice President, Chief January 6, 1999
- --------------------------- Operating Officer and Director
William Tully
/s/Anthony Bongiovanni Director January 6, 1999
- ---------------------------
Anthony Bongiovanni
/s/Albertino Detigueiredo Director January 6, 1999
- ---------------------------
Albertino Detigueiredo
/s/Leon Liebman Director January 6, 1999
- ---------------------------
Leon Liebman
/s/Scott Rosenblum Director January 6, 1999
- ---------------------------
Scott Rosenblum
</TABLE>
<PAGE>
EXHIBIT INDEX
Exhibit No. Description
- ----------- -----------
5.1** Opinion of Kramer Levin Naftalis & Frankel LLP.
23.1* Consent of Amper, Politziner & Mattia P.A.
23.2** Consent of Kramer Levin Naftalis & Frankel LLP (contained in the
opinion filed as Exhibit 5.1 hereto).
24.1* Power of Attorney (contained on the signature page of this
Registration Statement).
- -------------------
* Previously filed
** Filed herewith
Exhibit 5.1
KRAMER LEVIN NAFTALIS & FRANKEL LLP
9 1 9 T H I R D A V E N U E
NEW YORK, N.Y. 10022 - 3852
(212) 715 - 9100
ARTHUR H. AUFSES III MONICA C. LORD ARTHUR B. KRAMER
THOMAS D. BALLIETT RICHARD MARLIN MAURICE N. NESSEN
JAY G. BARIS THOMAS MOERS MAYER FOUNDING PARTNERS
PHILIP BENTLEY THOMAS E. MOLNER RETIRED
SAUL E. BURIAN THOMAS H. MORELAND ------
BARRY MICHAEL CASS ELLEN R. NADLER MARTIN BALSAM
NICHOLAS L. COCH GARY P. NAFTALIS JOSHUA M. BERMAN
THOMAS E. CONSTANCE MICHAEL J. NASSAU JULES BUCHWALD
JOHN E. DANIEL MICHAEL S. NELSON S. ELLIOTT COHAN
MICHAEL J. DELL JAY A. NEVELOFF RUDOLPH DE WINTER
KENNETH H. ECKSTEIN MICHAEL S. OBERMAN MEYER EISENBERG
CHARLOTTE M. FISCHMAN PAUL S. PEARLMAN SAMUEL M. EISENSTAT
DAVID S. FRANKEL SUSAN J. PENRY-WILLIAMS ARTHUR D. EMIL
MARVIN E. FRANKEL BRUCE RABB MARIA T. JONES
ALAN R. FRIEDMAN ALLAN E. REZNICK SHERWIN KAMIN
CARL FRISCHLING DONALD L. RHOADS ANDREW J. MALONEY
MARK J. HEADLEY SCOTT S. ROSENBLUM GEORGE M. MURPHY
ROBERT M. HELLER MICHELE D. ROSS MAXWELL M. RABB
GEORGE P. HOARE HOWARD J. ROTHMAN JAMES SCHREIBER
PHILIP S. KAUFMAN MARK B. SEGALL COUNSEL
PETER S. KOLEVZON JUDITH SINGER ------
KENNETH P. KOPELMAN PETER G. SMITH M. FRANCES BUCHINSKY
MICHAEL PAUL KOROTKIN HOWARD A. SOBEL JEFFREY W. DAVIS
SHARI K. KROUNER JEFFREY S. TRACHTMAN ABBE L. DIENSTAG
KEVIN B. LEBLANG NEIL R. TUCKER MARILYN FEUER
DAVID P. LEVIN JONATHAN M. WAGNER RONALD S. GREENBERG
EZRA G. LEVIN HAROLD P. WEINBERGER ROBERT T. SCHMIDT
RANDY LIPSITZ ALAN S. WILMIT HELAYNE O. STOOPACK
LARRY M. LOEB E. LISK WYCKOFF, JR. SPECIAL COUNSEL
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FACSIMILE
(212) 715-8000
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WRITER'S DIRECT NUMBER
(212) 715-9100
January 6, 1999
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Avenue, N.W.
Washington, D.C. 20549
Re: Greg Manning Auctions, Inc. - Registration
Statement on Form S-3 (File No. 333-69311)
------------------------------------------
Ladies and Gentlemen:
We have acted as counsel to Greg Manning Auctions, Inc., a New
York corporation (the "Company"), in connection with the preparation and filing
of the above-captioned Registration Statement on Form S-3 (the "Registration
Statement") under the Securities Act of 1933, as amended (the "Securities Act"),
covering 200,000 shares of common stock, par value $0.01 per share (the
"Shares"), of the Company issuable upon exercise of a warrant (the "Warrant")
granted by the Company to the selling stockholder named in the Registration
Statement.
As such counsel we have examined such corporate records,
certificates and other documents and such questions of law as we have considered
necessary or appropriate for the purposes of this opinion. In rendering this
opinion, we have (a) assumed (i) the genuineness of all signatures on all
documents examined by us, (ii) the authenticity of all documents submitted to us
as originals, and (iii) the conformity to original documents of all documents
submitted to us as photostatic or conformed copies and the authenticity of the
originals of such copies; and (b) relied on (i) certificates of public officials
and (ii) as to matters of fact, statements and certificates of officers of the
Company.
<PAGE>
KRAMER LEVIN NAFTALIS & FRANKEL LLP
January 6, 1999
Page 2
Based upon the foregoing, we are of the opinion that the Shares,
upon issuance upon exercise of the Warrant in accordance with its terms, will
have been validly authorized and issued, and will be fully paid and
non-assessable shares of common stock of the Company.
We are attorneys admitted to the Bar of the State of New York,
and we express no opinion as to the laws of any other jurisdiction other than
the laws of the United States of America.
We consent to the filing of this opinion as an exhibit to the
Registration Statement and to the use of our name under the heading "Legal
Matters" in the prospectus forming a part of the Registration Statement. In
giving such consent we do not thereby concede that we are within the category of
persons whose consent is required under Section 7 of the Securities Act or the
rules and regulations promulgated thereunder.
Very truly yours,
KRAMER LEVIN NAFTALIS & FRANKEL LLP
