<PAGE>
As filed with the Securities and Exchange Commission on November 18, 1997
File No. 333-40247
===============================================================================
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
AMENDMENT NO. 1
To
Form S-1
REGISTRATION STATEMENT
Under
THE SECURITIES ACT OF 1933
ARIEL CORPORATION
<TABLE>
<S> <C> <C>
Delaware 3571 13-3137699
(State or other jurisdiction of (Primary Standard Industrial (I.R.S. Employer
incorporation or organization) Classification Code Number) Identification No.)
</TABLE>
2540 Route 130
Cranbury, NJ 08512
(609) 860-2900
(Address, including zip code, and telephone number,
including area code, of registrant's principal executive offices)
Mr. Anthony M. Agnello
Ariel Corporation
2540 Route 130
Cranbury, NJ 08512
(609) 860-2900
(Name, address and telephone number of agent for service)
Copies to:
Harold W. Paul, Esq.
Berger & Paul, LLP
630 Third Avenue
New York, New York 10017
(212) 661-2727
Fax (212) 661-7060
CALCULATION OF REGISTRATION FEE
<TABLE>
<CAPTION>
Proposed Proposed
Maximum Maximum Amount of
Title of each class of Amount being Offering Price Aggregate Registration
securities to be registered Registered Per Share Offering Price(1) Fee
- -----------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Common Stock, $.00l par value
per share .................. 125,000(1) $2.72 $ 340,000 $103.02
- -----------------------------------------------------------------------------------------------------
125,000(2) $7.50 $ 937,500 $284.06
- -----------------------------------------------------------------------------------------------------
Total ..................... 250,000 $1,277,500 $387.08
- -----------------------------------------------------------------------------------------------------
</TABLE>
(1) Issuable upon exercise of outstanding Common Stock Purchase Warrants at
$2.72 per share.
(2) Issuable upon exercise of outstanding Common Stock Purchase Warrants at
$7.50 per share.
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>
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 of Form S-1 and has authorized this Registration
Statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in Cranbury, New Jersey on November 14, 1997.
Ariel Corporation
By: /s/ Anthony M. Agnello
-------------------------------------
Anthony M. Agnello,
Chief Executive Officer
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following persons in the
capacities and on the dates indicated.
<TABLE>
<S> <C> <C>
/s/ Anthony M. Agnello Chief Executive Officer and Chairman November 14, 1997
- ------------------------- of the Board
Anthony M. Agnello
/s/ Gerard E. Dorsey Principal Accounting Officer and Chief November 14, 1997
- ------------------------- Financial Officer
Gerard E. Dorsey
/s/ Harold W. Paul Acting Secretary and Director November 14, 1997
-------------------------
Harold W. Paul
/s/ Jeffrey M. Sasmor Director November 14, 1997
- -------------------------
Jeffrey M. Sasmor
/s/ Robert J. Ranalli Director November 14, 1997
-------------------------
Robert J. Ranalli
/s/ Edward D. Horowitz Director November 14, 1997
- -------------------------
Edward D. Horowitz
/s/ Etienne A. Perold Director November 14, 1997
- -------------------------
Etienne A. Perold
</TABLE>
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