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Prospectus Supplement No. 3 |
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Filed Pursuant to Rule 424(b)(3) |
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to Prospectus Dated April 30, 2004 |
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Registration No. 333-114268 |
$105,000,000
(Aggregate Principal Amount)
2.0% Convertible Senior Notes Due 2024, Related Guarantees and
the Common Stock Issuable Upon Conversion of the Notes
This prospectus supplement supplements the information contained in the prospectus of Comtech Telecommunications Corp. (“Comtech”) dated April 30, 2004 (the “Prospectus”), relating to the potential resale from time to time of Comtech’s 2.0% Convertible Senior Notes due 2024, the related guarantees of the notes by certain of Comtech’s subsidiaries and the resale of Comtech’s common stock issuable upon conversion of the notes. This prospectus supplement is not complete without, and may not be delivered or utilized except in connection with, the Prospectus, including any amendments or supplements thereto.
The following table supplements the information set forth in the Prospectus under the caption “Selling Securityholders” with respect to the selling securityholders and the respective principal amount of notes that are beneficially owned and may be sold by each selling securityholder and the number of shares of common stock issuable upon conversion of the notes that may be sold by the selling securityholders pursuant to the Prospectus, as amended or supplemented.
| Selling Securityholder (1) |
Principal Amount of Notes Beneficially Owned and Offered Hereby (1) |
Percentage of Notes Outstanding |
Number
of Shares of Common Stock |
|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Beneficially Owned (1)(2) |
Offered Hereby |
Owned After the Offering |
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| LibertyView Funds, L.P. | $3,500,000 | 3.33 | % | 111,111 | 111,111 | — | ||||||||||
| LibertyView Convertible | ||||||||||||||||
| Arbitrage Fund, L.P. | 1,500,000 | 1.43 | 47,619 | 47,619 | — | |||||||||||
| McMahan Securities Co., L.P. | 1,100,000 | 1.05 | 34,920 | 34,920 | — | |||||||||||
| UBS AG London F/B/O HFS | 7,000,000 | 6.67 | 222,222 | 222,222 | — | |||||||||||
| UBS AG London F/B/O PB Desk | 3,000,000 | 2.86 | 95,238 | 95,238 | — | |||||||||||
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(1) Information regarding the selling securityholders may change from time to time. Any such changed information will be set forth in supplements to the Prospectus if and when necessary.
(2) Assumes conversion at a conversion rate of 31.7460 shares of common stock per $1,000 principal amount of notes and a cash payment in lieu of any fractional shares. However, this conversion price will be subject to adjustment and, as a result, the amount of common stock issuable upon conversion of the notes may increase or decrease in the future. The conversion rate of 31.7460 is an adjusted rate of the initial conversion rate of 21.1640, which was adjusted to reflect the three-for-two stock split of Comtech’s common stock, par value $0.10, that occurred on April 4, 2005.
INVESTING IN THE NOTES, THE RELATED GUARANTEES OR THE COMMON STOCK ISSUABLE UPON CONVERSION OF THE NOTES INVOLVES A HIGH DEGREE OF RISK. PLEASE CONSIDER THE “RISK FACTORS” BEGINNING ON PAGE 11 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 IS TRUTHFUL OR COMPLETE. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.
THE DATE OF THIS PROSPECTUS SUPPLEMENT IS JUNE 14, 2005.