FORM 424 (b)(3)

Filed Pursuant to Rule 424(b)(3)

Registration No. 333-123997

 

PROSPECTUS SUPPLEMENT NO. 1 DATED AUGUST 12, 2005

(TO PROSPECTUS DATED JUNE 20, 2005)

 

V. I. TECHNOLOGIES, INC.

13,725,555 SHARES OF COMMON STOCK

 

This Prospectus Supplement No. 1 supplements and amends the Prospectus dated June 20, 2005 (the “Prospectus”), relating to the resale from time to time by holders of our shares of common stock. Such information has been obtained from the selling stockholders. This prospectus supplement should be read in conjunction with the Prospectus, which is to be delivered with this prospectus supplement.

 

Our common stock is quoted on The Nasdaq National Market under the symbol “VITX.” The last reported sale price of our common stock on August 12, 2005 was $7.12 per share.

 

See “Risk Factors” beginning on page 5 of the Prospectus to read about factors you should consider before buying our common stock.

 

Neither the Securities and Exchange Commission, any state securities commission nor any other regulatory authority, has approved or disapproved the securities nor have any of the foregoing authorities passed upon or endorsed the merits of this offering or the accuracy or adequacy of this Prospectus Supplement or the Prospectus or the documents incorporated by reference therein. Any representation to the contrary is a criminal offense.

 

 

The information appearing in the table below, as of the date hereof, supplements and amends the information in the table appearing under the heading “Selling Stockholders” in the Prospectus, and, where the name of a selling stockholder identified in the table below also appears in the table in the Prospectus, the information set forth in the table below regarding that selling stockholder supercedes the information in the Prospectus:

 

     Shares Beneficially Owned Before
Offering(1)
     Shares Being Offered
    Shares Beneficially Owned After
Offering(2)
         

Selling Stockholder

    Number
    Percent
        Number
    Percent
                           

Ampersand 1999 Limited Partnership(3)

    5,426,613    14 %   3,114,462    2,312,151    6%

Ampersand 1999 Companion Fund Limited Partnership(4)

    110,601    ** %   63,415    47,186    **%

AMP-99 Management Company LLC

    87,127    ** %   87,127    —      —  

A.G. Edwards Private Equity Partners QP, LP

    105,746    ** %   105,746    —      —  

A.G. Edwards Private Equity Partners LP

    37,272    ** %   37,272    —      —  

Ampersand Venture Management Trust

    36,605    ** %   29,931    6,674    **%

Collins Family Partnership

    17,863    ** %   14,302    3,561    **%

CTTV Investments LLC

    143,015    ** %   143,015    —      —  

Crossroads 1997 Asset Allocation I LP

    28,602    ** %   28,602    —      —  

Crossroads 1997 Asset Allocation II LP

    28,602    ** %   28,602    —      —  

Crossroads 1997 Venture Capital I LP

    28,602    ** %   28,602    —      —  

Crossroads 1997 Venture Capital Programme I LP

    57,207    ** %   57,207    —      —  

DSM New Business Development BV

    165,021    ** %   143,015    22,006    **%

Sheldon Engelhorn as Trustee for the Sheldon Engelhorn & Susan Engelhorn Revocable Trust u/d/t dtd. 11/5/95

    28,602    ** %   28,602    —      —  

Fairview Ventures Fund I, LP

    286,033    ** %   286,033    —      —  

Fayez Sarofim

    85,808    ** %   85,808    —      —  

Fisher Scientific International Inc. Defined Benefit Master Trust

    121,794    ** %   57,207    64,587    **%

FLAG Venture Partners II, LP

    143,015    ** %   143,015    —      —  

FSI No. 2 Corporation

    85,808    ** %   85,808    —      —  

GenTek Inc. Defined Benefit Master Trust

    57,207    ** %   57,207    —      —  

General Chemical Industrial Products, Inc. Defined Benefit Master Trust

    57,207    ** %   57,207    —      —  

Bennett W. Golub, Ph. D.

    14,302    ** %   14,302    —      —  

The Henry Luce Foundation, Inc.

    286,033    ** %   286,033    —      —  

LJH Partners, LP

    28,602    ** %   28,602    —      —  

MLM Appointment Trust FBO Erika L. Binger

    35,752    ** %   35,752    —      —  

MLM Appointment Trust FBO Benjamen M. Binger

    35,752    ** %   35,752    —      —  

MLM Appointment Trust FBO Meghan M. Brown

    35,752    ** %   35,752    —      —  

MLM Appointment Trust FBO Noa B. Staryk

    41,976    ** %   35,752    6,224    **%

Mellon Bank, NA Agent for 1052-145000-0

    7,367    ** %   7,367    —      —  

Mellon Bank, NA Agent for 1017-7046BN-8

    5,635    ** %   5,635    —      —  

Mellon Bank, NA Agent for MRPF-170783-2

    33,581    ** %   28,602    4,979    **%

Kleinwort Benson (Channel Islands) Limited as Custodian for VenCap 6 Limited

    28,602    ** %   28,602    —      —  

Neubauer, Joseph & Jeanette

    57,207    ** %   57,207    —      —  

Paulsen, William F.

    28,602    ** %   28,602    —      —  

The Northern Trust Co. as Trustee for the Pfizer Retirement Annuity Plan

    473,888    1 %   429,047    44,841    **%

Kleinwort Benson (Channel Islands) Limited as Custodian for VenCap 7 Limited

    143,015    ** %   143,015    —      —  

Private Equity Technology Partners CV

    143,015    ** %   143,015    —      —  

Rappaport Asset Private Partnership LP

    28,602    ** %   28,602    —      —  

Rappaport, Jerome Lyle

    28,602    ** %   28,602    —      —  

State of Wisconsin Investment Board

    858,098    2 %   858,098    —      —  

The Permanent University Fund of the State of TX

    431,594    1 %   371,841    59,753    **%

UTIMCO, on behalf of the General Endowment Fund

    215,159    ** %   200,221    14,938    **%

Samuel K. Ackerman(5)

    419,234    1 %   1,434    417,800    1%

John R. and Jan T. Barr(6)

    52,688    ** %   1,434    51,254    **%

Hal H. Beretz

    1,434    ** %   1,434    —      —  

Roger E. Brooks and Elizabeth A. Brooks

    3,171    ** %   2,871    300    **%

John D. Dionne

    1,434    ** %   1,434    —      —  

Marc and Carol Dulude

    2,153    ** %   2,153    —      —  

Patrick J. Foley, Jr.

    1,434    ** %   1,434    —      —  

John T. Forbis

    4,305    ** %   4,305    —      —  

Peter J. Frasso and Paula J. Frasso

    1,434    ** %   1,434    —      —  

GCMPM & Messina Limited Partnership

    2,871    ** %   2,871    —      —  

William L Healey and Norma Kay Healey Family Trust dated 11/3/87 and Amended 3/15/94

    2,871    ** %   2,871    —      —  

Dennis L. Holland

    1,434    ** %   1,434    —      —  

Bernard Horowitz, Ph.D.

    1,533    ** %   1,434    99    **%

Stephen B. King

    2,871    ** %   2,871    —      —  

The Gary E. Liebl and Kay D. Liebl Family Trust dated 5/23/94

    2,871    ** %   2,871    —      —  

The Lyon Trust

    2,871    ** %   2,871    —      —  

Elizabeth F. Patterson

    1,983    ** %   1,434    549    **%

James B. Powell

    1,721    ** %   1,721    —      —  

Charles F. and Candis L. Putnik

    1,434    ** %   1,434    —      —  

David V. Ragone

    4,644    ** %   2,871    1,773    **%

The Robert A. Charpie Irrevocable Trust

    24,565    ** %   14,367    10,198    **%

The Robert A. Charpie Irrevocable Trust FBO Carol C. McMullen

    3,590    ** %   3,590    —      —  

The Robert A. Charpie Irrevocable Trust FBO David W. Charpie

    3,590    ** %   3,590    —      —  

The Robert A. Charpie Irrevocable Trust FBO John R. Charpie

    3,590    ** %   3,590    —      —  

The Robert A. Charpie Irrevocable Trust FBO Richard A. Charpie(7)

    3,590    ** %   3,590    —      —  

Stuck Family LP

    2,871    ** %   2,871    —      —  

David Tendler(8)

    4,377    ** %   1,434    2,943    **%

Timothy C. Tuff

    574    ** %   574    —      —  

Steven Walske

    1,434    ** %   1,434    —      —  

The Janina A. Longtine Trust 2001

    1,434    ** %   1,434    —      —  

John W. and Mary Kay Wood

    2,871    ** %   2,871    —      —  

KCM Limited Partnership

    5,743    ** %   5,743    —      —  
** Less than 1%
(1) Percentages prior to the offering are based on 39,509,667 shares of common stock (adjusting for our March 14, 2005 1-for-10 reverse stock split) that were issued and outstanding as of July 15, 2005. We deem shares of common stock that may be acquired by an individual or group within 60 days of July 15, 2005 pursuant to the exercise of options or warrants to be outstanding for the purpose of computing the percentage ownership of such individual or group, but such shares are not deemed to be outstanding for the purpose of computing the percentage ownership of any other individual or entity shown in the table.
(2) We do not know when or in what amounts the selling stockholders may offer for sale the shares of common stock pursuant to this offering. The selling stockholders may choose not to sell any of the shares offered by this prospectus. Because the selling stockholders may offer all or some of the shares of common stock pursuant to this offering, and because there are currently no agreements, arrangements or undertakings with respect to the sale of any of the shares of common stock, we cannot estimate the number of shares of common stock that the selling stockholders will hold after completion of the offering. For purposes of this table, we have assumed that the selling stockholders will have sold all of the shares listed under the column “Shares Being Offered” in this prospectus upon the completion of the offering.
(3) The number of shares beneficially owned before the offering consists of 4,776,138 shares of common stock and 650,475 shares of common stock issuable upon the exercise of warrants. 1,117,243 shares of common stock owned by Ampersand 1999 Limited Partnership are held in escrow until September 11, 2006 in accordance with the Escrow Agreement dated as of March 11, 2005. Richard A. Charpie is the Principal Managing Member of AMP-99 Management Company Limited Liability Company, which is the General Partner of Ampersand 1999 Limited Partnership and Ampersand 1999 Companion Fund Limited Partnership. Dr. Charpie is a former director on our Board. Herbert Hooper, a member of AMP-99 Management Company Limited Liability Company, is a former director of Panacos and a director on our Board.
(4) The number of shares beneficially owned before the offering consists of 97,326 shares of common stock and 13,275 shares of common stock issuable upon the exercise of warrants. 22,801 shares of common stock owned by Ampersand 1999 Companion Fund Limited Partnership are held in escrow until September 11, 2006 in accordance with the Escrow Agreement dated as of March 11, 2005. Richard A. Charpie is the Principal Managing Member of AMP-99 Management Company Limited Liability Company, which is the General Partner of Ampersand 1999 Limited Partnership and Ampersand 1999 Companion Fund Limited Partnership. Dr. Charpie is a former director on our Board. Herbert Hooper, a member of AMP-99 Management Company Limited Liability Company, is a former director of Panacos and a director on our Board.
(5) Samuel K. Ackerman, M.D. is our President and Chief Executive Officer.
(6) John R. Barr was our President until July 2005 and is a former director on our Board.
(7) Richard A. Charpie is a former director on our Board.
(8) David Tendler is a former director on our Board.

 

The selling stockholders identified above may have sold, transferred or otherwise disposed of all or a portion of our common stock since the date on which they provided the information about their common stock in transactions exempt from the registration requirements of the Securities Act.