Rim Semiconductor Company
Filed
pursuant to Rule 424(b)(3)
Registration
No. 333-133508
Prospectus
Supplement
(To
Prospectus dated August 16, 2006)
RIM
SEMICONDUCTOR COMPANY
This
prospectus supplement describes an addition to the “SELLING SHAREHOLDER” section
found on pages 46-53 of the Rim Semiconductor Company Prospectus dated August
16, 2006. You should read this prospectus supplement in conjunction with the
prospectus. This prospectus supplement is qualified in its entirety by reference
to the prospectus, except to the extent the information in this prospectus
supplement supersedes the information contained in the prospectus. Capitalized
terms used in this prospectus supplement and not otherwise defined herein have
the meanings specified in the prospectus.
On
July
26, 2007, Pond Equities, Inc. transferred to Brasshorn Limited warrants pursuant
to which it had a right to purchase (i) an aggregate 7,095,556 shares of the
Company’s common stock at an exercise price of $0.15 per share and (ii) an
aggregate 7,095,556 shares of the Company’s common stock at an exercise price of
$0.1693 per share. To reflect this transfer, on page 52, in the “SELLING
SHAREHOLDER” section of the prospectus, the selling shareholder “Pond Equities,
Inc.” should be replaced with “Brasshorn Limited.”
In
addition, footnote 41 to the Selling Shareholder table found on page 52 of
the
Prospectus should be replaced in its entirety with the following:
(41) Includes
1,419,111
Adjustment Shares and 14,191,112
shares of common stock issuable upon the exercise of warrants as purchased
from
the placement agent of the 2006 debentures in July 2007. Mr.
Chaim Epstein is the President of the selling shareholder and has voting control
and investment discretion over the shares held by the selling
shareholder.
The
Date
of this Prospectus Supplement is August 24, 2007