Prospectus Supplement No. 7 to
Prospectus dated April 27, 2006
Registration No. 333-132635
Filed pursuant to Rule 424(b)(3)
EAGLE BROADBAND, INC.
Supplement No. 7
to
Prospectus Dated April 27, 2006
This Prospectus Supplement supplements our Prospectus dated April 27, 2006, as supplemented by Prospectus Supplement No. 1, dated May 5, 2006, Prospectus Supplement No. 2, dated May 22, 2006, Prospectus Supplement No. 3, dated July 28, 2006, Prospectus Supplement No. 4, dated September 20, 2006, Prospectus Supplement No. 5, dated November 6, 2006, and Prospectus Supplement No. 6, dated November 24, 2006, relating to the offer and sale from time to time of up to 690,873 shares of our common stock for the account of the shareholder named in the Prospectus. This Supplement amends and supplements certain information contained in the Prospectus. We encourage you to read this Supplement carefully with the Prospectus and all previous supplements.
Eagle is a provider of broadband, Internet Protocol (IP) and communications technology and services that aim to create new revenue opportunities for broadband providers and enhance communications for government, military and corporate customers. We leverage years of proven experience delivering advanced IP-based broadband services to provide service provider partners with a way to deliver advanced entertainment, communications and security services to their customers. Our product offerings include IPTVComplete™, a fast, low cost way for broadband providers to deliver competitive IP video services; the MediaPro line of standard and high definition IP set-top boxes that enable broadband providers and hotel operators to maximize revenues by delivering advanced interactive entertainment services; and the SatMAX® satellite communications system that provides civilian government, military, homeland security and corporate customers with reliable, non-line-of-sight, satellite-based voice and data communications from any location on Earth.
Our common stock is listed on the American Stock Exchange under the symbol “EAG.” On January 11, 2007, the last sales price of our common stock as reported on the American Stock Exchange $0.51 per share. The shares of common stock offered pursuant to this prospectus have been approved for trading on the American Stock Exchange.
The selling shareholder, Dutchess Private Equities Fund, L.P., is an underwriter within the meaning of the Securities Act of 1933, as amended.
Investing in our common stock involves a high degree of risk. You should consider carefully the risk factors listed in the Prospectus and this Supplement before making a decision to purchase our stock.
Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or passed upon the adequacy or accuracy of this prospectus. Any representation to the contrary is a criminal offense.
The date of this prospectus supplement is January 12, 2007
Adjustment to Debenture Conversion Price and Warrant Exercise Price
The subscription agreement pursuant to which Dutchess purchased the convertible debenture from us provides that in the event we issue common stock, or instruments convertible into our common stock, at a price per share less than the conversion price of the debenture and the exercise price of the warrant, these prices are automatically reduced to a price twenty percent (20%) lower than the price of the new issuance. On January 2, 2007, we issued a stock option to a third-party with an exercise price of $0.48 per share. Thus, the conversion price of the debenture and the exercise price of the warrant was automatically reduced to $0.384 per share.
Current Reports on Form 8-K
On December 12 and December 13, 2006, we filed Current Reports on Form 8-K disclosing the entry into an agreement to acquire the customer base of Connex Services, Inc., and the appointment of Anthony R. Cordaro as Vice President and General Manager of IT Services of the company. We hereby incorporate by reference into this Supplement and the Prospectus the Current Reports on Form 8-K filed on December 12 and December 13, 2006.
Up To
690,873
Shares Common Stock
EAGLE BROADBAND, INC.
Prospectus Supplement No. 7
January 12, 2007
