PROSPECTUS SUPPLEMENT NO. 2 | Filed Pursuant to Rule 424(b)(3) |
(To Prospectus Dated May 14, 2014) | Registration Statement No. 333-189937 |
32,311,015 Shares of Common Stock
BLUE EARTH, INC.
This Prospectus Supplement updates the Prospectus dated May 14, 2014 of Blue Earth, Inc. (the Company).
This supplement to the Resale Prospectus dated May 14, 2014 provides information with respect to a new selling stockholder, Jackson Investment Group, LLC which received 1,000,000 shares pursuant to transfer and exercise of warrants from various selling stockholders included in the Resale Prospectus. Accordingly the number of shares held by those selling stockholders disclosed in the Resale Prospectus has been reduced by their respective share of the 1,000,000 shares issued under the warrants. All other information in the Resale Prospectus shall remain unchanged. This supplement does not reflect sales of Shares by any selling stockholder pursuant to the Resale Prospectus that may have occurred prior to date of this Prospectus Supplement No. 2. Percentage of beneficial ownership was calculated based on 63,951,292 shares of Blue Earth common stock outstanding as of May 7, 2014.
Under the caption Selling Stockholders the Jackson Investment Group, LLC should be added to the table and the other Selling Stockholders shares as set forth in the table should be revised as follows:
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Selling Stockholder | Ownership Before Offering Number of Shares of Common Stock Beneficially Owned | Common Stock Issued and/or Issuable Upon Conversion of Series C Preferred Stock (2) | Common Stock Issued and/or Issuable Upon Exercise of Class A Warrants | Other Securities Offered | Number of Shares of Common Stock Beneficially Owned | Percentage of Common Stock Beneficially Owned |
Jackson Investment Group, LLC | 1,000,000 (43) | -0- | 1,000,000 (44) | -0- | -0- | 0% |
Lotus Capital Markets LLC | -0- | -0- | -0- | -0- | -0- | 0% |
Fred C. Shaker Rev. Trust U/A DTD 5/18/2006 | 154,460 | 112,000 (42) | 42,460 | -0- | -0- | 0% |
Triage Capital Management LP | 84,000 | 84,000 (42) | -0- | -0- | -0- | 0% |
Alla Pasternack | 28,000 | 28,000 (42) | -0- | -0- | -0- | 0% |
Orsak Family Trust | 548,000 | 448,000 | 100,000 | -0- | -0- | 0% |
Keith Guenther | 680,000 | 560,000 | 120,000 | -0- | -0- | 0% |
Yuri & Eleonora Minkovsky | 28,000 | 28,000 | -0- | -0- | -0- | 0% |
Helen Thomas | 262,080 | 262,080 | -0- | -0- | -0- | 0% |
David Lies | 5,107,399 | 1,792,000 | 317,040 | 179,368 (35) | 2,336,031 | 3.5% |
(43) Richard L. Jackson, majority owner and sole manager of Jackson Investment Group, LLC, has voting and dispositive power over these securities.
(44) An aggregate of 1,000,000 shares of common stock issued upon exercise of Class A Warrants acquired in a private placement pursuant to subscription agreements dated June 20, 2014.
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The date of this Supplement is June 24, 2014
This supplement is part of the Resale Prospectus
and must accompany the Resale Prospectus.