UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934*
TeraForce Technology Corporation
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(Name of Issuer)
Common Stock, par value $.01 per share
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(Title of Class of Securities)
88077T 10 9
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(CUSIP Number)
March 14, 2003
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed: [ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
SCHEDULE 13G
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CUSIP No. - Common Stock 88077T 10 9 Page 2 of 7 Pages
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1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
SSJ Enterprises, LLC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OR ORGANIZATION
New York
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5 SOLE VOTING POWER
NUMBER OF
SHARES Common Stock - 9,766,666*
BENEFICIALLY ---------------------------------------------------
OWNED BY 6 SHARED VOTING POWERV
EACH
REPORTING Common Stock - 0
PERSON ---------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
Common Stock - 9,766,666*
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8 SHARED DISPOSITIVE POWER
Common Stock - 0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Common Stock - 9,766,666*
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Common Stock - 7.98%*
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12 TYPE OF REPORTING PERSON
CO
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* Includes 4,333,333 shares of common stock that may be acquired upon the
exercise of warrants.
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Page 3 of 7 Pages
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Item 1(a) Name of Issuer:
TeraForce Technology Corporation
Item 1(b) Address of Issuer's Principal Executive Offices:
1240 East Campbell Drive, Richardson, TX 75081
Item 2(a) Name of Person Filing:
SSJ Enterprises, LLC
Item 2(b) Addresses of Principal Business Office or, if none, Residence:
992 East Seventh Street
Brooklyn, NY 11230
Item 2(c) Citizenship:
Not applicable.
Item 2(d) Title of Class of Securities:
Common Stock, $.01 per share ("Common Stock")
Item 2(e) CUSIP Number:
Common Stock - 88077T 10 9
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Page 4 of 7 Pages
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Item 3 If this statement is filed pursuant to Sections 240.13d-1(b) or
240.13d-2(b) or (c), check whether the person filing is a:
Not applicable.
(a) [ ] Broker or dealer registered under section 15 of the Act (15
U.S.C. 78o);
(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C.
78c);
(c) [ ] Insurance company as defined in section 3(a)(19) of
the Act (15 U.S.C. 78c);
(d) [ ] Investment company registered under section 8 of the
Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e) [ ] An investment adviser in accordance with Section
240.13d-1(b)(1)(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in accordance
with Section 240.13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in accordance
with Section 240.13d-1(b)(1)(ii)(G);
(h) [ ] A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act (12 U.S.C. 1813);
(i) [ ] A church plan that is excluded from the definition of
an investment company under section 3(c)(14) of the
Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j) [ ] Group, in accordance with Section 240.13d-1(b)(1)(ii)(J).
Item 4 Ownership:
(a) Amount beneficially owned:
As of March 14, 2003, SSJ Enterprises, LLC was the beneficial
owner of 9,766,666 shares (including 4,333,333 shares of Common
Stock that may be acquired upon the exercise of warrants) of
Common Stock of TeraForce Technology Corporation.
(b) Percent of Class:
Common Stock - 7.98%*
* Includes 4,333,333 shares of Common Stock that may be
acquired upon the exercise of warrants.
(c) Number of shares as to which each person has:
(i) sole power to vote or to direct the vote:
Common Stock - 9,766,666*
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Page 5 of 7 Pages
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* Includes 4,333,333 shares of Common Stock that may be
acquired upon the exercise of warrants.
(ii) shared power to vote or to direct the vote:
Common Stock - 0
(iii) sole power to dispose or to direct the disposition
of:
Common Stock - 9,766,666*
* Includes 4,333,333 shares of Common Stock that may be
acquired upon the exercise of warrants.
(iv) shared power to dispose or to direct the disposition
of:
Common Stock - 0
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Page 6 of 7 Pages
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Item 5 Ownership of 5% or Less of a Class:
Not applicable.
Item 6 Ownership of More than 5% on Behalf of Another Person:
Not applicable.
Item 7 Identification and Classification of the Subsidiary which Acquired
the Security Being Reported on By the Parent Holding Company or
Control Person:
Not applicable
Item 8 Identification and Classification of Members of the Group:
Not applicable.
Item 9 Notice of Dissolution of Group:
Not applicable
Item 10 Certification:
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are
not held for the purpose of or with the effect of changing or
influencing the control of the issuer of the securities and were not
acquired and are not held in connection with or as a participant in
any transaction having that purpose or effect.
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Page 7 of 7 Pages
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Date: April 1, 2003
/s/ SSJ Enterprises, LLC
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SSJ Enterprises, LLC
By: Stephen S. Jemal
Title: Managing Member
Attention: Intentional misstatements or omissions of fact constitute Federal
criminal violations (See 18 U.S.C. 1001).