0001140361-13-029213.txt : 20130729 0001140361-13-029213.hdr.sgml : 20130729 20130729123830 ACCESSION NUMBER: 0001140361-13-029213 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20130729 DATE AS OF CHANGE: 20130729 GROUP MEMBERS: DRAWBRIDGE SPECIAL OPPORTUNITIES ADVISORS LLC GROUP MEMBERS: DRAWBRIDGE SPECIAL OPPORTUNITIES GP LLC GROUP MEMBERS: FIG CORP. GROUP MEMBERS: FIG LLC GROUP MEMBERS: FORTRESS INVESTMENT GROUP LLC GROUP MEMBERS: FORTRESS OPERATING ENTITY I LP GROUP MEMBERS: FORTRESS PRINCIPAL INVESTMENT HOLDINGS IV LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NETLIST INC CENTRAL INDEX KEY: 0001282631 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 954812784 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-82594 FILM NUMBER: 13991728 BUSINESS ADDRESS: STREET 1: 51 DISCOVERY, STE 150 CITY: IRVINE STATE: CA ZIP: 92618 BUSINESS PHONE: 949-435-0025 MAIL ADDRESS: STREET 1: 51 DISCOVERY, STE 150 CITY: IRVINE STATE: CA ZIP: 92618 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Drawbridge Special Opportunities Fund LP CENTRAL INDEX KEY: 0001200438 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: C/O FORTRESS INVESTMENT GROUP LLC STREET 2: 1345 AVENUE OF THE AMERICAS, 46TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10105 BUSINESS PHONE: (212) 497-2850 MAIL ADDRESS: STREET 1: C/O FORTRESS INVESTMENT GROUP LLC STREET 2: 1345 AVENUE OF THE AMERICAS, 46TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10105 FORMER COMPANY: FORMER CONFORMED NAME: DRAWBRIDGE SPECIAL OPPORTUNITIES FUND LP DATE OF NAME CHANGE: 20021022 SC 13G 1 formsc13g.htm DRAWBRIDGE SPECIAL OPPORTUNITIES FUND LP SC 13G 7-18-2013 (NETLIST, INC)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D. C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. ___)*

NETLIST, INC.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

64118P109

(CUSIP Number)

July 18, 2013

(Date of Event Which Requires Filing of this Statement)

Check the following box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

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).

Page 1 of 18 Pages

SCHEDULE 13G

CUSIP No. 64118P109

Page 2 of 18 Pages


1.	NAME OF REPORTING PERSONS
	I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (Entities Only)

	Drawbridge Special Opportunities Fund LP

2.	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
		Yes (a) o
		No (b) o

3.	SEC USE ONLY

4.	CITIZENSHIP OR PLACE OF ORGANIZATION (See Instructions)

	Delaware

	5.	SOLE VOTING POWER

NUMBER OF
SHARES	6.	SHARED VOTING POWER
BENEFICIALLY
OWNED BY		-1,648,351-
REPORTING	7.	SOLE DISPOSITIVE POWER
PERSON WITH

	8.	SHARED DISPOSITIVE POWER
		-1,648,351-

9.	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

	-1,648,351-

10.	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
	EXCLUDES CERTAIN SHARES (See Instructions)	o

11.	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

	5.1% (based on 32,107,942 shares outstanding, calculated based on 30,459,591 shares outstanding as of July 16, 2013, as reported by the Issuer on Form 424B5, filed with the SEC on July 18, 2013, and including 1,648,351 shares issuable upon exercise of the warrants)

12.	TYPE OF REPORTING PERSON (See Instructions)

	PN

SCHEDULE 13G

CUSIP No. 64118P109

Page 3 of 18 Pages


1.	NAME OF REPORTING PERSONS
	I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (Entities Only)

	Drawbridge Special Opportunities GP LLC

2.	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
		Yes (a) o
		No (b) o

3.	SEC USE ONLY

4.	CITIZENSHIP OR PLACE OF ORGANIZATION (See Instructions)

	Delaware

	5.	SOLE VOTING POWER

NUMBER OF
SHARES	6.	SHARED VOTING POWER
BENEFICIALLY
OWNED BY		-1,648,351-*
REPORTING	7.	SOLE DISPOSITIVE POWER
PERSON WITH

	8.	SHARED DISPOSITIVE POWER
		-1,648,351-*

9.	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

	-1,648,351-*

10.	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
	EXCLUDES CERTAIN SHARES (See Instructions)	o

11.	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

	5.1% (based on 32,107,942 shares outstanding, calculated based on 30,459,591 shares outstanding as of July 16, 2013, as reported by the Issuer on Form 424B5, filed with the SEC on July 18, 2013, and including 1,648,351 shares issuable upon exercise of the warrants)

12.	TYPE OF REPORTING PERSON (See Instructions)

	OO

* Solely in its capacity as the general partner of Drawbridge Special Opportunities Fund LP.

SCHEDULE 13G

CUSIP No. 64118P109

Page 4 of 18 Pages


1.	NAME OF REPORTING PERSONS
	I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (Entities Only)

	Fortress Principal Investment Holdings IV LLC

2.	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
		Yes (a) o
		No (b) o

3.	SEC USE ONLY

4.	CITIZENSHIP OR PLACE OF ORGANIZATION (See Instructions)

	Delaware

	5.	SOLE VOTING POWER

NUMBER OF
SHARES	6.	SHARED VOTING POWER
BENEFICIALLY
OWNED BY		-1,648,351-*
REPORTING	7.	SOLE DISPOSITIVE POWER
PERSON WITH

	8.	SHARED DISPOSITIVE POWER
		-1,648,351-*

9.	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

	-1,648,351-*

10.	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
	EXCLUDES CERTAIN SHARES (See Instructions)	o

11.	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

	5.1% (based on 32,107,942 shares outstanding, calculated based on 30,459,591 shares outstanding as of July 16, 2013, as reported by the Issuer on Form 424B5, filed with the SEC on July 18, 2013, and including 1,648,351 shares issuable upon exercise of the warrants)

12.	TYPE OF REPORTING PERSON (See Instructions)

	OO

* Solely in its capacity as the managing member of Drawbridge Special Opportunities GP LLC.

SCHEDULE 13G

CUSIP No. 64118P109

Page 5 of 18 Pages


1.	NAME OF REPORTING PERSONS
	I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (Entities Only)

	Drawbridge Special Opportunities Advisors LLC

2.	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
		Yes (a) o
		No (b) o

3.	SEC USE ONLY

4.	CITIZENSHIP OR PLACE OF ORGANIZATION (See Instructions)

	Delaware

	5.	SOLE VOTING POWER

NUMBER OF
SHARES	6.	SHARED VOTING POWER
BENEFICIALLY
OWNED BY		-1,648,351-*
REPORTING	7.	SOLE DISPOSITIVE POWER
PERSON WITH

	8.	SHARED DISPOSITIVE POWER
		-1,648,351-*

9.	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

	-1,648,351-*

10.	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
	EXCLUDES CERTAIN SHARES (See Instructions)	o

11.	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

	5.1% (based on 32,107,942 shares outstanding, calculated based on 30,459,591 shares outstanding as of July 16, 2013, as reported by the Issuer on Form 424B5, filed with the SEC on July 18, 2013, and including 1,648,351 shares issuable upon exercise of the warrants)

12.	TYPE OF REPORTING PERSON (See Instructions)

	OO

* Solely in its capacity as the investment manager of Drawbridge Special Opportunities Fund LP.

SCHEDULE 13G

CUSIP No. 64118P109

Page 6 of 18 Pages


1.	NAME OF REPORTING PERSONS
	I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (Entities Only)

	FIG LLC

2.	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
		Yes (a) o
		No (b) o

3.	SEC USE ONLY

4.	CITIZENSHIP OR PLACE OF ORGANIZATION (See Instructions)

	Delaware

	5.	SOLE VOTING POWER

NUMBER OF
SHARES	6.	SHARED VOTING POWER
BENEFICIALLY
OWNED BY		-1,648,351-*
REPORTING	7.	SOLE DISPOSITIVE POWER
PERSON WITH

	8.	SHARED DISPOSITIVE POWER
		-1,648,351-*

9.	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

	-1,648,351-*

10.	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
	EXCLUDES CERTAIN SHARES (See Instructions)	o

11.	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

	5.1% (based on 32,107,942 shares outstanding, calculated based on 30,459,591 shares outstanding as of July 16, 2013, as reported by the Issuer on Form 424B5, filed with the SEC on July 18, 2013, and including 1,648,351 shares issuable upon exercise of the warrants)

12.	TYPE OF REPORTING PERSON (See Instructions)

	OO

* Solely in its capacity as the holder of all of the issued and outstanding interests of Drawbridge Special Opportunities Advisors LLC.

SCHEDULE 13G

CUSIP No. 64118P109

Page 7 of 18 Pages


1.	NAME OF REPORTING PERSONS
	I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (Entities Only)

	Fortress Operating Entity I LP

2.	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
		Yes (a) o
		No (b) o

3.	SEC USE ONLY

4.	CITIZENSHIP OR PLACE OF ORGANIZATION (See Instructions)

	Delaware

	5.	SOLE VOTING POWER

NUMBER OF
SHARES	6.	SHARED VOTING POWER
BENEFICIALLY
OWNED BY		-1,648,351-*
REPORTING	7.	SOLE DISPOSITIVE POWER
PERSON WITH

	8.	SHARED DISPOSITIVE POWER
		-1,648,351-*

9.	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

	-1,648,351-*

10.	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
	EXCLUDES CERTAIN SHARES (See Instructions)	o

11.	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

	5.1% (based on 32,107,942 shares outstanding, calculated based on 30,459,591 shares outstanding as of July 16, 2013, as reported by the Issuer on Form 424B5, filed with the SEC on July 18, 2013, and including 1,648,351 shares issuable upon exercise of the warrants)

12.	TYPE OF REPORTING PERSON (See Instructions)

	PN

* Solely in its capacity as the holder of all of the issued and outstanding interests of FIG LLC and Fortress Principal Investment Holdings IV LLC.

SCHEDULE 13G

CUSIP No. 64118P109

Page 8 of 18 Pages


1.	NAME OF REPORTING PERSONS
	I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (Entities Only)

	FIG Corp.

2.	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
		Yes (a) o
		No (b) o

3.	SEC USE ONLY

4.	CITIZENSHIP OR PLACE OF ORGANIZATION (See Instructions)

	Delaware

	5.	SOLE VOTING POWER

NUMBER OF
SHARES	6.	SHARED VOTING POWER
BENEFICIALLY
OWNED BY		-1,648,351-*
REPORTING	7.	SOLE DISPOSITIVE POWER
PERSON WITH

	8.	SHARED DISPOSITIVE POWER
		-1,648,351-*

9.	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

	-1,648,351-*

10.	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
	EXCLUDES CERTAIN SHARES (See Instructions)	o

11.	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

	5.1% (based on 32,107,942 shares outstanding, calculated based on 30,459,591 shares outstanding as of July 16, 2013, as reported by the Issuer on Form 424B5, filed with the SEC on July 18, 2013, and including 1,648,351 shares issuable upon exercise of the warrants)

12.	TYPE OF REPORTING PERSON (See Instructions)

	CO

* Solely in its capacity as the general partner of Fortress Operating Entity I LP.

SCHEDULE 13G

CUSIP No. 64118P109

Page 9 of 18 Pages


1.	NAME OF REPORTING PERSONS
	I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (Entities Only)

	Fortress Investment Group LLC

2.	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
		Yes (a) o
		No (b) o

3.	SEC USE ONLY

4.	CITIZENSHIP OR PLACE OF ORGANIZATION (See Instructions)

	Delaware

	5.	SOLE VOTING POWER

NUMBER OF
SHARES	6.	SHARED VOTING POWER
BENEFICIALLY
OWNED BY		-1,648,351-*
REPORTING	7.	SOLE DISPOSITIVE POWER
PERSON WITH

	8.	SHARED DISPOSITIVE POWER
		-1,648,351-*

9.	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

	-1,648,351-*

10.	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
	EXCLUDES CERTAIN SHARES (See Instructions)	o

11.	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

	5.1% (based on 32,107,942 shares outstanding, calculated based on 30,459,591 shares outstanding as of July 16, 2013, as reported by the Issuer on Form 424B5, filed with the SEC on July 18, 2013, and including 1,648,351 shares issuable upon exercise of the warrants)

12.	TYPE OF REPORTING PERSON (See Instructions)

	OO

* Solely in its capacity as the holder of all of the issued and outstanding shares of FIG Corp.

Item 1.

(a) Name of Issuer:

The name of the issuer is Netlist, Inc. (the “Issuer”).

(b) Address of Issuer’s Principal Executive Offices:

The Issuer’s principal executive offices are located at 51 Discovery, Suite 150, Irvine, California 92618.

Item 2.

(a) Name of Persons Filing:

(i) Drawbridge Special Opportunities Fund LP, a Delaware limited partnership, directly owns warrants to acquire shares of common stock of the Issuer as described herein;

(ii) Drawbridge Special Opportunities GP LLC, a Delaware limited liability company, is the general partner of Drawbridge Special Opportunities Fund LP;

(iii) Fortress Principal Investment Holdings IV LLC, a Delaware limited liability company, is the managing member of Drawbridge Special Opportunities GP LLC;

(iv) Drawbridge Special Opportunities Advisors LLC, a Delaware limited liability company, is the investment manager of Drawbridge Special Opportunities Fund LP;

(v) FIG LLC, a Delaware limited liability company, is the holder of all of the issued and outstanding interests of Drawbridge Special Opportunities Advisors LLC;

(vi) Fortress Operating Entity I LP, a Delaware limited partnership, is the holder of all of the issued and outstanding interests of FIG LLC and Fortress Principal Investment Holdings IV LLC;

(vii) FIG Corp, a Delaware corporation, is the general partner of Fortress Operating Entity I LP; and

(viii) Fortress Investment Group LLC, a Delaware limited liability company, is the holder of all of the issued and outstanding shares of FIG Corp.

The foregoing persons are collectively referred to as the “Reporting Persons.” Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party.

Page 10 of 18 Pages

(b) Address of Principal Business Office or, if None, Residence:

The address of the business office of each of the Reporting Persons is c/o Fortress Investment Group LLC, 1345 Avenue of the Americas, 46^th Floor, New York, New York 10105, Attention: Chief Compliance Officer.

Each of Drawbridge Special Opportunities GP LLC, Fortress Principal Investment Holdings IV LLC, Drawbridge Special Opportunities Advisors LLC, FIG LLC, and Fortress Investment Group LLC is a limited liability company organized under the laws of the State of Delaware. Each of Drawbridge Special Opportunities Fund LP, and Fortress Operating Entity I LP is limited partnership organized under the laws of the State of Delaware. FIG Corp. is a corporation organized under the laws of the State of Delaware.

(d) Title of Class of Securities:

Common Stock, par value $0.001 per share (“Common Stock”).

(e) CUSIP Number:

64118P109

Item 3.

If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b) or (c), Check Whether the Person Filing is a:

(a) o

Broker or dealer registered under Section 15 of the Exchange Act.

(b) o

Bank as defined in Section 3(a)(6) of the Exchange Act.

Insurance company as defined in Section 3(a)(19) of the Exchange Act.

(d) o

Investment company registered under Section 8 of the Investment Company Act.

(e) o

An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E).

(f) o

An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F).

(g) o

A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G).

(h) o

A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act.

Page 11 of 18 Pages

(i) o

A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act.

(j) o

A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J).

(k) o

Group, in accordance with Rule 13d-1(b)(1)(ii)(K).

If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ______________________________

Item 4.

Ownership:

The percentages used in this Item 4 are calculated based on 32,107,942 shares outstanding, calculated based on 30,459,591 shares outstanding as of July 16, 2013, as reported by the Issuer on Form 424B5, filed with the SEC on July 18, 2013, and including 1,648,351 shares issuable upon exercise of the warrants.

(i)

Drawbridge Special Opportunities Fund LP

(a) Amount beneficially owned: -1,648,351-*

(b) Percent of class: 5.1%

(c)(i) Sole power to vote or direct the vote: -0-

(c)(ii) Shared power to vote or direct the vote: -1,648,351-*

(c)(iii) Sole power to dispose or direct the disposition: -0-

(c)(iv) Shared power to dispose or direct the disposition: -1,648,351-*

(ii)

Drawbridge Special Opportunities GP LLC

(a) Amount beneficially owned: -1,648,351-*

(b) Percent of class: 5.1%

(c)(i) Sole power to vote or direct the vote: -0-

(c)(ii) Shared power to vote or direct the vote: -1,648,351-*

(c)(iii) Sole power to dispose or direct the disposition: -0-

(c)(iv) Shared power to dispose or direct the disposition: -1,648,351-*

(iii)

Fortress Principal Investment Holdings IV LLC

(a) Amount beneficially owned: -1,648,351-*

(b) Percent of class: 5.1%

(c)(i) Sole power to vote or direct the vote: -0-

(c)(ii) Shared power to vote or direct the vote: -1,648,351-*

(c)(iii) Sole power to dispose or direct the disposition: -0-

(c)(iv) Shared power to dispose or direct the disposition: -1,648,351-*

(iv)

Drawbridge Special Opportunities Advisors LLC

(a) Amount beneficially owned: -1,648,351-*

(b) Percent of class: 5.1%

(c)(i) Sole power to vote or direct the vote: -0-

(c)(ii) Shared power to vote or direct the vote: -1,648,351-*

(c)(iii) Sole power to dispose or direct the disposition: -0-

(c)(iv) Shared power to dispose or direct the disposition: -1,648,351-*

Page 12 of 18 Pages

(v)

FIG LLC

(a) Amount beneficially owned: -1,648,351-*

(b) Percent of class: 5.1%

(c)(i) Sole power to vote or direct the vote: -0-

(c)(ii) Shared power to vote or direct the vote: -1,648,351-*

(c)(iii) Sole power to dispose or direct the disposition: -0-

(c)(iv) Shared power to dispose or direct the disposition: -1,648,351-*

(vi)

Fortress Operating Entity I LP

(a) Amount beneficially owned: -1,648,351-*

(b) Percent of class: 5.1%

(c)(i) Sole power to vote or direct the vote: -0-

(c)(ii) Shared power to vote or direct the vote: -1,648,351-*

(c)(iii) Sole power to dispose or direct the disposition: -0-

(c)(iv) Shared power to dispose or direct the disposition: -1,648,351-*

(vii)

FIG Corp.

(a) Amount beneficially owned: -1,648,351-*

(b) Percent of class: 5.1%

(c)(i) Sole power to vote or direct the vote: -0-

(c)(ii) Shared power to vote or direct the vote: -1,648,351-*

(c)(iii) Sole power to dispose or direct the disposition: -0-

(c)(iv) Shared power to dispose or direct the disposition: -1,648,351-*

(viii)

Fortress Investment Group LLC

(a) Amount beneficially owned: -1,648,351-*

(b) Percent of class: 5.1%

(c)(i) Sole power to vote or direct the vote: -0-

(c)(ii) Shared power to vote or direct the vote: -1,648,351-*

(c)(iii) Sole power to dispose or direct the disposition: -0-

(c)(iv) Shared power to dispose or direct the disposition: -1,648,351-*

*Aggregate number of shares of the Issuer issuable upon the exercise of warrants issued to Drawbridge Special Opportunities Fund LP. Such warrants are subject to certain restrictions on exercisability. Out of an abundance of caution, this statement is being filed to report beneficial ownership of all of the shares issuable upon exercise of the warrants regardless of whether such restrictions may limit the number of shares that would be considered to be beneficially owned.

Item 5.

Ownership of Five Percent or Less of a Class:

If this statement is being filed to report the fact that as of the date hereof the reporting persons have ceased to be the beneficial owner of more than five percent of the class of securities, check the following o

Item 6.

Ownership of More than Five Percent on Behalf of Another Person:

Not Applicable

Page 13 of 18 Pages

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 acquired and are held in the ordinary course of business and 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.

Page 14 of 18 Pages

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.

Dated: July 29, 2013

	DRAWBRIDGE SPECIAL OPPORTUNITIES FUND LP

	By: Drawbridge Special Opportunities GP LLC, its general partner

	By:	/s/ Constantine M. Dakolias
		Name: Constantine M. Dakolias
		Title: President

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.

Dated: July 29, 2013

	DRAWBRIDGE SPECIAL OPPORTUNITIES GP LLC

	By:	/s/ Constantine M. Dakolias
		Name: Constantine M. Dakolias
		Title: President

Page 15 of 18 Pages

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.

Dated: July 29, 2013

	FORTRESS PRINCIPAL INVESTMENT HOLDINGS IV LLC

	By:	/s/ David N. Brooks
		Name: David N. Brooks
		Title: General Counsel

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.

Dated: July 29, 2013

	DRAWBRIDGE SPECIAL OPPORTUNITIES ADVISORS LLC

	By:	/s/ Constantine M. Dakolias
		Name: Constantine M. Dakolias
		Title: President

Page 16 of 18 Pages

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.

Dated: July 29, 2013

	FIG LLC

	By:	/s/ David N. Brooks
		Name: David N. Brooks
		Title: Secretary

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.

Dated: July 29, 2013

	FORTRESS OPERATING ENTITY I LP

	By: FIG Corp., its general partner

	By:	/s/ David N. Brooks
		Name: David N. Brooks
		Title: Secretary

Page 17 of 18 Pages

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.

Dated: July 29, 2013

	FIG CORP.

	By:	/s/ David N. Brooks
		Name: David N. Brooks
		Title: Secretary

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.

Dated: July 29, 2013

	FORTRESS INVESTMENT GROUP LLC

	By:	/s/ David N. Brooks
		Name: David N. Brooks
		Title: Secretary

Page 18 of 18 Pages

EX-99.1 2 ex99_1.htm EXHIBIT 99.1

Exhibit 99.1

JOINT FILING AGREEMENT

This JOINT FILING AGREEMENT, dated as of July 29, 2013, is entered into by and among Drawbridge Special Opportunities Fund LP, Drawbridge Special Opportunities GP LLC, Fortress Principal Investment Holdings IV LLC, Drawbridge Special Opportunities Advisors LLC, FIG LLC, Fortress Operating Entity I LP, FIG Corp. and Fortress Investment Group LLC. Each of the above are collectively referred to herein as the “Parties” and each individually as a “Party.” Pursuant to Rule 13d-1(k)(1)(iii) promulgated under the Securities Exchange Act of 1934, as amended, the Parties hereby acknowledge and agree that the Statement on Schedule 13G is filed on behalf of each such Party and that all subsequent amendments to the Statement on Schedule 13G shall be filed on behalf of each of the Parties without the necessity of executing or filing additional joint filing agreements. The Parties hereby acknowledge that each Party shall be responsible for timely filing of such amendments, and for the completeness and accuracy of the information concerning such Party contained therein, but shall not be responsible for the completeness and accuracy of the information concerning any other Party, except to the extent that such Party knows or has reason to believe that such information is inaccurate.

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SIGNATURE

IN WITNESS WHEREOF, the Parties hereto have executed this Joint Filing Agreement as of the day and year first above written.

	DRAWBRIDGE SPECIAL OPPORTUNITIES FUND LP

	By: Drawbridge Special Opportunities GP LLC, its general partner

	By:	/s/ Constantine M. Dakolias
		Name: Constantine M. Dakolias
		Title: President

	DRAWBRIDGE SPECIAL OPPORTUNITIES GP LLC

	By:	/s/ Constantine M. Dakolias
		Name: Constantine M. Dakolias
		Title: President

	FORTRESS PRINCIPAL INVESTMENT HOLDINGS IV LLC

	By:	/s/ David N. Brooks
		Name: David N. Brooks
		Title: General Counsel

	DRAWBRIDGE SPECIAL OPPORTUNITIES ADVISORS LLC

	By:	/s/ Constantine M. Dakolias
		Name: Constantine M. Dakolias
		Title: President

	FIG LLC

	By:	/s/ David N. Brooks
		Name: David N. Brooks
		Title: Secretary

	FORTRESS OPERATING ENTITY I LP

	By: FIG Corp., its general partner

	By:	/s/ David N. Brooks
		Name: David N. Brooks
		Title: Secretary

	FIG CORP.

	By:	/s/ David N. Brooks
		Name: David N. Brooks
		Title: Secretary

	FORTRESS INVESTMENT GROUP LLC

	By:	/s/ David N. Brooks
		Name: David N. Brooks
		Title: Secretary