-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, GuXeyQhqov9uW8NFf+k1Svmpksam8OpvXhnYm/Gq2/LbmH+HiF3JpyfHBYkgFg1S Fn/ObYhuBwBNbK5Sdd5Jow== 0000950134-06-008239.txt : 20060428 0000950134-06-008239.hdr.sgml : 20060428 20060428132823 ACCESSION NUMBER: 0000950134-06-008239 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20060428 DATE AS OF CHANGE: 20060428 GROUP MEMBERS: FIR TREE RECOVERY MASTER FUND SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: HAPC, Inc. CENTRAL INDEX KEY: 0001337013 STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770] IRS NUMBER: 203341405 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-81749 FILM NUMBER: 06788571 BUSINESS ADDRESS: STREET 1: 350 MADISON AVENUE, 20TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 212-418-5070 MAIL ADDRESS: STREET 1: 350 MADISON AVENUE, 20TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 FORMER COMPANY: FORMER CONFORMED NAME: Healthcare Acquisition Partners Corp. DATE OF NAME CHANGE: 20050824 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Sapling, LLC CENTRAL INDEX KEY: 0001299959 IRS NUMBER: 201337773 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 535 FIFTH AVENUE STREET 2: 31ST FLOOR CITY: NEW YORK STATE: NY ZIP: 10003 BUSINESS PHONE: (212)559-0090 MAIL ADDRESS: STREET 1: 535 FIFTH AVENUE STREET 2: 31ST FLOOR CITY: NEW YORK STATE: NY ZIP: 10003 SC 13G 1 d35494sc13g.htm SCHEDULE 13G sc13g
 

     
 
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. )*

HAPC, Inc.
(Name of Issuer)
Common Stock, par value $.0001 per share
(Title of Class of Securities)
411357205
(CUSIP Number)
April 12, 2006
(Date of Event Which Requires Filing of this Statement)

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

     o Rule 13d-1(b)

     þ Rule 13d-1(c)

     o 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).

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

 
 


 

                     
CUSIP No.
 
411357205 

 

           
1   NAMES OF REPORTING PERSONS:
Sapling, LLC
   
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): 
   
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):

  (a)   o
  (b)   o
     
3   SEC USE ONLY:
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION:
   
  Delaware
       
  5   SOLE VOTING POWER:
     
NUMBER OF   0
       
SHARES 6   SHARED VOTING POWER:
BENEFICIALLY    
OWNED BY   1,461,075
       
EACH 7   SOLE DISPOSITIVE POWER:
REPORTING    
PERSON   0
       
WITH: 8   SHARED DISPOSITIVE POWER:
     
    1,461,075
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
   
  1,461,075
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
   
  7.9%
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
   
  OO

2


 

                     
CUSIP No.
 
411357205 

 

           
1   NAMES OF REPORTING PERSONS:
Fir Tree Recovery Master Fund, L.P.
   
  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): 
   
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):

  (a)   o
  (b)   o
     
3   SEC USE ONLY:
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION:
   
  Cayman Islands
       
  5   SOLE VOTING POWER:
     
NUMBER OF   0
       
SHARES 6   SHARED VOTING POWER:
BENEFICIALLY    
OWNED BY   601,425
       
EACH 7   SOLE DISPOSITIVE POWER:
REPORTING    
PERSON   0
       
WITH: 8   SHARED DISPOSITIVE POWER:
     
    601,425
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
   
  601,425
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):
   
  3.3%
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):
   
  PN

3


 

SCHEDULE 13G
     This Schedule 13G (the “Schedule 13G”) is being filed on behalf of Sapling, LLC, a Delaware limited liability company (“Sapling”), and Fir Tree Recovery Master Fund, L.P., a Cayman Islands exempted limited partnership (“Fir Tree Recovery”), relating to shares of common stock of HAPC, Inc., a Delaware corporation (the “Issuer”), purchased by Sapling and Fir Tree Recovery. Fir Tree Value Master Fund, LP, a Cayman Islands exempted limited partnership (“Fir Tree Master”), is the sole member of Sapling and Fir Tree, Inc., a New York corporation (“Fir Tree”), is the investment manager of both Sapling and Fir Tree Recovery.
         
Item 1(a)
  Name of Issuer.
 
       
 
  HAPC, Inc.
 
       
Item 1(b)
  Address of Issuer’s Principal Executive Offices.
 
       
 
  350 Madison Avenue, 20th Floor
 
  New York, New York 10017
 
       
Item 2(a)
  Name of Person Filing.
 
       
 
  Sapling, LLC (“Sapling”) and Fir Tree Recovery Master Fund, L.P.
 
  (“Fir Tree Recovery”)
 
       
Item 2(b)
  Address of Principal Business Office.
 
       
 
  535 Fifth Avenue
 
  31st Floor
 
  New York, New York 10017
 
       
Item 2(c)
  Place of Organization.
 
       
 
  Sapling is a Delaware limited liability company. Fir Tree Recovery is a Cayman Islands exempted limited partnership.
 
       
Item 2(d)
  Title of Class of Securities.
 
       
 
  Common Stock, par value $.0001 per share (the “Common Stock”).
 
       
Item 2(e)
  CUSIP Number.
 
       
 
  411357205

4


 

         
 
       
Item 3   Reporting Person.
 
       
    The person filing is not listed in Items 3(a) through 3(j).
 
       
Item 4   Ownership.
 
       
 
  (a)   Sapling and Fir Tree Recovery are the beneficial owners of 2,062,500 shares of Common Stock.
 
       
 
  (b)   Sapling and Fir Tree Recovery are the beneficial owners of 11.2% of the outstanding shares of Common Stock. This percentage is determined by dividing the number of shares beneficially held by 18,416,668 the number of shares of Common Stock issued and outstanding as of April 18, 2006, as reported in the Issuer’s Current Report filed with the Securities and Exchange Commission on Form 8-K pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 on April 26, 2006.
 
       
 
  (c)   Sapling may direct the vote and disposition of the 1,461,075 shares of Common Stock. Fir Tree Recovery may direct the vote and disposition of 601,425 shares of Common Stock.
 
       
Item 5   Ownership of Five Percent or Less of a Class.
 
       
    Inapplicable.
 
       
Item 6   Ownership of More Than Five Percent on Behalf of Another Person.
 
       
    Fir Tree Master, as the sole member of Sapling, has the right to receive dividends from and the proceeds from the sale of the Common Stock.
 
       
Item 7   Identification and Classification of the Subsidiary which Acquired the Security Being Reported On by the Parent Holding Company.
 
       
    Inapplicable.
 
       
Item 8   Identification and Classification of Members of the Group.
 
       
    Inapplicable.
 
       
Item 9   Notice of Dissolution of Group.
 
       
    Inapplicable.
 
       
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.

5


 

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 28, 2006
         
  SAPLING, LLC

By:  FIR TREE, INC., its Manager
 
 
  By:   /s/ Jeffrey Tannenbaum    
    Name:   Jeffrey Tannenbaum   
    Title:   President   
 
         
  FIR TREE RECOVERY MASTER FUND, L.P.

By:  FIR TREE, INC., its Manager
 
 
  By:   /s/ Jeffrey Tannenbaum    
    Name:   Jeffrey Tannenbaum   
    Title:   President   

6

EX-99.1 2 d35494exv99w1.htm JOINT FILING AGREEMENT exv99w1
 

         
EXHIBIT 1
JOINT FILING AGREEMENT
     In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the undersigned agree to the joint filing on behalf of each of them of a Statement on Schedule 13G (including any and all amendments thereto) with respect to the Common Stock, par value $0.0001 per share, of HAPC, Inc., and further agree that this Joint Filing Agreement shall be included as an Exhibit to such joint filings.
     The undersigned further agree that each party hereto is responsible for the timely filing of such Statement on Schedule 13G and any amendments thereto, and for the accuracy and completeness of the information concerning such party contained therein; provided, however, that no party is responsible for the accuracy or completeness of the information concerning any other party, unless such party knows or has reason to believe that such information is inaccurate.
     This Joint Filing Agreement may be signed in counterparts with the same effect as if the signature on each counterpart were upon the same instrument.
     IN WITNESS WHEREOF, the undersigned have executed this Agreement as of April 28, 2006.
         
  SAPLING, LLC

By: FIR TREE, INC., its Manager
 
 
  By:   /s/ Jeffrey Tannenbaum    
    Name:   Jeffrey Tannenbaum   
    Title:   President   
 
         
  FIR TREE RECOVERY MASTER FUND, L.P.


By: FIR TREE, INC., its Manager
 
 
  By:   /s/ Jeffrey Tannenbaum    
    Name:   Jeffrey Tannenbaum   
    Title:   President   
 

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