-----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, Q7CfvaK4n3R0215d9kr3LRo6XkadtSl21GstQjcCOagswWlzeOrEzBXRfamAIWNF E1t2nDyol0ooJ1OZaYIWGw== 0001056569-09-000026.txt : 20090317 0001056569-09-000026.hdr.sgml : 20090317 20090317101411 ACCESSION NUMBER: 0001056569-09-000026 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20090317 DATE AS OF CHANGE: 20090317 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Ideation Acquisition Corp. CENTRAL INDEX KEY: 0001402225 STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770] IRS NUMBER: 770688094 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-83412 FILM NUMBER: 09686654 BUSINESS ADDRESS: STREET 1: 1990 S. BUNDY BOULEVARD STREET 2: SUITE 620 CITY: LOS ANGELES STATE: CA ZIP: 90025 BUSINESS PHONE: 310-694-8150 MAIL ADDRESS: STREET 1: 1105 N. MARKET STREET STREET 2: SUITE 1300 CITY: WILMINGTON STATE: DE ZIP: 19801 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: LOEB ARBITRAGE MANAGEMENT, LLC CENTRAL INDEX KEY: 0001056569 IRS NUMBER: 133269993 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 61 BROADWAY CITY: NEW YORK STATE: NY ZIP: 10006 BUSINESS PHONE: 2124837000 MAIL ADDRESS: STREET 1: 61 BROADWAY CITY: NEW YORK STATE: NY ZIP: 10006 FORMER COMPANY: FORMER CONFORMED NAME: LOEB ARBITRAGE MANAGEMENT INC DATE OF NAME CHANGE: 19990325 SC 13D/A 1 f09-03_1313da1.htm 13DA1

 


UNITED STATES

SECURITIES & EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13D

 

Under the Securities Exchange Act of 1934

(Amendment No 1)*

 

Ideation Acquisition Corp.

(Name of Issuer)

 

Common Stock

(Title of Class of Securities)

 

451665103

(CUSIP Number)

 

Alexander H. McMillan, Esq.

c/o Loeb Partners Corporation

61 Broadway, New York, N.Y. 10006 (212) 483-7069

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

 

March 13, 2009

(Date of Event which Requires Filing of this Statement)

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240,13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o

 

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

 

*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 disclosures provided in a prior cover page.

 

The information required on 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).

 


 

 


 


CUSIP No.

451665103

 

 

1. Name of Reporting Person

Loeb Arbitrage Management, LLC

 

 

I.R.S. Identification No. of Above Person

 

 

 

2. Check the Appropriate Box if a Member of a Group

(a) x

 

(b) o

 

 

3. SEC Use Only

 

 

 

4. Source of Funds

WC, OO

 

 

5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

o

 

 

6. Citizenship or Place of Organization

Delaware

 

Number of Shares Beneficially Owned by Each Reporting Person With

 

 

7. Sole Voting Power

-0-

 

 

8. Shared Voting Power

44,170

 

 

9. Sole Dispositive Power

-0-

 

 

10. Shared Dispositive Power

44,170

 

 

11. Aggregate Amount of Beneficially Owned by Each Reporting Person

44,170

 

 

12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares

o

 

 

13. Percent of Class Represented by Amount in Row (11)

0.35%

 

 

14. Type of Reporting Person

IA

 

 

 

 


CUSIP No.

451665103

 

 

1. Name of Reporting Person

Loeb Arbitrage Fund

 

 

I.R.S. Identification No. of Above Person

 

 

 

2. Check the Appropriate Box if a Member of a Group

(a) x

 

(b) o

 

 

3. SEC Use Only

 

 

 

4. Source of Funds

WC, OO

 

 

5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

o

 

 

6. Citizenship or Place of Organization

New York

 

Number of Shares Beneficially Owned by Each Reporting Person With

 

 

7. Sole Voting Power

416,777

 

 

8. Shared Voting Power

-0-

 

 

9. Sole Dispositive Power

416,777

 

 

10. Shared Dispositive Power

-0-

 

 

11. Aggregate Amount of Beneficially Owned by Each Reporting Person

416,777

 

 

12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares

o

 

 

13. Percent of Class Represented by Amount in Row (11)

3.33%

 

 

14. Type of Reporting Person

PN

 

 

 


 

CUSIP No.

451665103

 

 

1. Name of Reporting Person

Loeb Offshore Fund Ltd.

 

 

I.R.S. Identification No. of Above Person

 

 

 

2. Check the Appropriate Box if a Member of a Group

(a) x

 

(b) o

 

 

3. SEC Use Only

 

 

 

4. Source of Funds

WC, OO

 

 

5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

o

 

 

6. Citizenship or Place of Organization

Cayman Islands

 

Number of Shares Beneficially Owned by Each Reporting Person With

 

 

7. Sole Voting Power

20,844

 

 

8. Shared Voting Power

-0-

 

 

9. Sole Dispositive Power

20,844

 

 

10. Shared Dispositive Power

-0-

 

 

11. Aggregate Amount of Beneficially Owned by Each Reporting Person

20,844

 

 

12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares

o

 

 

13. Percent of Class Represented by Amount in Row (11)

0. 17%

 

 

14. Type of Reporting Person

CO

 

 

 

 


CUSIP No.

451665103

 

 

1. Name of Reporting Person

Loeb Marathon Fund LP

 

 

I.R.S. Identification No. of Above Person

 

 

 

2. Check the Appropriate Box if a Member of a Group

(a) x

 

(b) o

 

 

3. SEC Use Only

 

 

 

4. Source of Funds

WC, OO

 

 

5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

o

 

 

6. Citizenship or Place of Organization

Delaware

 

Number of Shares Beneficially Owned by Each Reporting Person With

 

 

7. Sole Voting Power

20,802

 

 

8. Shared Voting Power

-0-

 

 

9. Sole Dispositive Power

20,802

 

 

10. Shared Dispositive Power

-0-

 

 

11. Aggregate Amount of Beneficially Owned by Each Reporting Person

20,802

 

 

12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares

o

 

 

13. Percent of Class Represented by Amount in Row (11)

0.17%

 

 

14. Type of Reporting Person

PN

 

 

 

 


CUSIP No.

451665103

 

 

1. Name of Reporting Person

Loeb Marathon Offshore Fund, Ltd.

 

 

I.R.S. Identification No. of Above Person

 

 

 

2. Check the Appropriate Box if a Member of a Group

(a) x

 

(b) o

 

 

3. SEC Use Only

 

 

 

4. Source of Funds

WC, OO

 

 

5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

o

 

 

6. Citizenship or Place of Organization

Cayman Islands

 

Number of Shares Beneficially Owned by Each Reporting Person With

 

 

7. Sole Voting Power

10,007

 

 

8. Shared Voting Power

-0-

 

 

9. Sole Dispositive Power

10,007

 

 

10. Shared Dispositive Power

-0-

 

 

11. Aggregate Amount of Beneficially Owned by Each Reporting Person

10,007

 

 

12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares

o

 

 

13. Percent of Class Represented by Amount in Row (11)

0.08%

 

 

14. Type of Reporting Person

CO

 

 

 


 

Item 1.

Security and Issuer

 

 

The title and class of equity security to which this Statement relates is the Common Stock (the “Common Stock”), of Ideation Acquisition Corp. The address of the Issuer’s principal executive offices is 1990 South Bundy Boulevard, Suite 620, Los Angeles, CA 90025.

 

 

Item 2.

Identity and Background

 

 

All entities referenced herein are located at 61 Broadway, New York, New York 10006 and are investment partnerships or investment advisors. Loeb Arbitrage Fund (“LAF”) is a New York limited partnership. Loeb Marathon Fund LP (“LMF”) is a Delaware limited partnership. Loeb Arbitrage Management LLC (“LAM”), a Delaware limited liability company and registered investment adviser, is the investment manager of LAF and LMF. LAM’s President and Chief Executive Officer is Gideon J. King. The other officers include Thomas L. Kempner, Chairman of the Board; Alexander H. McMillan, Vice President and Secretary; and David S. Hampson, Chief Financial Officer. Loeb Offshore Fund, Ltd. (“LOF”) and Loeb Marathon Offshore Fund, Ltd. (“LMOF”) are each a Cayman Islands exempted company. Loeb Offshore Management, LLC (“LOM”) is a Delaware limited liability company, a registered investment adviser and is wholly owned by Loeb Holding Corporation. It is the investment adviser of LOF and LMOF. Gideon J. King and Thomas L. Kempner are Directors of LOF and LMOF and Managers of LOM. LAM and LOM jointly do business as Loeb Capital Management. Loeb Holding Corporation (“LHC”), a Maryland corporation, is the sole stockholder of LAM and LOM. Thomas L. Kempner is the President, Chief Executive Officer, director and majority stockholder of LHC. Bruce L. Lev, Norman N. Mintz and Peter A. Tcherepnine are also directors. All of the individuals named in this Item 2 are United States citizens. None of the entities or individuals named in this Item 2 have been, within the last five years, convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding been or are subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violations with respect to such laws.

 


 

 

 

Item 3.

Source and Amount of Funds or Other Compensation

 

 

Shares of Common Stock were acquired by LAF, LAM**, LOF, LMF and LMOF in margin accounts maintained with J.P. Morgan Securities Corp.

 

Item 4.

Purpose of Transaction

 

 

LAF, LAM**, LOF, LMF and LMOF (“Loeb”) have acquired shares of Common Stock for investment purposes. Loeb reserves the right, consistent with applicable law, to acquire additional securities of the Issuer (whether through open market purchases, block trades, private acquisitions, tender or exchange offers or otherwise).

 

Loeb intends to review its investment in the Issuer on a continuing basis and may engage in discussions with management or the Board of Directors of the Issuer concerning the business and future plans of the Issuer. Depending on various factors, including, without limitation, the Issuer’s financial position and investment strategy, the price levels of the Common Stock of the Issuer, conditions in the securities markets and general economic and industry conditions, Loeb may in the future take such actions with respect to its investment in the Issuer as it deems appropriate including, without limitation, seeking Board representations, making proposals to the Issuer concerning the capitalization of the Issuer, purchasing additional Common Stock and other securities of the Issuer, selling some or all of its Common Stock, engaging in short selling of or any hedging or similar transaction with respect to the Common Stock of the Issuer or changing its intention partially or entirely with respect to any and all matters referred to in Item 4.

 

 

Item 5.

Interest in Securities of the Issuer

 

 

 

 

(a)

The persons reporting hereby own the following shares of Common Stock as of March 16, 2009

 

 

 

Shares of Common Stock

Voting Power

Dispositive Power

Sole

Shared

Sole

Shared

Loeb Arbitrage Fund

416,777

416,777

-0-

416,777

-0-

Loeb Arbitrage Management, LLC**

44,170

-0-

44,170

-0-

44,170

Loeb Offshore Fund Ltd.

20,844

20,844

-0-

20,844

-0-

Loeb Marathon Fund, LP

20,802

20,802

-0-

20,802

-0-

Loeb Marathon Offshore Fund, Ltd.

10,007

10,007

-0-

10,007

-0-

 

 

Total

512,600

 

The total shares of Common Stock constitute 4.10% of the 12,500,000 outstanding shares of Common Stock as reported by the Issuer.

 


**Including shares of Common Stock purchased for the accounts of customers of Loeb Arbitrage Management, LLC as to which it has investment discretion.

 

 

 

(b)

See paragraph (a) above.

 

 

 

 

 

 

(c)

The following purchases and sales (-) of Common Stock have been made within the last sixty (60) days:

 

 

 

Purchases and Sales of Common Stock

 

 

 

Date

Shares

Average Price

 

 

Loeb Arbitrage Management, LLC

03/13/09

-13,368

7.52

 

 

 

03/10/09

-9

7.51

 

 

 

03/09/09

-72

7.51

 

 

 

 

 

 

 

 

 

Date

Shares

Average Price

 

 

Loeb Arbitrage Fund

03/13/09

-101732

7.52

 

 

 

03/10/09

-81

7.51

 

 

 

03/09/09

-650

7.51

 

 

 

 

 

 

 

Date

Shares

Average Price

 

Loeb Offshore Fund, Ltd.

03/13/09

-8773

7.52

 

 

03/10/09

-5

7.51

 

 

03/09/09

-37

7.51

 

 

 

 

 

 

 

Date

Shares

Average Price

 

Loeb Marathon Fund LP

03/13/09

-1031

7.52

 

 

03/10/09

-3

7.51

 

 

03/09/09

-28

7.51

 

 

 

 

 

 

 

Date

Shares

Average Price

 

Loeb Marathon Offshore Fund, Ltd.

03/13/09

-496

7.52

 

 

03/10/09

-2

7.51

 

 

03/09/09

-13

7.51

 

 

 

 

 

 

 

 

(d)

Not Applicable.

 

 

 

 

 

 

(e)

Not Applicable.

 

Item 6.

Contracts, Arrangement, Understandings or Relationships with Respect to the Issuer.

 

 

 

None.

 

 

Item 7.

Materials to be Filed as Exhibits.

 

 

 

None.

 


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.

 

 

 

LOEB ARBITRAGE MANAGEMENT, LLC

 

 

 

 

 

 

Date: March 17, 2009

 

By:_ /s/ Alexander H. McMillan

 

 

Alexander H. McMillan

 

 

Vice President

 

 

 

 

 

LOEB ARBITRAGE FUND

 

 

By: LOEB ARBITRAGE MANAGEMENT, LLC, G.P.

 

 

 

 

 

 

Date: March 17, 2009

 

By:_ /s/ Alexander H. McMillan

 

 

Alexander H. McMillan

 

 

Vice President

 

 

 

 

 

LOEB OFFSHORE FUND LTD.

 

 

 

 

 

 

Date: March 17, 2009

 

By:_ /s/ Alexander H. McMillan

 

 

Alexander H. McMillan

 

 

Vice President

 

 

 

 

 

LOEB MARATHON FUND LP

 

 

By: LOEB ARBITRAGE MANAGEMENT, LLC, G.P.

 

 

 

 

 

 

Date: March 17, 2009

 

By:_ /s/ Alexander H. McMillan

 

 

Alexander H. McMillan

 

 

Vice President

 

 

 

 

 

LOEB MARATHON OFFSHORE FUND, LTD.

 

 

 

 

 

 

 

 

 

Date: March 17, 2009

 

By:_ /s/ Alexander H. McMillan

 

 

Alexander H. McMillan

 

 

Vice President

 

 

 

 

 

 

 

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