0001606909-16-000238.txt : 20160511
0001606909-16-000238.hdr.sgml : 20160511
20160511141951
ACCESSION NUMBER: 0001606909-16-000238
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20160509
FILED AS OF DATE: 20160511
DATE AS OF CHANGE: 20160511
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Pangaea Logistics Solutions Ltd.
CENTRAL INDEX KEY: 0001606909
STANDARD INDUSTRIAL CLASSIFICATION: DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412]
IRS NUMBER: 000000000
STATE OF INCORPORATION: D0
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 109 LONG WHARF
CITY: NEWPORT
STATE: RI
ZIP: 02840
BUSINESS PHONE: 401 846 7790
MAIL ADDRESS:
STREET 1: 109 LONG WHARF
CITY: NEWPORT
STATE: RI
ZIP: 02840
FORMER COMPANY:
FORMER CONFORMED NAME: Quartet Holdco Ltd.
DATE OF NAME CHANGE: 20140430
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Yu Peter
CENTRAL INDEX KEY: 0001426890
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36798
FILM NUMBER: 161639378
MAIL ADDRESS:
STREET 1: C/O CARTESIAN CAPITAL GROUP
STREET 2: 505 FIFTH AVENUE, 15TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10017
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Pangaea One GP (Cayman), L.P.
CENTRAL INDEX KEY: 0001622011
STATE OF INCORPORATION: E9
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36798
FILM NUMBER: 161639380
BUSINESS ADDRESS:
STREET 1: C/O CARTESIAN CAPITAL GROUP
STREET 2: 505 FIFTH AVENUE, 15TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10017
BUSINESS PHONE: 212 272 3167
MAIL ADDRESS:
STREET 1: C/O CARTESIAN CAPITAL GROUP
STREET 2: 505 FIFTH AVENUE, 15TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10017
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Pangaea One GP2 (Cayman), Co.
CENTRAL INDEX KEY: 0001622013
STATE OF INCORPORATION: E9
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36798
FILM NUMBER: 161639381
BUSINESS ADDRESS:
STREET 1: C/O CARTESIAN CAPITAL GROUP
STREET 2: 505 FIFTH AVENUE, 15TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10017
BUSINESS PHONE: 212 272 3167
MAIL ADDRESS:
STREET 1: C/O CARTESIAN CAPITAL GROUP
STREET 2: 505 FIFTH AVENUE, 15TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10017
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Pangaea One (Cayman), L.P.
CENTRAL INDEX KEY: 0001622012
STATE OF INCORPORATION: E9
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36798
FILM NUMBER: 161639383
BUSINESS ADDRESS:
STREET 1: C/O CARTESIAN CAPITAL GROUP
STREET 2: 505 FIFTH AVENUE, 15TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10017
BUSINESS PHONE: 212 272 3167
MAIL ADDRESS:
STREET 1: C/O CARTESIAN CAPITAL GROUP
STREET 2: 505 FIFTH AVENUE, 15TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10017
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Pangaea One Parallel Fund, L.P.
CENTRAL INDEX KEY: 0001621946
STATE OF INCORPORATION: E9
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36798
FILM NUMBER: 161639384
BUSINESS ADDRESS:
STREET 1: C/O CARTESIAN CAPITAL GROUP
STREET 2: 505 FIFTH AVENUE, 15TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10017
BUSINESS PHONE: 212 272 3167
MAIL ADDRESS:
STREET 1: C/O CARTESIAN CAPITAL GROUP
STREET 2: 505 FIFTH AVENUE, 15TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10017
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Pangaea One GP2 (Cayman), L.P.
CENTRAL INDEX KEY: 0001621919
STATE OF INCORPORATION: E9
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36798
FILM NUMBER: 161639382
BUSINESS ADDRESS:
STREET 1: C/O CARTESIAN CAPITAL GROUP
STREET 2: 505 FIFTH AVENUE, 15TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10017
BUSINESS PHONE: 212 272 3167
MAIL ADDRESS:
STREET 1: C/O CARTESIAN CAPITAL GROUP
STREET 2: 505 FIFTH AVENUE, 15TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10017
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Pangaea One Holding, LLC
CENTRAL INDEX KEY: 0001622319
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36798
FILM NUMBER: 161639385
BUSINESS ADDRESS:
STREET 1: C/O CARTESIAN CAPITAL GROUP
STREET 2: 505 FIFTH AVENUE, 15TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10017
BUSINESS PHONE: 212 461 6373
MAIL ADDRESS:
STREET 1: C/O CARTESIAN CAPITAL GROUP
STREET 2: 505 FIFTH AVENUE, 15TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10017
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Pangaea One GP (Cayman), Co.
CENTRAL INDEX KEY: 0001621931
STATE OF INCORPORATION: E9
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36798
FILM NUMBER: 161639379
BUSINESS ADDRESS:
STREET 1: C/O CARTESIAN CAPITAL GROUP
STREET 2: 505 FIFTH AVENUE, 15TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10017
BUSINESS PHONE: 212 272 3167
MAIL ADDRESS:
STREET 1: C/O CARTESIAN CAPITAL GROUP
STREET 2: 505 FIFTH AVENUE, 15TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10017
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Cartesian Capital Group Holding, LLC
CENTRAL INDEX KEY: 0001622320
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36798
FILM NUMBER: 161639386
BUSINESS ADDRESS:
STREET 1: C/O CARTESIAN CAPITAL GROUP
STREET 2: 505 FIFTH AVENUE, 15TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10017
BUSINESS PHONE: 212 461 6373
MAIL ADDRESS:
STREET 1: C/O CARTESIAN CAPITAL GROUP
STREET 2: 505 FIFTH AVENUE, 15TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10017
4
1
wf-form4_146299077736004.xml
FORM 4
X0306
4
2016-05-09
0
0001606909
Pangaea Logistics Solutions Ltd.
PANL
0001622320
Cartesian Capital Group Holding, LLC
505 FIFTH AVENUE
NEW YORK
NY
10017
0
0
1
0
0001622319
Pangaea One Holding, LLC
C/O CARTESIAN CAPITAL GROUP HOLDING, LLC
505 FIFTH AVE
NEW YORK
NY
10017
0
0
1
0
0001621946
Pangaea One Parallel Fund, L.P.
C/O CARTESIAN CAPITAL GROUP HOLDING, LLC
505 FIFTH AVE
NEW YORK
NY
10017
0
0
1
0
0001622012
Pangaea One (Cayman), L.P.
C/O CARTESIAN CAPITAL GROUP LLC
505 FIFTH AVENUE
NEW YORK
NY
10017
0
0
1
0
0001621919
Pangaea One GP2 (Cayman), L.P.
C/O CARTESIAN CAPITAL GROUP HOLDING, LLC
505 FIFTH AVE
NEW YORK
NY
0
0
1
0
0001622013
Pangaea One GP2 (Cayman), Co.
C/O CARTESIAN CAPITAL GROUP LLC
505 FIFTH AVENUE
NEW YORK
NY
10017
0
0
1
0
0001622011
Pangaea One GP (Cayman), L.P.
C/O CARTESIAN CAPITAL GROUP LLC
505 FIFTH AVENUE
NEW YORK
NY
10017
0
0
1
0
0001621931
Pangaea One GP (Cayman), Co.
C/O CARTESIAN CAPITAL GROUP LLC
505 FIFTH AVENUE
NEW YORK
NY
10017
0
0
1
0
0001426890
Yu Peter
C/O CARTESIAN CAPITAL GROUP LLC
505 FIFTH AVENUE
NEW YORK
NY
10017
1
0
1
0
Common Share $0.0001 Par Value
14018609
I
see footnotes
The 14,018,609 shares of Common Stock are held directly as follows: (i) 1,099,304 shares of Common Stock held directly by Imfinno, L.P.,a Delaware limited partnership ("Imfinno"); (ii) 1,669,492 shares of Common Stock held directly by Malemod, L.P., a Delaware limited partnership ("Malemod"); (iii) 1,658,620 shares of Common Stock held directly by Nypsun, L.P., a Delaware limited partnership ("Nypsun"); (iv) 1,555,334 shares of Common Stock held directly by Leggonly, L.P., a Delaware limited partnership ("Leggonly"); (v) 1,555,307 shares of Common Stock held directly by Pangaea One Parallel Fund (B), L.P., a Delaware limited partnership ("Pangaea Parallel (B)"); (vi) 3,297,254 shares of Common Stock held directly by Pangaea One (Cayman), L.P. ("Pangaea Cayman"); (vii) 3,081,156 shares of Common Stock held directly by Pangaea One Parallel Fund, L.P. ("Pangaea Parallel") and (viii) 102,142 Common Shares held directly by Pangaea Acquisition.
Pangaea One, L.P., a Delaware limited partnership ("Pangaea One"), Pangaea Parallel (B), Pangaea Cayman and Pangaea Parallel directly own Pangaea Acquisition. Pangaea One GP, LLC, a Delaware limited liability company ("Pangaea LLC") is the general partner of Imfinno, Malemod, Nypsun, Leggonly, Pangaea Parallel (B), and Pangaea One. Pangaea One GP (Cayman), L.P., a Cayman Islands company ("PGP LP") is the general partner of Pangaea Cayman. Pangaea One GP (Cayman), Co., a Cayman Islands company ("PGP Co") is the general partner of PGP LP.
Footnote 4 Continued : Pangaea One Holding, LLC, a Delaware limited liability company ("Pangaea One LLC") is the managing member of Pangaea LLC and PGP Co. Pangaea One GP2 (Cayman), L.P., a Cayman Islands limited partnership ("PGP2 LP") is the general partner of Pangaea Parallel. Pangaea One GP2 (Cayman), Co., a Cayman Islands company ("PGPs Co") is the general partner of PGP2 LP. Cartesian Capital Group, LLC, a Delaware limited liability company ("Cartesian") is the managing member of Pangaea One LLC and PGP2 Co.
Cartesian, Pangaea One LLC, Pangaea Cayman, Pangaea Parallel, PGP LP, PGP Co, PGP2 LP, and PGP2 Co. are collectively referred to herein as the "Pangaea Entities" and, together with Peter Yu, the "Pangaea Reporting Persons." Each Pangaea Entity disclaims beneficial ownership with respect to any shares of Common Stock of Pangaea Logistics Solutions Ltd. (the "Issuer"), except to the extent of its pecuniary interest in such shares of Common Stock and this report shall not be deemed an admission that for purposes of Section1 6 of the Securities Exchange Act of 1934 (as amended, the "Exchange Act") or otherwise, any of the Pangaea Reporting Persons is the beneficial owner of these securities. Information with respect to each of the Pangaea Reporting Persons is given solely by such Reporting Person, and no Pangaea Reporting Person has responsibility for the accuracy or completeness of the information supplied by another Pangaea Reporting Person.
Peter Yu is a member of the Board of Directors of the Issuer and is a managing member or director of each of Cartesian, Pangaea One LLC, PGP LP, PGP Co, PGP2 LP and PGP Co. As such, Mr. Yu may be deemed to have an indirect pecuniary interest (within the meaning of Rule 16a-1 under the Exchange Act) in an indeterminate portion of the securities reported as beneficially owned by the Pangaea Entities. Mr. Yu disclaims beneficial ownership of all such securities, except to the extent of any direct pecuniary interest therein and this report shall not be deemed an admission that Mr. Yu is the beneficial owner of any such securities for Section 16 of the Exchange Act or any other purposes.
Due to the limitation on the number of filers that can report on a single Form 4, Pangaea Parallel (B), Pangaea One GP, Pangaea One and Pangaea Acquisition have filed a separate Form 4 on the date hereof reporting indirect beneficial ownership over the shares of Common Stock acquired by Pangaea Acquisition.
Peter Yu
By: /s/ Peter Yu
2016-05-11
PANGAEA ONE HOLDING, LLC
By: /s/ Peter Yu
2016-05-11
PANGAEA ONE PARALLEL FUND, L.P.
By: /s/ Peter Yu
2016-05-11
PANGAEA ONE (CAYMAN), L.P.
By: /s/ Peter Yu
2016-05-11
PANGAEA ONE GP2 (CAYMAN), L.P.
By: /s/ Peter Yu
2016-05-11
PANGAEA ONE GP2 (CAYMAN), CO.
By: /s/ Peter Yu
2016-05-11
PANGAEA ONE GP (CAYMAN), L.P.
By: /s/ Peter Yu
2016-05-11
PANGAEA ONE GP (CAYMAN), CO.
By: /s/ Peter Yu
2016-05-11
CARTESIAN CAPITAL GROUP, LLC
By: /s/ Peter Yu
2016-05-11