-----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, KfOedZkIRhZORCLaDp04yjzMnuulGLgKy0qs/Zse2nYAPXnLkaq4FhrMQ2ZAJSb7 rvyPcclqaTpB/uwsAEUD9A== 0000890163-08-000070.txt : 20080213 0000890163-08-000070.hdr.sgml : 20080213 20080213123904 ACCESSION NUMBER: 0000890163-08-000070 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20080213 DATE AS OF CHANGE: 20080213 GROUP MEMBERS: CO INVESTMENT FUND II LP GROUP MEMBERS: DONALD R. CALDWELL SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Lightning Gaming, Inc. CENTRAL INDEX KEY: 0001392545 STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770] IRS NUMBER: 208583866 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-82967 FILM NUMBER: 08602748 BUSINESS ADDRESS: STREET 1: 106 CHELSEA PARKWAY CITY: BOOTHWYN STATE: PA ZIP: 19061 BUSINESS PHONE: (610) 494-5534 MAIL ADDRESS: STREET 1: 106 CHELSEA PARKWAY CITY: BOOTHWYN STATE: PA ZIP: 19061 FORMER COMPANY: FORMER CONFORMED NAME: Red Pearl Acquisition Corp DATE OF NAME CHANGE: 20070314 FORMER COMPANY: FORMER CONFORMED NAME: Red Pearl Acquistion Corp DATE OF NAME CHANGE: 20070309 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CALDWELL DONALD R CENTRAL INDEX KEY: 0001211700 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: BUSINESS PHONE: 6109952650 MAIL ADDRESS: STREET 1: 5 RADNOR CORP CENTER STE 555 CITY: RADNOR STATE: PA ZIP: 19087 SC 13D 1 s11-8154_13d.txt SCHEDULE 13D: CALDWELL SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 LIGHTNING GAMING, INC. ------------------------------------------------------------------------------- (Name of Issuer) Common Stock, $.001 par value per share ------------------------------------------------------------------------------- (Title of Class of Securities) To Be Applied For ------------------------------------------------------------------------------- (CUSIP Number) Donald R. Caldwell Five Radnor Corporate Center, Suite 555 Radnor, Pennsylvania 19087 (610) 995-2650 ------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) January 29, 2008 ------------------------------------------------------------------------------- (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 which is the subject of this Schedule 13D, and is filing this schedule because of ss.ss. 240.13d-1(e), ss.ss. 240.13d-1(f), or ss.ss. 240.13d-1(g), check the following box: [ ] . 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. CUSIP No. To be Applied For ------------------------------------------------------------------------------- (1) Name of reporting persons: Donald R. Caldwell ------------------------------------------------------------------------------- (2) Check the appropriate box if a member of a group (see instructions) (a) [ ] (b) [ ] ------------------------------------------------------------------------------- (3) SEC use only ------------------------------------------------------------------------------- (4) Source of funds (see instructions) AF ------------------------------------------------------------------------------- (5) Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) [ ] ------------------------------------------------------------------------------- (6) Citizenship or place of organization United States of America ------------------------------------------------------------------------------- Number of shares beneficially owned by each reporting person with: ------------------------------------------------------------------------------- (7) Sole voting power 840,000 ------------------------------------------------------------------------------- (8) Shared voting power 3,178,990 ------------------------------------------------------------------------------- (9) Sole dispositive power 840,000 ------------------------------------------------------------------------------- (10) Shared dispositive power 3,178,990 ------------------------------------------------------------------------------- (11) Aggregate amount beneficially owned by each reporting person 4,018,990 ------------------------------------------------------------------------------- (12) Check if the aggregate amount in Row (11) excludes certain shares (see instructions) [ ] ------------------------------------------------------------------------------- (13) Percent of class represented by amount in Row (11) 51.37% ------------------------------------------------------------------------------- (14) Type of reporting person (see instructions) IN ------------------------------------------------------------------------------- CUSIP No. To be Applied For ------------------------------------------------------------------------------- (1) Name of reporting persons: Co Investment Fund II LP ------------------------------------------------------------------------------- (2) Check the appropriate box if a member of a group (see instructions) (a) [ ] (b) [ ] ------------------------------------------------------------------------------- (3) SEC use only ------------------------------------------------------------------------------- (4) Source of funds (see instructions) OO ------------------------------------------------------------------------------- (5) Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) [ ] ------------------------------------------------------------------------------- (6) Citizenship or place of organization Pennsylvania ------------------------------------------------------------------------------- Number of shares beneficially owned by each reporting person with: ------------------------------------------------------------------------------- (7) Sole voting power 0 ------------------------------------------------------------------------------- (8) Shared voting power 3,178,990 ------------------------------------------------------------------------------- (9) Sole dispositive power 0 ------------------------------------------------------------------------------- (10) Shared dispositive power 3,178,990 ------------------------------------------------------------------------------- (11) Aggregate amount beneficially owned by each reporting person 3,178,990 ------------------------------------------------------------------------------- (12) Check if the aggregate amount in Row (11) excludes certain shares (see instructions) [ ] ------------------------------------------------------------------------------- (13) Percent of class represented by amount in Row (11) 40.63% ------------------------------------------------------------------------------- (14) Type of reporting person (see instructions) PN ------------------------------------------------------------------------------- Item 1. Security and Issuer This Schedule 13D is filed jointly by Donald R. Caldwell and Co Investment Fund II LP, a Delaware limited partnership ("Co Investment Fund II"), relating to the acquisition by Mr. Caldwell of 840,000 shares of common stock, par value $0.001 per share (the "Shares"), of Lightning Gaming, Inc., a Nevada corporation (the "Issuer") and relating to warrants issued to Co Investment Fund II to purchase 3,178,990 Shares, each as a result of the consummation of the merger of Lightning Poker, Inc., with and into a subsidiary of the Issuer on January 29, 2008. The address of the principal executive offices of the Issuer is 106 Chelsea Parkway Boothwyn, Pa 19061. Item 2. Identity & Background This statement is filed on behalf of: (a) Donald R. Caldwell and Co Investment Fund II (b) Five Radnor Corporate Center, Suite 555, Radnor, Pennsylvania 19087 (c) Mr. Caldwell is the Chairman and Chief Executive Officer of Cross Atlantic Capital Partners Inc., which manages Co Investment Fund II. (d) The reporting persons have not, during the past five (5) years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). (e) The reporting persons have not during the past five (5) years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and, as a result of such proceeding, 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 violation with respect to such laws. (f) Mr. Caldwell is a United States citizen. Co Investment Fund II is a Pennsylvania limited partnership. Item 3. Source and Amount of Funds or Other Consideration The Shares were received by Mr. Caldwell in exchange for an equal number of shares of common stock of Lightning Poker, Inc. ("Lightning Poker") as a result of the consummation of the merger (the "Merger") of a subsidiary of the Issuer into Lightning Poker on January 29, 2008. As a consequence of the consummation of the Merger, warrants to purchase 3,178,990 shares of common stock of Lighting Poker became exercisable for the same number of Shares. Item 4. Purpose of Transaction The reporting persons acquired beneficial ownership of the Shares as a consequence of the consummation of the Merger. Item 5. Interest in Securities of the Issuer (a) and (b) Mr. Caldwell owns 840,000 shares and Co Investment Fund II holds warrants to acquire 3,178,990 Shares. Mr. Caldwell has the sole voting and dispositive power of the Shares owned by him. By virtue of Mr. Caldwell's position with Cross Atlantic Capital Partners Inc., he and Co Investment Fund II have shared voting and dispositive power of the Shares issuable upon exercise of the warrants held by Co Investment Fund II. (c) The 840,000 Shares were acquired by Mr. Caldwell and the warrants to purchase 3,178,990 Shares were acquired by Co Investment Fund II on January 29, 2008 as a consequence of the Merger. (d) Not applicable. (e) Not applicable. Item 6. Contract, Arrangements, Understandings, or Relationships with respect to Securities of the Issuer None Item 7. Material to be Filed as Exhibits None Signature After reasonable inquiry, and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: February 13, 2008 /s/ Donald R. Caldwell --------------------------------- Donald R. Caldwell CO INVESTMENT FUND II LP By: Co-Invest Management II, L.P., its General Partner By: Co-Invest II Capital Partners, Inc., it General Partner By: Donald R. Caldwell Chairman and Chief Executive Officer AGREEMENT OF JOINT FILING In accordance with Rule 13d-1(k) under the Act, the undersigned hereby agree to the joint filing with the other persons signatory below of a statement on Schedule 13D or any amendments thereto, with respect to the Common Stock, and that this Agreement be included as an attachment to such filing. This Agreement may be executed in any number of counterparts each of which shall be deemed to be an original and all of which together shall be deemed to constitute one and the same Agreement. IN WITNESS WHEREOF, the undersigned hereby execute this Agreement on the 13th day of February, 2008. February 12, 2008 ---------------------- Date /s/ Donald R. Caldwell --------------------------- Signature Donald R. Caldwell --------------------------- Name THE CO-INVESTMENT FUND II, LP By: Co-Invest Management II, L.P., Its General Partner By: Co-Invest II Capital Partners, Inc., Its General Partner By: /s/ Donald R. Caldwell Name: Donald R. Caldwell Title: Chairman and Chief Executive Officer -----END PRIVACY-ENHANCED MESSAGE-----