-----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, UGU3vXsMuWOLNoZZe/VGP3Tn3SldW/W1bf1T8tra1fIRK9cr9vxIxGY3GAGLfJcV EpyfOVQH2xH71q3SYtIwyQ== 0000902664-10-002790.txt : 20100520 0000902664-10-002790.hdr.sgml : 20100520 20100520153346 ACCESSION NUMBER: 0000902664-10-002790 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20100520 DATE AS OF CHANGE: 20100520 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Navios Maritime Acquisition CORP CENTRAL INDEX KEY: 0001437260 STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770] IRS NUMBER: 000000000 STATE OF INCORPORATION: 1T FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-84078 FILM NUMBER: 10847818 BUSINESS ADDRESS: STREET 1: 85 AKTI MIAOULI STREET CITY: PIRAEUS STATE: J3 ZIP: 185 38 BUSINESS PHONE: 011-30-210-459500 MAIL ADDRESS: STREET 1: 85 AKTI MIAOULI STREET CITY: PIRAEUS STATE: J3 ZIP: 185 38 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ARROWGRASS CAPITAL PARTNERS (US) LP CENTRAL INDEX KEY: 0001454288 IRS NUMBER: 134365038 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 245 PARK AVENUE, 39TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10167 BUSINESS PHONE: 44 203 100 1000 MAIL ADDRESS: STREET 1: 245 PARK AVENUE, 39TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10167 SC 13D/A 1 p10-1357sc13da.txt NAVIOS MARITIME ACQUISITION CORPORATION SECURITIES & EXCHANGE COMMISSION Washington, D.C. 20549 ---------------------- SCHEDULE 13D* (Amendment No. 2) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO 13D-1(A) AND AMENDMENTS THERETO FILED PURSUANT TO 13D-2(A) Navios Maritime Acquisition Corporation ------------------------------------------------------ (Name of Issuer) Ordinary Shares, $0.0001 par value per share ------------------------------------------------------ (Title of Class of Securities)) Y62159101 ------------------------------------------------------ (CUSIP NUMBER) Elizabeth W. Cochrane, Esq. c/o Arrowgrass Capital Partners (US) LP 245 Park Avenue New York, NY 10167 (212) 584-1161 ------------------------------------------------------ (Name, address and telephone number of person authorized to receive notices and communications) May 19, 2010 ------------------------------------------------------ (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 Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box [x]. NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent. (Continued on following pages) (Page 1 of 5 Pages) - -------------------------------------------------------------------------------- The information required in the remainder of this cover page shall not be deemed to be "filed" for purposes 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. Y62159101 13D Page 2 of 5 Pages - -------------------------------------------------------------------------------- (1) NAME OF REPORTING PERSONS Arrowgrass Capital Partners (US) LP - -------------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) [ ] (b) [X] - -------------------------------------------------------------------------------- (3) SEC USE ONLY - -------------------------------------------------------------------------------- (4) SOURCE OF FUNDS (see instructions) OO - -------------------------------------------------------------------------------- (5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- (6) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- NUMBER OF (7) SOLE VOTING POWER -0- SHARES _________________________________________________________________ BENEFICIALLY (8) SHARED VOTING POWER 3,130,864 ordinary shares OWNED BY _________________________________________________________________ EACH (9) SOLE DISPOSITIVE POWER -0- REPORTING _________________________________________________________________ PERSON WITH (10) SHARED DISPOSITIVE POWER 3,130,864 ordinary shares - -------------------------------------------------------------------------------- (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,130,864 ordinary shares - -------------------------------------------------------------------------------- (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) [ ] - -------------------------------------------------------------------------------- (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.9% - -------------------------------------------------------------------------------- (14) TYPE OF REPORTING PERSON (see instructions) PN - -------------------------------------------------------------------------------- CUSIP No. Y62159101 13D Page 3 of 5 Pages - -------------------------------------------------------------------------------- (1) NAME OF REPORTING PERSONS Arrowgrass Capital Services (US) Inc. - -------------------------------------------------------------------------------- (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) [ ] (b) [X] - -------------------------------------------------------------------------------- (3) SEC USE ONLY - -------------------------------------------------------------------------------- (4) SOURCE OF FUNDS (see instructions) OO - -------------------------------------------------------------------------------- (5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ] - -------------------------------------------------------------------------------- (6) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- NUMBER OF (7) SOLE VOTING POWER -0- SHARES _________________________________________________________________ BENEFICIALLY (8) SHARED VOTING POWER 3,130,864 ordinary shares OWNED BY _________________________________________________________________ EACH (9) SOLE DISPOSITIVE POWER -0- REPORTING _________________________________________________________________ PERSON WITH (10) SHARED DISPOSITIVE POWER 3,130,864 ordinary shares - -------------------------------------------------------------------------------- (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,130,864 ordinary shares - -------------------------------------------------------------------------------- (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) [ ] - -------------------------------------------------------------------------------- (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.9% - -------------------------------------------------------------------------------- (14) TYPE OF REPORTING PERSON (see instructions) CO - -------------------------------------------------------------------------------- CUSIP No. Y62159101 13D Page 4 of 5 Pages Pursuant to Rule 13D-2 promulgated under the Act, this Schedule 13D/A ("Amendment No. 2") amends Items 4, 6 and 7 of the Schedule 13D filed on April 26, 2010 (the "Schedule 13D"), as previously amended by Amendment No. 1 dated May 17, 2010, by Arrowgrass Capital Partners (US) LP and Arrowgrass Capital Services (US) Inc. relating to the ordinary shares of Common Stock, $0.0001 par value per share (the "Shares") of Navios Maritime Acquisition Corporation, a Cayman Islands corporation (the "Company"). Item 4. Purpose of the Transaction. Item 4 of the Schedule 13D is being amended and supplemented by the addition of the following: On May 19, 2010, Malibu Capital Partners LLC exercised its right under Section 10(ii) of the Option Agreement to terminate the Option Agreement. As a result, the Option Agreement is no longer in effect. Accordingly, there is no longer any possibility that the Reporting Persons may be deemed a "group" with the Malibu Reporting Persons within the meaning of Section 13(d) of the Act. Although the Reporting Persons and the Malibu Reporting Persons may have been deemed to be a "group" with each other within the meaning of Section 13(d) of the Act, the Reporting Persons do not believe that they were ever a part of a group with the Malibu Reporting Persons and expressly disclaim such membership in any "group" with the Malibu Reporting Persons. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. Item 6 of the Schedule 13D is hereby amended and restated in its entirety as follows: Other than the Joint Filing Agreement attached as Exhibit 2 to the Schedule 13D, there are no contracts, arrangements, understandings or relationships (legal or otherwise) among the persons named in Item 2 of the Schedule 13D and between such persons and any person with respect to any securities of the Company, including but not limited to transfer or voting of any other securities, finder's fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, divisions of profits or loss, or the giving or withholding of proxies. Item 7. Materials to be Filed as Exhibits. Item 7 of the Schedule 13D is hereby amended and restated in its entirety as follows: Exhibit 2: Joint Filing Agreement as required by Rule 13d-1(k)(1) under the Act. CUSIP No. Y62159101 13D Page 5 of 5 Pages SIGNATURES After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. DATED: May 20, 2010 ARROWGRASS CAPITAL PARTNERS (US) LP ARROWGRASS CAPITAL SERVICES (US) INC. By: Arrowgrass Capital Services (US) By: /s/ Sean Flynn Inc., its General Partner ---------------------- Name: Sean Flynn By: /s/ Sean Flynn Title: Director ----------------------- Name: Sean Flynn Title: Director -----END PRIVACY-ENHANCED MESSAGE-----