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<SEC-DOCUMENT>0001393825-10-000014.txt : 20100216
<SEC-HEADER>0001393825-10-000014.hdr.sgml : 20100215
<ACCEPTANCE-DATETIME>20100216152212
ACCESSION NUMBER: 0001393825-10-000014
CONFORMED SUBMISSION TYPE: SC 13G/A
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20100216
DATE AS OF CHANGE: 20100216
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: ETELOS, INC.
CENTRAL INDEX KEY: 0001045739
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372]
IRS NUMBER: 770407364
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13G/A
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-61513
FILM NUMBER: 10607033
BUSINESS ADDRESS:
STREET 1: 26828 MAPLE VALLEY HIGHWAY #297
CITY: MAPLE VALLEY
STATE: WA
ZIP: 98038-8309
BUSINESS PHONE: 425.458.4510
MAIL ADDRESS:
STREET 1: 26828 MAPLE VALLEY HIGHWAY #297
CITY: MAPLE VALLEY
STATE: WA
ZIP: 98038-8309
FORMER COMPANY:
FORMER CONFORMED NAME: TRIPATH TECHNOLOGY INC
DATE OF NAME CHANGE: 20000414
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: Hudson Bay Capital Management, L.P.
CENTRAL INDEX KEY: 0001393825
IRS NUMBER: 371511173
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13G/A
BUSINESS ADDRESS:
STREET 1: 120 BROADWAY, 40TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10271
BUSINESS PHONE: 212-571-1244
MAIL ADDRESS:
STREET 1: 120 BROADWAY, 40TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10271
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G/A
<SEQUENCE>1
<FILENAME>etlo-13ga.txt
<DESCRIPTION>ETELOS, INC SC13G/A
<TEXT>
<SEQUENCE>1
<FILENAME>etlo_sc13G/A.txt
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
----------------------
SCHEDULE 13G/A
AMENDMENT No. 1
Under the Securities Exchange Act of 1934
Etelos, Inc.
(Name of Issuer)
Common Stock, $0.01 par value per share
(Title of Class of Securities)
29760D100
(CUSIP Number)
December 31, 2009
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] 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 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).
Page 1 of 9 Pages
<PAGE>
CUSIP No. 29760D100 13G/A Page 2 of 9 Pages
- --------------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
Hudson Bay Fund, LP
- --------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [X]
(b) [ ]
- --------------------------------------------------------------------------------
(3) SEC USE ONLY
- --------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
0
SHARES -----------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
423,372 shares of Common Stock
OWNED BY -----------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING -----------------------------------------------------------------
PERSON WITH: (8) SHARED DISPOSITIVE POWER
423,372 shares of Common Stock
- --------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
423,372 shares of Common Stock
- --------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
[ ]
- --------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
1.71%
- --------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
- --------------------------------------------------------------------------------
<PAGE>
CUSIP No. 29760D100 13G/A Page 3 of 9 Pages
- --------------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
Hudson Bay Overseas Fund, Ltd.
- --------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [X]
(b) [ ]
- --------------------------------------------------------------------------------
(3) SEC USE ONLY
- --------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
- --------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
0
SHARES -----------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
957,677 shares of Common Stock
OWNED BY -----------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING -----------------------------------------------------------------
PERSON WITH: (8) SHARED DISPOSITIVE POWER
957,677 shares of Common Stock
- --------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
957,677 shares of Common Stock
- --------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
[ ]
- --------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
3.86%
- --------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
- --------------------------------------------------------------------------------
<PAGE>
CUSIP No. 29760D100 13G/A Page 4 of 9Pages
- --------------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
Hudson Bay Capital Management, L.P.
- --------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [X]
(b) [ ]
- --------------------------------------------------------------------------------
(3) SEC USE ONLY
- --------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
0
SHARES -----------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
1,381,049 shares of Common Stock
OWNED BY -----------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING -----------------------------------------------------------------
PERSON WITH: (8) SHARED DISPOSITIVE POWER
1,381,049 shares of Common Stock
- --------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,381,049 shares of Common Stock
- --------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
[ ]
- --------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
5.56%
- --------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
- --------------------------------------------------------------------------------
<PAGE>
CUSIP No. 29760D100 13G/A Page 5 of 9 Pages
- --------------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
Sander Gerber
- --------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [X]
(b) [ ]
- --------------------------------------------------------------------------------
(3) SEC USE ONLY
- --------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- --------------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
0
SHARES -----------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
1,381,049 shares of Common Stock
OWNED BY -----------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING -----------------------------------------------------------------
PERSON WITH: (8) SHARED DISPOSITIVE POWER
1,381,049 shares of Common Stock
- --------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
1,381,049 shares of Common Stock
- --------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
[ ]
- --------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
5.56%
- --------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
- --------------------------------------------------------------------------------
<PAGE>
CUSIP No. 29760D100 13G/A Page 6 of 9 Pages
- --------------------------------------------------------------------------------
This Amendment No. 1 (this "Amendment") amends the statement on
Schedule 13G filed on May 12, 2008 (as amended, the "Schedule 13G")
with respect to the shares of common stock, $0.01 par value per share,
(the "Common Stock") of Etelos, Inc.,
(the "Company"). Capitalized terms used herein and not otherwise
defined in this Amendment have the meanings set forth in the
Schedule 13G. This Amendment amends and restates Items 2(a), 2(b), 2(c)
and 4 in their entirety.
Item 2(a). Name of Person Filing
This statement is filed by the entities and persons listed below, who are
collectively referred to herein as "Reporting Persons," with respect to
the shares of Common Stock beneficially owned by the Reporting Person.
FUNDS
(i) Hudson Bay Fund, LP, with respect to the shares of Common Stock beneficially
owned by it.
(ii) Hudson Bay Overseas Fund, Ltd. with respect to the shares of Common Stock
beneficially owned by it.
INVESTMENT MANAGER
(iii) Hudson Bay Capital Management, L.P., (the "Investment Manager"),
with respect to the shares of Common Stock beneficially owned by Hudson
Bay Fund, LP and Hudson Bay Overseas Fund, Ltd. (together, the "Hudson
Bay Funds") and to which the Investment Manager serves as investment
manager.
REPORTING INDIVIDUAL
(iv) Mr. Sander Gerber ("Mr. Gerber"), with respect to the shares of
Common Stock held by each of the Hudson Bay Funds.
The Investment Manager serves as the investment manager to each of the
Hudson Bay Funds. Mr. Gerber is an executive officer of the Investment
Manager.
Item 2(b). Address of Principal Business Office or, if none, Residence
The address of the principal business office of Hudson Bay Overseas Fund,
Ltd. is:
Walkers SPV Limited, Walker House
PO Box 908GT, Mary Street
Georgetown, Grand Cayman
Cayman Islands
The address of the principal business office of each of the other
Reporting Persons is:
120 Broadway, 40th Floor
New York, NY 10271
Item 2(c). Citizenship
Citizenship is set forth in Row 4 of the cover page for each Reporting
Person hereto and is incorporated herein by reference for each such
Reporting Person.
<PAGE>
CUSIP No. 29760D100 13G/A Page 7 of 9 Pages
- --------------------------------------------------------------------------------
Item 4. Ownership
Provide the following information regarding the aggregate number
and percentage of the class of securities of the issuer identified in Item 1.
The information required by Items 4(a) - (c) is set forth in Rows 5 -
11 of the cover page for each Reporting Person hereton and is
incorporated herein by reference for each such Reporting Person.
The Company's quarterly report for the quarterly period ended
September 30, 2009 filed on Form 10-Q on November 19, 2008, indicates
that as of September 30, 2009, there were 24,826,360 shares of
Common Stock outstanding. The holdings and the ownership percentages
of the Reporting Persons set forth on the cover pages reflect the
Reporting Persons' holdings as of December 31, 2009.The percentages
set forth on Row 11 of the cover page for each Reporting Person is
based on the Company's outstanding shares of Common Stock as of
December 31, 2009.
The Investment Manager, which serves as the investment manager to the
Hudson Bay Funds, may be deemed to be the beneficial owner of all
Shares owned by the Hudson Bay Funds. Each of the Reporting
Individuals, as executive officers of the Investment Manager with the
power to exercise investment discretion, may be deemed to be the
beneficial owner of all Shares owned by the Hudson Bay Funds. Each of
the Investment Manager and the Reporting Individuals hereby disclaims
any beneficial ownership of any such Shares, except for their pecuniary
interest therein.
Exhibits:
Exhibit I: Joint Filing Agreement, dated as of February 16, 2010, by and among
Hudson Bay Fund, LP, Hudson Bay Overseas Fund, Ltd., Hudson Bay Capital
Management, L.P. and Sander Gerber.
<PAGE>
CUSIP No. 29760D100 13G/A Page 8 of 9 Pages
- --------------------------------------------------------------------------------
SIGNATURES
After reasonable inquiry and to the best of its knowledge and belief, each
of the undersigned certifies that the information with respect to it set forth
in this statement is true, complete, and correct.
Dated: February 16, 2010
HUDSON BAY FUND, L.P. HUDSON BAY OVERSEAS FUND, LTD.
By: Hudson Bay Capital Management, L.P. By: Hudson Bay Capital Management, L.P.
Investment Manager Investment Manager
By: /s/ Sander Gerber By: /s/ Sander Gerber
Name: Sander Gerber Name: Sander Gerber
Title: Authorized Signatory Title: Authorized Signatory
HUDSON BAY CAPITAL MANAGEMENT, L.P. /s/ Sander Gerber
SANDER GERBER
By: /s/ Sander Gerber
Name: Sander Gerber
Title: Authorized Signatory
<PAGE>
CUSIP No. 29760D100 13G/A Page 9 of 9 Pages
- --------------------------------------------------------------------------------
EXHIBIT I
JOINT FILING AGREEMENT
This will confirm the agreement by and among the undersigned that the Schedule
13G filed with the Securities and Exchange Commission on or about the date
hereof with respect to the beneficial ownership by the undersigned of the Common
Stock, par value $0.001 per share of Etelos Inc, Inc. is being filed, and
all amendments thereto will be filed, on behalf of each of the persons and
entities named below in accordance with Rule 13d-1(k) under the Securities
Exchange Act of 1934, as amended. This Agreement may be executed in two or more
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.
Dated as of February 16, 2010
HUDSON BAY FUND, L.P. HUDSON BAY OVERSEAS FUND, LTD.
By: Hudson Bay Capital Management, L.P. By: Hudson Bay Capital Management, L.P.
Investment Manager Investment Manager
By: /s/ Sander Gerber By: /s/ Sander Gerber
Name: Sander Gerber Name: Sander Gerber
Title: Authorized Signatory Title: Authorized Signatory
HUDSON BAY CAPITAL MANAGEMENT, L.P. /s/ Sander Gerber
SANDER GERBER
By: /s/ Sander Gerber
Name: Sander Gerber
Title: Authorized Signatory
<PAGE>
DOC ID-11071009.1
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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