-----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, J7H6LYVyNILaVLZjh8P8HHWiS8PqLUPce1gOp80nMAlZFHDbThPSHT8Rs3faZvqf 7Ft0cwlJMiO5s4E9C++H3A== 0001214659-08-000303.txt : 20080212 0001214659-08-000303.hdr.sgml : 20080212 20080212161621 ACCESSION NUMBER: 0001214659-08-000303 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080212 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Completion of Acquisition or Disposition of Assets FILED AS OF DATE: 20080212 DATE AS OF CHANGE: 20080212 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TERRESTAR CORP CENTRAL INDEX KEY: 0000913665 STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATION SERVICES, NEC [4899] IRS NUMBER: 930976127 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33546 FILM NUMBER: 08598661 BUSINESS ADDRESS: STREET 1: 12010 SUNSET HILLS ROAD, STREET 2: 9TH FLOOR CITY: RESTON STATE: VA ZIP: 20190 BUSINESS PHONE: 703-483-7806 MAIL ADDRESS: STREET 1: 12010 SUNSET HILLS ROAD, STREET 2: 9TH FLOOR CITY: RESTON STATE: VA ZIP: 20190 FORMER COMPANY: FORMER CONFORMED NAME: MOTIENT CORP DATE OF NAME CHANGE: 20000424 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAN MOBILE SATELLITE CORP DATE OF NAME CHANGE: 19931019 8-K 1 a2128108k.htm a2128108k.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.  20549
 

FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):    February 12, 2008 (February 6, 2008)
 
TERRESTAR CORPORATION
(Exact Name of Registrant as Specified in Charter)

 
 Delaware  
001-33546
93-0976127
(State or Other Jurisdiction
of Incorporation) 
(Commission
File Number)
(IRS Employer
Identification No.)

                        
12010 Sunset Hills Road, 9th Floor
  
20190
Reston, VA
  
(Zip Code)
(Address of Principal  
    
Executive Offices)
    
                                                                                                                         60;  

Registrant’s telephone number, including area code:  703-483-7800

N/A
(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
 
q
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
 
q
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
 
q
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
 
q
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
 
Item 1.01 – Entry into Material Definitive Agreement.

On February 6, 2008, TerreStar Corporation, Motient Ventures Holding, Inc., a wholly-owned subsidiary of TerreStar, and Harbinger Capital Partners Fund I, L.P. entered into a Stock Purchase Agreement pursuant to which TerreStar, through Motient Ventures Holding, sold 14,407,343 shares of non-voting common stock of SkyTerra Communications, Inc. to Harbinger Capital Partners Fund I for an aggregate sale price of $76,358,917.90.  TerreStar will receive the proceeds of the sale upon the delivery of a stock certificate representing the shares to Harbinger Capital Partners Fund I, L.P., which is expected to occur on or prior to February 15, 2008.  Following this transaction, TerreStar holds approximately 30 million shares of SkyTerra’s non-voting common stock.

Harbinger Capital Partners Fund I, L.P. is a fund affiliated with Harbert Management Corporation.  Pursuant to a Schedule 13D/A filed with the Securities and Exchange Commission on February 7, 2008, certain funds affiliated with Harbert Management Corporation own an aggregate of 40,921,029 shares, or 44.6%, of common stock of TerreStar Corporation.

TerreStar will file a copy of the Stock Purchase Agreement with is Quarterly Report on Form 10-Q for the fiscal quarter ending March 31, 2008.

Item 2.01 – Completion of Acquisition or Disposition of Assets

The description contained in Item 1.01 above is incorporated into this Item 2.01 by reference.
 
 
 
 
 
-2-

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
TERRESTAR CORPORATION
 
       
       
       
 
By:
 /s/ Jeffrey Epstein
 
     Jeffrey Epstein  
   
 General Counsel and Secretary
 
     
     
Date:  February 12, 2008
    
 
 
 
 
 
 
 
 
-----END PRIVACY-ENHANCED MESSAGE-----