SECURITIES & EXCHANGE COMMISSION
Washington, D.C. 20549
----------------------
SCHEDULE 13D/A*
(Amendment No. 1)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
13D-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO 13D-2(a)
Overture Acquisition Corp.
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(Name of Issuer)
Ordinary Shares, $0.0001 par value per share
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(Title of Class of Securities)
G6830P100
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(CUSIP NUMBER)
Elizabeth W. Cochrane, Esq.
c/o Arrowgrass Capital Partners (US) LP
245 Park Avenue
New York, NY 10167
(212) 584-1161
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(Name, address and telephone number of person
authorized to receive notices and communications)
February 5, 2010
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(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 6 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. G6830P100 13D/A Page 2 of 6 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
-0-
OWNED BY -----------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING -----------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
-0-
- --------------------------------------------------------------------------------
(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)
0.0%
- --------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON (see instructions)
PN
- --------------------------------------------------------------------------------
CUSIP No. G6830P100 13D/A Page 3 of 6 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
-0-
OWNED BY -----------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
-0-
REPORTING -----------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
-0-
- --------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
-0-
- --------------------------------------------------------------------------------
(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)
0.0%
- --------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON (see instructions)
CO
- --------------------------------------------------------------------------------
CUSIP No. G6830P100 13D/A Page 4 of 6 Pages
Pursuant to Rule 13d-2 promulgated under the Act, this Schedule 13D/A
("Amendment No. 1") amends the Schedule 13D filed on February 5, 2010 (the
"Schedule 13D"). The Amendment amends and restates Items 4, 5 and 6 of the
Schedule 13D as set forth below. This Amendment constitutes an "exit" filing
with respect to the Schedule 13D by the Reporting Persons.
Item 4. Purpose of the Transaction
Item 4 of the Schedule 13D is hereby amended and supplemented to include
the following:
As disclosed in the Schedule 13D, on February 1, 2010 the Company
announced that the Proposed Business Combination would not occur because more
than 30% of the Shares voted against the Proposed Business Combination and
requested Redemption Rights. The Company also announced that it would begin
liquidating its trust account established for the benefit of its public
shareholders as soon as practicable. Accordingly, in connection with the
Company's liquidation of its trust account, on February 5, 2010, the Company
liquidated the Reporting Persons' investment in the Shares.
Item 5. Interest in Securities of the Issuer.
Item 5 of the Schedule 13D is hereby amended and restated in its
entirety as set forth below:
A. Arrowgrass Capital Partners (US) LP
(a) As of the date hereof, ACP no longer beneficially owns any
Shares.
Percentage: As of the date hereof, 0.0%.
(b) 1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: See item (a) above.
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition:
See item (a) above.
(c) There have been no transactions in the Shares since the
filing of the Schedule 13D on February 5, 2010.
(d) Not applicable.
(e) February 5, 2010.
B. Arrowgrass Capital Services (US) Inc.
(a) As of the date hereof, ACS no longer beneficially owns any
Shares.
Percentage: As of the date hereof, 0.0%.
(b) 1. Sole power to vote or direct vote: 0
2. Shared power to vote or direct vote: See item (a) above.
3. Sole power to dispose or direct the disposition: 0
4. Shared power to dispose or direct the disposition:
See item (a) above.
c) There have been no transactions in the Shares since the
filing of the Schedule 13D on February 5, 2010.
CUSIP No. G6830P100 13D/A Page 5 of 6 Pages
(d) Not applicable
(e) February 5, 2010.
CUSIP No. G6830P100 13D/A Page 6 of 6 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: February 9, 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
Title Director
By: /s/ Sean Flynn
---------------
Name: Sean Flynn
Title Director