Each one in plain English, with the numbers worked through for a shareholder.
10 Feb 2009substantial holder notice● Neutral
HBK Investments L.P, HBK New York LLC, HBK Partners II L.P, HBK Management LLC, HBK Master Fund L.P, HBK Special Opportunity Fund I L.P reported a United Refining Energy Corp shareholding of 4,698,238 shares (8.40% of votes) in a periodic institutional filing.
HBK Investments L.P, HBK New York LLC, HBK Partners II L.P, HBK Management LLC, HBK Master Fund L.P, HBK Special Opportunity Fund I L.P reported a United Refining Energy Corp shareholding of 4,698,238 shares (8.40% of votes) in a periodic institutional filing.
HBK Investments L.P, HBK New York LLC, HBK Partners II L.P, HBK Management LLC, HBK Master Fund L.P, HBK Special Opportunity Fund I L.P reported a United Refining Energy Corp shareholding of 4,698,238 shares (8.40% of votes) in a periodic institutional filing.
HBK Investments L.P, HBK New York LLC, HBK Partners II L.P, HBK Management LLC, HBK Master Fund L.P, HBK Special Opportunity Fund I L.P reported a United Refining Energy Corp shareholding of 4,698,238 shares (8.40% of votes) in a periodic institutional filing.
Brian Taylor, Pine River Capital Management L.P, Nisswa Master Fund Ltd reported no remaining United Refining Energy Corp shareholding in its periodic institutional filing.
QVT Financial LP, QVT Financial GP LLC, QVT Fund LP, QVT Associates GP LLC reported a United Refining Energy Corp shareholding of 4,158,378 shares (7.39% of votes) in a periodic institutional filing.
Millennium Management LLC, Israel A. Englander reported a United Refining Energy Corp shareholding of 2,995,746 shares (5.30% of votes) in a periodic institutional filing.
Millennium Management LLC, Israel A. Englander reported a United Refining Energy Corp shareholding of 2,695,516 shares (4.80% of votes) in a periodic institutional filing.
HBK Investments L.P, HBK Partners II L.P, HBK Management LLC, HBK Master Fund L.P reported a United Refining Energy Corp shareholding of 4,555,300 shares (8.10% of votes) in a periodic institutional filing.
QVT Financial LP, QVT Financial GP LLC, QVT Fund LP, QVT Associates GP LLC disclosed a new substantial United Refining Energy Corp shareholding (6.90% of votes).
The company confirmed it closed its IPO on December 17, 2007, raising $450,000,000 gross from 45,000,000 units, plus $15,600,000 from the sponsor's private warrants. $448,700,000 was placed in trust for public stockholders. The attached audited statements describe it as a blank check company (a shell formed to buy an unidentified business) focused on energy, particularly refining; they show $448,763,800 held in trust and a $3,931,326 net loss, mostly a $3,980,000 non-cash compensation expense tied to the sponsor warrants. It has no operating business yet.
Brian Taylor, Pine River Capital Management L.P, Nisswa Master Fund Ltd disclosed a new substantial United Refining Energy Corp shareholding (6.22% of votes).
United Refining Energy Corp closed its IPO of 45,000,000 units at $10.00 each (one share plus one warrant per unit) on December 17, 2007, and disclosed the related agreements: underwriting with Deutsche Bank Securities and Maxim Group, a trust account with Continental Stock Transfer & Trust, an escrow, registration rights and a warrant agreement. Its sponsor, United Refining, Inc. (owned through CEO John Catsimatidis), bought 15,600,000 private warrants at $1.00 each. Public holders who redeem in connection with a business combination or an extension amendment get $9.97 per share plus a pro rata share of trust interest, and trust funds are released only on a business combination or liquidation. The filing says the 45-day over-allotment option (up to 6,750,000 more units) was granted, and does not say whether it was used.