According to a new 13G filing with the US Securities and Exchange Commission, billionaire Louis Bacon‘s Moore Global Investments initiated a new position in Saban Capital Acquisition Corp. (NASDAQ:SCAC) and acquired 1.50 million Class A Shares, which amass 6.4% of the company’s outstanding stock. Saban Capital Acquisition is a blank check company that just recently went public, hoping to raise $235 million, by selling 23.5 million shares, at a price of $10 per share.
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You can access the original SEC filing by clicking here.
Ownership Summary Table
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| MOORE CAPITAL MANAGEMENT | 1,500,000 | 0 | 1,500,000 | 0 | 1,500,000 | 6.4% |
| MMF MOORE ET INVESTMENTS | 1,500,000 | 0 | 1,500,000 | 0 | 1,500,000 | 6.4% |
| MOORE ADVISORS, LTD | 1,500,000 | 0 | 1,500,000 | 0 | 1,500,000 | 6.4% |
| MOORE CAPITAL ADVISORS | 1,500,000 | 0 | 1,500,000 | 0 | 1,500,000 | 6.4% |
| LOUIS M. BACON | 1,500,000 | 0 | 1,500,000 | 0 | 1,500,000 | 6.4% |
Page 1 of 12 – SEC Filing
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
SABAN CAPITAL
ACQUISITION CORP.
(Name of Issuer)
Class A Ordinary Shares, par value $0.0001 per share
(Title of Class of Securities)
N.A.
(CUSIP Number)
September 16, 2016
(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 persons 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 on the remainder of this cover page shall not be
deemed to be filed for the purpose 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).
Continued on following pages
Page 1 of 14 Pages
Exhibit Index:
Page 12
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Page 2 of 12 – SEC Filing
| CUSIP NO. N.A. | Page 2 of 12 Pages |
| 1. | Names of MOORE CAPITAL MANAGEMENT, LP | |||||
| 2. | Check the Appropriate Box If a Member a. ¨ b. | |||||
| 3. | SEC Use Only | |||||
| 4. | Citizenship or Place of DELAWARE | |||||
| Number of Shares Beneficially Owned By Each Reporting Person With | 5. | Sole Voting Power 1,500,000 | ||||
| 6. | Shared Voting Power 0 | |||||
| 7. | Sole Dispositive Power 1,500,000 | |||||
| 8. | Shared Dispositive Power 0 | |||||
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person 1,500,000 | |||||
| 10. | Check Box If the Aggregate Amount in ¨ | |||||
| 11. | Percent of Class Represented By Amount 6.4% | |||||
| 12. | Type of Reporting Person (See PN; IA | |||||
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Page 3 of 12 – SEC Filing
| CUSIP NO. N.A. | Page 3 of 12 Pages |
| 1. | Names of MMF MOORE ET INVESTMENTS, LP | |||||
| 2. | Check the Appropriate Box If a Member a. ¨ b. | |||||
| 3. | SEC Use Only | |||||
| 4. | Citizenship or Place of BAHAMAS | |||||
| Number of Shares Beneficially Owned By Each Reporting Person With | 5. | Sole Voting Power 1,500,000 | ||||
| 6. | Shared Voting Power 0 | |||||
| 7. | Sole Dispositive Power 1,500,000 | |||||
| 8. | Shared Dispositive Power 0 | |||||
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person 1,500,000 | |||||
| 10. | Check Box If the Aggregate Amount in ¨ | |||||
| 11. | Percent of Class Represented By Amount 6.4% | |||||
| 12. | Type of Reporting Person (See PN | |||||
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Page 4 of 12 – SEC Filing
| CUSIP NO. N.A. | Page 4 of 12 Pages |
| 1. | Names of MOORE ADVISORS, LTD. | |||||
| 2. | Check the Appropriate Box If a Member a. ¨ b. | |||||
| 3. | SEC Use Only | |||||
| 4. | Citizenship or Place of BAHAMAS | |||||
| Number of Shares Beneficially Owned By Each Reporting Person With | 5. | Sole Voting Power 1,500,000 | ||||
| 6. | Shared Voting Power 0 | |||||
| 7. | Sole Dispositive Power 1,500,000 | |||||
| 8. | Shared Dispositive Power 0 | |||||
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person 1,500,000 | |||||
| 10. | Check Box If the Aggregate Amount in ¨ | |||||
| 11. | Percent of Class Represented By Amount 6.4% | |||||
| 12. | Type of Reporting Person (See OO | |||||
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Page 5 of 12 – SEC Filing
| CUSIP NO. N.A. | Page 5 of 12 Pages |
| 1. | Names of MOORE CAPITAL ADVISORS, L.L.C. | |||||
| 2. | Check the Appropriate Box If a Member a. ¨ b. | |||||
| 3. | SEC Use Only | |||||
| 4. | Citizenship or Place of DELAWARE | |||||
| Number of Shares Beneficially Owned By Each Reporting Person With | 5. | Sole Voting Power 1,500,000 | ||||
| 6. | Shared Voting Power 0 | |||||
| 7. | Sole Dispositive Power 1,500,000 | |||||
| 8. | Shared Dispositive Power 0 | |||||
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person 1,500,000 | |||||
| 10. | Check Box If the Aggregate Amount in ¨ | |||||
| 11. | Percent of Class Represented By Amount 6.4% | |||||
| 12. | Type of Reporting Person (See OO | |||||
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Page 6 of 12 – SEC Filing
| CUSIP NO. N.A. | Page 6 of 12 Pages |
| 1. | Names of LOUIS M. BACON | |||||
| 2. | Check the Appropriate Box If a Member a. ¨ b. | |||||
| 3. | SEC Use Only | |||||
| 4. | Citizenship or Place of UNITED STATES | |||||
| Number of Shares Beneficially Owned By Each Reporting Person With | 5. | Sole Voting Power 1,500,000 | ||||
| 6. | Shared Voting Power 0 | |||||
| 7. | Sole Dispositive Power 1,500,000 | |||||
| 8. | Shared Dispositive Power 0 | |||||
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person 1,500,000 | |||||
| 10. | Check Box If the Aggregate Amount in ¨ | |||||
| 11. | Percent of Class Represented By Amount 6.4% | |||||
| 12. | Type of Reporting Person (See IN; IA; HC | |||||
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Page 7 of 12 – SEC Filing
| CUSIP NO. N.A. | Page 7 of 12 Pages |
| Item 1(a). | Name of Issuer: | |
| Saban Capital Acquisition Corp. (the Issuer). | ||
| Item 1(b). | Address of the Issuers Principal Executive Offices: | |
| 10100 Santa Monica Boulevard, 26th Floor | ||
| Los Angeles, California 90067 | ||
| Item 2(a). | Name of Person Filing | |
| This statement is being filed (1) by Moore Capital Management, LP, a Delaware limited partnership (MCM), (2) by MMF Moore ET Investments, LP, a Bahamian limited partnership (MMFET), (3) by Moore Advisors, Ltd., a Bahamian company (MAL), (4) by Moore Capital Advisors, L.L.C., a Delaware limited liability company (MCA), and (5) by Louis M. Bacon (Mr. Bacon), a United States citizen, in his capacity as chairman, chief executive officer and director of MCM. MCM serves as discretionary investment manager to MMFET. MAL and MCA are co-general partners of MMFET. Mr. Bacon is the chairman and director of MCA. This statement relates to Shares (as defined below) held by MMFET. Each of MCM, MMFET, MCA, MAL and Mr. Bacon, in the capacities set forth above, may be deemed to be the beneficial owner of Shares. | ||
| Item 2(b). | Address of Principal Business Office or, if None, Residence: | |
| The principal business office of each of MCM, MCA and Mr. Bacon is located at Eleven Times Square, New York, New York 10036. The principal business office of each of MMFET and MAL is located at Citco Fund Services (Bahamas) Limited, One Montague Place, 1st Floor, East Bay Street, P.O. Box N-4906, Nassau, Bahamas. | ||
| Item 2(c). | Citizenship: | |
| i) | MCM is a Delaware limited partnership; | |||
| ii) | MMFET is a Bahamas limited partnership; | |||
| iii) | MAL is a Bahamas limited company; | |||
| iv) | MCA is a Delaware limited liability company; and | |||
| v) | Mr. Bacon is a United States citizen. | |||
| Item 2(d). | Title of Class of Securities: | |
| Class A Ordinary Shares, par value $0.0001 per share (the Shares). | ||
| Item 2(e). | CUSIP Number: | |
| N.A. | ||
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Page 8 of 12 – SEC Filing
| CUSIP NO. N.A. | Page 8 of 12 Pages |
| Item 3. | If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a: | |
| This Item 3 is not applicable. | ||
| Item 4. | Ownership: | |
| Item 4(a). | Amount Beneficially Owned: | |
| As of the date hereof, each of MCM, MMFET, MCA, MAL and Mr. Bacon may be deemed to be the beneficial owner of 1,500,000 Shares held by MMFET. | ||
| Item 4(b). | Percent of Class: | |
| As of the date hereof, each of MCM, MMFET, MCA, MAL and Mr. Bacon may be deemed to be the beneficial owner of 6.4% of the total number of Shares outstanding. | ||
| Item 4(c). | Number of shares as to which such person has: | |
| MCM | ||||||
| (i) | Sole power to vote or direct the vote | 1,500,000 | ||||
| (ii) | Shared power to vote or to direct the vote | 0 | ||||
| (iii) | Sole power to dispose or to direct the disposition of | 1,500,000 | ||||
| (iv) | Shared power to dispose or to direct the disposition of | 0 | ||||
| MMFET | ||||||
| (i) | Sole power to vote or direct the vote | 1,500,000 | ||||
| (ii) | Shared power to vote or to direct the vote | 0 | ||||
| (iii) | Sole power to dispose or to direct the disposition of | 1,500,000 | ||||
| (iv) | Shared power to dispose or to direct the disposition of | 0 | ||||
| MAL | ||||||
| (i) | Sole power to vote or direct the vote | 1,500,000 | ||||
| (ii) | Shared power to vote or to direct the vote | 0 | ||||
| (iii) | Sole power to dispose or to direct the disposition of | 1,500,000 | ||||
| (iv) | Shared power to dispose or to direct the disposition of | 0 | ||||
| MCA | ||||||
| (i) | Sole power to vote or direct the vote | 1,500,000 | ||||
| (ii) | Shared power to vote or to direct the vote | 0 | ||||
| (iii) | Sole power to dispose or to direct the disposition of | 1,500,000 | ||||
| (iv) | Shared power to dispose or to direct the disposition of | 0 | ||||
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Page 9 of 12 – SEC Filing
| CUSIP NO. N.A. | Page 9 of 12 Pages |
| Mr. Bacon | ||||||
| (i) | Sole power to vote or direct the vote | 1,500,000 | ||||
| (ii) | Shared power to vote or to direct the vote | 0 | ||||
| (iii) | Sole power to dispose or to direct the disposition of | 1,500,000 | ||||
| (iv) | Shared power to dispose or to direct the disposition of | 0 | ||||
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Page 10 of 12 – SEC Filing
| CUSIP NO. N.A. | Page 10 of 12 Pages |
| Item 5. | Ownership of Five Percent or Less of a Class: | |
| If this statement is being filed to report the fact that as of the date hereof the Reporting Persons have ceased to be the beneficial owners of more than five percent of the class of securities, check the following ¨. | ||
| Item 6. | Ownership of More than Five Percent on Behalf of Another Person: | |
| The partners of MMFET have the right to participate in the receipt of dividends from, or proceeds from the sale of, the Shares held by MMFET in accordance with their respective ownership interests in MMFET. | ||
| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company: | |
| This Item 7 is not applicable. | ||
| Item 8. | Identification and Classification of Members of the Group: | |
| This Item 8 is not applicable. | ||
| Item 9. | Notice of Dissolution of Group: | |
| This Item 9 is not applicable. | ||
| Item 10. | Certification: | |
| By signing below each of the Reporting Persons certifies that, to the best of such persons knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having such purpose or effect. | ||
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Page 11 of 12 – SEC Filing
| CUSIP NO. N.A. | Page 11 of 12 Pages |
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
| Date: September 26, 2016 | MOORE CAPITAL MANAGEMENT, LP | |||
| By: | /s/ James E. Kaye | |||
| James E. Kaye | ||||
| Vice President | ||||
| Date: September 26, 2016 | MMF MOORE ET INVESTMENTS, LP | |||
| By: Moore Capital Management, LP | ||||
| By: | /s/ James E. Kaye | |||
| James E. Kaye | ||||
| Vice President | ||||
| Date: September 26, 2016 | MOORE ADVISORS, LTD. | |||
| By: | /s/ James E. Kaye | |||
| James E. Kaye | ||||
| Vice President | ||||
| Date: September 26, 2016 | MOORE CAPITAL ADVISORS, L.L.C. | |||
| By: | /s/ James E. Kaye | |||
| James E. Kaye | ||||
| Vice President | ||||
| Date: September 26, 2016 | LOUIS M. BACON | |||
| By: | /s/ James E. Kaye | |||
| James E. Kaye | ||||
| Attorney-in-Fact | ||||
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Page 12 of 12 – SEC Filing
| CUSIP NO. N.A. | Page 12 of 12 Pages |
EXHIBIT INDEX
| Page No. | ||||
| A. | Joint Filing Agreement, dated as of September 26, 2016, by and between Moore Capital Management, LP, MMF Moore ET Investments, LP, Moore Advisors, Ltd., Moore Capital Advisors, L.L.C and Louis M. Bacon | 1 | ||
| B. | Power of Attorney, dated as of July 5, 2007, granted by Louis M. Bacon in favor James E. Kaye and Anthony J. DeLuca | 2 | ||
