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DEK Dekania Corp

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Dekania Corp AMEX:DEK AMEX Ordinary Share
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- Amended Statement of Ownership (SC 13G/A)

28/01/2009 11:02am

Edgar (US Regulatory)


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. 1)*

Dekania Corp.
(Name of Issuer)

COMMON STOCK
(Title of Class of Securities)

24488U104
(CUSIP Number)

December 31, 2008
(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 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).


CUSIP No. 24488U104

1. Name of Reporting Persons.

HBK Investments L.P.

2. Check the Appropriate Box if a Member of a Group

 (a) /X/

 (b) / /

3. SEC Use Only

4. Citizenship or Place of Organization: Delaware

 5. Sole Voting Power: 0
Number of
Shares
Beneficially 6. Shared Voting Power: 1,269,936 (1)
Owned By
Each
Reporting 7. Sole Dispositive Power: 0
Person
With:
 8. Shared Dispositive Power: 1,269,936 (1)

9. Aggregate Amount Beneficially Owned by Each Reporting Person:

1,269,936 (1)

10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares / /

11. Percent of Class Represented by Amount in Row (9): 9.9%

12. Type of Reporting Person: IA

(1) Consists of 1,112,100 shares of common stock and 157,836 units comprised
 of one share of common stock and one warrant to purchase one share of
 common stock. Because the Issuer has not completed a business combination
 as of the filing date of this Schedule 13G, the shares of common stock
 into which the warrants are exercisable have not been included in the
 number of shares beneficially owned by each Reporting Person.


CUSIP No. 24488U104

1. Name of Reporting Persons.

HBK Services LLC (1)

2. Check the Appropriate Box if a Member of a Group

 (a) /X/

 (b) / /

3. SEC Use Only

4. Citizenship or Place of Organization: Delaware

 5. Sole Voting Power: 0
Number of
Shares
Beneficially 6. Shared Voting Power: 1,269,936 (2)
Owned By
Each
Reporting 7. Sole Dispositive Power: 0
Person
With:
 8. Shared Dispositive Power: 1,269,936 (2)

9. Aggregate Amount Beneficially Owned by Each Reporting Person:

1,269,936 (2)

10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares / /

11. Percent of Class Represented by Amount in Row (9): 9.9%

12. Type of Reporting Person: IA

--------------
(1) HBK Investments L.P. has delegated discretion to vote and dispose of the
 Securities to HBK Services LLC ("Services"). Services may, from time to
 time, delegate discretion to vote and dispose of certain of the Securities
 to HBK New York LLC, a Delaware limited liability company, HBK Virginia
 LLC, a Delaware limited liability company, and/or HBK Europe Management
 LLP, a limited liability partnership organized under the laws of the United
 Kingdom (collectively, the "Subadvisors"). Each of Services and the
 Subadvisors is under common control with HBK Investments L.P. The
 Subadvisors expressly declare that the filing of this statement on
 Schedule 13G shall not be construed as an admission that they are, for the
 purpose of Section 13(d) or 13(g) of the Securities Exchange Act of 1934,
 beneficial owners of the Securities.

(2) Consists of 1,112,100 shares of common stock and 157,836 units comprised
 of one share of common stock and one warrant to purchase one share of
 common stock. Because the Issuer has not completed a business combination
 as of the filing date of this Schedule 13G, the shares of common stock
 into which the warrants are exercisable have not been included in the
 number of shares beneficially owned by each Reporting Person.


CUSIP No. 24488U104

1. Name of Reporting Persons.

HBK New York LLC

2. Check the Appropriate Box if a Member of a Group

 (a) /X/

 (b) / /

3. SEC Use Only

4. Citizenship or Place of Organization: Delaware

 5. Sole Voting Power: 0
Number of
Shares
Beneficially 6. Shared Voting Power: 1,269,936 (1)
Owned By
Each
Reporting 7. Sole Dispositive Power: 0
Person
With:
 8. Shared Dispositive Power: 1,269,936 (1)

9. Aggregate Amount Beneficially Owned by Each Reporting Person:

1,269,936 (1)

10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares / /

11. Percent of Class Represented by Amount in Row (9): 9.9%

12. Type of Reporting Person: IA

(1) Consists of 1,112,100 shares of common stock and 157,836 units comprised
 of one share of common stock and one warrant to purchase one share of
 common stock. Because the Issuer has not completed a business combination
 as of the filing date of this Schedule 13G, the shares of common stock
 into which the warrants are exercisable have not been included in the
 number of shares beneficially owned by each Reporting Person.


CUSIP No. 24488U104

1. Name of Reporting Persons.

HBK Partners II L.P.

2. Check the Appropriate Box if a Member of a Group

 (a) /X/

 (b) / /

3. SEC Use Only

4. Citizenship or Place of Organization: Delaware

 5. Sole Voting Power: 0
Number of
Shares
Beneficially 6. Shared Voting Power: 1,269,936 (1)
Owned By
Each
Reporting 7. Sole Dispositive Power: 0
Person
With:
 8. Shared Dispositive Power: 1,269,936 (1)

9. Aggregate Amount Beneficially Owned by Each Reporting Person:

1,269,936 (1)

10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares / /

11. Percent of Class Represented by Amount in Row (9): 9.9%

12. Type of Reporting Person: HC

(1) Consists of 1,112,100 shares of common stock and 157,836 units comprised
 of one share of common stock and one warrant to purchase one share of
 common stock. Because the Issuer has not completed a business combination
 as of the filing date of this Schedule 13G, the shares of common stock
 into which the warrants are exercisable have not been included in the
 number of shares beneficially owned by each Reporting Person.


CUSIP No. 24488U104

1. Name of Reporting Persons.

HBK Management LLC

2. Check the Appropriate Box if a Member of a Group

 (a) /X/

 (b) / /

3. SEC Use Only

4. Citizenship or Place of Organization: Delaware

 5. Sole Voting Power: 0
Number of
Shares
Beneficially 6. Shared Voting Power: 1,269,936 (1)
Owned By
Each
Reporting 7. Sole Dispositive Power: 0
Person
With:
 8. Shared Dispositive Power: 1,269,936 (1)

9. Aggregate Amount Beneficially Owned by Each Reporting Person:

1,269,936 (1)

10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares / /

11. Percent of Class Represented by Amount in Row (9): 9.9%

12. Type of Reporting Person: HC

(1) Consists of 1,112,100 shares of common stock and 157,836 units comprised
 of one share of common stock and one warrant to purchase one share of
 common stock. Because the Issuer has not completed a business combination
 as of the filing date of this Schedule 13G, the shares of common stock
 into which the warrants are exercisable have not been included in the
 number of shares beneficially owned by each Reporting Person.


CUSIP No. 24488U104

1. Name of Reporting Persons.

HBK Master Fund L.P.

2. Check the Appropriate Box if a Member of a Group

 (a) /X/

 (b) / /

3. SEC Use Only

4. Citizenship or Place of Organization: Delaware

 5. Sole Voting Power: 0
Number of
Shares
Beneficially 6. Shared Voting Power: 1,269,936 (1)
Owned By
Each
Reporting 7. Sole Dispositive Power: 0
Person
With:
 8. Shared Dispositive Power: 1,269,936 (1)

9. Aggregate Amount Beneficially Owned by Each Reporting Person:

1,269,936 (1)

10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares / /

11. Percent of Class Represented by Amount in Row (9): 9.9%

12. Type of Reporting Person: PN

(1) Consists of 1,112,100 shares of common stock and 157,836 units comprised
 of one share of common stock and one warrant to purchase one share of
 common stock. Because the Issuer has not completed a business combination
 as of the filing date of this Schedule 13G, the shares of common stock
 into which the warrants are exercisable have not been included in the
 number of shares beneficially owned by each Reporting Person.


Item 1(a). Name of Issuer:

The name of the issuer is Dekania Corp. (the "Issuer").

Item 1(b). Address of Issuer's Principal Executive Offices:

The principal executive offices of the Issuer are located at 2929 Arch Street, Suite 1703, Philadelphia, Pennsylvania 19104.

Item 2(a). Names of Persons Filing:

This Schedule 13G statement is hereby filed by the persons set forth below.

HBK Investments L.P.
HBK Services LLC
HBK New York LLC
HBK Partners II L.P.
HBK Management LLC
HBK Master Fund L.P.

Item 2(b). Address of Principal Business Office, or if None, Residence:

The address of the principal business office for each Reporting Person is set forth below.

HBK Investments L.P.: 2101 Cedar Springs Road, Suite 700, Dallas, Texas 75201. HBK Services LLC: 2101 Cedar Springs Road, Suite 700, Dallas, Texas 75201. HBK New York LLC: 350 Park Avenue, 20th Floor, New York, New York 10022. HBK Partners II L.P.: 2101 Cedar Springs Road, Suite 700, Dallas, Texas 75201. HBK Management LLC: 2101 Cedar Springs Road, Suite 700, Dallas, Texas 75201. HBK Master Fund L.P.: c/o HBK Services LLC, 2101 Cedar Springs Road, Suite 700, Dallas, Texas 75201.

Item 2(c). Citizenship:

HBK Investments L.P. is a Delaware limited partnership. HBK Services LLC is a Delaware limited liability company. HBK New York LLC is a Delaware limited liability company. HBK Partners II L.P. is a Delaware limited partnership. HBK Management LLC is a Delaware limited liability company. HBK Master Fund L.P. is a Cayman Islands limited partnership.

Item 2(d). Title of Class of Securities:

This statement relates to the Common Stock of the Issuer (the "Securities").

Item 2(e). CUSIP Number:

The CUSIP number of the Securities is 24488U104.

Item 3. If this statement is filed pursuant to Sections 240.13d-1(b) or
240.13d-2(b) or (c), check whether the person filing is a:

(a) / / Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b) / / Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c) / / Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d) / / Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e) / / An investment adviser in accordance with section 240.13d-
1(b)(1)(ii)(E).

(f) / / An employee benefit plan or endowment fund in accordance with section 240.13d-1(b)(1)(ii)(F).

(g) / / A parent holding company or control person in accordance with section 240.13d-1(b)(1)(ii)(G).

(h) / / A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813).

(i) / / A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3).

(j) / / Group, in accordance with section 240.13d-1(b)(1)(ii)(J).

Item 4. Ownership.

Ownership is incorporated by reference to items 5-9 and 11 of the cover page of each Reporting Person.

The percentage disclosed in item 11 of the cover page of each Reporting Person is calculated based upon 12,699,900 shares of common stock outstanding as of January 16, 2009 as reported in the Issuer's Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on January 22, 2009.

As part of its initial public offering, the Issuer issued Units (the "Units"), each Unit having a price of $10.00 and consisting of one ordinary share of Common Stock, par value $0.0001 per share (the "Shares"), and one warrant, each warrant entitling the holder to purchase one Share at a price of $8.00 (the "Warrants"). Each Warrant will become exercisable upon completion by the Issuer of a business combination and will expire on February 1, 2011, or earlier upon redemption. The Shares and Warrants that comprise the Units began trading separately as of May 2, 2007. Because the Issuer has not completed a business combination as of the filing date of this Schedule 13G, the shares of common stock into which the Warrants are exercisable have not been included in the number of shares beneficially owned by each Reporting Person.

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 person has ceased to be the beneficial owner 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.

Jamiel A. Akhtar, Richard L. Booth, David C. Haley, Lawrence H. Lebowitz, and William E. Rose are each managing members (collectively, the "Members") of HBK Management LLC. The Members expressly declare that the filing of this statement on Schedule 13G shall not be construed as an admission that they are, for the purpose of Section 13(d) or 13(g) of the Securities Exchange Act of 1934, beneficial owners of the Securities.

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.

Not applicable.

Item 8. Identification and Classification of Members of the Group.

See Item 2.

Item 9. Notice of Dissolution of Group.

Not applicable.

Item 10. Certification.

By signing below I certify that, to the best of my 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 that purpose or effect.


SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

DATED: January 27, 2009

HBK INVESTMENTS L.P.

By: /s/ Jon L. Mosle
 Jon L. Mosle
 Authorized Signatory (1)

HBK SERVICES LLC

By: /s/ Jon L. Mosle
 Jon L. Mosle
 Authorized Signatory (1)

HBK NEW YORK LLC

By: /s/ Jon L. Mosle
 Jon L. Mosle
 Authorized Signatory (1)

HBK PARTNERS II L.P.
By: HBK Management LLC
General Partner

By: /s/ Jon L. Mosle
 Jon L. Mosle
 Authorized Signatory (1)

HBK MANAGEMENT LLC

By: /s/ Jon L. Mosle
 Jon L. Mosle
 Authorized Signatory (1)

HBK MASTER FUND L.P.
By: HBK Services LLC
Investment Advisor

By: /s/ Jon L. Mosle
 Jon L. Mosle
 Authorized Signatory (1)

(1) An Authorization Certificate authorizing Jon L. Mosle to act on behalf of each Reporting Person was previously filed.

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