Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
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- Peter Lynch
What is insider trading>>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Exantas Capital Corp.
(Name of Issuer)
COMMON SHARES
(Title of Class of Securities)
30068N105
(CUSIP Number)
December 31, 2019
(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. 30068N105
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: 2,167,688
Owned By
Each
Reporting 7. Sole Dispositive Power: 0
Person
With:
8. Shared Dispositive Power: 2,167,688
9. Aggregate Amount Beneficially Owned by Each Reporting Person:
2,167,688
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares / /
11. Percent of Class Represented by Amount in Row (9): 6.8% (1)
12. Type of Reporting Person: IA, PN
--------------
(1) Based upon 31,880,594 shares of Common Stock outstanding as of November 4,
2019, as disclosed in the Issuer's Quarterly Report on Form 10-Q filed on
November 6, 2019, by the Issuer with the U.S. Securities and Exchange Commission
for the quarterly period ended September 30, 2019.
CUSIP No. 30068N105
1. Name of Reporting Persons.
HBK Services 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: 2,167,688
Owned By
Each
Reporting 7. Sole Dispositive Power: 0
Person
With:
8. Shared Dispositive Power: 2,167,688
9. Aggregate Amount Beneficially Owned by Each Reporting Person:
2,167,688
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares / /
11. Percent of Class Represented by Amount in Row (9): 6.8% (1)
12. Type of Reporting Person: IA, OO
--------------
(1) Based upon 31,880,594 shares of Common Stock outstanding as of November 4,
2019, as disclosed in the Issuer's Quarterly Report on Form 10-Q filed on
November 6, 2019, by the Issuer with the U.S. Securities and Exchange Commission
for the quarterly period ended September 30, 2019.
CUSIP No. 30068N105
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: 2,167,688
Owned By
Each
Reporting 7. Sole Dispositive Power: 0
Person
With:
8. Shared Dispositive Power: 2,167,688
9. Aggregate Amount Beneficially Owned by Each Reporting Person:
2,167,688
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares / /
11. Percent of Class Represented by Amount in Row (9): 6.8% (1)
12. Type of Reporting Person: HC, PN
--------------
(1) Based upon 31,880,594 shares of Common Stock outstanding as of November 4,
2019, as disclosed in the Issuer's Quarterly Report on Form 10-Q filed on
November 6, 2019, by the Issuer with the U.S. Securities and Exchange Commission
for the quarterly period ended September 30, 2019.
CUSIP No. 30068N105
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: 2,167,688
Owned By
Each
Reporting 7. Sole Dispositive Power: 0
Person
With:
8. Shared Dispositive Power: 2,167,688
9. Aggregate Amount Beneficially Owned by Each Reporting Person:
2,167,688
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares / /
11. Percent of Class Represented by Amount in Row (9): 6.8% (1)
12. Type of Reporting Person: HC, OO
--------------
(1) Based upon 31,880,594 shares of Common Stock outstanding as of November 4,
2019, as disclosed in the Issuer's Quarterly Report on Form 10-Q filed on
November 6, 2019, by the Issuer with the U.S. Securities and Exchange Commission
for the quarterly period ended September 30, 2019.
CUSIP No. 30068N105
1. Name of Reporting Persons.
HBK Capital Ltd.
2. Check the Appropriate Box if a Member of a Group
(a) /X/
(b) / /
3. SEC Use Only
4. Citizenship or Place of Organization: Cayman Islands
5. Sole Voting Power: 0
Number of
Shares
Beneficially 6. Shared Voting Power: 2,167,688
Owned By
Each
Reporting 7. Sole Dispositive Power: 0
Person
With:
8. Shared Dispositive Power: 2,167,688
9. Aggregate Amount Beneficially Owned by Each Reporting Person:
2,167,688
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares / /
11. Percent of Class Represented by Amount in Row (9): 6.8% (1)
12. Type of Reporting Person: OO
--------------
(1) Based upon 31,880,594 shares of Common Stock outstanding as of November 4,
2019, as disclosed in the Issuer's Quarterly Report on Form 10-Q filed on
November 6, 2019, by the Issuer with the U.S. Securities and Exchange Commission
for the quarterly period ended September 30, 2019.
CUSIP No. 30068N105
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: Cayman Islands
5. Sole Voting Power: 0
Number of
Shares
Beneficially 6. Shared Voting Power: 2,167,688
Owned By
Each
Reporting 7. Sole Dispositive Power: 0
Person
With:
8. Shared Dispositive Power: 2,167,688
9. Aggregate Amount Beneficially Owned by Each Reporting Person:
2,167,688
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares / /
11. Percent of Class Represented by Amount in Row (9): 6.8% (1)
12. Type of Reporting Person: PN
--------------
(1) Based upon 31,880,594 shares of Common Stock outstanding as of November 4,
2019, as disclosed in the Issuer's Quarterly Report on Form 10-Q filed on
November 6, 2019, by the Issuer with the U.S. Securities and Exchange Commission
for the quarterly period ended September 30, 2019.
Item 1(a). Name of Issuer:
Exantas Capital Corp.
Item 1(b). Address of Issuer's Principal Executive Offices:
717 Fifth Avenue, New York, New York 10022
Item 2(a). Names of Persons Filing:
This Schedule 13G statement is hereby filed by the persons set forth below.
This Schedule 13G is jointly filed by and on behalf of each of HBK Investments
L.P., a Delaware limited partnership ("HBK Investments"), HBK Services LLC,
a Delaware limited liability company ("HBK Services"), HBK Partners II L.P.,
a Delaware limited partnership ("HBK Partners"), HBK Management LLC, a
Delaware limited liability company ("HBK Management"), HBK Capital Ltd., a
Cayman Islands exempted company ("HBK Capital"), and HBK Master Fund L.P.,
a Cayman Islands exempted limited partnership ("HBK Master", and together
with HBK Investments, HBK Capital, HBK Services, HBK Partners and HBK
Management, the "Reporting Persons"). The Reporting Persons are filing this
Schedule 13G jointly and the agreement among the Reporting Persons to file
jointly is attached hereto as Exhibit 99.1 and incorporated herein by
reference.
HBK Master is the record owner of the shares of the Common Stock, $0.001 par
value ("Common Stock"), of the Issuer covered by this Schedule 13G, and HBK
Capital serves as the general partner of HBK Master. HBK Master and HBK
Capital have delegated to HBK Investments discretion to vote and dispose of
the shares of Common Stock owned by HBK Master. HBK Partners serves as the
general partner of HBK Investments, and HBK Management serves as the general
partner of HBK Partners.
HBK Investments has delegated discretion to vote and dispose of the shares
of Common Stock held by HBK Master to HBK Services. HBK Services may, from
time to time, delegate investment discretion to vote and dispose of certain
of shares of Common Stock held by HBK Master to HBK New York LLC, a Delaware
limited liability company, HBK Virginia LLC, a Delaware limited liability
company or HBK Europe Management LLP, a limited liability partnership
organized under the laws of the United Kingdom (collectively, the
"Subadvisors"). Each of HBK Services and the Subadvisors is under common
control with HBK Investments. The Subadvisors do not own any shares of
Common Stock directly and disclaim beneficial ownership of any shares of
Common Stock owned by HBK Master.
Each Reporting Person declares that neither the filing of this Schedule
13G nor anything herein shall be construed as an admission that such
person is, for the purposes of Section 13(d) or 13(g) of the Act, the
beneficial owner of any shares of Common Stock. The Subadvisors declare
that neither the filing of this Schedule 13G nor anything herein shall be
construed as an admission that they are, for the purposes of Section 13(d)
or 13(g) of the Act, beneficial owners of any shares of Common Stock.
Item 2(b). Address of Principal Business Office, or if None, Residence:
The address of the principal business office for each of the Reporting
Persons is 2300 North Field Street, Suite 2200, Dallas, Texas 75201.
Item 2(c). Citizenship:
See Item 4 on the cover pages hereto.
Item 2(d). Title of Class of Securities:
Common Stock, par value $0.001 per share
Item 2(e). CUSIP Number:
30068N105
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.
(a) Amount beneficially owned: See Item 9 on the cover pages hereto.
(b) Percent of class: See Item 11 on the cover pages hereto.
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: See Item 5 on the cover
pages hereto.
(ii) Shared power to vote or to direct the vote: See Item 6 on the cover
pages hereto.
(iii) Sole power to dispose or to direct the disposition of: See Item 7
on the cover pages hereto.
(iv) Shared power to dispose or to direct the disposition of: See Item 8
on the cover pages hereto.
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.
Not applicable.
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: February 14, 2020
HBK INVESTMENTS L.P.
By: /s/ Jon L. Mosle
Jon L. Mosle
Authorized Signatory
HBK SERVICES LLC
By: /s/ Jon L. Mosle
Jon L. Mosle
Authorized Signatory
HBK PARTNERS II L.P.
By: HBK Management LLC
General Partner
By: /s/ Jon L. Mosle
Jon L. Mosle
Authorized Signatory
HBK MANAGEMENT LLC
By: /s/ Jon L. Mosle
Jon L. Mosle
Authorized Signatory
HBK CAPITAL LTD.
By: /s/ Jon L. Mosle
Jon L. Mosle
Authorized Signatory
HBK MASTER FUND L.P.
By: HBK Services LLC
Investment Advisor
By: /s/ Jon L. Mosle
Jon L. Mosle
Authorized Signatory
EXHIBIT INDEX
Exhibit Description of Exhibit
24.1 Certificate of Authority (incorporated by reference to the
Certificate of Authority filed as an exhibit to the Amendment
to Schedule 13G relating to Common Shares of Beneficial Interest of
Winthrop Realty Trust filed by certain of the Reporting Persons on
February 9, 2007 with the U.S. Securities and Exchange Commission)
99.1 Joint Filing Agreement (incorporated by refe
rence to the Joint
Filing Agreement filed as an exhibit to the Schedule 13G relating
to Common Shares of Beneficial Interest of Vantage Energy Acquisition
Corp. filed by the Reporting Persons on April 27, 2017 with the U.S.
Securities and Exchange Commission)