UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. )*
Arpeggio Acquisition Corporation
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $0.0001 Par Value
--------------------------------------------------------------------------------
(Title of Class of Securities)
042689 10 9
--------------
(CUSIP Number)
June 30, 2004
-----------------------------------------------------
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).
Page 1 of 14
CUSIP No. 042689 10 9 13G
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Woodland Partners
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [ ]
(b) [ ]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
200,000 shares
Number of ----------------------------------------------
Shares
Beneficially 6 SHARED VOTING POWER
Owned By 0 shares
Each ----------------------------------------------
Reporting
Person 7 SOLE DISPOSITIVE POWER
With 200,000 shares
----------------------------------------------
8 SHARED DISPOSITIVE POWER
0 shares
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
200,000 shares
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
[ ]
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.4%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
--------------------------------------------------------------------------------
Page 2 of 14
CUSIP No. 042689 10 9 13G
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Barry Rubenstein
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [ ]
(b) [ ]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
121,000 shares
Number of ----------------------------------------------
Shares
Beneficially 6 SHARED VOTING POWER
Owned By 380,000 shares
Each ----------------------------------------------
Reporting
Person 7 SOLE DISPOSITIVE POWER
With 121,000 shares
----------------------------------------------
8 SHARED DISPOSITIVE POWER
380,000 shares
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
501,000 shares
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
[ ]
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.0%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
--------------------------------------------------------------------------------
Page 3 of 14
CUSIP No. 042689 10 9 13G
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Marilyn Rubenstein
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [ ]
(b) [ ]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 shares
Number of ----------------------------------------------
Shares
Beneficially 6 SHARED VOTING POWER
Owned By 380,000 shares
Each ----------------------------------------------
Reporting
Person 7 SOLE DISPOSITIVE POWER
With 0 shares
----------------------------------------------
8 SHARED DISPOSITIVE POWER
380,000 shares
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
380,000 shares
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
[ ]
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.6%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
--------------------------------------------------------------------------------
Page 4 of 14
CUSIP No. 042689 10 9 13G
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Woodland Venture Fund
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [ ]
(b) [ ]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
120,000 shares
Number of ----------------------------------------------
Shares
Beneficially 6 SHARED VOTING POWER
Owned By 0 shares
Each ----------------------------------------------
Reporting
Person 7 SOLE DISPOSITIVE POWER
With 120,000 shares
----------------------------------------------
8 SHARED DISPOSITIVE POWER
0 shares
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
120,000 shares
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
[ ]
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
1.4%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
--------------------------------------------------------------------------------
Page 5 of 14
CUSIP No. 042689 10 9 13G
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Seneca Ventures
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [ ]
(b) [ ]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
60,000 shares
Number of ----------------------------------------------
Shares
Beneficially 6 SHARED VOTING POWER
Owned By 0 shares
Each ----------------------------------------------
Reporting
Person 7 SOLE DISPOSITIVE POWER
With 60,000 shares
----------------------------------------------
8 SHARED DISPOSITIVE POWER
0 shares
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
60,000 shares
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
[ ]
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.7%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
--------------------------------------------------------------------------------
Page 6 of 14
CUSIP No. 042689 10 9 13G
--------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Woodland Services Corp.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [ ]
(b) [ ]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
--------------------------------------------------------------------------------
5 SOLE VOTING POWER
0 shares
Number of ----------------------------------------------
Shares
Beneficially 6 SHARED VOTING POWER
Owned By 180,000 shares
Each ----------------------------------------------
Reporting
Person 7 SOLE DISPOSITIVE POWER
With 0 shares
----------------------------------------------
8 SHARED DISPOSITIVE POWER
180,000 shares
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
180,000 shares
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS)
[ ]
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.2%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
--------------------------------------------------------------------------------
Page 7 of 14
ITEM 1.
(a) Name of Issuer:
Arpeggio Acquisition Corporation
(b) Address of Issuer's Principal Executive Offices:
10 East 53rd Street
36th Floor
New York, New York 10022
ITEM 2.
1. (a) Name of Person Filing: Woodland Partners
(b) Address of Principal Business Office, or, if none, Residence:
68 Wheatley Road
Brookville, New York 11545
(c) Place of Organization: New York
(d) Title of Class of Securities: Common Stock, $0.0001 par value
per share
(e) CUSIP Number: 042689 10 9
2. (a) Name of Person Filing: Barry Rubenstein
(b) Address of Principal Business Office, or, if none, Residence:
68 Wheatley Road
Brookville, New York 11545
(c) Citizenship: United States
(d) Title of Class of Securities: Common Stock, $0.001 par value
per share
(e) CUSIP Number: 042689 10 9
3. (a) Name of Person Filing: Marilyn Rubenstein
(b) Address of Principal Business Office, or, if none, Residence:
68 Wheatley Road
Brookville, New York 11545
(c) Citizenship: United States
(d) Title of Class of Securities: Common Stock, $0.001 par value
per share
(e) CUSIP Number: 042689 10 9
4. (a) Name of Person Filing: Woodland Venture Fund
(b) Address of Principal Business Office, or, if none, Residence:
68 Wheatley Road
Brookville, New York 11545
(c) Place of Organization: New York
(d) Title of Class of Securities: Common Stock, $0.0001 par value
per share
(e) CUSIP Number: 042689 10 9
Page 8 of 14
5. (a) Name of Person Filing: Seneca Ventures
(b) Address of Principal Business Office, or, if none, Residence:
68 Wheatley Road
Brookville, New York 11545
(c) Place of Organization: New York
(d) Title of Class of Securities: Common Stock, $0.0001 par value
per share
(e) CUSIP Number: 042689 10 9
6. (a) Name of Person Filing: Woodland Services Corp.
(b) Address of Principal Business Office, or, if none, Residence:
68 Wheatley Road
Brookville, New York 11545
(c) Place of Organization: New York
(d) Title of Class of Securities: Common Stock, $0.0001 par value
per share
(e) CUSIP Number: 042689 10 9
ITEM 3. If this statement is filed pursuant to ss.240.13d-1(b) or
240.13d-2(b) or (c), check whether the person 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 as registered under Section 8 of the
Investment Company Act of 1940 (15 U.S.C. 80a-8).
(e) [ ] An investment adviser in accordance with
ss.240.13d-1(b)(1)(ii)(E).
(f) [ ] An employee benefit plan or endowment fund in accordance
with ss.240.13d-1(b)(1)(ii)(F).
(g) [ ] A parent holding company or control person in accordance
with ss.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 ss.240.13d-1(b)(1)(ii)(J).
Page 9 of 14
ITEM 4. OWNERSHIP.
The reporting persons purchased units (the "Units"). Each Unit
consists of one share of common stock, 0.0001 par value per share (the "Common
Stock"), and two redeemable common stock purchase warrants (the "Warrants").
Each Warrant entitles the holder to purchase one share of Common Stock at a
price of $5.00. Each Warrant becomes exercisable on the later to occur of the
Issuer's completion of a business combination, or June 24, 2005, and expires on
June 23, 2008, or earlier upon redemption.
1. Woodland Partners:
(a) Amount Beneficially Owned: 200,000(1,2) shares.
(b) Percent of Class: 2.4%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
200,000(1,2) shares.
(ii) shared power to vote or to direct the vote: 0 shares.
(iii) sole power to dispose or to direct the disposition of:
200,000(1,2) shares.
(iv) shared power to dispose or to direct the disposition of:
0 shares.
2. Barry Rubenstein:
(a) Amount Beneficially Owned: 501,000(1,2,3,4,5,6,7,8,9)shares.
Barry Rubenstein is a general partner of Seneca Ventures,
Woodland Venture Fund and Woodland Partners and an officer and
director of Woodland Services Corp. Mr. Rubenstein is the
husband of Marilyn Rubenstein.
(b) Percent of Class: 6.0%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
121,000(3,4) shares.
(ii) shared power to vote or to direct the vote:
380,000(1,2,5,6,7,8,9)shares.
(iii) sole power to dispose or to direct the disposition of:
121,000(3,4) shares.
(iv) shared power to dispose or to direct the disposition of:
380,000(1,2,5,6,7,8,9) shares.
3. Marilyn Rubenstein:
(a) Amount Beneficially Owned: 380,000(1,2,5,6,7,8,9) Marilyn
Rubenstein is a general partner of Woodland Partners and an
officer of Woodland Services Corp. Marilyn Rubenstein is the
wife of Barry Rubenstein.
(b) Percent of Class: 4.6%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 0 shares.
(ii) shared power to vote or to direct the vote:
380,000(1,2,5,6,7,8,9)shares.
(iii) sole power to dispose or to direct the disposition of:
0 shares.
(iv) shared power to dispose or to direct the disposition of:
380,000(1,2,5,6,7,8,9) shares.
------------------------------
(1) Includes 200,000 shares of Common Stock owned by Woodland Partners.
(2) Does not include 400,000 shares of Common Stock issuable upon the exercise
of the Warrants held by Woodland Partners.
(3) Includes 121,000 shares of Common Stock owned by the Barry Rubenstein
Rollover IRA account.
(4) Does not include 242,000 shares of Common Stock issuable upon the exercise
of the Warrants held by the Barry Rubenstein Rollover IRA account.
Page 10 of 14
4. Woodland Venture Fund:
(a) Amount Beneficially Owned: 120,000(5,6) shares.
(b) Percent of Class: 1.4%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
120,000(5,6) shares.
(ii) shared power to vote or to direct the vote: 0 shares.
(iii) sole power to dispose or to direct the disposition of:
120,000(5,6) shares.
(iv) shared power to dispose or to direct the disposition of:
0 shares.
5 Seneca Ventures:
(a) Amount Beneficially Owned: 60,000(7,8) shares.
(b) Percent of Class: 0.7%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
60,000(7,8) shares.
(ii) shared power to vote or to direct the vote: 0 shares.
(iii) sole power to dispose or to direct the disposition of:
60,000(7,8) shares.
(iv) shared power to dispose or to direct the disposition of:
0 shares.
6. Woodland Services Corp.:
(a) Amount Beneficially Owned: 180,000(5,6,7,8,9) shares. Woodland
Services Corp. is a general partner of Seneca Ventures and
Woodland Venture Fund.
(b) Percent of Class: 2.2%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 0 shares.
(ii) shared power to vote or to direct the vote:
180,000(5,6,7,8,9) shares.
(iii) sole power to dispose or to direct the disposition of:
0 shares.
(iv) shared power to dispose or to direct the disposition of:
180,000(5,6,7,8,9) shares.
A Joint Filing Agreement is attached hereto as Exhibit A.
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. [ ]
INSTRUCTION: Dissolution of a group requires a response to this item.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
Not Applicable.
------------------------------
(5) Includes 120,000 shares of Common Stock owned by Woodland Venture Fund.
(6) Does not include 240,000 shares of Common Stock issuable upon the exercise
of the Warrants held by Woodland Venture Fund.
(7) Includes 60,000 shares of Common Stock owned by Seneca Ventures.
(8) Does not include 120,000 shares of Common Stock issuable upon the exercise
of the Warrants held by Seneca Ventures.
(9) The reporting person disclaims beneficial ownership of these securities
except to the extent of his/her/its equity interest therein.
Page 11 of 14
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY OR
CONTROL PERSON.
Not Applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
Not Applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not Applicable.
ITEM 10. CERTIFICATION.
(b) The following certification shall be included if the statement
is filed pursuant to ss.240.13d-1(c):
By signing below each party certifies that, to the best of
his/her/its 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.
Page 12 of 14
SIGNATURE
After reasonable inquiry and to the best of their knowledge and
belief, each of the undersigned hereby certifies that the information set forth
in this statement is true, complete and correct.
Dated: July 7, 2004
WOODLAND VENTURE FUND
By:/s/ Barry Rubenstein
-------------------------------------------------
Barry Rubenstein, a General Partner
SENECA VENTURES
By:/s/ Barry Rubenstein
-------------------------------------------------
Barry Rubenstein, a General Partner
WOODLAND PARTNERS
By:/s/ Barry Rubenstein
-------------------------------------------------
Barry Rubenstein, a General Partner
WOODLAND SERVICES CORP.
By:/s/ Barry Rubenstein
-------------------------------------------------
Barry Rubenstein, President
/s/ Barry Rubenstein
-------------------------------------------------
Barry Rubenstein
/s/ Marilyn Rubenstein
-------------------------------------------------
Marilyn Rubenstein
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL
CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001)
Page 13 of 14
13G
EXHIBIT A
JOINT FILING AGREEMENT
The undersigned hereby agree that the Statement on Schedule 13G
with respect to the shares of Common Stock, $0.0001 par value per share, of
Arpeggio Acquisition Corporation and any further amendments thereto executed by
each and any of us shall be filed on behalf of each of us pursuant to and in
accordance with the provisions of Rule 13d-1(k)(1) under the Securities Exchange
Act of 1934, as amended.
This Agreement may be executed in separate counterparts, each of
which shall be deemed an original, but all of which shall constitute one and the
same instrument.
Dated: July 7, 2004
WOODLAND VENTURE FUND
By:/s/ Barry Rubenstein
-------------------------------------------------
Barry Rubenstein, a General Partner
SENECA VENTURES
By:/s/ Barry Rubenstein
-------------------------------------------------
Barry Rubenstein, a General Partner
WOODLAND PARTNERS
By:/s/ Barry Rubenstein
-------------------------------------------------
Barry Rubenstein, a General Partner
WOODLAND SERVICES CORP.
By:/s/ Barry Rubenstein
-------------------------------------------------
Barry Rubenstein, President
/s/ Barry Rubenstein
-------------------------------------------------
Barry Rubenstein
/s/ Marilyn Rubenstein
-------------------------------------------------
Marilyn Rubenstein
Page 14 of 14