kl02041.htm
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
SCHEDULE
13G/A
(Amendment
No. 1)
Under
the Securities Exchange Act of 1934*
Alyst
Acquisition Corp.
(Name of
Issuer)
Common
Stock, 0.0001 par value per share
(Title of
Class of Securities)
02263A105
(Common Stock)
(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)
þ 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.
CUSIP No.
02263A105 Page 2 of 6
|
1
|
NAME
OF REPORTING PERSON
S.S.
OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Azimuth
Opportunity, Ltd.
|
|
2
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
ÿ
(b)
ÿ
|
|
3
|
SEC
USE ONLY
|
|
4
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
British
Virgin Islands
|
|
NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH
|
5
|
SOLE
VOTING POWER
305,800
|
|
6
|
SHARED
VOTING POWER
0
|
|
7
|
SOLE
DISPOSITIVE POWER
305,800
|
|
8
|
SHARED
DISPOSITIVE POWER
0
|
|
9
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
305,800
|
|
10
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
ÿ
|
|
11
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.2%
|
|
12
|
TYPE
OF REPORTING PERSON*
OO (An
international business company organized under the laws of the British
Virgin Islands)
|
*SEE INSTRUCTIONS BEFORE FILLING
OUT!
CUSIP No.
02263A105 Page 3 of 6
Item
1.
(a) Name
of Issuer:
Alyst Acquisition Corp. (the
“Company”)
(b) Address
of Issuer's Principal Executive Offices:
233 East 69th Street, #6J
New York,
NY 10021
Item
2.
(a) Name
of Person Filing:
Azimuth Opportunity, Ltd.
(b) Address
of Principal Business Office or, if none, Residence:
Azimuth
Opportunity, Ltd.
c/o
Ogier
Qwomar
Complex, 4th
Floor
P.O. Box
3170
Road
Town, Tortola
British Virgin Islands
(c) Citizenship:
British Virgin Islands
(d) Title
of Class of Securities:
Common
Stock, 0.0001 par value per share (“Common Stock”).
(e) CUSIP
Number:
02263A105 (Common Stock)
CUSIP No.
02263A105 Page 4 of 6
Item
3. If
this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check
whether
the person filing is a:
Not applicable.
Item
4. Ownership.
The following is information regarding
the aggregate number and percentage of the class of securities of the issuer
identified in Item 1.
(a) Amount
beneficially owned:
As of the date of this filing, the
Reporting Person beneficially owns 305,800 shares of Common Stock.
(b) Percent
of class:
3.2% of the Company's Common Stock,
which percentage was calculated based on a figure of 9,510,600 shares of Common
Stock outstanding as of September 30, 2008, as reported in the Company's Current
Report on Form 10Q, dated as of November 10, 2008.
(c) Number
of shares as to which the person has:
(i)
Sole power to vote or to direct the vote: 305,800
(ii)
Shared power to vote or to direct the vote: 0
(iii) Sole
power to dispose or to direct the disposition of: 305,800
(iv) Shared
power to dispose or to direct the disposition of: 0
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 owner of more than five
percent of the class of securities, check the following [X].
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.
CUSIP No.
02263A105 Page 5 of 6
Item
8.
Identification and Classification of Members of the Group
Not applicable.
Item
9.
Notice of Dissolution of Group
Not applicable.
Item
10.
Certification
Certification
pursuant to §240.13d-1(c):
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.
CUSIP No.
02263A105 Page 6 of 6
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 13, 2009
AZIMUTH OPPORTUNITY,
LTD.
By: /s/ Peter W.
Poole
Name: Peter W.
Poole
Title: Director