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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO._______)*
Impath Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $.005 par value
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(Title of Class of Securities)
452 55G 10 1
----------------------------
(CUSIP Number)
*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 11 pages
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CUSIP No. 452 55G 10 1 13G Page 2 of 11
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SCHEDULE 13G
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Cross Atlantic Partners K/S
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Denmark
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5. SOLE VOTING POWER
-0-
NUMBER OF ------------------------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 315,875 Shares
EACH
REPORTING ------------------------------------------------------
PERSON 7. SOLE DISPOSITIVE POWER
WITH
-0-
------------------------------------------------------
8. SHARED DISPOSITIVE POWER
315,875 Shares
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON.
315,875 Shares
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9.
6.0%
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12. TYPE OF REPORTING PERSON*
PN
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Page 2 of 11 pages
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CUSIP No. 452 55G 10 1 13G Page 3 of 11
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SCHEDULE 13G
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CAP/Hambro, L.P.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP * (a) [ ]
(b) [ ]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5. SOLE VOTING POWER
0 Shares
NUMBER OF ------------------------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 315,875 Shares
EACH
REPORTING ------------------------------------------------------
PERSON 7. SOLE DISPOSITIVE POWER
WITH
0 Shares
------------------------------------------------------
8. SHARED DISPOSITIVE POWER
315,875 Shares
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON.
315,875 Shares
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9.
6.0%
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12. TYPE OF REPORTING PERSON*
PN
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Page 3 of 11 pages
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CUSIP No. 452 55G 10 1 13G Page 4 of 11
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SCHEDULE 13G
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CAP/Hambro, Inc.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP * (a) [ ]
(b) [ ]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5. SOLE VOTING POWER
0 Shares
NUMBER OF ------------------------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 315,875 Shares
EACH
REPORTING ------------------------------------------------------
PERSON 7. SOLE DISPOSITIVE POWER
WITH
0 Shares
------------------------------------------------------
8. SHARED DISPOSITIVE POWER
315,875 Shares
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON.
315,875 Shares
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9.
6.0%
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12. TYPE OF REPORTING PERSON*
CO
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Page 4 of 11 pages
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CUSIP No. 452 55G 10 1 13G Page 5 of 11
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SCHEDULE 13G
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Hambro America, Inc.
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP * (a) [ ]
(b) [ ]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
New York
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5. SOLE VOTING POWER
0 Shares
NUMBER OF ------------------------------------------------------
SHARES 6. SHARED VOTING POWER
BENEFICIALLY
OWNED BY 315,875 Shares
EACH
REPORTING ------------------------------------------------------
PERSON 7. SOLE DISPOSITIVE POWER
WITH
0 Shares
------------------------------------------------------
8. SHARED DISPOSITIVE POWER
315,875 Shares
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON.
315,875 Shares
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9.
6.0%
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12. TYPE OF REPORTING PERSON*
CO
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Page 5 of 11 pages
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CUSIP No. 452 55G 10 1 13G Page 6 of 11
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NOTE: This Statement on Schedule 13G is being filed on behalf of Cross
Atlantic Partners K/S, CAP/Hambro, L.P., CAP/Hambro, Inc. and Hambro America,
Inc. CAP/Hambro, L.P. is the sole general partner of Cross Atlantic Partners,
K/S. CAP/Hambro, Inc. is a general partner of CAP/Hambro, L.P. Hambro America,
Inc. is the sole shareholder of CAP/Hambro, Inc.
Item 1(a). Name of Issuer:
---------------
Impath Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
------------------------------------------------
1010 Third Avenue, Suite 302
New York, New York 10021
<TABLE>
<CAPTION>
Item 2(a) Item 2(b) Item 2(c)
--------- --------- ---------
Citizenship or Place
Name of Person Filing Address of Organization
--------------------- ------- ---------------
<S> <C> <C>
Cross Atlantic Partners K/S, c/o Hambro Health International, Inc. Denmark
a Danish limited 650 Madison Avenue
partnership New York, NY 10022
CAP/Hambro, L.P., the sole c/o Hambro Health International, Inc. Delaware
general partner of Cross 650 Madison Avenue
Atlantic Partners K/S. New York, NY 10022
CAP/Hambro, Inc., the sole general c/o Hambro Health International, Inc. Delaware
partner of CAP/Hambro, L.P., 650 Madison Avenue
which is wholly-owned by New York, NY 10022
Hambro America, Inc.
Hambro America, Inc., the parent c/o Hambro Health International, Inc. New York
corporation of CAP/Hambro, 650 Madison Avenue
Inc. New York, NY 10022
</TABLE>
Item 2(d). Title of Class of Securities:
-----------------------------
Common Stock, $.005 par value.
Item 2(e). CUSIP Number:
------------
452 55G 10 1
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or
------------------------------------------------------------
13d-2(b), check whether the person filing is a:
----------------------------------------------
(a) [ ] Broker or Dealer registered under Section 15 of the
Securities Exchange Act of 1934 (the "Act").
(b) [ ] Bank as defined in Section 3(a)(6) of the Act.
(c) [ ] Insurance Company as defined in
Section 3(a)(19) of the Act.
(d) [ ] Investment Company registered under Section 8 of the
Investment Company Act of 1940.
(e) [ ] Investment Adviser registered under Section 203 of the
Investment Advisers Act of 1940.
(f) [ ] Employee Benefit Plan, Pension Fund which is subject
to the provisions of the Employee Retirement Income
Security Act of 1974 or Endowment Fund; see
Rule 13d-1(b)(1)(ii)(F) of the Act.
Page 6 of 11 pages
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CUSIP No. 452 55G 10 1 13G Page 7 of 11
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(g) [ ] Parent Holding Company, in accordance with
Rule 13d-1(b)(ii)(G) of the Act.
(h) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(H) of
the Act.
None of the above.
Item 4. Ownership:
----------
(a) Amount Beneficially Owned: As of December 31, 1996,
each of the following is the owner of record of the number of
shares of Common Stock set forth next to its name:
Cross Atlantic Partners K/S 287,076 shares
CAP/Hambro, L.P. 0 shares
CAP/Hambro, Inc. 0 shares
Hambro America, Inc. 0 shares
Additionally, Cross Atlantic Partners K/S holds presently
exercisable warrants to purchase 28,799 shares of Common Stock.
Therefore, each of CAP/Hambro L.P., CAP/Hambro, Inc., and
Hambro America, Inc. (collectively the "Entities") may be
deemed to beneficially own the 287,076 shares owned by Cross
Atlantic Partners K/S as well as the 28,799 exerciseable
warrants held by Cross Atlantic Partners K/S. Hence Cross
Atlantic Partners and the Entities may be deemed to own
beneficially an aggregate of 315,875 shares (Common Stock and
Warrants).
(b) Percent of Class:
Cross Atlantic Partners K/S 6.0%
CAP/Hambro, L.P. 6.0%
CAP/Hambro, Inc. 6.0%
Hambro America, Inc. 6.0%
The foregoing percentages are calculated based on the 5,293,525
shares of Common Stock reported to be outstanding in the
Quarterly Report on Form 10-Q of Impath Inc. for the quarter
ended September 30, 1996.
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
Cross Atlantic Partners K/S 0 shares
CAP/Hambro, L.P. 0 shares
CAP/Hambro, Inc. 0 shares
Hambro America, Inc. 0 shares
(ii) shared power to vote or to direct the vote:
Cross Atlantic Partners K/S 6.0%
CAP/Hambro, L.P. 6.0%
CAP/Hambro, Inc. 6.0%
Hambro America, Inc. 6.0%
Page 7 of 11
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CUSIP No. 452 55G 10 1 13G Page 8 of 11
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(iii) sole power to dispose or to direct the disposition of:
Cross Atlantic Partners K/S 0 shares
CAP/Hambro, L.P. 0 shares
CAP/Hambro, Inc. 0 shares
Hambro America, Inc. 0 shares
(iv) shared power to dispose or to direct the disposition of:
Cross Atlantic Partners K/S 315,875 shares
CAP/Hambro, L.P. 315,875 shares
CAP/Hambro, Inc. 315,875 shares
Hambro America, Inc. 315,875 shares
Cross Atlantic Partners K/S, CAP/Hambro, L.P., CAP/Hambro, Inc.
and Hambro America, Inc. expressly disclaim beneficial
ownership of any shares of Common Stock of Impath Inc., except
any shares held directly of record.
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:
----------------------------------------------------------
Not applicable. Cross Atlantic Partners K/S, CAP/Hambro, L.P.,
CAP/Hambro, Inc. and Hambro America, Inc. expressly disclaim
membership in a "group" as defined in Rule 13d-1(b)(ii)(H).
Item 9. Notice of Dissolution of Group:
-------------------------------
Not applicable.
Page 8 of 11 pages
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CUSIP No. 452 55G 10 1 13G Page 9 of 11
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Item 10. Certification:
--------------
Not applicable. This statement on Schedule 13G is not filed
pursuant to Rule 13d-1(b).
Attached as EXHIBIT 1 hereto is a Joint Filing Agreement executed by each
of the filing persons pursuant to Rule 13d-1(f) under Section 13(d) of the Act.
Page 9 of 11 pages
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CUSIP No. 452 55G 10 1 13G Page 10 of 11
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SIGNATURE
---------
After reasonable inquiry and to the best of his, her or its knowledge and
belief, each of the undersigned certifies that the information set forth in this
statement is true, complete and correct. We also hereby agree to file this
statement jointly pursuant to the agreement set forth as Exhibit 1 hereto.
Dated: February 20, 1997
CROSS ATLANTIC PARTNERS K/S
By: CAP/HAMBRO, L.P.
Its General Partner
By: /s/ Charles L. Dimmler, III
------------------------------
Charles L. Dimmler, III
Authorized Officer
By: CAP/HAMBRO, INC.
Its General Partner
By: /s/ Charles L. Dimmler, III
------------------------------
Charles L. Dimmler, III
Authorized Officer
CAP/HAMBRO, INC.
By: /s/ David Barnett
------------------------------
David Barnett
Authorized Officer
HAMBRO AMERICA, INC.
By: /s/ David Barnett
------------------------------
David Barnett
Authorized Officer
Page 10 of 11 pages
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CUSIP No. 452 55G 10 1 13G Page 11 of 11
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Exhibit 1
---------
AGREEMENT
Pursuant to Rule 13d-1(f) (1) under the Securities Exchange Act of 1934,
the undersigned hereby agree that only one statement containing the information
required by Schedule 13G need be filed with respect to the ownership by each of
the undersigned of shares of Common Stock of Impath Inc..
This Agreement may be executed in any number of counterparts, each of which
shall be deemed an original.
EXECUTED this 20th day of February, 1997.
CROSS ATLANTIC PARTNERS K/S
By: CAP/HAMBRO, L.P.
Its General Partner
By: /s/ Charles L. Dimmler, III
---------------------------------
Charles L. Dimmler, III
Authorized Officer
By: CAP/HAMBRO, Inc.
Its General Partner
By: /s/ Charles L. Dimmler, III
---------------------------------
Charles L. Dimmler, III
Authorized Officer
CAP/HAMBRO, INC.
By: /s/ David Barnett
---------------------------------
David Barnett
Authorized Officer
HAMBRO AMERICA, INC.
By: /s/ David Barnett
---------------------------------
David Barnett
Authorized Officer
Page 11 of 11
