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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1 )*
-----
Impath Inc.
----------------
(Name of Issuer)
Common Stock, $.005 par value
------------------------------
(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 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Cross Atlantic Partners K/S
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Denmark
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY -0-
OWNED BY ---------------------------------------------------------
EACH 6 SHARED VOTING POWER
REPORTING
PERSON 169,674 shares
WITH ---------------------------------------------------------
7 SOLE DISPOSITIVE POWER
-0-
---------------------------------------------------------
8 SHARED DISPOSITIVE POWER
169,674 shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
169,674 shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.1%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
Page 2 of 10 Pages
<PAGE>
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CAP/Hambro, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY -0-
OWNED BY ---------------------------------------------------------
EACH 6 SHARED VOTING POWER
REPORTING
PERSON 169,674 shares
WITH ---------------------------------------------------------
7 SOLE DISPOSITIVE POWER
-0-
---------------------------------------------------------
8 SHARED DISPOSITIVE POWER
169,674 shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
169,674 shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.1%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
Page 3 of 10 Pages
<PAGE>
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CAP/Hambro, Inc.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY -0-
OWNED BY ---------------------------------------------------------
EACH 6 SHARED VOTING POWER
REPORTING
PERSON 169,674 shares
WITH ---------------------------------------------------------
7 SOLE DISPOSITIVE POWER
-0-
---------------------------------------------------------
8 SHARED DISPOSITIVE POWER
169,674 shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
169,674 shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.1%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
Page 4 of 10 Pages
<PAGE>
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Hambro America, Inc.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- --------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY -0-
OWNED BY ---------------------------------------------------------
EACH 6 SHARED VOTING POWER
REPORTING
PERSON 169,674 shares
WITH ---------------------------------------------------------
7 SOLE DISPOSITIVE POWER
-0-
---------------------------------------------------------
8 SHARED DISPOSITIVE POWER
169,674 shares
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
169,674 shares
- --------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.1%
- --------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
Page 5 of 10 Pages
<PAGE>
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
the sole 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, a c/o Hambro Health International, Inc. Denmark
Danish limited partnership 650 Madison Avenue
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.
Page 6 of 10 Pages
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(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.
(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, 1997, each
of the following is the owner of record of the number of
shares of Common Stock set forth next to its name:
<TABLE>
<S> <C>
Cross Atlantic Partners K/S 140,875 shares
CAP/Hambro, L.P. 0 shares
CAP/Hambro, Inc. 0 shares
Hambro America, Inc. 0 shares
</TABLE>
Additionally, Cross Atlantic Partners K/S holds presently
exerciseable 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 140,875 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 K/S
and the Entities may be deemed to own beneficially an aggregate
of 169,674 shares (Common Stock and Warrants).
(b) Percent of Class:
<TABLE>
<S> <C>
Cross Atlantic Partners K/S 3.1%
CAP/Hambro, L.P. 3.1%
CAP/Hambro, Inc. 3.1%
Hambro America, Inc. 3.1%
</TABLE>
The foregoing percentages are calculated based on the 5,429,238
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, 1997.
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
<TABLE>
<S> <C>
Cross Atlantic Partners K/S 0 shares
CAP/Hambro, L.P. 0 shares
CAP/Hambro, Inc. 0 shares
Hambro America, Inc. 0 shares
</TABLE>
Page 7 of 10 Pages
<PAGE>
(ii) shared power to vote or to direct the vote:
<TABLE>
<S> <C>
Cross Atlantic Partners K/S 169,674 shares
CAP/Hambro, L.P. 169,674 shares
CAP/Hambro, Inc. 169,674 shares
Hambro America, Inc. 169,674 shares
</TABLE>
(iii) sole power to dispose or to direct the disposition of:
<TABLE>
<S> <C>
Cross Atlantic Partners K/S 0 shares
CAP/Hambro, L.P. 0 shares
CAP/Hambro, Inc. 0 shares
Hambro America, Inc. 0 shares
</TABLE>
(iv) shared power to dispose or to direct the disposition
of:
<TABLE>
<S> <C>
Cross Atlantic Partners K/S 169,674 shares
CAP/Hambro, L.P. 169,674 shares
CAP/Hambro, Inc. 169,674 shares
Hambro America, Inc. 169,674 shares
</TABLE>
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.
Item 10. Certification.
--------------
Not applicable. This statement on Schedule 13G is not filed pursuant
to Rule 13d-1(b).
Page 8 of 10 Pages
<PAGE>
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 to the
Schedule 13G filed on February 21, 1997 on behalf of Impath Inc.
Dated: February 13, 1998
CROSS ATLANTIC PARTNERS K/S
By: CAP/HAMBRO, L.P.
Its General Partner
By: CAP/HAMBRO, INC.
Its General Partner
By: *
---------------------------
Charles L. Dimmler, III
Authorized Officer
CAP/HAMBRO, L.P.
By: CAP/HAMBRO, INC.
---------------------------
Its General Partner
By: *
---------------------------
Charles L. Dimmler, III
Authorized Officer
CAP/HAMBRO, INC.
By: *
---------------------------
David Barnett
Authorized Officer
HAMBRO AMERICA, INC.
By: *
---------------------------
David Barnett
Authorized Officer
*By: /s/ Lisa C. Torch
------------------
Lisa C. Torch
Attorney-in-fact
- ------------------------------------------------------------------------------
- ------------------------------------------------------------------------------
* This Schedule 13G was executed by Lisa C. Torch pursuant to Powers of
Attorney attached hereto as Exhibit 1.
Page 9 of 10 Pages
<PAGE>
Exhibit 1
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature
appears below hereby constitutes and appoints Edwin A. Goodman and Lisa C.
Torch, and each of them, with full power to act without the other, his or
her true and lawful attorney-in-fact, with full power of substitution, to
sign any and all instruments, certificates and documents that may be
necessary, desirable or appropriate to be executed on behalf of himself or
herself as an individual or in his or her capacity as a general partner
of, or an officer of a general partner of, CAP/Hambro, L.P., CAP/Hambro,
Inc., Hambro America, Inc., Cross Atlantic Partners K/S, Cross Atlantic
Partners K/S II and Cross Atlantic Partners K/S III, pursuant to Section 13
or 16 of the Securities Exchange Act of 1934, as amended (the "Exchange
Act"), and any and all regulations promulgated thereunder, and to file the
same, with all exhibits thereto, and any other documents in connection
therewith, with the Securities and Exchange Commission, and with any other
entity when and if such is mandated by the Exchange Act or by the By-laws
of the National Association of Securities Dealers, Inc., granting unto said
attorney-in-fact full power and authority to do and perform each and
every act and thing necessary, desirable or appropriate, fully to all
intents and purposes as he or she might or could do in person, thereby
ratifying and confirming all that said attorney-in-fact, or his
substitutes, may lawfully do or cause to be done by virtue hereto.
IN WITNESS WHEREOF, this Power of Attorney has been signed as of the
13th day of February, 1998.
/s/ John Cassis
---------------------------
John Cassis
/s/ Charles L. Dimmler, III
---------------------------
Charles L. Dimmler, III
/s/ David Barnett
---------------------------
David Barnett
Page 10 of 10 Pages
