SEC Info - YA Global Investments, et al. - ‘SC 13D’ on 8/11/06 re: U.S. Helicopter Corp

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YA Global Investments, et al. – ‘SC 13D’ on 8/11/06 re: U.S. Helicopter Corp

On: Friday, 8/11/06, at 10:56am ET · Accession #: 1144204-6-32298 · File #: 5-81001

  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 8/11/06  YA Global Investments             SC 13D                 1:16K  U.S. Helicopter Corp              Vintage/FA
          Mark Angelo
          Yorkville Advisors, LLC

General Statement of Beneficial Ownership — Schedule 13D
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13D      General Statement of Beneficial Ownership              9     33K

Document Table of Contents

Page	(sequential)	\|	(alphabetic)	Top
			Alternative Formats (Word, et al.) Contract, Arrangements, Understandings or Relationships with respect to Securities of the Issuer Identity and Background Interest in Securities of the Issuer Is Hereby Amended to Include the Following: Purpose of Transaction Schedule 13D Security and Issuer Source and Amount of Funds or Other Consideration
1	1st Page - Filing Submission
2	Schedule 13D
5	Item 1. Security and Issuer
"	Item 2. Identity and Background
"	Item 3. Source and Amount of Funds or Other Consideration
"	Item 4. Purpose of Transaction
"	Item 4. Is Hereby Amended to Include the Following:
6	Item 5. Interest in Securities of the Issuer
7	Item 6. Contract, Arrangements, Understandings or Relationships with respect to Securities of the Issuer

SC 13D 1st Page of 9 TOC ↑Top Previous Next ↓Bottom Just 1st
 
                                                                          Page 1

 UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

================================================================================

SCHEDULE 13D/A

 Under the Securities Exchange Act of 1934
 (Amendment No. 2)

 U.S. Helicopter Corporation
 ---------------------------
(Name of Issuer)

Common Stock, par value $0.001 per share
----------------------------------------
(Title of Class of Securities)

 90342H 10 0
 -----------
(CUSIP Number)

 Steven S. Goldstein, Esq.
 Yorkville Advisors, LLC
 101 Hudson Street, Suite 3700
 Jersey City, New Jersey 07302
(201) 985-8300
 (Name, Address and Telephone Number of Person
 Authorized to Receive Notices and Communications)

Copy To:

Eric M. Hansen, Esq.
 101 Hudson Street, Suite 3700
 Jersey City, New Jersey 07302
(201) 985-8300

August 9, 2006
--------------

 (Date of Event which Requires Filing of this Statement)

       If the filing person has previously filed a statement on Schedule 13G
to report the acquisition which is the subject of this Schedule 13D, and is     
filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box
[ ].                                                                            

SC 13D 2nd Page of 9 TOC 1st Previous Next ↓Bottom Just 2nd
                                                                          Page 2

SCHEDULE 13D

-----------------------    -----------------------------------------------------
1                          NAME OF REPORTING PERSONS                            
 Cornell Capital Partners LP
-----------------------    -----------------------------------------------------
2                          CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP     
                                                                       (a) [   ]
                                                                       (b) [   ]
-----------------------    -----------------------------------------------------
3                          SEC USE ONLY                                         

-----------------------    -----------------------------------------------------
4                          SOURCE OF FUNDS                                      

WC                        
-----------------------    -----------------------------------------------------
5                          CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS      
                  REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) (  )

-----------------------    -----------------------------------------------------
6                          CITIZENSHIP OR PLACE OF ORGANIZATION                 

Delaware                  
-----------------------    -----------------------------------------------------
NUMBER OF SHARES           7             SOLE VOTING POWER                      
BENEFICIALLY OWNED BY                                                           
EACH REPORTING PERSON                    -0-                                    
WITH                                                                            
                           -----------------------------------------------------
       8             SHARED VOTING POWER

                           -----------------------------------------------------
          9             SOLE DISPOSITIVE POWER
     -0-
                           -----------------------------------------------------
            10            SHARED DISPOSITIVE POWER

-----------------------    -----------------------------------------------------
11                         AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON                    

-0-                       
-----------------------    -----------------------------------------------------
12                         CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)        
              EXCLUDES CERTAIN SHARES             (  )

-----------------------    -----------------------------------------------------
13                         PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)   

0.00%                     
-----------------------    -----------------------------------------------------
14                         TYPE OF REPORTING PERSON                             

PN                        
-----------------------    -----------------------------------------------------

SC 13D 3rd Page of 9 TOC 1st Previous Next ↓Bottom Just 3rd
                                                                          Page 3

-----------------------    -----------------------------------------------------
1                          NAME OF REPORTING PERSONS                            
Yorkville Advisors, LLC   
-----------------------    -----------------------------------------------------
2                          CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP     
                                                                       (a) [   ]
                                                                       (b) [   ]
-----------------------    -----------------------------------------------------
3                          SEC USE ONLY                                         

-----------------------    -----------------------------------------------------
4                          SOURCE OF FUNDS                                      

WC                        
-----------------------    -----------------------------------------------------
5                          CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS      
                  REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) (  )

-----------------------    -----------------------------------------------------
6                          CITIZENSHIP OR PLACE OF ORGANIZATION                 

Delaware                  
-----------------------    -----------------------------------------------------
NUMBER OF SHARES           7             SOLE VOTING POWER                      
BENEFICIALLY OWNED BY                                                           
EACH REPORTING PERSON                    -0-                                    
WITH                                                                            
                           -----------------------------------------------------
       8             SHARED VOTING POWER
     -0-
                           -----------------------------------------------------
          9             SOLE DISPOSITIVE POWER
     -0-
                           -----------------------------------------------------
            10            SHARED DISPOSITIVE POWER
     -0-
-----------------------    -----------------------------------------------------
11                         AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON                    

-0-                       
-----------------------    -----------------------------------------------------
12                         CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)        
              EXCLUDES CERTAIN SHARES             (  )

-----------------------    -----------------------------------------------------
13                         PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)   

0.00%                     
-----------------------    -----------------------------------------------------
14                         TYPE OF REPORTING PERSON                             

PN                        
-----------------------    -----------------------------------------------------

SC 13D 4th Page of 9 TOC 1st Previous Next ↓Bottom Just 4th
                                                                          Page 4

-----------------------    -----------------------------------------------------
1                          NAME OF REPORTING PERSONS                            
Mark Angelo               
-----------------------    -----------------------------------------------------
2                          CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP     
                                                                       (a) [   ]
                                                                       (b) [   ]
-----------------------    -----------------------------------------------------
3                          SEC USE ONLY                                         

-----------------------    -----------------------------------------------------
4                          SOURCE OF FUNDS                                      

OO                        
-----------------------    -----------------------------------------------------
5                          CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS      
                  REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) (  )

-----------------------    -----------------------------------------------------
6                          CITIZENSHIP OR PLACE OF ORGANIZATION                 

United States             
-----------------------    -----------------------------------------------------
NUMBER OF SHARES           7             SOLE VOTING POWER                      
BENEFICIALLY OWNED BY                                                           
EACH REPORTING PERSON                    -0-                                    
WITH                                                                            
                           -----------------------------------------------------
       8             SHARED VOTING POWER
     -0-
                           -----------------------------------------------------
          9             SOLE DISPOSITIVE POWER
     -0-
                           -----------------------------------------------------
            10            SHARED DISPOSITIVE POWER
     -0-
-----------------------    -----------------------------------------------------
11                         AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON                    

-0-                       
-----------------------    -----------------------------------------------------
12                         CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)        
              EXCLUDES CERTAIN SHARES             (  )

-----------------------    -----------------------------------------------------
13                         PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)   

0.00%                     
-----------------------    -----------------------------------------------------
14                         TYPE OF REPORTING PERSON                             

IN                        
-----------------------    -----------------------------------------------------

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                                                                          Page 5

Item 1.  Security and Issuer.                                                   

        This Amendment No. 2 amends and supplements the items of Schedule 13D,
originally filed by the undersigned with the Securities and Exchange Commission 
on March 7, 2006 and August 8, 2006 (together, the "Schedule 13D") as reflected 
below. The class of equity securities to which this Amendment to Schedule 13D   
relates is the shares of common stock, $0.01 par value per share (the "Common   
Stock"), of U.S. Helicopter Corporation, a Delaware corporation (the "Issuer"). 
The principal executive office of the Issuer is located at 6 East River Piers,  
Suite 216, Downtown Manhattan Heliport, New York, NY 10004.                     

Item 2.  Identity and Background.                                               

         This statement is being filed on behalf of Cornell Capital Partners, LP
("Cornell"), a Delaware limited partnership, Yorkville Advisors, LLC            
("Yorkville"), a Delaware limited liability company, and Mr. Mark Angelo, the   
President of Yorkville.                                                         

        Cornell is a private equity fund whose activities are comprised nearly
exclusively of investing in publicly-traded securities and instruments          
convertible into publicly-traded securities. Yorkville is the general partner   
of, and investment advisor to, Cornell. Mr. Angelo, a citizen of the United     
States, is the portfolio manager of Cornell and the President of Yorkville. The 
principal place of business of Cornell, Yorkville, and Mr. Angelo is 101 Hudson 
Street, Suite 3700, Jersey City, New Jersey 07302.                              

       During the last five years prior to the date hereof, neither Cornell,
Yorkville, or Mr. Angelo has been convicted in a criminal proceeding or been a  
party to a criminal proceeding ending in a judgment, decree, or final order     
enjoining future violations of, or prohibiting or mandating activities subject  
to, federal or state securities laws, or finding any violation with respect to  
such laws.                                                                      

Item 3.  Source and Amount of Funds or Other Consideration.                     

        Item 3 of the Schedule 13D is hereby amended to include the following:

   On July 10, 2006 Cornell entered into a Stock Sale Agreement with
Al-Deera Holding Co., KSCC ("Al-Deera") to sell Al-Deera One Million Six Hundred
Seventy Four Thousand Nine Hundred Thirty Six (1,653,436) shares at a net price 
of $1.20 per share, and Cornell transferred the shares to Al-Deera on July 31,  
2006. The Reporting Persons holdings have been reduced such that they no longer 
have an obligation under this Rule.                                             

Item 4.  Purpose of Transaction.                                                

Item 4 is hereby amended to include the following:            

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                                                                          Page 6

       On July 10, 2006 Cornell, in the ordinary course of its business, and
as the owner of 1,653,436 Common Shares entered into a Stock Sale Agreement to  
sell such Common Shares to Al-Deera Holding Co. KSCC, which were transferred to 
Al-Deera on July 31, 2006.                                                      

Item 5.  Interest in Securities of the Issuer.                                  

Item 5 is hereby amended to include the following:            

        (a)-(b) As of July 31, 2006, Cornell, was the beneficial owner of less
than 5% of the Issuer's Common Stock. Yorkville, the general partner of Cornell,
and Mr. Angelo, as the President of Yorkville, may be deemed the beneficial     
owner of the same shares.(1) Any beneficial ownership attributed to the         
Reporting Persons is the result of Cornell's ownership of convertible debentures
in the Issuer. Such beneficial ownership is less than 5% and therefore the      
Reporting Persons have no further obligation under this Rule.                   

       (c) On July 10, 2006 Cornell entered into a Stock Sale Agreement with
Al-Deera Holding Co., KSCC to sell 1,653,436 shares at a net price of $1.20 per 
share, and Cornell transferred the shares to Al-Deera on July 31, 2006. In      
addition, Cornell sold the following shares in the open market on the dates set 
forth below:                                                                    

                                                                [Download Table]

 Date    Trans   Qty          Description          Symbol   Price   Amount 
 ----    -----  -----         -----------          ------   -----   ------ 
                                                                           
7/5/06    SELL  2,500  U S HELICOPTER CORPORATION   USHP     1.24  3,074.90
5/30/06   SELL  1,000  U S HELICOPTER CORPORATION   USHP     1.01    997.96
5/26/06   SELL  1,000  U S HELICOPTER CORPORATION   USHP     1.02  1,010.96
5/25/06   SELL  1,000  U S HELICOPTER CORPORATION   USHP     0.99    981.96
5/24/06   SELL  1,000  U S HELICOPTER CORPORATION   USHP        1    988.96
5/23/06   SELL  1,000  U S HELICOPTER CORPORATION   USHP    1.025  1,023.96
5/22/06   SELL  1,000  U S HELICOPTER CORPORATION   USHP     1.06  1,048.96
5/19/06   SELL  1,000  U S HELICOPTER CORPORATION   USHP    1.205  1,183.96
5/18/06   SELL  1,000  U S HELICOPTER CORPORATION   USHP   1.3288  1,303.75
5/17/06   SELL  1,000  U S HELICOPTER CORPORATION   USHP    1.425  1,423.95
5/16/06   SELL  1,000  U S HELICOPTER CORPORATION   USHP      1.5  1,483.95
5/15/06   SELL  1,000  U S HELICOPTER CORPORATION   USHP      1.5  1,498.95
5/12/06   SELL  1,000  U S HELICOPTER CORPORATION   USHP      1.5  1,498.95
5/11/06   SELL  1,000  U S HELICOPTER CORPORATION   USHP      1.5  1,498.95
5/10/06   SELL  1,000  U S HELICOPTER CORPORATION   USHP     1.40   1,40.00
5/09/06   SELL  1,000  U S HELICOPTER CORPORATION   USHP     1.40  1,400.00
5/08/06   SELL  1,000  U S HELICOPTER CORPORATION   USHP     1.40  1,400.00
5/05/06   SELL  1,000  U S HELICOPTER CORPORATION   USHP     1.48  1,480.00
5/04/06   SELL  1,000  U S HELICOPTER CORPORATION   USHP     1.45  1,450.00
5/04/06   SELL  1,000  U S HELICOPTER CORPORATION   USHP     1.68  1,680.00

----------                                                                      
(1) Yorkville and Mr. Angelo each disclaim beneficial ownership of the          
securities and this report shall not be deemed an admission that either is the  
beneficial owner of such securities for purposes of Section 16 or for any other 
purpose, except to the extent of their pecuniary interest therein.              

SC 13D 7th Page of 9 TOC 1st Previous Next ↓Bottom Just 7th
                                                                          Page 7

         Accordingly, the Reporting Persons ceased to be the beneficial owner of
more than 5% of the Common Shares on July 31, 2006.                             

Item 6. Contract, Arrangements, Understandings or Relationships with respect to 
Securities of the Issuer.                                                       

Item 6 is hereby amended to include the following:            

   On July 10, 2006 Cornell entered into a Stock Sale Agreement with
Al-Deera Holding Co. KSCC to sell 1,653,436 shares of Common Stock at a net     
price of $1.20 per share, and effectuated the stock sales pursuant to the Stock 
Sale Agreement on July 31, 2006.                                                

SC 13D 8th Page of 9 TOC 1st Previous Next ↓Bottom Just 8th
                                                                          Page 8

 SIGNATURE

       After reasonable inquiry and to the best of each of the undersigned's
knowledge and belief, each certifies that the information set forth in this     
statement is true, complete and correct.                                        

Dated:  August 9, 2006             REPORTING PERSONS:                           
       -----------------

                  CORNELL CAPITAL PARTNERS, LP

                  By:  Yorkville Advisors, LLC
          Its: General Partner

         By: /s/ Mark Angelo
                      ------------------------
       Name: Mark Angelo
            Its: Portfolio Manager

             YORKVILLE ADVISORS, LLC

         By: /s/ Mark Angelo
                      ------------------------
       Name: Mark Angelo
            Its: Portfolio Manager

     /s/ Mark Angelo
                  ----------------------------
 MARK ANGELO

SC 13D Last Page of 9 TOC 1st Previous Next ↓Bottom Just 9th
                                                                          Page 9

JOINT FILING AGREEMENT
----------------------

   In accordance with Rule 13d-1(f) promulgated under the Securities
Exchange Act of 1934, as amended, the undersigned hereby agree to the joint     
filing with all other Reporting Persons (as such term is defined in the Schedule
13D referred to below) on behalf of each of them of a statement on Schedule 13D 
(including amendments thereto) with respect to the common stock, $0.01 par value
per share, of U.S. Helicopter Corporation, a Delaware corporation, and that this
Agreement may be included as an Exhibit to such joint filing. This Agreement may
be executed in any number of counterparts, all of which taken together shall    
constitute one and the same instrument.                                         

IN WITNESS WHEREOF, the undersigned hereby execute this Agreement as of August  
9, 2006.                                                                        

                        REPORTING PERSONS:
                       -----------------

                                  CORNELL CAPITAL PARTNERS, LP

                                  By:  Yorkville Advisors, LLC
                          Its: General Partner

                         By: /s/ Mark Angelo
                                      ------------------------
                       Name: Mark Angelo
                            Its: Portfolio Manager

                             YORKVILLE ADVISORS, LLC

                         By: /s/ Mark Angelo
                                      ------------------------
                       Name: Mark Angelo
                            Its: Portfolio Manager

                     /s/ Mark Angelo
                                  ----------------------------
                 MARK ANGELO

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Dates Referenced Herein and Documents Incorporated by Reference

		Referenced-On Page
This ‘SC 13D’ Filing	Date	First	Last	Other Filings

Filed on:	8/11/06			4, SC 13G
	8/9/06	1	9	SC 13D
	8/8/06	5
	7/31/06	5	7	SC 13D
	7/10/06	5	7
	3/7/06	5		SC 13D
				List all Filings

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Filing Submission 0001144204-06-032298 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

YA Global Investments, et al. – ‘SC 13D’ on 8/11/06 re: U.S. Helicopter Corp

On: Friday, 8/11/06, at 10:56am ET · Accession #: 1144204-6-32298 · File #: 5-81001

Previous ‘SC 13D’: ‘SC 13D’ on 8/9/06 · Next: ‘SC 13D’ on 7/19/07 · Latest: ‘SC 13D/A’ on 2/19/14

General Statement of Beneficial Ownership — Schedule 13DFiling Table of Contents

Document Table of Contents

Dates Referenced Herein and Documents Incorporated by Reference

General Statement of Beneficial Ownership — Schedule 13D
Filing Table of Contents