Hudson Bay Capital Management LP – ‘SC 13G/A’ on 2/8/16 re: SEAL123 Inc

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Amendment to Statement of Beneficial Ownership   —   Schedule 13G
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13G/A    Seal123 Inc Sc13Ga                                     6     18K 

Document Table of Contents

SC 13G/A
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<SEQUENCE>1                                                                     
<FILENAME>wtsl_sc13ga.txt                                                       

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

  SCHEDULE 13G/A

 Under the Securities Exchange Act of 1934
(Amendment No. 1)*

Seal123, Inc. 
    (f/k/a The Wet Seal, Inc.)
(Name of Issuer)

     Class A Common Stock, par value $0.10 per share
  (Title of Class of Securities)

 961840105
(CUSIP Number)

 December 31, 2015
 (Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this          
Schedule is filed:                                                              

[X] Rule 13d-1(b)                                                               

[ ] 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 7 Pages                                                               

SC 13G/A
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CUSIP No. 961840105                  13G/A                  Page 2 of 7 Pages   
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(1)    NAMES OF REPORTING PERSONS                                     

Hudson Bay Capital Management, 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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NUMBER OF      (5)   SOLE VOTING POWER                                          
0                                     
SHARES         --------------------------------------------------------------   

BENEFICIALLY   (6)   SHARED VOTING POWER                                        
                 8,804,348 shares of Common Stock issuable upon exercise
of warrants                           
OWNED BY       --------------------------------------------------------------   

EACH           (7)   SOLE DISPOSITIVE POWER                                     
0                                     
REPORTING      --------------------------------------------------------------   

PERSON WITH:   (8)   SHARED DISPOSITIVE POWER                                   
                 8,804,348 shares of Common Stock issuable upon exercise
of warrants                           
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(9)    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   
8,804,348 shares of Common Stock issuable upon exercise 
of warrants                                             
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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)                                    
9.45%                                                   
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(12)   TYPE OF REPORTING PERSON                                       
PN                                                      
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CUSIP No. 961840105                  13G/A                 Page 3 of 7 Pages    
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(1)    NAMES OF REPORTING PERSONS                                     

Sander Gerber                                           
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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                           
United States                                           
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NUMBER OF      (5)   SOLE VOTING POWER                                          
0                                     
SHARES         --------------------------------------------------------------   

BENEFICIALLY   (6)   SHARED VOTING POWER                                        
                 8,804,348 shares of Common Stock issuable upon exercise
of warrants                           
OWNED BY       --------------------------------------------------------------   

EACH           (7)   SOLE DISPOSITIVE POWER                                     
0                                     
REPORTING      --------------------------------------------------------------   

PERSON WITH:   (8)   SHARED DISPOSITIVE POWER                                   
                 8,804,348 shares of Common Stock issuable upon exercise
of warrants                           
-----------------------------------------------------------------------------   
(9)    AGGREGATE AMOUNT BENEFICIALLY OWNED                            
BY EACH REPORTING PERSON                                
8,804,348 shares of Common Stock issuable upon exercise 
of warrants                                             
-----------------------------------------------------------------------------   
(10)   CHECK BOX IF THE AGGREGATE AMOUNT                              
IN ROW (9) EXCLUDES CERTAIN SHARES                      
                                                                       [ ]
-----------------------------------------------------------------------------   
(11)   PERCENT OF CLASS REPRESENTED                                   
BY AMOUNT IN ROW (9)                                    
9.45%                                                   
-----------------------------------------------------------------------------   
(12)   TYPE OF REPORTING PERSON                                       
IN                                                      
-----------------------------------------------------------------------------   

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CUSIP No. 961840105                  13G/A                 Page 4 of 7 Pages    
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Item 1.                                                                         

(a)   Name of Issuer                                                            

Seal123, Inc. (f/k/a The Wet Seal, Inc.), a Delaware      
corporation (the "Company")                               

(b)   Address of Issuer's Principal Executive Offices                           

26972 Burbank                                             
Foothill Ranch, CA 92610                                  

Item 2(a).  Name of Person Filing                                               

    This statement is filed by Hudson Bay Capital Management, L.P.
      (the "Investment Manager") and Mr. Sander Gerber ("Mr. Gerber"),
     who are collectively referred to herein as "Reporting Persons."

Item 2(b).  Address of Principal Business Office or, if none, Residence         

 The address of the principal business office of each of the
Reporting Persons is:                                     

777 Third Avenue, 30th Floor                              
New York, NY 10017                                        

Item 2(c).  Citizenship                                                         

    Citizenship is set forth in Row (4) of the cover page for each
     Reporting Person hereto and is incorporated herein by reference
for each such Reporting Person.                           

Item 2(d)   Title of Class of Securities                                        

     Class A Common Stock, par value $0.10 per share (the "Class A
Common Stock")                                          

Item 2(e)   CUSIP Number                                                        

961840105                                                       
CUSIP No. 961840105                  13G/A                  Page 5 of 7 Pages   
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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 filing 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 registered under Section 8 of the Investment       
Company Act of 1940 (15 U.S.C. 80a-8).                      

(e) [X]   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) [X]   A parent holding company or control person in accordance with         
ss.240.13d-1(b)(1)(ii)(G);                                  

(h) [ ]   A savings association 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) [ ]   A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J);

(k) [ ]   Group, in accordance with Rule 13d-1(b)(1)(ii)(J).                    

If filing as a non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J),  
please specify the type of institution: ____                                    

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Item 4.     Ownership                                                           

      The information required by Items 4(a) - (c) is set forth in Rows (5)-
(11) of the cover page for each Reporting Person hereto and is incorporated     
herein by reference for each such Reporting Person.                             

The Company's Current Report on Form 8-K filed with the Securities and          
Exchange Commission on November 4, 2015, discloses that the total number of     
outstanding shares of Class A Common Stock prior to the confirmation of         
the First Amended Joint Plan of Liquidation of Seal123, Inc. and Subsidiary     
Debtors and Their Official Committee of Unsecured Creditors on                  
October 30, 2015, was 84,358,776. The percentage set forth on Row (11) of       
the cover page for each Reporting Person is based on the Company's total        
number of outstanding shares of Common Stock and assumes the exercise           
of warrants.                                                                    

The Investment Manager, which serves as the investment manager to Hudson        
Bay Master Fund Ltd., in whose name the securities reported herein are          
held, may be deemed to be the beneficial owner of all shares of Common          
Stock underlying the warrants held by Hudson Bay Master Fund Ltd.               
Mr. Gerber serves as the managing member of Hudson Bay Capital GP LLC,          
which is the general partner of the Investment Manager.  Mr. Gerber             
disclaims beneficial ownership of these securities.                             

Item 5.     Ownership of Five Percent or Less of a Class                        

Not applicable.                                                     

Item 6.     Ownership of More than Five Percent on Behalf of Another Person     

See Item 4.                                                         

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.                                                     

Item 9.     Notice of Dissolution of Group                                      

Not applicable.                                                     

CUSIP No. 961840105                  13G/A                  Page 6 of 7 Pages   
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Item 10.    Certification                                                       

By signing below each Reporting Person certifies that, to the best of his       
or its knowledge and belief, the securities referred to above were acquired     
and are held in the ordinary course of business and 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.                                                              

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CUSIP No. 961840105                   13G/A                 Page 7 of 7 Pages   
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SIGNATURES                                                                      

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

Dated: February 8, 2016                                                         

HUDSON BAY CAPITAL MANAGEMENT, L.P.                                             

By: /s/ Sander Gerber                                                           
Name:   Sander Gerber                                                           
Title: Authorized Signatory                                                     

/s/ Sander Gerber                                                               
SANDER GERBER                                                                   

Dates Referenced Herein   and   Documents Incorporated by Reference

				Referenced-On Page
This ‘SC 13G/A’ Filing		Date		First		Last			Other Filings
Filed on:		2/8/16		6					SC 13G,  SC 13G/A
		12/31/15		1					15-12B,  8-K
		11/4/15		5					8-K
		10/30/15		5					8-K
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